The market size of the global clinical decision support systems (CDSS) market in the year 2021 is valued at 1.83 billion and is predicted to reach 3.41 billion by the year 2030 at an 7.43% CAGR during the projected period.
A clinical decision support system (CDSS) integrates particular clinical knowledge, patient data, and other health data into medical decisions to improve healthcare delivery. Globally prevalent chronic diseases and advances in big data processing technology, such as machine learning and artificial intelligence (AI) to unearth critical insights, will likely propel this market's growth over the following years. As it demonstrates how healthcare teams can keep up to date on the newest COVID information and intelligence, helping to enhance the quality of the treatment they deliver, the clinical decision support system (CDSS) has emerged as an essential tool in the fight against COVID-19. Future expansion of the clinical decision support system (CDSS) market will be fueled by the rapid development of biotechnology and bioinformatics, stimulating enhancements and optimizations in data management, analytics, and storage systems. To avoid misdiagnosis during any medical procedure and achieve evidence-based clinical outcomes in the case of drug mistakes, doctors must be effective and efficient in their clinical decision-making, which will drive the market's growth in the upcoming years.
An essential concern with a cloud-based clinical decision support system (CDSS) is that data housed by the vendor is not as safe as data hosted on-premise. Patient information is regarded as very sensitive, and strict confidentiality must be maintained to ensure that this information is only accessible to authorized individuals. Although private clouds provide greater access protocols and systems, the healthcare business is skeptical of their efficacy. In large markets, a shortage of qualified and skilled workers limits the adoption and deployment of web-based and on-premise HCIT systems.
The clinical decision support systems (CDSS) market is segmented on the basis of product, type, application, end-user, user interactivity, model, and delivery mode. Based on the product, the market is differentiated into integrated clinical decision support systems (CDSS) and standalone clinical decision support systems (CDSS). Based on the type, the market is differentiated into conventional and advanced. Based on the application, the market is differentiated into preventive care, diagnostics, follow-up management, and others (planning, implementation, etc.). Based on the end-user, the market is differentiated into hospitals and clinics, ambulatory surgical centres, and other end users (nursing homes, elderly care centres, etc.). Based on the level of interactivity, the market is differentiated into active clinical decision support system (CDSS) and passive clinical decision support system (CDSS). Based on the model, the market is differentiated into knowledge-based and non-knowledge-based. Based on the delivery mode, the market is segmented on-premise and cloud-based.
Based on the model, the Knowledge-based Clinical Decision Support System (CDSS) segment is accounted as a significant contributor to the clinical decision support systems (CDSS) market.
The knowledge-based CDSS segment held the largest market share during the forecast period. This segment's large share and high growth are achieved due to the various benefits of knowledge-based CDSS, such as helping clinicians with knowledge-based reasoning to make clinical decisions in the face of uncertainties. These systems are less error-prone than non-knowledge-based systems and may also be employed with healthcare processes.
The standalone Clinical Decision Support System (CDSS) System acquired the largest share in the forecasted period.
A standalone clinical decision support system (CDSS) has accumulated the most significant revenue share of the global market due to its advantages, including simplicity and low cost. The segment's expansion has also been aided by the ease of usage in clinical and medical settings. Clinical decision support system (CDSS)solutions can be used alone, in conjunction with an EHR, CPOE, or both. The integrated EHR with the clinical decision support system (CDSS) segment is anticipated to witness tremendous growth over the forecast period. When clinical decision support system (CDSS) systems are coupled with EHR, they give clinicians access to patient databases and histories, which they may use to recommend medications and offer therapeutic solutions, automating the clinical process. Clinical decision support systems (CDSS) and EHRs are frequently connected with each other to improve processes and make better use of existing data sets. The growing number of clinical decision support system (CDSS) features is estimated to boost the segment's growth when included in EHR systems.
In the region, the North American clinical decision support systems (CDSS) market holds a significant revenue share.
In the forecast period, the market in North America accounted for the biggest revenue share. One of the main factors propelling this region's market revenue growth is the development of information technology in the medical sector. The rapid expansion of the market for EHR-equipped clinical decision support systems (CDSS) in various healthcare applications is to blame. Governments in these nations are also investing in creating an automated healthcare environment that relies heavily on AI. Additionally, governments are initiating awareness campaigns for various cutting-edge clinical decision support system technologies and educating hospitals about the benefits and uses of clinical decision support systems (CDSS). The increased demand for healthcare information technology solutions in the medical industry boosted the market's growth. In addition, the rapid technological improvements, and the growing necessity of offering high-quality healthcare services, are driving the market growth in the region.
The clinical decision support system (CDSS) market in the North American region is estimated to increase rapidly during the forecast period due to the growing investment in R&D by the government of key economies to increase the in-depth knowledge of information technology in the medical field to streamline the data flow. In addition, the broadly extending technological advancements are the motivating factor for regional market growth in the upcoming years.
The leading firms in the clinical decision support systems (CDSS) market have shifted their attention to advanced aspects of product manufacturing and are initiating effective strategies, such as mergers, acquisitions, and joint ventures of major and domestic players, to expand their product portfolios and broaden their global market presence.
Some of the major firms in the clinical decision support systems (CDSS) market are Allscripts Healthcare Solutions, Inc., Cerner Corporation, Change Healthcare, General Electric Company, International Business Machines Corporation, McKesson Corporation, RELX Group, Wolters Kluwer N.V., Epic Systems Corporation, Hearst Corporation, Inferscience, Inc., Medical Information Technology, Inc. (MEDITECH), Oncology Analytics, Inc., Persivia Inc., and VisualDx, CureMD Healthcare, RAMPmedical Henisaja GmbH, and The Medical Algorithms Company Limited.