Clinical Decision Support Systems Market: Global Industry Analysis and Forecast (2021-2027), Technology Trends

Clinical Decision Support Systems Market size was valued at US$ 1.20 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 9.7% through 2021 to 2027, reaching nearly US$ 2.29 Bn.

Clinical Decision Support Systems Market Overview:

A clinical decision support system's goal is to assist healthcare providers by allowing them to analyse patient data and use that information to help them formulate a diagnosis. A clinical decision support system provides physicians and primary care providers with information to help them improve the quality of care they provide to their patients. Advanced CDSS, and Conventional CDSS are the types of the application of the clinical decision support systems. Integrated CDSS, and Standalone CDSS are the product types of the clinical decision support systems. Knowledge based, and Non-Knowledge based are the types of the model of the clinical decision support systems. Clinical Decision Support Systems Market To know about the Research Methodology:- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Clinical Decision Support Systems Market Dynamics:

A medication error is a surprising failure in the drug treatment process that can have a negative impact on patients' health. Prescription errors, dispensing errors, storage errors, preparation errors, and administration errors are the most common preventable causes of unwanted adverse outcomes, and they pose a significant public health threat. Patients and healthcare providers will receive better care if they have access to complete and accurate EHRs that have a complete patient illness history. Such records can help doctors make better diagnoses, avoid mistakes, save time, and even shorten patient wait times. For hospitals and clinicians to provide quality treatment, CDSS and its accompanying technologies must be implemented and used successfully, which is hastening their acceptance around the world. Clinical decision support systems (CDSS) offers plenty of benefits such as patient safety, cost containment, administrative functions, diagnostics support, patient-facing decision support, clinical management, and so on. The growing need for lower healthcare costs, the need to improve the quality of service, and technical improvements in healthcare IT in hospitals are all expected to drive the clinical decision support systems (CDSS) market growth during the forecast period 2021-2027. Besides, according to the Organization for Economic Co-operation and Development (OECD) survey report, Switzerland's average per capita health spending in 2018 was USD 7,317, Norway's was USD 6,187, and Australia's was USD 5,005. Because of the high cost of healthcare around the world, the growing demand to cut costs has a beneficial impact on the industry. However, while CDSS are still in the early stages of development, a lack of faith in the systems, a scarcity of trained labour, and CDSS recommendations for superfluous diagnostic tests restrains the market growth during the forecast period 2021-2027. Clinical Decision Support Systems Market 1

Clinical Decision Support Systems Market Segment Analysis:

Based on the Product, the market is segmented into Integrated CDSS, and Standalone CDSS. Standalone CDSS segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is due to its low cost and simplicity. The segment's rise has been aided by its ease of usage in hospitals and clinical settings. CDSS products can be used independently or in conjunction with an EHR or CPOE, or both. During the forecast period 2021-2027, the integrated EHR with CDSS segment is expected to grow at a healthy rate. The growing use of EHR by multi-specialty health care units is expected to have an impact on the segment's growth. When CDS systems are coupled with EHR, CDSS receives the patient's database and history, allowing it to deliver clinical solutions and prescription recommendations to the practitioner, thereby automating the clinical workflow. CDSS and EHRs are frequently connected to improve workflows and make better use of existing data sets. The number of CDSS functions included into EHR systems is growing, which is expected to boost the segment's growth. Clinical Decision Support Systems Market 2 Based on the Delivery Mode, the market is segmented into On Premise, and Cloud based. Cloud based segment is expected to hold the largest market share of xx% by 2027. The rise of the cloud-based segment of the CDSS market is being driven by rising healthcare spending and the adoption of cloud computing. Nearly 95% of businesses use cloud-based applications. Different suppliers offer different hardware for electronic medical record (EMR) systems. As a result, creating a standard CDSS programme that can function on a variety of EMR systems is a huge undertaking. CDSS local knowledge management may necessitate a significant amount of processing power and storage capacity, resulting in high running expenses. Cloud-based programmes, on the other hand, are run on remote servers and do not require a lot of processing power or storage space on the user's device to run. Based on the Model, the market is segmented into Knowledge based, and Non-Knowledge based. Knowledge based segment is expected to grow rapidly at a CAGR of 10.2% during the forecast period 2021-2027. The substantial share and rapid growth of this market can be ascribed to the many useful features of knowledge-based CDSS, such as assisting physicians in making clinical decisions in the face of uncertainty using knowledge-based reasoning. In comparison to non-knowledge-based systems, these systems may be integrated into clinical workflows and are less prone to errors.

