Market Trends of Global Emergency Department Information System Industry
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
The Best of Breed (B.O.B.) Solutions segment is expected to garner the major share of the market by software type over the analysis period as these best-of-breed solutions provide improvements in physician productivity, diagnostic enhancements, and enhanced interoperability.
Furthermore, the presence of existing information systems such as electronic health records in most healthcare facilities is causing a paradigm shift toward best-of-breed emergency department information system software as these solutions allow for seamless integration with existing systems. Best-of-Breed solutions require minimal training, making them an excellent choice for teams that do not spend much of their time in the implementation of these solutions. They are specific to particular applications across ED departments. This is expected to drive segment growth over the forecast period.
In addition, several key market players are engaged in strategic initiatives that are significantly boosting the growth of the segment. For instance, in May 2022, Inflectra, a provider of IT Software Lifecycle Management solutions, partnered with Checkpoint Technologies, which offers best-of-breed software solutions. With SpiraPlan, Inflectra's enterprise programs, portfolio and risk management platforms, and Checkpoint's expertise in quality assurance and software testing, the partnership optimizes customer technology and solves business challenges with a commitment to software quality. Such activities by market players are expected to aid the growth of the segment.
Thus, owing to the aforesaid factors, the best-of-breed segment is expected to grow over the forecast period.
North America Region Holds the Large Market Share of Emergency Department Information System Market
North America is found to be one of the biggest markets as emergency department information systems are widely used in countries such as the United States and Canada.
The COVID-19 pandemic bolstered the use of healthcare IT services in emergency departments across the region. The outbreak heightened the need for mHealth technologies and electronic medical records to become a reality in the healthcare industry, as linked patient records, correct patient data, cybersecurity, and interoperability were prioritized. Besides, an increase in the geriatric population, who are more susceptible to chronic diseases, will lead to an increase in hospital admissions and, as a result, an increase in the demand for emergency department information systems. According to the Administration for Community Living's 2020 Profile of Older Americans, the number of people over the age of 65 years in the United States is expected to reach 80.58 million by 2040 and 94.7 million by 2060.
Furthermore, favorable government support is also contributing to the market's growth. For instance, in June 2021, the United States Office of Information and Technology revised 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). Such regulations helping the ease of access to the emergency department information system in hospitals and healthcare settings are likely to propel the growth of the market over the forecast period.
Thus, due to the rise in the adoption of healthcare IT in North America, the market is anticipated to grow over the coming years.
