July 21, 2020
According to the research report titled ‘Global Clinical Decision Support System Market Analysis, 2020’, available with Market Study Report LLC, global clinical decision support system market is anticipated to showcase a y-o-y growth rate of 11.2% between 2020 and 2025.
Focus towards improving the quality of patient care and reducing human errors is the key factor driving the growth of clinical decision support system industry. Escalating healthcare expenditure is also aiding the market expansion.
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For those uninitiated, clinical decision support system aids in improving decision making process during clinical operations. It manages the data of patients who are diagnosed with chronic conditions with interactive interfaces and advanced algorithms.
As per component type, global clinical decision support system industry is segmented into services, software and hardware. Based on product landscape, the market is bifurcated into integrated CDSS with CPOE & HER, standalone CDSS, and integrated CDSS.
The report states that integrated CDSS segment is predicted to expand significantly during the forecast period. These integrated solutions which are adopted by numerous healthcare organizations comprise of various interconnected applications that offer decision-makers and clinicians with an advanced database for supporting evidence.
By type, the market is split into therapeutic CDSS and diagnostic CDSS. Moving on to model type, worldwide clinical decision support system industry is categorized into knowledge based CDSS and non-knowledge based CDSS. Whereas speaking of setting type, the industry is divided into ambulatory settings and inpatient settings.
Citing the delivery mode, the industry is classified into web based CDSS, cloud-based CDSS and on-premise CDSS. According to the research document, on-premise CDSS segment held a considerable market share in 2019 and is expected to register substantial growth in the forthcoming years. Technological advancements in on-premise solutions reduce the risk of data theft. On the other hand, cloud-based CDSS segment is poised to accumulate appreciable returns in the ensuing years, primarily driven by growing demand for storing large volume of patient data.
Regionally, global clinical decision support system market is fragmented into North America, Europe, South America, Middle East & Africa and Asia-Pacific. The report further focuses on Mexico, Canada, U.S., Spain, Italy, France, German, UK, Argentina, Brazil, Saudi Arabia, UAE, South Korea, Australia, Japan, India and China among others.
Elsevier B.V., Hearst Health, Wolters Kluwer Health Co., McKesson Corporation, Meditech Inc., Allscripts Healthcare Solutions Inc., IBM Corp., Philips Healthcare, Epic Systems Corp. and Cerner Corp. are the key participants in global clinical decision support system market.