Clinical Decision Support Systems Market Regional Insights:

North America dominates the Global Clinical Decision Support Systems market during the forecast period 2021-2027. North America is expected to hold the largest market shares of xx% by 2027. The clinical decision support systems (CDSS) market in North America is driven by technological advancements in CDSS, increased patient awareness, and rising investments in healthcare IT solutions in the region, all of which are expected to drives the market growth during the forecast period 2021-2027. According to the Centers for Condition Control and Prevention (CDC), 6 out of 10 Americans had at least one chronic disease such as heart disease, stroke, cancer, or diabetes in 2019. Chronic diseases are the primary causes of death and disability in the United States, as well as a major contributor to healthcare spending. Besides, according to a study report published by the Organization for Economic Co-operation and Development (OECD), the average per capita health expenditure in 2019 is expected to be $1,500. Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The CDSS market in Asia is expected to grow due to factors such as a large geriatric population, improved government laws, a high burden of chronic diseases, and an increasing focus of various industry players on emerging Asian countries.

Competitive Landscape:

Cerner Corporation dominates the Clinical Decision Support Systems Market Clinical Decision Support Systems Market 3 Cerner Corporation annual revenue was reached at US$ 5,505.8 Million in 2020 and is expected to dominate the Clinical Decision Support Systems market during the forecast period 2021-2027. Cerner is a multinational corporation established in the United States that provides medical offices, long-term care institutions, retail pharmacies, and laboratories with software, services, devices, and hardware. In Cerner Corporation, there are 26,400 employees are available in 2020. In Cerner Corporation, there are 56 health system member organizations, 991 settings of care, 22,000 plus hospital beds, and 26,000 plus affiliated physicians. The headquarters of the Cerner Corporation is in North Kansas City, Missouri, United States. Clinical Decision Support Systems Market 4 The objective of the report is to present a comprehensive analysis of the Global Clinical Decision Support Systems Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Clinical Decision Support Systems Market dynamic, structure by analyzing the market segments and project the Global Clinical Decision Support Systems Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Clinical Decision Support Systems Market make the report investor’s guide.

Clinical Decision Support Systems Market Scope: Inquire before buying

Clinical Decision Support Systems Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 1.20 Bn.
Forecast Period 2021 to 2027 CAGR: 9.7% Market Size in 2027: US $ 2.29 Bn.
Segments Covered: by Product • Integrated CDSS • Standalone CDSS
by Delivery Mode • On-Premise • Cloud-based
by Model • Knowledge-based • Non-Knowledge based
by Type • Therapeutic • Diagnostic
by Component • Services • Software • Hardware
by Application • Advanced CDSS • Conventional CDSS
by Level of Interactivity • Active CDSS • Passive CDSS
by Settings • In Patient • Ambulatory care settings

Clinical Decision Support Systems Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Clinical Decision Support Systems Market Key Players

• GE Healthcare • Optum, Inc. • Truven Health Analytics • First Databank, Inc. • Allscripts Healthcare Solutions • IBM • Elsevier B.V. • Hearst Health • Wolters Kluwer Health • Philips Healthcare • Meditech • Epic Systems • Mckesson • Cerner • NextGen Healthcare Information System LLC • Siemens Healthcare GmbH • Medical Information Technology, Inc. • Hearst Communications, Inc. • National Decision Support Company • Zynx Health Incorporated • VisualDx • EBSCO Industries, Inc.

