Aging, an inevitable and irreversible process, brings about a gradual decline in both physical and mental capacities, accompanied by an increased susceptibility to age-associated conditions. Among these conditions are gastrointestinal problems, orthopedic diseases, cancer, and others, often exacerbated by a decrease in immunity. The geriatric population, defined as individuals aged 60 and above, represents a unique demographic with a greater variation in health and diseases compared to other age groups. According to the United Nations' World Population Prospects, approximately 962 million people fall into this category globally, constituting around 13% of the total population as of 2017. Furthermore, the World Health Organization (WHO) estimates that the percentage of the world's population aged 60 and older will nearly double, surging from 12% to 22% by 2050.
In the United States, demographic shifts are equally pronounced, with more than 20% of the total population projected to be aged 65 or over by 2030. This demographic transformation is not confined to the Western world; the United Nations predicts that Asia will be home to around 857,040 older individuals by 2050. As the world grapples with this "silver tsunami," the repercussions are felt across various sectors, particularly in healthcare. One notable impact is on the Emergency Department Information System (EDIS) market.
The rise in the aging population has direct implications for the EDIS market, given the higher propensity of older individuals to injuries and health conditions. Gastrointestinal problems, orthopedic diseases, and other ailments exacerbated by weakened immunity contribute significantly to increased hospital visits among the elderly. This surge in healthcare utilization necessitates advanced information systems in emergency departments to efficiently manage patient data, streamline processes, and enhance overall healthcare delivery.
Market Dynamics:
The aging population's impact on the EDIS market is multifaceted. The growing number of older individuals translates to an increased demand for emergency care services. The complexity of health issues in the geriatric demographic requires streamlined and efficient information systems to manage their medical records, facilitate communication among healthcare professionals, and ensure timely interventions. As emergency departments become focal points for geriatric healthcare, the EDIS market witnesses a surge in demand for innovative solutions to address the unique challenges associated with an aging patient population.
Challenges and Opportunities:
Challenges arise as emergency departments grapple with the need for specialized care for older patients, necessitating adjustments in workflow, resource allocation, and technology adoption. However, these challenges present opportunities for the EDIS market to innovate and tailor solutions that cater specifically to the needs of the aging population. Integration of predictive analytics, enhanced communication tools, and interoperability features can significantly improve the efficiency of emergency care for older individuals.
Technological Advancements:
The EDIS market is witnessing a wave of technological advancements to meet the evolving needs of emergency departments catering to the aging population. Artificial intelligence (AI) and machine learning applications aid in predictive analytics, helping healthcare professionals anticipate and address potential health issues in older patients. User-friendly interfaces, mobile access, and interoperability features enhance communication and coordination among healthcare teams, ensuring a more comprehensive and timely approach to geriatric care.
Conclusion:
As the global population ages, the impact reverberates throughout the healthcare landscape, particularly in emergency departments. The EDIS market stands at the forefront of addressing the unique challenges posed by the aging population, offering innovative solutions to enhance the efficiency and effectiveness of emergency care for older individuals. The integration of advanced technologies and a targeted focus on the specific healthcare needs of the geriatric demographic will play a pivotal role in shaping the future of the Emergency Department Information System market. As the silver tsunami continues to reshape healthcare dynamics, the EDIS market has a crucial role to play in ensuring that emergency care is not only responsive but tailored to the distinct needs of an aging population.
Report Attribute/Metric | Details |
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Segment Outlook | Product, Delivery Mode, Application, and Region |
Emergency Department Information System Market Size was valued at USD 0.34 Billion in 2023. The Emergency Department Information System market industry is estimated to grow from USD 0.39 Billion in 2024 to USD 1.04 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.02% during the projected timeframe (2024 - 2032). Product releases, research and development by significant critical players, and increasing data sharing & trustworthiness are the key market drivers contributing to market growth and development.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
In September 2023, Orion Health introduced new digital front door services, which are currently being utilized by 15 million individuals in Ontario and will soon be accessible to a wider audience. The technologies are specifically engineered to optimize the efficiency of healthcare personnel who are overwhelmed with responsibilities and to decrease the dependence on emergency departments. Orion states that Virtuoso is a multichannel interface that provides patients with a centralized point of contact with the health system. The platform has an AI-powered symptom-assessment tool that assists users in obtaining more precise information and guidance on various healthcare options.
