PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532804
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532804
Emergency Department Information System Market size was valued at USD 890,102.09 million in 2023, expanding at a CAGR of 14.21% from 2024 to 2032.
The Emergency Department Information System is a specialized EHR system created to streamline data management and processes to enhance patient care and operations within the Emergency Department. Unlike ambulatory and inpatient environments, the Emergency Department setting is characterized by its episodic nature and increased complexity. Through the use of different EDIS components, hospitals can often achieve improvements such as decreased waiting times, elopements, triage times, and overall length of stay.
Emergency Department Information System Market- Market Dynamics
The increase in the number of patients seeking care at emergency departments, coupled with the growing elderly population, is anticipated to fuel the expansion of the market.
The increasing need for effective management and efficient operations in emergency departments, along with enhanced patient care and outcomes, play a significant role in the industry's expansion. EDIS solutions aid in patient information management, treatment progress monitoring, and workflow optimization, all of which are essential in managing the rising patient volume and complexity of cases in emergency settings. With over 100 million patient visits annually, hospital emergency departments (EDs) serve as a crucial component of healthcare in the United States, as reported by the American Medical Association. Additionally, advancements in healthcare IT, such as artificial intelligence (AI) and machine learning (ML), present new opportunities for the market. Nevertheless, concerns regarding data privacy and security may impede market growth.
Emergency Department Information System Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.21% over the forecast period (2024-2032)
Based on Software Type segmentation, Best of Breed (B.O.B.) Solutions were predicted to show maximum market share in the year 2023
Based on Deployment Type segmentation, Software-As-A-Services (SaaS) was the leading type in 2023
Based on Application segmentation, Computerized Physician Order Entry (CPOE). was the leading type in 2023
Based on End-User segmentation, Medium-Sized Hospitals were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Emergency Department Information System Market is segmented based on Software Type, Deployment Type, Application, End-User, and Region.
The market is segmented into three divisions according to Software Type: Enterprise Solutions and Best of Breed (B.O.B.) Solutions. Best of Breed (B.O.B.) Solutions hold a significant share of the market. B.O.B. solutions prioritize providing outstanding functionality designed specifically for emergency departments, as opposed to integrating with a broader hospital information system (HIS).
The market is segmented into two categories depending on Deployment Type: On-Premises and Software-As-A-Services (SaaS). Software-as-a-services (SaaS) holds the majority share in the market. The EDIS market is expected to experience substantial growth, driven by the increasing adoption of SaaS models. SaaS solutions provide cost-effectiveness, scalability, and convenient access, making them a compelling choice for emergency departments.
The market is segmented into four categories according to Application: Computerized Physician Order Entry (CPOE), Clinical Documentation, Patient Tracking & Triage, E-Prescribing, and Others. The dominant force in the market is Computerized Physician Order Entry (CPOE). CPOE systems play a crucial role in reducing errors, enhancing efficiency, and improving patient safety through the provision of decision support tools and ensuring accurate order processing.
The market is segmented into three groups according to End-User: Small Hospitals, Medium-Sized Hospitals, and Large Hospitals. Medium-sized hospitals lead the market. Effective management of emergency department workflows is essential for medium-sized hospitals to efficiently manage patient volumes.
Emergency Department Information System Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. North America leads the market, attributed to its well-established healthcare infrastructure and the presence of major medical EDIS providers. The region boasts a highly advanced healthcare system with cutting-edge facilities and services. This strong infrastructure facilitates the adoption and integration of sophisticated EDIS solutions. Health expenditure in the U.S. rose by 4.1% in 2022 to USD 4.5 trillion or USD 13,493 per capita. This growth rate is on par with pre-pandemic levels (4.1% in 2019), according to the American Medical Association. Additionally, North America is home to numerous top EDIS vendors and healthcare IT firms. Europe is the second largest region for market expansion, driven by the growing demand for healthcare services.
The market for Emergency Department Information Systems (EDIS) is fiercely competitive, with a multitude of companies providing tailored solutions for hospitals, including those of medium size. The competition is fueled by the necessity to deliver comprehensive, efficient, and economical systems that improve patient care and streamline emergency department operations. Mergers and acquisitions are prevalent as larger companies aim to broaden their market presence and incorporate complementary technologies. With the increasing demand for enhanced emergency care, the competitive environment will spur innovation and progress in EDIS solutions.
Nova Scotia, in partnership with Nova Scotia Health Authority (NSHA) and IWK Health (IWK), has revealed the signing of a new 10-year contract with Oracle Cerner to roll out an integrated electronic care record system for over one million residents of Nova Scotia.
Microsoft Corporation and Epic Systems Corporation have joined forces to enhance the utilization of artificial intelligence in electronic health records, demonstrating another instance of AI's increasing significance in the healthcare industry.
GLOBAL EMERGENCY DEPARTMENT INFORMATION SYSTEM MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Allscripts Healthcare Solutions, Inc.
Cerner Corporation
EPOWERdoc, Inc.
MEDHOST, Inc.
Medical Information Technology, Inc.
T-Systems, Inc.
UnitedHealth Group, Inc.
Medsphere Systems Corporation
Epic Systems
Mckesson Corporation
Evident
Logibec Canada
Others