Emergency Department Information System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Emergency Department Information System Market Analysis

The Global Emergency Department Information System Market size is estimated at USD 1.03 billion in 2024, and is expected to reach USD 2.01 billion by 2029, growing at a CAGR of 14.37% during the forecast period (2024-2029).

In response to COVID-19, health systems and government agencies around the world heavily relied on emergency department information systems (EDIS). Rapid case identification and appropriate triage were aided by technology-based screening tools. The use of the electronic health record (EHR) to onboard frontline providers with new protocols, provide clinical decision support and improve diagnostic testing systems aided clinical care. For instance, according to the study titled " Impact of the COVID-19 pandemic on emergency department attendance and acute medical admissions" published in the BMC Emergency Medicine in November 2021, emergency department (ED) attendance dropped by 37%, medical admissions dropped by 30%, and medical bed occupancy dropped by 27% during the first wave of the pandemic. ED visits and medical admissions decreased in all age groups, with the youngest adults experiencing the greatest reductions in ED visits. Thus, the decrease in ED admissions significantly affected the adoption of emergency department information systems during the COVID-19 pandemic, hampering the market's growth rate in its initial phase.

The market for emergency department information systems is expected to grow rapidly due to the aging population, increased use of data-driven technologies, and an increase in the number of insured people. According to the World Health Organization's key facts on aging and health published in October 2021, around 1 in 6 people in the world are projected to be over the age of 60 by 2030. The number of people over the age of 60 in the world in 2020 was 1 billion, and it is projected to rise to 1.4 billion by 2030 and 2.1 billion by 2050. Increased incidences of chronic and life-threatening diseases among the elderly population will eventually lead to hospitalization. Cardiovascular disease, neurodegenerative disease, and other diseases are found to be more common in the elderly. Emergency department information systems play a critical role in hospitals as emergency departments are frequently the hospital's front door to patients. Thus, the demand for such information systems for effectively managing data and processes across ED departments of hospitals is likely to increase with the growing geriatric population and a surge in hospital admissions.

Additionally, the strategic initiatives and the launches of products are also driving the growth of the market. For instance, in December 2021, Shannon Health deployed PeraHealth's Latest Clinical Decision Support Platform and launched the "RI Triage" health system, migrating to a state-of-the-art cloud-based predictive analytics system for emergency department use. Likewise, in September 2021, Vital, an Atlanta-based artificial intelligence (AI)-powered solution company that improves patient experience and loyalty in hospital emergency departments (EDs) and inpatient stays, raised USD 15 million in Series A funding led by Transformation Capital, with existing investors First Round Capital and Threshold Ventures joining the round.

Thus, owing to the abovementioned factors, the market is expected to grow over the forecast period. However, the adverse quality and safety implications of EDIS and the lack of skilled healthcare IT professionals may hinder the growth of the market.

Emergency Department Information System Market Trends

This section covers the major market trends shaping the Emergency Department Information System Market according to our research experts:

Best of Breed (B.O.B.) Solutions are Anticipated to be the Dominant Segment in Software Type During the Forecast Period

Emergency Department Information System Industry Segmentation

As per the scope of the report, an emergency department information system is a software tool used to track and document patient records in the emergency department. It is thus found to be an effective application in the emergency department. These emergency department information systems are designed with the help of medical professionals, healthcare administrators, nurses, pharmacists, and clinicians to meet all the needs required for smooth working for the emergency department. The Emergency Department Information System Market is segmented by Application (Computerized Physician Order Entry, Clinical Documentation, Patient Tracking & Triage, E-Prescribing, and Others), Deployment (On-Premise EDIS and Software-As-A-Services (SaaS)), Software Type (Enterprise Solutions and Best of Breed (B.O.B.) Solutions), End-User(Small Hospitals, Medium, Sized Hospitals, Large Hospitals), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.