2021 Growth Opportunities for Global Clinical Decision Support Systems Market, MarketIntelReports
The rise in number of collaborations between third-party CDSS vendors and providers of electronic health records (EHR) is expected to result in highly integrated and seamless experience for users in healthcare organizations and the demand for Clinical Decision Support Systems is set to boom.
A clinical decision support system (CDSS) is a health information technology system that is designed to provide physicians and other health professionals with clinical decision support (CDS), that is, assistance with clinical decision-making tasks.
Computerizing healthcare is expected to be one of the powerful levers necessary for significant transformation in the quality and cost of delivering healthcare. This is clearly going to boost the Clinical Decision Support Systems Market in the coming years.
Browse Clinical Decision Support Systems Market (CDSS): By Mode (Active CDSS, Passive CDSS); Decision Mechanism (Knowledge and Non-Knowledge Based); By Applications, Timing of Use and Geography – Analysis and Forecast (2015-2020)
As per MarketIntelReports analysis, the global CDSS market recorded revenue of $3.5 billion in 2014, and is estimated to grow at a CAGR of 9.8% during 2015 – 2020. The high growth rate in this market is due to favorable government initiatives to control healthcare expenditures, demand for seamless integration with patient workflow, proper documentation and reliability.
Globally, Americas is estimated to continue holding the majority share of CDSS market, due to increased adoption of these technologies and increased government support. With respect to the global market, the US itself holds 28% of the entire CDSS market share due to presence of numerous companies operating in this space and huge R&D investments. Europe is the second major market followed by APAC, together accounting for around 49% of the global CDSS market of 2014. Other factors affecting the growth of the market include skilled healthcare information technology professionals, risk of data breaching, demand to reduce medical errors and many others.
This report on Clinical Decision Support Systems Market is segmented into various types and studied in depth according to various factors like key market growth factors,
Clinical Decision Support Systems Market is broadly classified into 5 types based on the following:
- By Decision Making Mechanism: Knowledge-Based and Non-Knowledge Based.
- By Applications: Documentation Forms, Relevant Data Presentations, Protocol Support and Others.
- By Timing of Use: Pre-Diagnosis, During Diagnosis and Post-Diagnosis.
- By Mode of Interaction: Active CDSS and Passive CDSS.
- By Geography: North America, Europe, APAC and ROW.
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The major players operating in the global CDSS market include Epic Systems Corporation (U.S.), McKesson Corporation (U.S.), Alere Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Wolters Kluwers NV (Netherlands) and many more. Companies like Cerner Corporation, Elsevier B.V., and Meditech, Inc are also the prominent players in this market. As per MarketIntelReports analysis there is more number of knowledge based CDSS software manufacturers compared to non-knowledge based CDSS technology developers.
Clinical Decision Support Systems Market Report hosts 40 plus notable industry leaders with few being:
- Philips Healthcare
- Isabel Healthcare Inc.
- McKesson Corporation
- Logical images, Inc
With the growing demand to reduce medication errors and the huge cost associated with it, the healthcare providers are increasingly showing interest in the CDSS adoption.
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