Adoption of cloud computing in healthcare, rising need for a systematic support system, and growing popularity of teleheath are some key factors expected to drive market growth.
Adoption of cloud computing in healthcare, rising need for a systematic support system, and growing popularity of teleheath are some key factors expected to drive market growth
New York, December 16, 2021 – Reports and Data has published its latest report titled “Clinical Decision Support System (CDSS) Market, By Component, By Product, By Type, By Mode of Delivery, By Level of Interactivity, By Setting, By Usage, By Application, By End-use, and By Region, Forecast to 2028”
According to the latest report by Reports and Data, the global Clinical Decision Support System (CDSS) market size was USD 1,274.2 Million in 2020 and is expected to reach USD 2,562.9 Million in 2028 and register a revenue CAGR of 8.6% during the forecast period, 2021-2028.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2121
Drivers, Restraints, and Opportunities
A clinical decision support system (CDSS) analyzes data to assist medical providers in making informed decisions and improving patient outcomes. Its goal is to assist healthcare providers by allowing them to analyze patient data and use that information to help them formulate a diagnosis, which is a key factor expected to drive revenue growth of the clinical decision support system market. CDSS offers multiple benefits to healthcare providers and patients including fewer medication errors, improved patient safety and throughput, offer reliable and consistent information, and less misdiagnosis. CDSS and other eHealth platforms can help to organize communication in a way that reduces errors and enhances coordination through video calls and chats. This helps to eliminate unnecessary visits and hospitalizations (especially during COVID-19 pandemic), as well as increase professional and patient immediate access to information on health issues.
Furthermore, integration of Machine learning (ML), Artificial Intelligence (AI) and big data other related technologies helps to identify complex patterns, manage large volumes of data, and provide defined results to users. Increasing number of patients suffering from chronic diseases and lifestyle disorders and large scale adoption of CDSS for monitoring, diagnosis, and management of diseases are other factors that fuel revenue growth of the market. However, high cost in implementation of CDSS, expensive servicing and software upgrades and concerns regarding data leak in cloud based CDSS are some factors expected to restrain CDSS market revenue growth during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
To know more about the report @ https://www.reportsanddata.com/sample-enquiry-form/2121
Cloud-based CDSS Segment to Lead in Terms of Revenue Share:
Cloud-based CDSS segment is expected to account for largest revenue share in the global market over the forecast period attributed to increasing need to maintain Electronic Medical Records (EMRs), and rapid adoption of Internet of Things (IoT) technologies in healthcare sector due to its numerous advantages. Cloud based CDSS helps in easy management of huge volume of data, ensure the security of data, and therefore saves money, time, and efforts.
Hospitals Segment to Register Significant Revenue Growth:
Hospitals segment is expected to register significant revenue growth over the forecast period due to availability of well-resourced diagnostic rooms, growing prevalence of infectious diseases, increasing awareness among individuals regarding regular health checkups, rising healthcare costs due to availability of favorable medical reimbursement policies and government investments on increasing number of hospitals, especially during COVID-19 pandemic.
North America to Register Robust Revenue Growth:
North America is expected to register robust revenue growth over the forecast period attributable to ongoing technological advancements in healthcare sector, increasing focus on quality patient care, increasing private and government investments on development of biotechnology and bioinformatics, growing elderly population and presence of key players in the region.
Asia Pacific Accounted for Largest Revenue Share in 2020:
Asia Pacific is expected to account for largest revenue share in the global market over the forecast period attributable to increasing government support on implementation of digitization in the healthcare industry, and rising need for continuous patient monitoring. In addition, improvement in medical diagnostic facilities and rising incidences of chronic disease in APAC countries such as India, and China are some other key factors expected to drive revenue growth of the market in the region.
Major Companies in the Market Include:
- Cerner Corporation
- Epic Systems Corporation
- Zynx Health
- Allscripts Healthcare Solutions Inc.
- IBM
- McKesson Corporation
- Siemens Healthineers
- Meditech
- Philips Healthcare
- Wolters Kluwer Health
Buy Premium Research Report @ https://www.reportsanddata.com/checkout-form/2121
Market Segmentation:
For the purpose of this report, Reports and Data has segmented global CDSS market based on component, product, type, mode of delivery, level of interactivity, setting outlook, usage, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
- Services
- Hardware
- Software
Product Outlook (Revenue, USD Million; 2018–2028)
- Integrated CDSS
- Standalone CDSS
Type Outlook (Revenue, USD Million; 2018–2028)
- Therapeutic CDSS
- Diagnostic CDSS
Mode of Delivery Outlook (Revenue, USD Million; 2018–2028)
- On-Premises CDSS
- Web-Based CDSS
- Cloud-Based CDSS
Level of Interactivity Outlook (Revenue, USD Million; 2018–2028)
- Active CDSS
- Passive CDSS
Setting Outlook (Revenue, USD Million; 2018–2028)
- Inpatient
- Ambulatory Care
Usage Outlook (Revenue, USD Million; 2018–2028)
- Knowledge-Based
- Expert Laboratory Information System
- Machine Learning Systems
Application Outlook (Revenue, USD Million; 2018–2028)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
- Others
End-use Outlook (Revenue, USD Million; 2018–2028)
- Hospitals
- Diagnostic Centers
- Clinics
- Retail Pharmacies
- Others
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/2121
Regional Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA
Explore Latest Trending Research Reports By Reports and Data’s
Implantable Heart Pacemaker Market , By Product Type (Temporary, Permanent, Others), By Application (Heart Block, Sick Sinus Syndrome, Diagnosing Heart Diseases, Others), By End User (Hospital, Clinics, House Hold, Others), and By Region Forecast to 2028
Dental Imaging Market , By Product (Extraoral Imaging System, Intraoral Imaging System), By End-use, By Application, and By Region, Forecast To 2028
Sheath Introducer Market by Product Type (Straight Sheaths, Curved Sheaths), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers), and By Region Forecast to 2028
Open Surgery Heart Valves Market Size, Share And Analysis By Valve Type (Tissue and Mechanical), By Procedure Type (Open Surgery, Minimally Invasive Surgery (MIS)), By End-Use (Hospital, Clinic, and Others), and By Region Forecast to 2028
Vessel Sealing Devices Market By Product (Generators, Instruments, Accessories), By Procedure Type (Laparoscopic, Open Surgery), By Technology (LigaSure Technology, PlasmaKinetic Technology, Harmonic Scalpel, Ligamax 5 Technology, EnSeal Technology, Others), By Application, By Energy (Bipolar, Ultrasonic, Hybrid, Others), By End-use, and By Region, Forecast to 2028
Atropine Market , By Product Type (Injection, Drop, Gel), By Application (Gastrointestinal, Ophthalmology, Others), and By Region Forecast to 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Read Latest Press Release @ https://www.reportsanddata.com/press-release/clinical-decision-support-system-market