The global clinical decision support systems (CDSS) market is expected to reach USD 2,406.2 Million by 2027, according to a new report by Emergen Research.
The global clinical decision support systems (CDSS) market is expected to reach USD 2,406.2 Million by 2027, according to a new report by Emergen Research. The global clinical decision support systems (CDSS) market is further expected to grow at a CAGR of 9.5% from 2020 to 2027. Growing demand for advanced healthcare IT solutions and rising need for reducing medical errors & enhancing patient safety are some of the key factors driving the growth of the global clinical decision support systems (CDSS) market.
The increasing incidences of chronic diseases and the ensuing pressure on the healthcare system across the globe are acting as a major driver for clinical decision support systems. A rapid increase in the number of patients with chronic diseases coupled with an exponential rise in associated costs have resulted in significant financial burden on nations. According to a report by the World Health Organization (WHO), the number of people suffering from diabetes has risen from 108 million in 1980 to 422 million in 2014. Moreover, the number of deaths caused by diabetes has also increased from 1.6 million in 1980 to 5.1 million in 2014. The report further states that the number of people suffering from cardiovascular diseases is projected to reach 23.3 million by 2030. Hence, the increasing prevalence of chronic diseases is anticipated to fuel the clinical decision support systems market during the forecast period.
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The US government’s Agency for Healthcare Research and Quality (AHRQ) has played a pivotal role in the development and promotion of clinical decision support systems. The AHRQ has invested millions of dollars in research to develop and evaluate CDSSs, and has also supported the creation of several national resource centers to help promote the use of these systems.
The AHRQ has also developed a number of tools and resources to help clinicians and health care organizations implement CDSSs. These include the Clinical Decision Support Resource Center, which provides information and tools on a variety of topics related to CDSS implementation, and the National Library of Medicine’s Clinical Decision Support Knowledge Base, which contains a searchable database of CDSSs.
The cost of implementing a clinical decision support system can be a major restraint for the growth of this market. These systems are not always accurate, and they require significant investment to maintain and update. There is also a lack of standardization among different vendors, which can make it difficult for hospitals and other healthcare organizations to compare products and choose the most appropriate one for their needs. Finally, some clinicians may be resistant to using these systems, preferring to rely on their own clinical judgment.
Some Key Highlights from the Report
- On the basis of product, the global clinical decision support systems (CDSS) market is classified into software and services. The software segment is expected to grow at a rapid pace during the forecast period owing to the advantages offered by clinical decision support systems (CDSS) software such as easy & quick integration, real-time alerts, and others.
- On the basis of application, the global clinical decision support systems (CDSS) market is segmented into diagnosis, treatment plans, and others. The diagnosis segment accounted for the largest share of the global clinical decision support systems (CDSS) market in 2019 owing to the rising demand for early diagnosis of diseases and conditions.
- On the basis of end-use, the global clinical decision support systems (CDSS) market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment is expected to grow at the fastest pace during the forecast period owing to the rising adoption of clinical decision support systems (CDSS) in hospitals & clinics for enhancing patient safety and reducing medical errors.
- North America held the largest share of the global clinical decision support systems (CDSS) market in 2019 owing to the presence of major players in the region and rising adoption of clinical decision support systems (CDSS) in hospitals & clinics.
- Furthermore, Asia Pacific is expected to grow at the fastest pace during the forecast period owing to the growing demand for advanced healthcare IT solutions and rising awareness about clinical decision support systems (CDSS).
- Key participants include Cerner Corporation, Epic Systems Corporation, Zynx Health, Allscripts Healthcare Solutions Inc., IBM, McKesson Corporation, Siemens Healthineers, Meditech, Philips Healthcare, and Wolters Kluwer Health, among others.
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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
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
- Others
End-use Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Diagnostic Centers
- Clinics
- Retail Pharmacies
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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