Clinical Decision Support Systems (CDSS) Market Worth About USD 791.25 million By 2025
What is a clinical decision support
system?
A clinical decision support system is
a health information technology system that is designed to provide physicians
and other health professionals with clinical decision support, that is,
assistance with clinical decision-making tasks.
Global
ClinicalDecision Support Systems Market is expected to reach USD 791.25 million
by 2024. Clinical Decision Support System is also termed, as CDSS is an
application that recognizes data to support healthcare providers make clinical
decisions. It is a version of the decision support system exclusively used to
support business management. To prepare a diagnosis and evaluation of the
diagnosis as a means of refining the concluding result. The Clinical Decision
Support System (CDSS) Market is estimated to grow at a significant CAGR of 6.7%
over the future period as the scope and its applications are rising enormously
across the globe.
The
increasing government initiatives, growing aging population, acceptance of HCIT
solutions in healthcare, and growing number of people suffering from chronic
diseases are documented as major factors of clinical decision support systems
industry that are estimated to enhance the growth in the years to come.
However, saturated end-user market and lack of skilled personnel are the
factors that may restrain overall market growth in the forecast period.
Clinical Decision Support System industry is segmented based on types, product
types, delivery mode, components, user inactivity, application, and region.
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Diagnostics
CDSS and Standalone CDSS are the types that could be explored in Clinical
Decision Support System in the years to come. There are various product types
of Clinical Decision Support System that could be explored in forecast period
are Integrated CDSS with CPOE & E.H.R., Standalone CDSS, Integrated E.H.R.
with CDSS, Integrated CPOE with CDSS, and others. Clinical Decision Support
System integrated with CPOE segment accounts for the largest market share of
overall market and is estimated to lead the market in the coming years.
Moreover, it is estimated to grow at highest CAGR in the upcoming years. This
may be because of, acceptance of computerized prescription patterns in
developed regions.
The
market is categorized based on delivery mode like On-Premises Delivery, Web Delivery,
Cloud Delivery, and others. On-premises mode is exclusively preferred due to
information safety and privacy issues. It is estimated to lead the overall
market in the years to come. Also, cloud-based delivery segment is estimated to
grow at highest CAGR in the upcoming years.
The
software sector is at topmost position due to the need for intervallic software
upgradation. However, Services and Hardware are other components that could be
explored in Clinical Decision Support System in the future period. The services
may include Post-sale and Maintenance Services, Consulting Services, Training
and Education Services, and Ongoing IT support and Implementation Services.
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Passive
CDSS and Active CDSS are the user interactivity that could be explored in Clinical
Decision Support System in the upcoming years. Also, the market is categorized
based on applications like Drug Dosing Support, Drug-Drug Interactions,
Clinical Guidelines, Drug Allergy Alerts, Clinical Reminders, and others. The
drug allergy alerts sector is estimated to lead the overall market in the
foremost period. However, drug dosing support and drug-drug interactions follow
suit.
Globally,
North America accounts for the largest market share of Clinical Decision
Support System and is estimated to remain dominant in the years to come. The
reason behind the growth of market in this region could be, rising importance
on quality of healthcare services, technological enhancement, and presence of
reimbursement policies. The United States may be a major consumer of Clinical
Decision Support System in this region in forecast period. Instead, Europe and
the Asia Pacific are also estimated to have a positive influence on the future
growth.
However,
Asia Pacific is estimated to grow at fastest pace with the highest CAGR of 7.8%
in the years to come. The aspects that may be ascribed to the growth comprise,
increasing investments in the healthcare sector in countries like Singapore,
Australia, India, and China. In addition, developing countries like India and China
are the major consumers of Clinical Decision Support System in this region.
The
key players of Clinical Decision Support System Market are Siemens Healthcare,
EPIC Systems Corporation Inc., Phillips Healthcare, International Business
Machines (IBM), Cerner Corporation, Elsevier B.V., McKesson Corporation, Zynx
Health, Medical Information Technology, Inc., Wolters Kluwer Health, and
Allscripts Healthcare Solutions. These players are concentrating on inorganic
growth to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
Continued……………..
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