The Global Emergency Department Information System Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 13.8% CAGR during the forecast period.
Europe is at the forefront of adopting advanced healthcare technologies, including artificial intelligence, machine learning, and telemedicine. EDIS systems incorporating these technologies are increasingly in demand to enhance clinical decision-making and patient care. Thus, the European region would acquire nearly 27% of the total market share by 2031.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in March, 2023, Veradigm, Inc. signed a partnership with Opargo, a patient scheduling solutions provider, to integrate its Practice Management suite with Opargo's scheduling and revenue optimization offerings. The combined expertise of the two companies would facilitate their customers to improve their practice and schedule efficiency. Moreover, in October, 2022, Cerner Corporation, a subsidiary of Oracle Corporation, partnered with Validic Inc., a digital healthcare solutions provider, to integrate its offerings with Validic's integrated digital health solutions. The partnership would facilitate the joint customers of the two companies in the efficient management of population-wide chronic conditions.
The focus on reducing Emergency Department (ED) wait times is a significant driver for the market’s growth. EDIS automates manual tasks such as data entry, patient registration, and order processing. By reducing the need for manual input, the system accelerates administrative processes and reduces patients’ time waiting for care. Thus, the focus on reducing ED wait times is propelling the market’s growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
The market is highly competitive, with key players offering advanced, integrated solutions for efficient patient management. Competition revolves around features like real-time data sharing, interoperability, and regulatory compliance, driving innovation.
Europe is at the forefront of adopting advanced healthcare technologies, including artificial intelligence, machine learning, and telemedicine. EDIS systems incorporating these technologies are increasingly in demand to enhance clinical decision-making and patient care. Thus, the European region would acquire nearly 27% of the total market share by 2031.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in March, 2023, Veradigm, Inc. signed a partnership with Opargo, a patient scheduling solutions provider, to integrate its Practice Management suite with Opargo's scheduling and revenue optimization offerings. The combined expertise of the two companies would facilitate their customers to improve their practice and schedule efficiency. Moreover, in October, 2022, Cerner Corporation, a subsidiary of Oracle Corporation, partnered with Validic Inc., a digital healthcare solutions provider, to integrate its offerings with Validic's integrated digital health solutions. The partnership would facilitate the joint customers of the two companies in the efficient management of population-wide chronic conditions.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal matrix; Cisco Systems, Inc. is the forerunner in the Market. Companies such as Oracle Corporation, Medtronic PLC, Getinge AB are some of the key innovators in Market. In November, 2022, Cerner Corporation, a subsdiary of Oracle Corporation, partnered with Labcorp, a life science company, to provide solutions for efficient healthcare operations workflow. The partnership would facilitate the customers of the two companies to automate certain parts of their laboratory operations.Market Growth Factors
In emergency departments (EDs), timely and accurate communication among healthcare providers is essential for managing patient care efficiently. EDIS enhances the accuracy of patient records by automating data entry and reducing reliance on manual documentation. Therefore, the rising need for improved patient care and safety drives the market’s growth.The focus on reducing Emergency Department (ED) wait times is a significant driver for the market’s growth. EDIS automates manual tasks such as data entry, patient registration, and order processing. By reducing the need for manual input, the system accelerates administrative processes and reduces patients’ time waiting for care. Thus, the focus on reducing ED wait times is propelling the market’s growth.
Market Restraining Factors
Acquiring an EDIS involves substantial software licensing costs. These fees can be high, especially for advanced systems with comprehensive features and functionalities. Effective use of EDIS requires comprehensive training for emergency department staff, including doctors, nurses, and administrative personnel. Thus, high implementation costs are hampering the market’s growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Driving and Restraining Factors
Drivers
- Rising need for improved patient care and safety
- Focus on reducing ED wait times
- Expansion of the healthcare industry worldwide
Restraints
- High implementation costs of EDIS
- Data security and privacy risks in managing sensitive health information
Opportunities
- Growth in telemedicine and remote monitoring
- Increasing supportive regulatory and policy support
Challenges
- System reliability and technical issues affecting operational continuity
- Limited customization options to meet specific departmental needs
Deployment Outlook
Based on deployment, the market is divided into software-as-a-types (SaaS) and on-premises. The on-premises segment attained 40% revenue share in the market. Some emergency departments prefer on-premises EDIS due to data security and privacy concerns. On-premises solutions allow departments to keep sensitive patient information within their facilities, minimizing the risk of data breaches that could occur with cloud-based systems.End User Outlook
By end-user, the market is divided into medium-sized hospitals, large hospitals, and small hospitals. The large hospitals segment procured 36% revenue share in the market in 2023. Large hospitals often experience high patient volumes in their emergency departments. EDIS helps manage this influx efficiently by streamlining patient flow from registration and triage to treatment and discharge or admission, reducing bottlenecks and wait times.
