According to a recent analysis by Emergen Research, the market for clinical decision support systems (CDSS) worldwide is anticipated to reach USD 2,406.2 Million by 2027. The market for clinical decision support systems (CDSS) in areas including medication databases, diagnostic decision support, care plans, and disease reference, among others, is benefiting from the rising prevalence of chronic diseases around the world. A growing tendency of more patients entering hospitals as a result of the rise in chronic illness will increase the amount of data kept on hand by the hospitals. In order to handle the data effectively, a precise and error-free tool would be required; here is where clinical decision support systems (CDSS) come into action.
Any new technology or system that is introduced into the healthcare industry’s culture relies heavily on the involvement of the government. Because a clinical decision support system is a costly phenomena, the government’s financial backing and awareness-raising efforts will be crucial during the system’s initial implementation. In the end, this would lead to an improvement in the nation’s healthcare system.
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World’s Prominent Companies in Clinical Decision Support Systems (CDSS) Market: Top 10 by Revenue
McKesson Corporation
Siemens Healthineers
IBM Watson Health
Hearst
Cerner Corporation
Wolters Kluwer Health
Philips Healthcare
Elsevier B.V.
NextGen Healthcare
MEDITECH
Key inclusions of the Clinical decision support systems market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Some Key Findings from the Report:
By component, services, in terms of revenue, contributed to the clinical decision support systems largest market share of over 60.0% in 2019 and are likely to grow at a rate of 9.1% in the forecast period. The market dominance of services is attributed to the offering of services, comprising consulting, training, and maintenance, among others, on a continuous basis to the end-users such as hospitals and clinics
By product, integrated CDSS held a larger clinical decision support systems market share in 2019 and is estimated to observe a faster growth rate of 10.2% in the forecast period, owing to the widespread demand for clinical decision support system solutions with functionalities to collaborate and exchange information amongst themselves
By application, drug databases dominated the clinical decision support systems market in 2019 and are likely to grow at the fastest rate of 10.6% during the forecast period f clinical decision support systems market. Rising prevalence of allergies especially, drug allergies, is driving the demand for a clinical decision support system for recommending, dispensing, or administering a drug to reduce the medication error that may occur and lead to adverse consequences.
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Emergen Research has segmented the global clinical decision support systems (CDSS) on the basis of component, product, type, mode of delivery, level of interactivity, setting outlook, usage, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
Services
Hardware
Software
Product Outlook (Revenue, USD Million; 2017-2027)
Integrated CDSS
Standalone CDSS
Type Outlook (Revenue, USD Million; 2017-2027)
Therapeutic CDSS
Diagnostic CDSS
Mode of Delivery Outlook (Revenue, USD Million; 2017-2027)
On-Premise CDSS
Web-Based CDSS
Cloud-Based CDSS
Level of Interactivity Outlook (Revenue, USD Million; 2017-2027)
Active CDSS
Passive CDSS
Setting Outlook (Revenue, USD Million; 2017-2027)
Inpatient
Ambulatory Care
Usage Outlook (Revenue, USD Million; 2017-2027)
Knowledge-Based
Expert Laboratory Information System
Machine Learning Systems
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Some of the key questions answered in this report:
What is the size of the overall Clinical decision support systems market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities and challenges of the Clinical decision support systems market and how they are expected to impact the market?
What are the attractive investment opportunities within the Clinical decision support systems market ?
What is the Clinical decision support systems market size at the regional and country-level?
Who are the key market players and their key competitors?
What are the strategies for growth adopted by the key players in Clinical decision support systems market ?
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