Report : Europe Emergency Medical Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product [Early Warning and Vulnerability Alert System (EWVAS), EMS Computer Aided Dispatch (CAD) System, Incident Response Software, Ambulance Management Software, and Others)], Mode of Delivery [On Premises and SaaS (Software as a Service)], Platform (Android, iOS, Windows, and Others), and End User (Commercial, Municipal, and State City Agencies)
The Windows segment by platform is estimated to lead the market growth during the forecast period.
According to a new market research study of “Europe Emergency Medical Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product, Mode of Delivery, Platform, End User and Country.” The Europe emergency medical software market is expected to reach US$ 654.92 million by 2028 from US$ 332.21 million in 2021; it is estimated to grow at a CAGR of 10.2% from 2021 to 2028. The report highlights trends prevailing in the Europe emergency medical software market and the factors driving market along with those that act as hindrances.
Increased usage of high-tech products and a rise in investments in emergency medical software by private players are leading to significant future trends in the emergency medical software market. In June 2019, Logis Solutions announced the launch of Logis billing, new automated billing software for emergency service providers, to improve effectiveness and an organization's net income by automating standard billing work, reducing touchpoints from billers, offering an accurate time view of data, and moving organizational billing into a single system. Similarly, in February 2020, GE Healthcare announced the introduction of a new cybersecurity service offering that merges medical device specialists, artificial intelligence, and process management tools to help hospitals fight against cybersecurity threats. The company launched this new solution called Skeye, which augments the hospital's existing resources and capabilities by offering proactive monitoring through a remote security operations center (SOC). This will further help them detect, analyze, and respond to cybersecurity threats and attacks in real-time.
The healthcare expenditure is anticipated to grow due to the increasingly aging population, improving lifestyle, and rising per capita disposable income. Healthcare expenditure per person is higher for people aged 60 years and above than those between 15 and 30 years. The global geriatric population is significantly increasing at an unprecedented rate, which has boosted life expectancy and increased the presence of multiple illnesses (physical or mental) in a person. As healthcare expenditure is rising in low and middle-income countries, it has further helped overcome the challenges of poor accessibility and affordability. Increased healthcare expenditure provided better access to emergency departments and encouraged emergency medical software service providers to invest in research & development and innovations. According to the WHO 2020 report, global healthcare spending rose from 2000 to 2019 and reached US$ 8.3 trillion or 10% of global GDP. This is one of the significant factors fueling the emergency medical software market growth globally over the coming forecast period.
Based on product, the Europe emergency medical software market has been segmented into early warning and vulnerability alert system, EMS computer aided dispatch system, incident response software, ambulance management software, and others. In terms of mode of delivery, the market is segmented into on premise and software-as-a-service (SaaS). Based on platform, the market is categorized into Windows, Android, iOS, and others. In terms of end user, the market is segmented into commercial, state city agencies, municipal, and others. Geographically, the Europe emergency medical software market is divided into Germany, Spain, France, Italy, the UK, and the Rest of Europe.
Quark Software, Trapeze Group, Cerner Corporation, GE Healthcare, and EMIS Health are among the leading companies operating in the Europe emergency medical software market.
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