April 21, 2024
Emergency Room Triage Market

The Global Emergency Room Triage Market Driven By Rising Incidences Of Trauma Injuries Is Estimated To Reach US$ 16 Billion In 2023

Triage is the process of determining the priority of patients’ treatments based on the severity of their condition or likelihood of recovery with and without treatment. It enables emergency medical service providers and hospitals to treat the most urgent cases first. As the name indicates, emergency room triage involves sorting patients in the emergency department based on their need for immediate medical treatment. Victims of trauma injuries such as falls, burns, traffic accidents, or violence injuries often require emergency medical assistance and assessment to determine priorities and optimal treatment protocols. Furthermore, emergency triage tools help medical staff document patient details quickly, streamline the intake process, and choose the most suitable treatment pathways to improve outcomes.

The global Emergency Room Triage Market is estimated to be valued at US$ 16 Billion in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the Global Emergency Room Triage Market Size is the growing adoption of electronic triage tools. Electronic triage tools allow real-time data entry and streamline the triage workflow. They help evaluate patients faster using integrated clinical decision support algorithms. Some electronic triage solutions also enable remote clinical support for primary triage personnel via telehealth integration. This enhances on-site triage accuracy and efficiency. Major emergency healthcare providers are increasingly implementing telehealth-enabled digital triage systems combined with artificial intelligence and machine learning capabilities to prioritize patients objectively. Such advanced digital triage solutions help manage patient surge during emergencies and public health crises more effectively.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as significant capital is required to enter this market. Additionally, established brands have strong brand recognition and distribution channels.

Bargaining power of buyers: The bargaining power of buyers is high due to the availability of various treatment options. Buyers can negotiate on price and easily switch between providers.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers of equipment and technology. However, switching costs are high for hospitals to change suppliers.

Threat of new substitutes: The threat of new substitutes is low as there are limited treatment options for emergency medical conditions.

Competitive rivalry: The competitive rivalry is high due to the presence of many regional and global players competing on technology, pricing, and services.

Key Takeaways

The global Emergency Room Triage Market is expected to witness high growth. North America holds the largest share of the market currently due to presence of advanced healthcare facilities and high healthcare spending. Asia Pacific is expected to grow at the fastest pace over the forecast period due to increasing incidences of accidents and chronic diseases.

Regional analysis: North America dominates the Emergency Room Triage Market currently primarily due to the advanced healthcare infrastructure and favorable reimbursement policies for triage services. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to increasing healthcare expenditure and rising cases of chronic and infectious diseases.

Key players: Key players operating in the Emergency Room Triage Market are Envision Healthcare Corporation, AMCH Emergency Room Triage, Epic Systems Corporation, ESRI Life, Kayentis.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it