Frequently Asked Questions:

1] What segments are covered in Clinical Decision Support Systems Market report? Ans. The segments covered in Clinical Decision Support Systems Market report are based on Product, Delivery Mode, Model, Type, Component, Application, Level of Integrity, and Settings. 2] Which region is expected to hold the highest share in the Clinical Decision Support Systems Market? Ans. North America is expected to hold the highest share in the Clinical Decision Support Systems Market. 3] Who are the top key players in the Clinical Decision Support Systems Market? Ans. Cerner, Epic, Meditech, Wolters Kluwer Health, Zynx Health, and IBM are the top key players in the Clinical Decision Support Systems Market. 4] Which segment holds the largest market share in the Clinical Decision Support Systems market by 2027? Ans. Cloud Based Delivery Mode segment hold the largest market share in the Clinical Decision Support Systems market by 2027. 5] What is the market size of the Clinical Decision Support Systems market by 2027? Ans. The market size of the Clinical Decision Support Systems market is US $2.29 Bn. by 2027. 6] What was the market size of the Clinical Decision Support Systems market in 2020? Ans. The market size of the Clinical Decision Support Systems market was worth US $1.20 Bn. in 2020.
1. Global Clinical Decision Support Systems Market: Research Methodology 2. Global Clinical Decision Support Systems Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Clinical Decision Support Systems Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Clinical Decision Support Systems Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Clinical Decision Support Systems Market Segmentation 4.1 Global Clinical Decision Support Systems Market, by Product (2020-2027) • Integrated CDSS • Standalone CDSS 4.2 Global Clinical Decision Support Systems Market, by Delivery Mode (2020-2027) • On Premise • Cloud based 4.3 Global Clinical Decision Support Systems Market, by Model (2020-2027) • Knowledge based • Non-Knowledge based 4.4 Global Clinical Decision Support Systems Market, by Type (2020-2027) • Therapeutic • Diagnostic 4.5 Global Clinical Decision Support Systems Market, by Component (2020-2027) • Services • Software • Hardware 4.6 Global Clinical Decision Support Systems Market, by Application (2020-2027) • Advanced CDSS • Conventional CDSS 4.7 Global Clinical Decision Support Systems Market, by Level of Interactivity (2020-2027) • Active CDSS • Passive CDSS 4.8 Global Clinical Decision Support Systems Market, by Settings (2020-2027) • In Patient • Ambulatory care settings 5. North America Clinical Decision Support Systems Market (2020-2027) 5.1 Global Clinical Decision Support Systems Market, by Product (2020-2027) • Integrated CDSS • Standalone CDSS 5.2 Global Clinical Decision Support Systems Market, by Delivery Mode (2020-2027) • On Premise • Cloud based 5.3 Global Clinical Decision Support Systems Market, by Model (2020-2027) • Knowledge based • Non-Knowledge based 5.4 Global Clinical Decision Support Systems Market, by Type (2020-2027) • Therapeutic • Diagnostic 5.5 Global Clinical Decision Support Systems Market, by Component (2020-2027) • Services • Software • Hardware 5.6 Global Clinical Decision Support Systems Market, by Application (2020-2027) • Advanced CDSS • Conventional CDSS 5.7 Global Clinical Decision Support Systems Market, by Level of Interactivity (2020-2027) • Active CDSS • Passive CDSS 5.8 Global Clinical Decision Support Systems Market, by Settings (2020-2027) • In Patient • Ambulatory care settings 5.9 North America Clinical Decision Support Systems Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Clinical Decision Support Systems Market (2020-2027) 6.1. Asia Pacific Clinical Decision Support Systems Market, by Product (2020-2027) 6.2. Asia Pacific Clinical Decision Support Systems Market, by Delivery Mode (2020-2027) 6.3. Asia Pacific Clinical Decision Support Systems