by Emergency room triage is a process used in emergency medical services to determine the priority of patients’ treatments based on the severity of their condition or potential risks. Triage systems categorize patients into color-coded groups from red to green, with red being the most urgent and life-threatening conditions to green being the least urgent. This allows medical staff to treat the most critical patients first. The global emergency care delivery system has faced issues like long waiting times and overcrowding in emergency rooms. An effective triage process helps address these challenges by segregating patients according to acuity levels and directing them to the next appropriate point of care. This streamlines emergency care delivery and ensures patients with severe or life-threatening conditions are identified and prioritized.
The global Emergency Room Triage Market is estimated to be valued at US$ 3.1 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends gaining traction in the emergency room triage market is the integration of digital technologies like AI and big data analytics. AI is helping automate some triage tasks by analyzing patients’ information such as vitals, symptoms, medical history etc. This aids in improving triage accuracy and consistency. AI triage tools use machine learning algorithms to identify patterns in historical patient data and give a recommended triage level. Some tools also use computer vision to monitor patients remotely. Big data analytics is allowing providers to gain valuable insights into their triage processes, resource allocation and outcomes. This data-driven approach helps optimize clinical workflows and prioritization strategies. As the volume of healthcare data increases, integration of digital technologies will continue transforming emergency triage globally.
Porter’s Analysis
Threat of new entrants: The Global Emergency Room Triage Market Size has moderate barriers for new entrants due to high capital requirements and regulations. However, advancements in telemedicine are lowering these barriers.
Bargaining power of buyers: Individual patients have low bargaining power but large healthcare provider networks can negotiate with suppliers to reduce costs.
Bargaining power of suppliers: A few large companies dominate the emergency room triage equipment supply market, giving them significant bargaining power over buyers.
Threat of new substitutes: There are currently no cost-effective substitutes that can provide triage functionality in emergency rooms. However, telemedicine is emerging as a complementary option.
Competitive rivalry: The emergency room triage market has few dominant players resulting in high competitive rivalry. Companies compete based on technology, services and pricing.
Key Takeaways
The global emergency room triage market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America dominates the market currently due to rise in emergency cases and presence of advanced healthcare facilities. Asia Pacific is expected to grow at the fastest pace owing to increasing investments by key players and rising healthcare expenditure in countries like China and India.
Key players: Key players operating in the emergency room triage market are Novartis AG, Gilead Sciences, Inc., Castle Creek Biosciences, Inc., Lineage Cell Therapeutics, Inc., Transgene SA, Cellectis, ImmunityBio, Inc., Sorrento Therapeutics, bluebird bio, Inc., Arcellx, Sana Biotechnology, Inc., Biodesix, Inc, and Laurus Labs. Novartis AG is a leader in triage equipment supply while Gilead Sciences is a major player in developing new diagnostic solutions for efficient triage.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
