Global Clinical Decision Support System Market - 2023-2030
The global clinical decision support system market reached US$ XX billion in 2022 and is expected to reach US$ XX billion by 2030 growing with a CAGR of XX% during the forecast period 2023-2030.
The clinical decision support system market trends show rising product launches owing to the rising technological advancements and usage of AI. It is a distinct kind of decision support system (DSS), which is widely used to support managerial decisions in the corporate world.
Furthermore, rising adoption of products for clinical decision support system due to the rising availability of model, delivery mode, component and type and increase in the number of pipelines in the market, and an increase in the research and development is driving up the clinical decision support system market size. The market is experiencing a growth demand for products from North American areas as a result of the rising advancements in this field with significant competitors like Inferscience, Inc, Cerner (Oracle), Agfa Healthcare, and Athenahealth actively operating in the market.
Dynamics
Rising Prominence & Usage of Big Data and Health Tools Drive the Growth of the Clinical Decision Support System Market
Big data is created and analyzed in the healthcare industry from a variety of sources to help with decision-making, enhance patient outcomes, and lower costs. Electronic health records (EHR), personal health records (PHRs), electronic medical records (EMR), and data generated by widely used digital health tools like wearable medical technology and mobile health apps are some of the most frequent sources of big data in the healthcare industry. Big data has become increasingly widely used in the healthcare industry in recent years.
Big data applications can do much more than just enhance health outcomes. Big data applications have also demonstrated promise in terms of enhancing management and personnel, cutting costs and ineffectiveness, product development along with strategic planning. The market is predicted to take the lead throughout the forecast period as a consequence of the aforementioned claims.
Rising Advancements or Research and Development by Key Players Creates Opportunities for the Growth of the Market
A range of decisions as well as patient care tasks have been shown to benefit from the use of CDSS, and they continually and widely enhance the provision of high-quality care. Particularly those based on CPOE, certain uses of CDSS have additional evidence to support them. In the era of the electronic health record, support for CDSS is growing, but there is still room for improvement in terms of interoperability, deployment speed and ease, and cost.
Inferscience said that drchrono is now completely integrated with its cutting-edge clinical decision support system, Infera. End users of DrChrono will receive real-time patient-specific and evidence-based care recommendations from Infera. Infera provides a fully thorough evaluation of the patient state to intelligently back the care suggestions offered because it reads structured as well as unstructured information from within the chart. These kind of research and advancements will lead to growth of clinical decision support system.
Challenges Associated with Clinical Decision Support System will hamper the growth of the market
Several challenges are linked with the clinical decision support systems. Clinical decision support systems, though, have the potential to create more issues than they address if they are applied or designed badly. Unintuitive clinical decision support software has a negative influence on patient outcomes and businesses' financial lines by contributing to physician burnout, alarm fatigue, and prescription errors.
Segment AnalysisThe global clinical decision support system market is segmented based on product, type, component, delivery mode, model, mode of advice, end user and region.
Owing to High Utilization, the Integrated CDSS with Electronic Health Record from Product Segment Accounted for Approximately 57.9% of the Clinical Decision Support System Market Share
The integrated CDSS with electronic health record category held the largest market share in 2022 and is expected to maintain its dominance over the forecast period due to a growth in chronic diseases incidence worldwide, amongst the population. As electronic health records (EHRs) develop, the incorporation of computerized clinical decision support (CDS) holds the potential of organizing, gathering, and displaying this data to enhance patient care. In a range of healthcare situations, CDS technologies have proven to be able to enhance patient outcomes.
Numerous systems are currently available in the market. In order to provide students and healthcare providers with access to a wide range and depth of reliable content, ClinicalKey was created as a clinical knowledge solution. ClinicalKey provides the most recent research across specialties to students and healthcare providers in a number of media, such as full-text reference journals and books, point-of-care monographs, prescription information, and videos. Smart search algorithms for faster results, EHR connection for improved clinical workflow, and a mobile app for both Android and Apple smartphones are features.
Geographical Penetration
North America Accounted for Approximately 36.5% of the Market Share in 2022, Owing to the Strong Presence of Major Players and Increasing Healthcare Infrastructure Investment
Due to the rising need for clinical decision support system for knowledge purpose in healthcare, manufacturers in North America have chances of increasing their operations. There are many producers and suppliers in North America and owing to the quick economic growth of the region, industrial production has expanded, driving the demand for clinical decision support system treatment.
Increasing expenditure on healthcare and rising adoption among end users, advancement of technologies for products or model or modes, and increase in pharmaceutical business establishment across the region are also contributing to the growth of clinical decision support system market share of this region.
It is also anticipated that the main healthcare organizations' and enterprises' collaborative research projects as well as new product development, which constantly seeks to improve available medications alternatives, will contribute to the expanding demand. Individuals are becoming more aware of various advanced products that are being utilized for providing better product, leading to the expansion of the market in this region. The above-mentioned factors further proves the dominance of North America on a global scale.
Competitive LandscapeThe major global players in the clinical decision support system market include Inferscience, Inc, Cerner (Oracle), Agfa Healthcare, NXGN Management, LLC, Carestream Health, Athenahealth, Medical Information Technology, Inc., Epic Systems Corporation, Wolters Kluwer N.V. and Elsevier among others.
COVID-19 Impact AnalysisRussia Ukraine Conflict Analysis
Due to the low prevalence as well as absence of major market participants in this region, it is predicted that the Russia-Ukraine conflict will not have a significant effect on the worldwide clinical decision support system market. The growth of the global clinical decision support system market, however, is anticipated to be relatively unaffected by the import and export of raw materials over the forecast period.
By Product
• Standalone CDSS
• Integrated CDSS with Electronic Health Record
By Type
• Therapeutic CDSS
• Diagnostic CDSS
By Component
• Software
• Hardware
• Services
By Delivery Mode
• On-premise
• Web Based
• Cloud Based
By Model
• Knowledge-based CDSS
• Non-Knowledge based CDSS
By Mode of Advice
• Passive CDSS
• Active CDSS
By End User
• Hospitals & Clinics
• Diagnostic Centers
• Ambulatory Surgical Centers
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Key Developments• On June 20, 2023, the YASASII electronic medical record (EMR) solution developed by Fakeeh Technologies has become the first to incorporate Wolters Kluwer Health's UpToDate clinical decision support (CDS), a provider of clinical technology or evidence-based solutions. Three medical centers in Saudi Arabia and the United Arab Emirates now use the well acclaimed CDS, thanks to Fakeeh Care Group, a top healthcare network and care management firm.
• On August 2, 2022, Wolters Kluwer, Health, a professional software solutions, information, and services provider for the healthcare industry, announced that it donated three most demanded clinical decision support (CDS) tools to Mercy Ships, a nonprofit organization that runs two floating hospitals serving underserved populations. The tools donated are Lexicomp, UpToDate, and Lippincott Procedures. Medical professionals operating on the Africa Mercy and the more modern, newest ship, the Global Mercy, will be assisted by the donated software.
• On January 20, 2021, an integrated electronic patient record (EPR) system will be implemented during the course of a 10-year contract between Cerner and the County Durham and Darlington NHS Foundation Trust. Since the Trust selected Cerner to roll out the Cerner Millennium EHR solution, healthcare practitioners will always have access to the complete electronic record of a patient in one location.
Why Purchase the Report?• To visualize the global clinical decision support system market segmentation based on product, type, component, delivery mode, model, mode of advice, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of clinical decision support system market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global clinical decision support system market report would provide approximately 93 tables, 93 figures and 195 Pages.
Target Audience 2023• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies