Emergency Department Information System Market to attain CAGR of 15.10% by 2023

Pune, India, October 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Emergency Department Information System Market.

Emergency Department Information System Market – Overview

The need for emergency departments to be efficient in their operations has increased the demand for information systems that can ensure this efficiency. Market reports associated with the healthcare industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is expected to expand with a CAGR of 15.10% in the forecast period.

The rise in the number of cases related to emergency trauma or patients who are suffering from critical diseases is a crucial factor that is boosting the overall growth of the market. Massive surges ER patient load globally is also a prime factor cited for the progress of the market. As emergency department information systems are central to a smooth transition into the hospital, they are being gradually adopted in modern hospital setups which will drive the expansion of the market in the forecast period.

Segmental Analysis

The emergency department information system market is segmented on the basis of delivery mode, application, component, and end user. The basis of component the emergency department information system market is segmented into services, software, and hardware. Additionally, the software is segmented into best-of-breed solutions and enterprise solutions. On the basis of delivery mode, the market is divided into on-premise and software-as-a-service. On the basis of the application the market is segmented into administrative functionalities and clinical functionalities. The end user-based segmentation the market is segmented into medium-sized hospitals, large hospitals, and small hospitals.

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Detailed

Regional Analysis

The regional analysis of the emergency department information system market consists of regions such as Europe, the Americas, the Middle East, Asia Pacific, and Africa. The Americas region is responsible for the major market share of about 38.6% of the share for the emergency department information system market in 2016 globally. The bigger share is considerably attributed to the existence of chief manufacturers, the increased adoption rate for an emergency department information system, and technological developments. The European region is responsible for the next largest market share.  While, the Asia Pacific region is anticipated to have a CAGR of 15.71% through the forecast period. With the availability of good opportunities and incessantly growing economies, the region is likely to be the fastest growing region. Factors such as fresh healthcare developments, refining economies, growing number of public and private hospitals is promoting the growth of the market. The Middle East and Africa region has relatively less economic developments, and very low income accounted for the least market share in 2016 but is expected to develop in the coming future.

Competitive Analysis

The market is at an optimally productive level and will be capable of generating greater value for the firms in the market and its shareholders. Although, the market has also considerably neutralized the market advantages and thus is promoting an increase in the number of firms in the market. The diversification of the product assortment in the market is increasing the opportunity for the progress of the market. The leadership trends in the market are reinforcing the level of growth that can be achieved in the present market scenario.  The evolution patterns are reviewed in tandem to the customer likings to realize the highest growth, and in the long run, viability. The ability of utilizing the Economies of scale is further proving to be beneficial for the overall market growth. The potential for profitability in a market has been determined to be optimistic which will be fruitful for future expansions.

The eminent contenders in the market are veEDIS Clinical Systems LLC, Epic Systems, Healthland, Inc, Evident, EPOWERdoc, Inc, Unitedhealth Group, Inc, Logibec Canada, T-System Inc, Cerner Corporation, Siemens Healthcare, Mckesson Corporation, Medical Information Technology, Inc, Medhost Inc, Allscripts, Wellsoft and others.

Industry Updates:

May 2018 Columbus Regional Healthcare System in North Carolina, USA which consists of a 154-bed Columbus Regional Hospital and a physician network, will implement the Cerner Millennium healthcare IT platform. The technology comprises electronic health record, revenue cycle management and patient engagement software that enables patients to securely message physicians among other useful features.