Emergency Department Information System Market Outlook 2019 to 2023| Global Emergency Department Information System Market: Information by Component (Software, Services and Hardware), Delivery Mode (Software-as-a-Services (SaaS) and On-Premise EDIS), Application (Clinical Functionality, Patient Entry, Tracking and Triage, Department-Centered Tracking, Clinical Documentation, Computer Provider Order Entry (CPOE), Result Reporting and Discharge Management Region & Administrative Functions), End User, (Large Hospitals, Medium-Sized Hospitals and Small Hospitals) and Regional Forecast
Emergency Department Information System Market
Emergency department information systems are EHR systems, or electronic health record systems, that are specifically designed for managing data and workflow. This is done so as to support emergency department patient care and operations. The global emergency department information system market is anticipated to garner a CAGR of 15.10% during the assessment period between 2017 and 2023.
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The global emergency department information systems market is identified to be driven by the increasing rate of aging population, rising demand for data-driven technologies, an increasing number of hospitals, growing emergency department visits, and rising coverage in insurance. Over the years, a rising percentage of hospitals have incepted due to the imperative need for advanced, clinical, and timely form of treatment. This rise in the number of hospitals across both developing and developed nations is believed to be a major growth factor for the global market of emergency department information systems.
Emergency Department Information System Market
The global emergency department information system market segmentation is divided into end-user, application, component, and delivery mode.
By component, the market includes hardware, software, and services. The software segment is narrowed down into enterprise solutions and best-of-breed solutions. In this market segment, software holds the largest market share and is expected to attain a CAGR of 15.39% during the review period of 2017 to 2023.
By application, the market divides into administrative functionalities and clinical functionalities.
By delivery mode, the market includes on-premise and software-as-a-service (SaaS). The SaaS segment holds the maximum share percentage in this market segmentation and is projected to witness a CAGR of 15.33% during the assessment period.
By end-users, the market comprises of medium-sized hospitals, large hospitals, and smaller-scale hospitals. The large hospitals segment hold the primal spot in terms of market portion with close to half of the share to its name.
Emergency Department Information System Market Regional Analysis
The global emergency department information system market is regionally segmented into four key regions, namely Asia Pacific, Europe, Americas, and the Middle East & Africa.
The Americas region hold the top-spot in terms of market with about 38.6% of the share to its name as per the published report of 2016. The majority percentage of the market can be attributed to the presence of various major-level manufacturers, technological advancements, and high rate of adoption for emergency department information systems. Europe stands as the second-largest market in global standings and acts as a significant contributor to the overall emergency department information system market.
The Asia Pacific region is expected to be the fastest growing market globally with a projected CAGR of 15.71% during the forecast period. The regional market holds unmatched opportunities and boasts of continuously growing economies. Herein, factors driving the market are improving economies, latest healthcare developments, a growing percentage of public and private hospitals, and others. The Middle East & African market holds the least market share and is expected to grow at a slow pace in the forthcoming years of the forecast period due to lack of economic development and highly low level of income.
Emergency Department Information System Market Competitive Landscape
The global emergency department information system market boasts a number of key players under its umbrella. The market players are pushing the boundaries of innovation and placing focus on research and development activities to boost the overall market growth and demand. Some of the leading players identified in this market are Evident, Medical Information Technology, Inc, Cerner Corporation, Mckesson Corporation, Medhost Inc, Siemens Healthcare, Logibec Canada, T-System Inc, Allscripts, EPOWERdoc, Inc, Unitedhealth Group, Epic Systems, Inc, Healthland, Inc, veEDIS Clinical Systems LLC, and Wellsoft.
Industry News
Feb 28th, 2019, Medsphere, a healthcare IT solution provider, announced in a release that it has acquired Wellsoft Corporation, a company specializing in emergency department information system. The motive behind the acquisition centers around Medsphere’s plan of launching a solution for urgent care centers.
Jan 9th, 2019, Document Storage Systems (DSS), announced in a statement that it has finalized on acquiring the Emergency Department Information System software from a pioneering EDIS company named veEDIS Clinical Systems.
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