The emergency department information system global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Emergency Department Information System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – 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 improve patient experience and satisfaction, optimized clinical workflows, and 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 patient tracking and monitoring, the need to reduce healthcare costs, the implementation of biometric authentication for secure and efficient access to patient data, the use of VR and AR for training, simulation, and enhanced patient care in emergency settings, Continued development of HIE networks promoting seamless data and rollout of 5G networks enabling faster data transmission and improved connectivity for EDIS. Major trends in the forecast period include increasing use of blockchain technology, rising adoption of IoT devices for continuous patient monitoring and data collection in emergency settings, transition to value-based care models, growing focus on the ethical implications of AI in healthcare, ensuring AI-driven EDIS are used responsibly, integration of remote patient monitoring technologies and promoting advanced EDIS adoption to improve emergency care worldwide.
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Scope Of Emergency Department Information System Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Emergency Department Information System Market Overview
Market Drivers -The increase in number of insured populations is expected to propel the growth of the emergency department information system market going forward. Insured populations refer to groups of individuals who have health insurance coverage, either through private insurance plans, and government programs. The number of insured populations is rising due to increasing awareness, government mandates, and expanded access to healthcare services. Emergency department information systems ensure precise and thorough documentation of patient encounters, which aids in processing insurance claims and reduces the likelihood of billing errors, thereby minimizing out-of-pocket costs for insured patients. For instance, in September 2023, the United States Census Bureau, a US-based government agency, reported that a total of 304.0 million individuals, or 92.1% of the population, had health insurance in 2022, reflecting an increase in both the percentage of insured persons and the total number of insured people from 2021. Therefore, the increase in number of insured populations is driving the growth of the emergency department information system market.
Market Trends – Major companies operating in the emergency department information system market are focusing on technological advancements such as generative AI-powered clinical digital assistants to enhance clinical decision-making, improve patient outcomes, and streamline workflows. Generative AI-powered clinical digital assistants refer to multimodal voice and screen-based assistants that participate in appointments using generative AI to automate note taking and propose context-aware next actions. For instance, in September 2023, Oracle Corporation, a US-based technology company launched Oracle Clinical Digital Assistant, providing generative AI services for healthcare organizations, enabling providers to leverage the power of generative AI together with voice commands to reduce manual work and place more focus on patient care. This assistant is integrated with Oracle’s electronic health record (EHR) solutions, making it easy for patients to take self-service actions such as scheduling appointments or checking clinical information at their convenience using simple voice commands.
The emergency department information system market covered in this report is segmented –
1) By Software Type: Enterprise Solutions, Best Of Breed (B.O.B.) Solutions
2) By Deployment: On-Premise Emergency Department Information System, Software-As-A-Services (SaaS)
3) By Application: Computerized Physician Order Entry (CPOE), Clinical Documentation, Patient Tracking And Triage, E-Prescribing
4) By End User: Small Hospitals, Medium-Sized Hospitals, Large Hospitals
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Regional Insights – 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.
Key Companies – 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
Table of Contents
- Executive Summary
- Emergency Department Information System Market Characteristics
- Emergency Department Information System Market Trends And Strategies
- Emergency Department Information System Market – Macro Economic Scenario
- Global Emergency Department Information System Market Size and Growth
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- Key Mergers And Acquisitions In The Emergency Department Information System Market
- Emergency Department Information System Market Future Outlook and Potential Analysis
- Appendix
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