Amidst the medication errors and the amount of medical data being stored today, the need for effective and efficient clinical decision making is required by clinicians to aim towards achieving evidence-based clinical outcomes and avoid misdiagnosis during any medical process. A Clinical Decision Support System (CDS Systems) is being incorporated by healthcare providers in their clinical practices to promote the smooth functioning of diagnostic and monitoring of the patient. It helps the physicians to make their clinical decisions more accurately. The market has been marked mainly by the presence of big and small players; however, during recent years, large companies have begun to take an interest in this space.
The Global Clinical Decision Support System Market is estimated to be USD 1.33 Bn in 2021 and is expected to reach USD 2.24 Bn by 2026 growing at a CAGR of 11%.
The factors which are likely to further propel the growth of this market are the rising number of chronic diseases across the globe along with the technical advancements in big data such as use of machine learning and artificial intelligence (AI) in understanding critical insights. Conversely, recent security breaches is one of the major concerns for CDSS vendors which can restrain the growth of this market.
Rapid growth in the geriatric population
High prevalence of chronic diseases
Government support and Initiatives
Growing incidence of Medication Errors
High Returns on Investment for CDSS Solutions
Reluctance to adopt mobile CDSS
High Investments for IT Infrastructure
Data security concerns related to Cloud-Based CDSS
Lack of Interoperability
Emerging Markets for Healthcare IT
Technological advancements in Healthcare IT Solutions
Partnerships between Medical Research Groups and Clinical Decision Support Companies
By Geography, North America dominates the market. The Global Clinical Decision Support System market is segmented on the basis of type of Component, Product, Type of healthcare, model, mode of delivery, Type of Application, Level of Interactivity, Patient setting, and geography.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share etc.
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The report offers a comprehensive evaluation of the Global Clinical Decision Support System Market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.
A complete analysis of the market including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
5 Market Analysis 5.1 Porter's Five Forces Analysis 5.2 Impact of COVID-19 5.3 Ansoff Matrix Analysis
6 Global Clinical Decision Support System Market, By Component 6.1 Introduction 6.2 Services 6.3 Software 6.4 Hardware
7 Global Clinical Decision Support System Market, By Product 7.1 Introduction 7.2 Integrated CDSS 7.3 Standalone CDSS
8 Global Clinical Decision Support System Market, By Type 8.1 Introduction 8.2 Therapeutic Clinical Decision Support Systems 8.3 Diagnostic Clinical Decision Support Systems
9 Global Clinical Decision Support System Market, By Model 9.1 Introduction 9.2 Knowledge-Based CDSS 9.3 Non-Knowledge-Based CDSS
10 Global Clinical Decision Support System Market, By Delivery Mode 10.1 Introduction 10.2 On-Premise CDSS 10.3 Cloud-Based CDSS
11 Global Clinical Decision Support System Market, By Application 11.1 Introduction 11.2 Conventional Clinical Decision Support Systems 11.3 Advanced Clinical Decision Support Systems
12 Global Clinical Decision Support System Market, By Level of Interactivity 12.1 Introduction 12.2 Active CDSS 12.3 Passive CDSS
13 Global Clinical Decision Support System Market, By Setting 13.1 Introduction 13.2 Inpatient Settings 13.3 Ambulatory Care Settings
14 Global Clinical Decision Support System Market, By Geography 14.1 Introduction 14.2 North America 14.2.1 US 14.2.2 Canada 14.2.3 Mexico 14.3 South America 14.3.1 Brazil 14.3.2 Argentina 14.4 Europe 14.4.1 UK 14.4.2 France 14.4.3 Germany 14.4.4 Italy 14.4.5 Rest of Europe 14.5 Asia-Pacific 14.5.1 China 14.5.2 Japan 14.5.3 India 14.5.4 Australia 14.5.5 Rest of APAC 14.6 Middle East and Africa
16 Company Profiles 16.1 Cerner 16.2 McKesson 16.3 Epic Systems 16.4 Meditech 16.5 Philips Healthcare (A Subsidiary of Royal Philips Electronics) 16.6 Wolters Kluwer Health 16.7 Hearst Health 16.8 Elsevier B.V. (A Division of Relx Group) 16.9 IBM 16.10 Allscripts Healthcare Solutions