Market Research Future (MRFR) has published on the “Global Clinical Decision Support System Market”.
Market Research Future (MRFR) has published a cooked research report on the “global clinical decision support system market” that contains information from 2019 to 2032. The clinical decision support system market is estimated to register a CAGR of 10.54% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global clinical decision support system market— Siemens (Germany), Veradigm LLC (Allscripts Healthcare Solutions Inc) (US), Oracle Corporation (US), IBM (US), Carestream Health (US), Wolters Kluwer N.V. (Netherlands), Epic Systems Corporation (US), Chang Healthcare (US), Medical Information Technology, Inc. (US), and Computer Programs and Systems, Inc (US).
Market Highlights
The global clinical decision support system market is accounted for to register a CAGR of 10.54% during the forecast period and is estimated to reach USD 8.92 billion by 2032.
In recent years, there has been an increasing demand for data-driven technologies in the healthcare industry, positively impacting the demand for CDSS. As per the World Health Organization, every year, millions of patients are harmed as a result of unsafe health care, resulting in 2.6 million deaths in low- and middle-income countries alone. Moreover, data-driven technologies such as CDSS help improve patient outcomes and reduce patient complications.
Furthermore, the global healthcare system is also transitioning into a value-based system wherein patient outcome is given the most importance. Such a transition makes it necessary for healthcare institutions to improve patient outcomes and increase efficiency. Hence, there is an increasing demand for data-driven technologies, further driving the CDSS market.
The rising geriatric population, favorable government regulations, and growing demand for data-driven technologies are propelling market growth. However, the risk of data privacy is expected to hamper the growth of the global market. Nevertheless, advancements in the healthcare IT sector are projected to create lucrative opportunities for market players.
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Segment Analysis
The global clinical decision support system market has been segmented based on component, product, model, delivery mode, mode of advice, setting, type, and application.
On the basis of the component, the market is segmented into software, services, and hardware. The software segment was attributed to holding the largest market share of over 55.08% in 2023 revenue as estimated by MRFR analysts. This is due to the rising healthcare cost, intense desire to enhance treatment quality.
Further, we estimate that the market segment will continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new product launches.
On the basis of the product, the market is segmented into Integrated CDSS and Standalone CDSS. The integrated CDSS segment is projected to have the largest market share during the forecast period. This is due to rising pressure to improve patient outcomes and reduce healthcare costs, and the rapid shift of healthcare industries towards integrated solutions.
On the basis of the model, the market is segmented into knowledge-based CDSS and non-knowledge-based CDSS. The knowledge-based CDSS segment is projected to have the largest market share during the forecast period. This is due to the rising prevalence of chronic diseases, and growing demand of evidence-based medicine.
On the basis of the delivery mode the market is segmented into the on-premises CDSS and cloud-based CDSS. The On-Premise CDSS segment is projected to have the largest market share during the forecast period. This is attributed to the growing need for data integration and interoperability.
On the basis of the mode of advice, the market is segmented into the on-premise CDSS and cloud-based CDSS. The active CDSS segment is projected to have the largest market share during the forecast period. This is due to higher adoption rates by clinicians and hospitals due to its lucrative offerings compared to passive CDSS systems.
On the basis of the setting, the market is segmented into the inpatient settings and ambulatory care settings. The inpatient settings segment is projected to have the largest market share during the forecast period. This is due to growing geriatric population, high demand for medication order entry and patient scheduling.
On the basis of the type, the market is segmented into the therapeutic clinical decision support systems and diagnostic clinical decision support systems. The therapeutic clinical decision support systems segment is projected to have the largest market share during the forecast period. This is due to the adoption rate by physicians and their ability to transform clinical health practices by providing a user interface with therapeutic best practices rather than only offering diagnostic support.
On the basis of the application, the market is segmented into the advanced clinical decision support systems and conventional clinical decision support systems. The advanced clinical decision support systems segment is projected to have the largest market share during the forecast period. This is attributed to users opting to upgrade CDSS systems, including premium functions such as treatment planning protocol, population health management, protocol validation, patient record management, reasoning-based models, and health economics management.
Regional Analysis
The global clinical decision support system market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe clinical decision support system market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The clinical decision support system market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world’s clinical decision support system market comprises of Middle East, Africa, and Latin America.
the country's rise in the technological advancement in CDSS, surging demand for healthcare information technology solutions, and high awareness rate among patients are expected to foster North America’s market growth. Furthermore, increasing adoption and usage of CDSS by healthcare service providers and rising healthcare expenditure further contribute to the regional market growth.
Moreover, the Europe market has been persistently growing healthcare expenditure, and demand for diagnostic clinical decision support systems across the region.
Additionally, market factors, such as the improving healthcare infrastructure and the increasing patient population suffering from chronic diseases such as cancer, orthopedic, and cardiovascular diseases are driving the Asia-Pacific region’s growth.
Furthermore, the rest of the world's patient portal market is divided into the Middle East, Africa, and Latin America. The major factors driving the growth of the clinical decision support system market in the region are the technological advancements in CDSS, and growing investment in e-Health infrastructure in the region.
Key Findings of the Study
- The global clinical decision support system market is expected to reach USD 8.92 billion by 2032, at a CAGR of 10.54% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market, owing to the rising need for continuous patient monitoring, and increasing patient population suffering from chronic diseases in the Asia-Pacific region.
- Based on component, the software segment was attributed to holding the largest market in 2023, with an approximate market share of around 55.08%.
- Siemens (Germany), Veradigm LLC (Allscripts Healthcare Solutions Inc) (US), Oracle Corporation (US), IBM (US), Carestream Health (US), Wolters Kluwer N.V. (Netherlands), Epic Systems Corporation (US), Chang Healthcare (US), Medical Information Technology, Inc. (US), and Computer Programs and Systems, Inc. (US) are the key market players.
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Companies Covered | 15 |
Pages | 181 |
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