Global CDSS Market Expected to Grow at 21.5% CAGR During 2016 - 2022: P&S Market Research

23 Feb, 2016, 08:30 ET from P&S Market Research

NEW YORK, February 23, 2016 /PRNewswire/ --

The global CDSS Market was valued at $410.5 million in 2015, and it is expected to grow at a CAGR of 21.5% during 2016-2022. Among the various products, the integrated CDSS segment is expected to witness the fastest growth, CAGR of 22.4%, during the forecast period. The global CDSS market is growing at a significant rate, due to growing demand for advanced healthcare information systems, and growing investments by HIT players. In addition, the growing need for remote patient monitoring services and increasing support from government organizations is also driving the growth of the global CDSS market.

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The information and data in the publication "Global CDSS Market Size, Share, Development, Growth and Demand Forecast to 2022" represent the research and analysis of data from various primary and secondary sources. The bottom-top approach has been used to calculate the global market size by product, application, model, delivery model, component and healthcare provider entity capacity. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online, and offline research.

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CDSSs are computer-based information systems that are designed to assist healthcare providers in the implementation of clinical guidelines at the point of care. The system uses patient information to provide evidence-based treatment recommendation for healthcare providers and delivers better clinical outcomes. CDSS are often incorporated within electronic health records (EHR) and integrated with other computer-based functions that provide patient-care summary reports, and feedback on quality indicators.

The factors, such as privacy and security issues, high capital expenditure and maintenance requirement, and inadequate healthcare infrastructure in developing economies are inhibiting the growth of the global market. The increasing popularity of CDSS in healthcare facilities is the key trend observed in the global CDSS market.

Browse Related Research: https://www.psmarketresearch.com/industry-report/healthcare

Geographically, North America dominated the global market of CDSS in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth at a CAGR of 23.2%, during the forecast period.

Some of the key companies operating in the global CDSS Market include Cerner Corporation, RELX Group PLC, Epic Systems Corporation, General Electric Company, McKesson Corporation, Zynx Health Incorporated, International Business Machine Corporation and Siemens AG.

GLOBAL CDSS MARKET SEGMENTATION 

By Product  

  • Integrated CDSS Solutions
  • Standalone CDSS Solutions

By Application 

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

By Model 

  • Knowledge-based CDSS Solutions
  • Non-Knowledge-Based CDSS Solutions

By Mode of Delivery  

  • On-Premises
  • Web-Based
  • Cloud-Based

By Component 

  • Software
  • Hardware
  • Services

By Healthcare Provider Entity Capacity 

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

By Geography 

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