According to our latest study on “Emergency Medical Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Mode of Delivery, Platform, and End User,” the market is expected to grow from US$ 1,144.91 million in 2021 to US$ 2,313.20 million by 2028; it is estimated to grow at a CAGR of 10.6% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments in the market
Emergency medical software are solutions that are used by hospitals, healthcare professionals, first responders, and paramedics to aid a coordinated effort towards providing emergency services to the public. The software tracks time, patient records, billing, and vehicle management, among other tasks for public and private emergency medical departments and organizations to streamline emergency medical efforts. Solutions include emergency warning and alert systems, computer-aided dispatch, incident response, among others. The market is segmented by product, mode of delivery, platform, end user, and geography.
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Market leaders operating in the market have undertaken various organic growth strategies in the emergency medical software market. The emergency medical software market majorly consists of the players are Quark Software, Sun Ridge Systems, Inc., Trapeze Group, Cerner Corporation, GE Healthcare, CENTRALSQUARE, Traumasoft, AngelTrack LLC, EMIS Health, MEDHOST, Epic EMS. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaboration.
As major healthcare infrastructures were focused on the treatment of COVID-19, the emergency medical software saw a major shift in demand with software solutions adapting to the requirements of the pandemic during 2020. Most market players adapted their operations to aid the COVID-19 response at various levels of the healthcare infrastructure, including hospitals, paramedics, and emergency medical service agencies, by providing better training and awareness in the pandemic response among responders and the public alike. For instance, in Italy, GINA software partnered with Beta 80 on the First RESPonse project to aid the citizens; healthcare professionals, such as ambulances dispatchers and first responders; and hospitals to deal with the challenges of the COVID-19 outbreak causing increased workload on ambulances and premedical services, which needed better coordination during the pandemic. The project comprised COVID-19 first responders field software (for tablets in ambulances), situation dashboard (management tool), Where Are U app upgrade (public awareness tool), and integration to the emergency control room in Italy. Another application of emergency medical software was to develop scores for patient monitoring in hospitals, which aided in better patient management through early warning scores. A common instance is GE Healthcare’s Early Warning Score that is used in GE B105/B125 patient monitor for COVID-19 patients to determine the patient health and place their cases according to the patient condition. These instances show an increased use of emergency medical software for management of COVID-19 patients, which drives the growth of the emergency medical software market.
Below is the list of the growth strategies done by the players operating in the emergency medical software market:
|Month & Year
|EMIS Health announced that it had been placed at number five in the Business Cloud HealthTech top 50 ranking for 2021. The HealthTech 50 focusses on companies creating tech for personal and preventative healthcare, as well as GP practice management and messaging platforms. A combination of these, decided the final ranking with EMIS being placed in fifth position.
|CentralSquare announced that it has entered into the strategic partnership with Carbyne to leverage certain aspects of Carbyne’s c-Live Universe platform — which can receive a 911 caller’s location and then enable live video chat, instant messaging and data sharing for them — to improve CentralSquare’s computer-aided dispatch (CAD) and other public safety tools,
The incident response software segment held the largest share of the market in 2021. The same segment is projected to register the highest CAGR during the forecast period. The incident response software is developed to ensure the best outcome of an ongoing emergency or incident by preparing the EMS personnel involved through directions and responses as per the incident. Also known as incident management software, the software provides medical responders with the tools to prepare for, manage, and respond to all types of situations, from mass casualty events to venue and event-specific management.
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