Clinical Decision Support System Market Size - Global Industry Share, Analysis, Trends and Forecast 2022 - 2030

Name: Clinical Decision Support System Market Size - Global Industry Share, Analysis, Trends and Forecast 2022 - 2030
Creator: Acumen Research and Consulting
Published: Aug 2022
License: https://www.acumenresearchandconsulting.com/privacy-policy

Published : Aug 2022

Report ID: ARC357

Pages : 250

Format : Clinical Decision Support System Market Size - Global Industry Share, Analysis, Trends and Forecast 2022 - 2030

Summary Table of Content Customization Download Sample Infographics

The Global Clinical Decision Support System Market Size is valued at USD 1,368 million in 2021 and is estimated to achieve a market size of USD 3,139 million by 2030; growing at a CAGR of 9.8%.

Clinical decision support system (CDSS) is a health information system designed to patients, staff, clinicians, and other healthcare professionals with the patient specific information and intelligently filters or presents the information at appropriate times to improve health care process. This technology encompasses a variety of tools improve decision making in clinical workflow. CDSS solutions include computerized reminders and alerts, clinical guidelines, condition specific order sets, patient information records and summaries, diagnostic support, documentation template, and other relevant reference information. Other important benefits offered by CDSS include increased quality of health care and improved health outcomes, elimination in errors, cost benefit and improved efficiency, and patient and provider satisfaction.

Global Clinical Decision Support System (CDSS) Market DRO’s:

Market Drivers:

Increasing adoption of EHRs
Increase in demand for quality care and technical solutions
Growing incidence of medication errors
Rising importance and usage of big data and mHealth tools

Market Restraints:

Data security concerns related to cloud-based CDSS
Inadequate interoperability

Market Opportunities:

The growth potential of emerging markets
Government initiatives for better healthcare in developing countries

Clinical Decision Support System Market Report Coverage

Market	Clinical Decision Support System Market
Clinical Decision Support System Market Size 2021	USD 1,368 Million
Clinical Decision Support System Market Forecast 2030	USD 3,139 Million
Clinical Decision Support System Market CAGR	9.8% During 2022 - 2030
Analysis Period	2018 - 2030
Base Year	2021
Forecast Data	2022 - 2030
Segments Covered	By Solutions, By Application, By Model, By Mode of Delivery, By Component, By Healthcare Entity Capacity, And By Region
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., IBM Corporation, Relx Group Plc, Mckesson Corporation, General Electric Company, Siemens AG, Meditech, and Zynx Health Incorporated.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Clinical Decision Support System Market Dynamics

The global clinical decision support systems market is growing at a significant rate owing to the growing need of advanced healthcare information systems and increasing investments by health information technology (HIT) players. In addition, growing need for remote patient monitoring services and increasing support from government organizations is also driving the growth of global CDSS market. However, privacy and security concerns, high capital expenditure and maintenance requirement, and inadequate healthcare infrastructure in developing economies are inhibiting the growth of the global CDSS market. The increasing popularity of CDSS in healthcare facilities is the key trend observed in the global CDSS market.

CDSS and their software are gaining popularity in healthcare facilities, due to innovative and advanced applications such as, double-checking medication administration properties, drug reminders, and drug allergy alerts. These innovative and advanced applications of CDSS reduce chances of adverse drug events, and medication errors. Moreover, they improve healthcare quality, and reduce healthcare cost. In home healthcare settings, the CDSS integrated with medication management system plays a pivotal role in medication delivery and dosage calculations. Most patients cannot remember their entire medication regimen and forget to take their medication. In such conditions, CDSS integrated smartphone-based self-management systems with real-time medication monitoring technology reminds patients to take medication on time and prevent medication errors. Thus, these innovative applications of integrated CDSS attract end users to adopt the technology.

Clinical Decision Support System Market Segmentation

The market can be bifurcated on the basis of solutions, application, model, mode of delivery, component, healthcare entity capacity, and region.