Virtuoso is a customized platform that is designed for individual communities and provides easy access to combine intricate healthcare systems. It empowers anyone, including ordinary people like you and me, to have authority over their own health. Orion Health, a company headquartered in New Zealand, using its unified health information exchange platform to combine several systems, including electronic health records, patient portals, and other technologies. This platform also includes a clinical and pharmaceutical management portal, as well as health intelligence. The HIE's consumer-facing extension enables users to access and examine their health information, as well as utilize a variety of self-service features.
By May 2023, GE Healthcare had already announced its new EDIS system, GE Healthcare EDIS. This new system is said to run on improved hardware that makes it faster, more efficient and more secure than traditional EDIS systems.
According to an announcement last month in June 2023, Epic released its new EDIS system known as the Epic EDIS. The new Epic EDIS contains links with other healthcare information systems of Epic making it easier for health providers to reach out and find patient information.
In January 2023, Cerner unveiled a novel EDis called Cerner EDis, which is reported to have been created specifically for enhancing patient care and safety within emergency departments.
In December 2022, Allscripts rolled out the Allscripts EDis program, which can be accessed by any device since it's based on cloud technology. This enables health providers to easily get patients' data wherever they are.
Shannon Health rolled out PeraHealth's Most Recent Clinical Decision Support Platform in December 2021 and launched its state-of-the-art cloud-based predictive analytics platform for use in emergency departments called "RI Triage."
Similarly, Vital raised $15m through Series A funding led by Transformation Capital in September 2021. It was able to raise funds from First Round Capital and Threshold Ventures, who were also part of the round. It is an Atlanta-based artificial intelligence (AI)-powered solution company for improving patient experience and loyalty within hospital emergency departments (EDs) and hospital stays.
In May 2022, Inflectra joined hands with Checkpoint Technologies. By bringing together SpiraPlan, which is Inflectra's enterprise program management systems and portfolio management platforms designed for managing risks, combined with Checkpoint's software testing and quality assurance expertise, the partnership is designed to offer cutting-edge technology to customers while solving business challenges related to software quality.
There was a revision of the Emergency Department Integration Software (EDIS) program services installation in hospitals for tracking and managing the delivery of care to patients in an emergency department (ED) by U.S. Office of Information and Technology in June 2021.
In March 2022, HeartBeam, Inc. signed a Business Associate Agreement (BAA) and Clinical Trial Agreement (CTA) with Phoebe Putney Health System in order to run a pilot study on their ED Myocardial Infarction (MI) software product.
The rising Data sharing and trustworthiness drive market CAGR for emergency department information systems. It guarantees effective operation, interface, and correct incorporation of fresh information systems. The system in question is a collective effort to manage the process and collect the necessary particular data. The emerging and established world economies are focused on improving healthcare systems by allocating budgetary resources and investing in development and research.
Additionally, the population is growing rapidly, which increases the demand for various hospitals. Furthermore, there is an increasing need for technology that aids in data driving. Because of numerous health issues and volatility, the ED Information Systems Marketplace for health insurance is expanding. These will be excellent market prospects in the future. The EDIS industry has connected and interacted with past technologies within healthcare facilities and data-gathering systems. These methods include applying pulse-checking devices, automatic monitoring indicators, heart rate tracking, and much more. There are several benefits to using the agency's database. These include data sharing and dependability, portability and scalability, and interoperability, all contributing to the worldwide market's growth.
The spread of the new coronavirus has harmed the development, production of goods, and management units of many businesses and caused the world's rising economies to doubt their medical systems. Many countries throughout the world underwent both temporary and indefinite lockdowns. The shutdown and its circumstances negatively influenced several industries and, as a result, the financial system. As a result of expansion and a lack of adequate medications and processes, government intervention plays a significant role in raising the cost of healthcare. Furthermore, the government is adjusting to using data technology, such as the emergency department information system industry.
For instance, as per UNs' World Population Prospects, there were 962 million persons over 60 in 2017. This represents around 13% of the population that requires ED visits, hospital technology, and other services. Thus, demand for Emergency Department Information Systems is anticipated to increase throughout the projected timeframe due to the rising Data sharing and trustworthiness. Thus, driving the Emergency Department Information System market revenue.
