Report : South America Emergency Department Information System (EDIS) Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Best-of-Breed Solutions and Enterprise Solutions), Application (Order Entry, Clinical Documentation, Patient Tracking, E-Prescribing, and Others), and End User (Small Hospitals, Medium-Sized Hospitals, and Large Hospitals)
At 12.6% CAGR, the South America Emergency Department Information System (EDIS) Market is speculated to be worth US$ 75.64 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America emergency department information system (EDIS) market was valued at US$ 37.15 million in 2022 and is expected to reach US$ 75.64 million by 2028, registering a CAGR of 12.6% from 2022 to 2028. Progress in digitalization of healthcare services and emergence of cloud-based EDIS services are the critical factors attributed to the South America emergency department information system (EDIS) market expansion.
The use of cloud-based healthcare information services to increase the cost-efficiency of care services is gaining traction among healthcare providers, due to an increased focus on patient-centered health services and system interoperability. Cloud computing has become an "emerging paradigm" in the field of information technology for scalable, internet-based, real-time applications and resources to satisfy end users' needs. Cloud-based healthcare applications that are meant to serve patients in emergency conditions involve centralized cloud databases that are fed with individuals' medical history mentioned in a single summarized document. In case of any accident or emergency, the patient's previous medical history can be retrieved from the cloud database before starting any crucial operation. Such systems can also be integrated with state-owned unique identification number systems. So, emergence of cloud-based EDIS services is expected to surge the South America emergency department information system (EDIS) market in coming years.
On the contrary, need for huge investments and lack of skilled healthcare IT professionals hurdles the growth of South America emergency department information system (EDIS) market.
Based on type, the South America emergency department information system (EDIS) market is bifurcated into best-of-breed solutions and enterprise solutions. The best-of-breed solutions segment held 62.4% market share in 2022, amassing US$ 23.19 million. It is projected to garner US$ 47.43 million by 2028 to expand at 12.7% CAGR during 2022–2028.
Based on application, the South America emergency department information system (EDIS) market is segmented into order entry, clinical documentation, patient tracking, e-prescribing, and others. The order entry segment held 28.4% market share in 2022, amassing US$ 10.56 million. It is projected to garner US$ 20.97 million by 2028 to expand at 12.1% CAGR during 2022–2028.
Based on end user, the South America emergency department information system (EDIS) market is segmented into small hospitals, medium-sized hospitals, and large hospitals. The medium-sized hospitals segment held 46.0% market share in 2022, amassing US$ 17.09 million. It is projected to garner US$ 35.22 million by 2028 to expand at 12.8% CAGR during 2022–2028.
Based on country, the South America emergency department information system (EDIS) market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 52.0% market share in 2022. It was assessed at US$ 19.32 million in 2022 and is likely to hit US$ 39.15 million by 2028, exhibiting a CAGR of 12.5% during the forecast period.
Key players dominating the South America emergency department information system (EDIS) market are Cerner Corporation; Epic Systems Corporation; Picis; and Q-nomy Inc. among others.
- In July 2021, Cerner Corporation and ECRMC announced a collaboration for improving patient care.
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