Clinical Decision Support System Market by Solutions

Integrated CDSS Solutions
Standalone CDSS Solutions

Clinical Decision Support System Market Size is valued at USD 1,368 million in 2021 and is estimated to achieve a market size of USD 3,139 million by 2030

Clinical Decision Support System Market by Application

Drug Dosing Support
Clinical Guidelines
Clinical Reminders
Drug-Drug Interactions
Drug Allergy Alerts
Others

Clinical Decision Support System Market by Model

Knowledge-based CDSS Solutions
Non-Knowledge-based CDSS Solutions

Clinical Decision Support System Market by Mode of Delivery

On-Premises
Web-Based
Cloud-Based

Clinical Decision Support System Market Size is estimated to achieve a market size of USD 3,139 million by 2030; growing at a CAGR of 9.8%.

Clinical Decision Support System Market by Component

Software
Hardware
Services

Clinical Decision Support System Market by Healthcare Entity Capacity

Less than 100 Beds
100–199 Beds
200–299 Beds
300–399 Beds
400–499 Beds
More than 500 Beds

Clinical Decision Support System Market Regional Outlook

North America

U.S.
Canada

Europe

U.K.
Germany
France
Spain
Rest of Europe

Asia-Pacific

China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

Increasing healthcare spending fuels the North America clinical decision support system market

North America was the largest market for CDSS in 2021 in terms of revenue generation, and accounted for more than 50% share. This region is expected to maintain its dominance throughout the forecast period majorly attributed by increased health spending on the region, improved healthcare infrastructure, rising prevalence of chronic illnesses and lifestyle associated diseases. For instance, according to American Diabetes Association (ADA), approximately 25.8 million people suffered from diabetes in 2010 and the number increased to 29.1 million in 2012. Further, rise in geriatric population in North America has positively impacted the growth of CDSS market.

Clinical Decision Support System Market Players

Among the player operating in the global CDSS market, some profiled in the report include Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., IBM Corporation, Relx Group Plc, Mckesson Corporation, General Electric Company, Siemens AG, Meditech, and Zynx Health Incorporated among others. Partnership expansion, strategic relationships for technology sharing and development, and acquisitions are some major strategies followed by leading players in this market to sustain market competition.

Frequently Asked Questions

How much was the size of the global clinical decision support system market in 2021?

The global clinical decision support system market size in 2021 was accounted to be USD 1,368 Million.

What will be the projected CAGR for global clinical decision support system market during forecast period of 2022 to 2030?

The projected CAGR clinical decision support system market during the analysis period of 2022 to 2030 is 9.8%.

Which are the prominent competitors operating in the market?

The prominent players of the global clinical decision support system market are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., IBM Corporation, Relx Group Plc, Mckesson Corporation, General Electric Company, Siemens AG, Meditech, and Zynx Health Incorporated.

Which region held the dominating position in the global clinical decision support system market?

North America held the dominating clinical decision support system during the analysis period of 2022 to 2030.

Which region exhibited the fastest growing CAGR for the forecast period of 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for clinical decision support system during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global clinical decision support system market?

Increasing adoption of EHRs, increase in demand for quality care and technical solutions, and growing Incidence of medication errors drives the growth of global clinical decision support system market.

By Solutions segment, which sub-segment held the maximum share?

Based on solutions, integrated CDSS solutions segment held the maximum share clinical decision support system market in 2021.

Report ID:
ARC357

Published Date:
Aug 2022

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Clinical Decision Support System Market Size - Global Industry Share, Analysis, Trends and Forecast 2022 - 2030

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Frequently Asked Questions

How much was the size of the global clinical decision support system market in 2021?

What will be the projected CAGR for global clinical decision support system market during forecast period of 2022 to 2030?

Which are the prominent competitors operating in the market?

Which region held the dominating position in the global clinical decision support system market?

Which region exhibited the fastest growing CAGR for the forecast period of 2022 to 2030?

What are the current trends and dynamics in the global clinical decision support system market?

By Solutions segment, which sub-segment held the maximum share?

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