The Emergency Department Information System market segmentation, based on components, includes Software, Services, and Hardware. Services dominated the market, accounting for 42% of market revenue (USD 0.1 Billion) in 2022 because it is utilized by rescue teams to track patients in critical care departments and assist with other areas of the ED workflow is known as an emergency room information system (EDIS).
The Emergency Department Information System market segmentation, based on Delivery Modes, includes Software-as-a-Services (SaaS) and On-Premises. The software-as-a-services (SaaS) category generated the highest market revenue of about 63% (USD 0.2 billion) in 2022. This is primarily because the SAAS system accumulates expertise; it automatically schedules clients and amenities and provides warning alerts to certain administrative personnel.
Figure 1 Emergency Department Information System Market, by Delivery Mode, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Emergency Department Information System market segmentation, based on application, includes Clinical Functionality, Patient Entry, Clinical Documentation, CPOE, and Result Reporting. The CPOE segment dominated the market, accounting for 39% of market revenue (USD 0.1 Billion) in 2022. It is a piece of software that aids in entering medical prescriptions into computer networks in outpatient and hospital settings.
Emergency Department Information System Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Emergency Department Information System market will dominate during the projected timeframe, owing to the significant surge in producers, population growth, government sectors offering significant assistance, and the expansion of the healthcare industry, which will boost the market growth in the North American area.
Furthermore, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 Emergency Department Information System Market Share by Region 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Emergency Department Information System market accounts for the second-highest market share as There has been a significant advancement in the technology employed in the healthcare industry. Further, the German Emergency Department Information System market holds the largest market share, and the UK Emergency Department Information System market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Emergency Department Information System Market is expected to grow quickly during the projected timeframe. The fast expansion of institutions and the swift shifts that are taking place in the health industry. In addition, hospitals are heavily utilizing IT specialists in the healthcare sectors, which are approaching enormous prospects supporting worldwide market expansion. Moreover, China’s Emergency Department Information System market dominates the market share, and the Indian Emergency Department Information System market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Emergency Department Information System Key Market Players & Competitive Insights
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Emergency Department Information System market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Emergency Department Information System industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Emergency Department Information System industry to benefit customers and capture untapped market share and revenue. The Emergency Department Information System industry has recently offered significant advantages to the Healthcare IT industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially.
Major players in the Emergency Department Information System market, including Allscripts Healthcare Solutions Inc. (US), MEDHOST (US), Optuminsight Inc., NextGen Healthcare, Siemens AG (US), T-System Inc (Germany), Epic Systems Corporation, Well Corporation (US), Medical Information Technology, Cerner Corporation (US), Meditech (US), Mckesson Corporation (US) are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
HeartBeam, Inc. is a medical technology firm that primarily develops and commercializes ambulatory ECG systems for identifying and monitoring heart illness both within and outside of a healthcare institution environment. They announced a Business Associate Contract and a Clinical Trial Arrangement (CTA) with Phoebe Putney Healthcare System in March 2022 to perform a trial to test HeartBeam's ED Myocardial Infarction (MI) technology solution.
Aidoc is a developer of artificial intelligence (AI) medical devices that enable physicians to improve patient care and save costs. It will join forces with Novant Health in January 2022. Novant Health has taken proactive measures to enhance patient satisfaction while lowering the emergency room's length of stay through the use of Aidoc's AI system, which consists of seven FDA-cleared techniques for evaluation and announcement for individuals with severe illnesses.
Key Companies in the Emergency Department Information System market include
Emergency Department Information System Industry Developments
March 2022: HeartBeam, Inc. announced a Business Associate Contract and a Clinical Trial Arrangement (CTA) with Phoebe Putney Healthcare System in March 2022 to perform a trial to test HeartBeam's ED Myocardial Infarction (MI) technology solution.
January 2022: Aidoc will join forces with Novant Health in January 2022. Novant Health has taken proactive measures to enhance patient satisfaction while lowering the emergency room's length of stay through the use of Aidoc's AI system, which consists of seven FDA-cleared techniques for evaluation and announcement for individuals with severe illnesses.
In September 2015: Mediamed Technologies was bought by Logicbec, a business analytics and performance evaluation supplier, in September 2015. There are additional software programs that are widely used in the healthcare business.
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