Clinical Decision Support System Market Overview
A clinical decision support system, also known as CDSS, is a significant component in the healthcare IT spectrum. In the recent years, with the advancement of technologies, it is gaining more traction across the healthcare systems worldwide. The flexible functionalities of such systems are estimated to play a vital role in the accelerating growth of the CDSS market. The clinical decision support system market is expected to garner a market valuation of approximately USD 1780 million by the end of the forecast period. Of the primary factors driving the CDSS market is the importance of data-driven technologies in the healthcare landscape.
Some of the other factors contributing to the growth of the global clinical decision support system (CDSS) market include the fast-paced growth of the healthcare industry in emerging economies, the growing geriatric population across the globe, and the increasing patient influx.
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Value, Market Share, Player Analysis, value chain analysis, Porter’s five forces model, demand & supply: gap analysis, investment opportunities analysis, pricing analysis, technological trends, country level break down for component, product, model, delivery mode, mode of advice, settings, type, and application.
Some of the notable companies in the CDSS market include –
- Agfa-Gevaert Group
- Elsevier B.V.
- Cerner Corporation
- Wolters Kluwer Health
- Epic Systems Corporation
- Athenahealth Inc
- Hearst health.
The clinical decision support system (CDSS) market is considered for the segments based on model, product, delivery mode, advice, type, settings, and region.
On the basis of product, the global CDSS market is segmented into integrated clinical decision support system and standalone clinical decision support system. The integrated CDSS segment is anticipated to lead the global market and is projected to expand at a substantial rate.
Based on model, the global clinical decision support system market is segmented into knowledge-based clinical decision support system and non-knowledge-based clinical decision support system. Owing to the high number of the advantages, the knowledge-based clinical decision support system segment is likely to account for the most significant share in the CDSS market.
On the basis of delivery mode, the market is segmented into cloud-based and in-premise systems. The cloud-based segment is estimated to dominate the global clinical decision support system market during the forecast period.
Based on advice, the market is segmented into active CDSS and passive CDSS. The active CDSS segment is expected to hold the largest portion of the clinical decision support system market. The segment is projected to grasp a whopping 75% share of the market and is anticipated to develop with the highest CAGR in the forthcoming years.
Based on settings, the global CDSS market is segmented into ambulatory care settings and inpatient settings. The inpatient settings segment is anticipated to hold the largest share, with 70% of the total market share. It is also estimated to ascend at a significant rate during the conjectured time period.
Based on type, the global clinical decision support system market is segmented into a therapeutic clinical decision support system (CDSS) & diagnostic clinical decision support system (CDSS). Holding a peak market share, the therapeutic CDSS segment is expected to lead the market.
Based on application, the global CDSS market is segmented into advanced CDSS and conventional CDSs. The advanced CDSS is projected to land in the dominant position and is expected to expand at 12.5% CAGR during the review period.
In 2019: Banner Health has joined forces with the UA College of Medicine to use precision medicine and clinical decision support system to curb and prevent adverse reactions to medications.
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Detailed Regional Analysis
The clinical decision support system (CDSS) market has been segmented into the regions of North America, Asia Pacific, Latin America, the Middle East & Africa, and Europe. North America is expected to lead the global CDSS market owing to the presence of several key players in the region. An increasing number of emergencies in healthcare has promoted growth in the CDSS market in the region.
Europe is observed to follow North America and hold the second largest share of the CDSS market owing to similar growth patterns. Other leading factors include the growing healthcare expenditure, accessibility of advanced healthcare facilities, and a rising number of promising initiatives taken up by the government to fuel the healthcare IT advancements.
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