The Clinical Decision Support Systems (CDSS) Market Size is valued at 2.04 Billion in 2023 and is predicted to reach 3.73 Billion by the year 2031 at a 8.08% CAGR during the forecast period for 2024-2031.
A cllinical 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.
Market Segmentation:
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.
Competitive Landscape
Some Major Key Players In The Clinical Decision Support Systems (CDSS) Market:
- 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.,
- VisualDx,
- CureMD Healthcare,
- RAMPmedical Henisaja GmbH
- The Medical Algorithms Company Limited
Clinical Decision Support Systems (CDSS) Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 2.04 Billion |
|
Revenue Forecast In 2031 |
USD 3.73 Billion |
|
Growth Rate CAGR |
CAGR of 8.08% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Product Type, CDSS Type, Application, End-User, User Interactivity, Model, And Delivery Mode |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
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. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