Market, by Model (2020-2027) 6.4. Asia Pacific Clinical Decision Support Systems Market, by Type (2020-2027) 6.5. Asia Pacific Clinical Decision Support Systems Market, by Component (2020-2027) 6.6. Asia Pacific Clinical Decision Support Systems Market, by Application (2020-2027) 6.7. Asia Pacific Clinical Decision Support Systems Market, by Level of Interactivity (2020-2027) 6.8. Asia Pacific Clinical Decision Support Systems Market, by Settings (2020-2027) 6.9. Asia Pacific Clinical Decision Support Systems Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Clinical Decision Support Systems Market (2020-2027) 7.1 Middle East and Africa Clinical Decision Support Systems Market, by Product (2020-2027) 7.2. Middle East and Africa Clinical Decision Support Systems Market, by Delivery Mode (2020-2027) 7.3. Middle East and Africa Clinical Decision Support Systems Market, by Model (2020-2027) 7.4. Middle East and Africa Clinical Decision Support Systems Market, by Type (2020-2027) 7.5. Middle East and Africa Clinical Decision Support Systems Market, by Component (2020-2027) 7.6. Middle East and Africa Clinical Decision Support Systems Market, by Application (2020-2027) 7.7. Middle East and Africa Clinical Decision Support Systems Market, by Level of Interactivity (2020-2027) 7.8. Middle East and Africa Clinical Decision Support Systems Market, by Settings (2020-2027) 7.9. Middle East and Africa Clinical Decision Support Systems Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Clinical Decision Support Systems Market (2020-2027) 8.1. Latin America Clinical Decision Support Systems Market, by Product (2020-2027) 8.2. Latin America Clinical Decision Support Systems Market, by Delivery Mode (2020-2027) 8.3. Latin America Clinical Decision Support Systems Market, by Model (2020-2027) 8.4. Latin America Clinical Decision Support Systems Market, by Type (2020-2027) 8.5. Latin America Clinical Decision Support Systems Market, by Component (2020-2027) 8.6. Latin America Clinical Decision Support Systems Market, by Application (2020-2027) 8.7. Latin America Clinical Decision Support Systems Market, by Level of Interactivity (2020-2027) 8.8. Latin America Clinical Decision Support Systems Market, by Settings (2020-2027) 8.9. Latin America Clinical Decision Support Systems Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Clinical Decision Support Systems Market (2020-2027) 9.1. European Clinical Decision Support Systems Market, by Product (2020-2027) 9.2. European Clinical Decision Support Systems Market, by Delivery Mode (2020-2027) 9.3. European Clinical Decision Support Systems Market, by Model (2020-2027) 9.4. European Clinical Decision Support Systems Market, by Type (2020-2027) 9.5. European Clinical Decision Support Systems Market, by Component (2020-2027) 9.6. European Clinical Decision Support Systems Market, by Application (2020-2027) 9.7. European Clinical Decision Support Systems Market, by Level of Interactivity (2020-2027) 9.8. European Clinical Decision Support Systems Market, by Settings (2020-2027) 9.9. European Clinical Decision Support Systems Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. GE Healthcare 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Optum, Inc. 10.3. Truven Health Analytics 10.4. First Databank, Inc. 10.5. Allscripts Healthcare Solutions 10.6. IBM 10.7. Elsevier B.V. 10.8. Hearst Health 10.9. Wolters Kluwer Health 10.10. Philips Healthcare 10.11. Meditech 10.12. Epic Systems 10.13. Mckesson 10.14. Cerner 10.15. NextGen Healthcare Information System LLC 10.16. Siemens Healthcare GmbH 10.17. Medical Information Technology, Inc. 10.18. Hearst Communications, Inc. 10.19. National Decision Support Company 10.20. Zynx Health Incorporated 10.21. VisualDx 10.22. EBSCO Industries, Inc.

About This Report

Report ID 6614
Category Information Technology & Telecommunication
Published Date Nov 2019
Updated Date Jan 2022
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