Clinical Decision Support Systems Market

Clinical Decision Support Systems market

Market Synopsis

Clinical Decision Support Systems market is valued at 1,242.80 USD Million in 2021 and is projected to reach a value of 2,050.12 USD Million by 2028 at a CAGR of 8.70% over the forecast period.

A Clinical Decision Support Systems aims to enhance healthcare delivery by incorporating specific clinical knowledge, patient information, and other health data into medical decisions. The factors like the growing number of chronic diseases worldwide, technical advancements in big data processing such as the use of machine learning and artificial intelligence (AI) in understanding critical insights are propelling the growth of this market in the forecast period. Clinical Decision Support Systems has become an important tool in the fight against COVID-19 as it showed how healthcare teams can stay on top of the latest COVID information and intelligence, helping improve the quality of the care they provide. The rapid advancements in the fields of biotechnology and bioinformatics are encouraging improvements and optimizations in data storage, management, and analytics platforms driving the growth of the Clinical Decision Support Systems market in the future. With, medication errors, the need for effective and efficient clinical decision making is required by clinicians to achieve evidence-based clinical outcomes and avoid misdiagnosis during any medical process fuelling the growth of the market in approaching years.

Market Segmentation:

The Clinical Decision Support Systems market is segmented on the basis of product, delivery mode, model, type, component, application, level of interactivity, setting. On the basis of product, the market is segmented as Integrated Clinical Decision Support Systems, Standalone Clinical Decision Support Systems. On the basis of delivery mode, the market is segmented On-Premise, Cloud-based. On the basis of the model, the market is segmented as Knowledge-based, Non-Knowledge based. On the basis of delivery type, the market is segmented Therapeutic, Diagnostic. On the basis of the component, the market is segmented as Services, Software, and Hardware. On the basis of application, the market is segmented as Advanced Clinical Decision Support Systems Conventional Clinical Decision Support Systems. On the basis of the level of interactivity, the market is segmented as Active Clinical Decision Support Systems, Passive Clinical Decision Support Systems. On the basis of the setting, the market is segmented as In Patient, Ambulatory care settings.

Knowledge-based Clinical Decision Support Systems holds the highest share in the product-based category of the Clinical Decision Support Systems market in the forecast period.

During the forecast period, the knowledge-based Clinical Decision Support Systems segment held the largest market share. The large share and high growth of this segment are achieved due to the various benefits of knowledge-based Clinical Decision Support Systems, such as helping clinicians with knowledge-based reasoning to make clinical decisions in the face of uncertainties. These systems can also be used with clinical workflows and are less prone to errors as compared to non-knowledge-based systems.

Standalone Clinical Decision Support Systems System acquired the largest share in the forecasted period

Standalone Clinical Decision Support Systems acquired the largest revenue share of the global market as it is widely used due to its benefits such as low cost and simplicity. Ease to use in hospitals and clinical settings has further contributed to the segment growth. Clinical Decision Support Systems solutions can be used alone or in conjunction with an EHR or CPOE, or both.

The integrated EHR with the Clinical Decision Support Systems segment is anticipated to witness tremendous growth over the forecast period. Clinical Decision Support Systems systems, when integrated with EHR, provide patient database and history to doctors, which can provide clinical solutions and suggest medication to the practitioner, thus, automating the clinical workflow. Clinical Decision Support Systems 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 Systems features when included in EHR systems, is estimated to boost the segment's growth.

North America is anticipated to hold a significant share in the market in the Forecast Period

North America led the Clinical Decision Support Systems market by acquiring the largest revenue share of the market. The increase in demand for healthcare information technology solutions in the medical industry boosted the market’s growth. In addition, the rapid technology improvements, growing necessity of offering high-quality healthcare services, are driving the growth of the market in the region.

The Clinical Decision Support Systems market in the Asia-Pacific region is estimated to grow at a rapid pace during the forecast period due to the increase investment in R&D by the government of key economies for increasing the in depth knowledge of information technology in the medical field to streamline the flow of data. In addition, increasing elderly population acts as the motivating factors for the growth of the market in the Asia-Pacific region in the upcoming years.

Competitive Landscape-

Some of the major key players in the Clinical Decision Support Systems Market are Cerner (US), Epic (US), MEDITECH (US), Wolters Kluwer Health (Netherlands), Zynx Health (US), Elsevier B.V. (Netherlands), IBM Watson Health (US), Allscripts Healthcare Solutions (US), NextGen Healthcare (US), and Siemens Healthineers (Germany).

Clinical Decision Support Systems Market is segmented as follows:

Clinical Decision Support Systems Market is tabulated as follows: