Emergency Medical Software Market Key Manufacturers Development Trends and Competitive Analysis 2028

The "Emergency Medical Software Market" is projected to reach US$ 2,313.20 million by 2028 from US$ 1,144.91 million in 2021; it is estimated to grow at a CAGR of 10.6% during 2021-2028.

The report highlights trends prevailing in the market and factors driving the market growth. The emergency medical software market growth is attributed to the rising healthcare expenditure, increasing demand for software deployment, and growing demand for rapid and quality medical care. However, the lack of skilled professionals hampers the growth of the market.

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Companies Profiled in this report includes:

• Quark Software
• Sun Ridge Systems, Inc.
• Trapeze Group
• Cerner Corporation
• GE Healthcare
• CENTRALSQUARE
• Traumasoft
• AngelTrack LLC
• EMIS Health
• MEDHOST
• Epic EMS

Healthcare expenditure is anticipated to grow due to the increasingly aging population, improvement in lifestyle, and rising per capita disposable income. The healthcare expenditure per person is higher for people aged 60 years and above compared to 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 the 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 across the globe over the coming forecast period.

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Emergency Medical Software Market Segmentation:

By Product:
• Early Warning and Vulnerability Alert System (EWVAS)
• EMS Computer Aided Dispatch (CAD) System
• Incident Response Software
• Ambulance Management Software
• Others

By Mode of Delivery:
• On-Premise
• Software-as-a-Service (SaaS)

By Platform:
• Windows
• Android
• iOS

The COVID-19 pandemic has created both a public health crisis and an economic crisis. The pandemic adversely affected an unbelievable percentage of the population since the first quarter of 2020. The regions saw a very high demand for emergency medical services and software owing to the high number of COVID-19 cases. Various studies and statistics showed one of the highest numbers of emergency medical services (EMS) activation in 2020 and 2021. Also, the incidence of cardiac arrest activations increased during the pandemic. With a large section of the first respondents and EMS personnel involved in the care of COVID-19 patients, the demand for robust technologies increased.

Various organic and inorganic developments have been adopted by the companies in the emergency medical software market. Many companies focus on organic strategies, such as product launches and product approvals. Inorganic growth strategies witnessed in the market are acquisitions, collaboration, and partnerships. These growth strategies have aided the market players in expanding their business, contributing toward the emergency medical software market size and enhanced their geographic presence.

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