Type Outlook
On the basis of type, the market is segmented into best of breed (B.O.B.) solutions and enterprise solutions. In 2023, the enterprise solutions segment attained 46% revenue share in the market. Enterprise EDIS solutions offer a unified platform that integrates seamlessly with other hospital systems, such as Electronic Health Records (EHRs), Laboratory Information Systems (LIS), and Radiology Information Systems (RIS).Application Outlook
Based on application, the market is categorized into computerized physician order entry (CPOE), clinical documentation, patient tracking & triage, e-prescribing, and other applications. The clinical documentation segment witnessed a 20% revenue share in the market in 2023. Advanced clinical documentation systems ensure that all relevant patient information is accurately and comprehensively recorded. This includes vital signs, treatment administered, patient history, and other critical data essential for high-quality care and accurate medical records.By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 43% revenue share in the market in 2023. North America, particularly the United States and Canada, boasts the most advanced healthcare systems in the world. The presence of well-equipped hospitals, cutting-edge medical facilities, and a focus on quality care creates a conducive environment for adopting sophisticated EDIS solutions.Market Competition and Attributes
The market is highly competitive, with key players offering advanced, integrated solutions for efficient patient management. Competition revolves around features like real-time data sharing, interoperability, and regulatory compliance, driving innovation.
Recent Strategies Deployed in the Market
- Mar-2023: NEXTGEN HEALTHCARE, INC. released Mirth Cloud Connect, a healthcare interoperability solution. The cloud-based solution features Snowflake and AWS capabilities. Additionally, the solution is built upon the Mirth Connect tool.
- Jan-2023: Getinge AB unveiled Servo-c mechanical ventilator. The Ventilator features lung-protective therapeutic tools for the treatment of both adult and pediatric patients. Additionally, the ventilator has Servo Compass and CO2 monitoring features.
- Dec-2022: NEXTGEN HEALTHCARE, INC. announced the acquisition of TSI Healthcare, a health IT solutions provider. The partnership strengthens NEXTGEN's capabilities in pulmonology, rheumatology, and cardiology.
- Dec-2021: Oracle Corporation took over Cerner, a medical record company. The acquistion enhances Oracle's revenue growth and expanding its healthcare business globally.
- Nov-2021: Getinge AB completed the acquisition of Verrix, a medical device manufacturer based in the United States. The acquisition enhances Getinge's overall portfolio by adding Verrix's infection control offerings to it.
List of Key Companies Profiled
- Oracle Corporation
- Siemens Healthineers AG (Siemens AG)
- NEXTGEN HEALTHCARE, INC. (Thoma Bravo)
- Koninklijke Philips N.V.
- Cisco Systems, Inc.
- Medtronic PLC
- Abbott Laboratories
- Honeywell International, Inc.
- Getinge AB
- Veradigm, Inc.
Market Report Segmentation
By Deployment
- Software-As-A-Types (SaaS)
- On-Premises
By End User
- Medium-sized Hospitals
- Large Hospitals
- Small Hospitals
By Type
- Best of Breed (B.O.B.) Solutions
- Enterprise Solutions
By Application
- Computerized Physician Order Entry (CPOE)
- Clinical Documentation
- Patient Tracking & Triage
- E-Prescribing
- Other Application
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Emergency Department Information System Market by Deployment
Chapter 6. Global Emergency Department Information System Market by End-user
Chapter 7. Global Emergency Department Information System Market by Type
Chapter 8. Global Emergency Department Information System Market by Application
Chapter 9. Global Emergency Department Information System Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- Oracle Corporation
- Siemens Healthineers AG (Siemens AG)
- NEXTGEN HEALTHCARE, INC. (Thoma Bravo)
- Koninklijke Philips N.V.
- Cisco Systems, Inc.
- Medtronic PLC
- Abbott Laboratories
- Honeywell International, Inc.
- Getinge AB
- Veradigm, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 310 |
| Published | September 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 789.8 Million |
| Forecasted Market Value ( USD | $ 2185.9 Million |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
