PUBLISHER: The Business Research Company | PRODUCT CODE: 1518303
PUBLISHER: The Business Research Company | PRODUCT CODE: 1518303
An emergency department information system (EDIS) is a comprehensive, integrated software solution designed to support hospital emergency department operations. It aids in efficient management of patient information and workflows, enhancing patient care and operational efficiency. EDIS integration features facilitate seamless communication among emergency department personnel and other hospital units, ensuring quick access to patient information and promoting coordinated care.
The main types of emergency department information systems software include enterprise solutions and best of breed (B.O.B.) solutions. Enterprise solutions streamline healthcare operations and data management across departments, fostering collaboration and efficiency. They are deployed as on-premise systems or software-as-a-service (SaaS) for various applications such as computerized physician order entry (CPOE), clinical documentation, patient tracking and triage, and E-prescribing. These solutions cater to different end users, including small, medium-sized, and large hospitals.
The emergency department information system market research report is one of a series of new reports from The Business Research Company that provides emergency department information system market statistics, including the emergency department information system industry global market size, regional shares, competitors with emergency department information system market share, detailed emergency department information system market segments, market trends, and opportunities, and any further data you may need to thrive in the emergency department information system industry. These emergency department information system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The emergency department information system market size has grown rapidly in recent years. It will grow from $0.93 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to patient safety initiatives, improved workforce management, efforts to enhance patient experience and satisfaction, optimized clinical workflows, and an increased focus on training and education programs for healthcare providers.
The emergency department information system market size is expected to see rapid growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to several factors, including patient tracking and monitoring, the imperative to reduce healthcare costs, the implementation of biometric authentication for secure access to patient data, and the utilization of virtual reality (VR) and augmented reality (AR) for training, simulation, and improved patient care in emergency settings. Major trends expected in the forecast period include the increasing use of blockchain technology in healthcare, rising adoption of Internet of Things (IoT) devices for continuous patient monitoring and data collection in emergency settings, a transition to value-based care models, a growing focus on the ethical implications of artificial intelligence (AI) in healthcare, and ensuring responsible use of AI-driven EDIS.
The anticipated growth in the number of insured populations is expected to drive the expansion of the emergency department information system market in the coming years. Insured populations encompass individuals who have health insurance coverage, whether through private insurance plans or government programs. This increase in insured populations is attributed to factors such as rising awareness, government mandates, and improved access to healthcare services. Emergency department information systems play a crucial role in ensuring accurate documentation of patient encounters, facilitating insurance claim processing, and reducing the risk of billing errors, thus minimizing out-of-pocket costs for insured patients. For example, in September 2023, the United States Census Bureau reported that 304.0 million individuals, or 92.1% of the population, had health insurance in 2022, marking an increase in both the percentage and total number of insured persons from 2021. Consequently, the rise in insured populations is fueling the growth of the emergency department information system market.
Leading companies in the emergency department information system market are concentrating on technological advancements, such as generative AI-powered clinical digital assistants, to enhance clinical decision-making, improve patient outcomes, and streamline workflows. These assistants utilize generative AI to automate note-taking and propose context-aware next actions during appointments, enhancing efficiency. For instance, in September 2023, Oracle Corporation launched Oracle Clinical Digital Assistant, offering generative AI services for healthcare organizations. Integrated with Oracle's electronic health record (EHR) solutions, this assistant allows patients to perform self-service actions such as scheduling appointments or accessing clinical information using simple voice commands, thus reducing manual work and enabling providers to focus more on patient care.
In January 2021, Medsphere Systems Corporation acquired Marketware Inc., enhancing its core healthcare IT solutions and services. Marketware Inc. specializes in developing healthcare software solutions aimed at managing healthcare relationships and analyzing healthcare data, providing valuable tools for hospitals and health systems to address industry challenges.
Major companies operating in the emergency department information system market are McKesson Corporation, Optum Inc., Siemens Healthineers, Philips Healthcare, GE Healthcare, Cerner Corporation, Epic Systems Corporation, Athenahealth Inc., Carestream Health, eClinicalWorks, Allscripts Healthcare Solutions Inc., InterSystems Corporation, NextGen Healthcare, CPSI (Computer Programs and Systems Inc.), Picis Clinical Solutions, Medhost Inc., QuadraMed, Medsphere Systems Corporation, Nextech Systems LLC, The T System Inc., Practice Fusion, Streamline Health Solutions Inc., Greenway Health, Wellsoft Corporation, Medical Information Technology Inc., Agfa HealthCare, Infor Healthcare
North America was the largest region in the emergency department information system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emergency department information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the emergency department information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The emergency department information system market includes revenues earned by entities by providing services such as patient management, electronic health record (EHR) integration, and real-time data tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Emergency Department Information System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on emergency department information system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for emergency department information system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The emergency department information system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.