Global Clinical Decision Support System Market Analysis
Overview
A clinical decision support system (CDSS) is an IT-based technology that aids medical professionals by giving relevant inputs about patients in order to improve the patient’s health result. This system delivers personalized, specific treatment data, resulting in improved patient care. Automated notifications and alerts to care providers and patients, treatment practice and procedures, condition-specific order sets, concentrated patient data summary reports, clever documentary evidence templates, analytic assistance, multi-patient monitors and dashboards, contextually relevant reference information, and forecast and retrospective analysis are some of the techniques in the clinical decision support system.
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Patient portals have a variety of advantages, including reduced clinical inaccuracy and malignancies, enhanced healthcare service quality, increased efficiency, and lower total healthcare costs. Clinical decision support systems are a type of developing healthcare technology that focuses on improving clinical practice. This system might help healthcare practitioners deal with the problem of clinical information overload when making regular decisions. A clinical decision support system is a platform for integrating evidence-based information into care delivery, resulting in better clinical outcomes.
In 2017, the global clinical decision support system market was worth US$ 767.4 million, and it is anticipated to grow at a CAGR of 11.69 percent from 2018 to 2026.
Drivers
Medical interventions have been shown to be beneficial in minimizing the time spent in hospitals, lowering hospital readmissions, preventing medical errors, and adverse outcomes caused by clinical practice, as per a report published by the Healthcare Information and Management Systems Society in 2011. The benefits that clinical decision support systems provide are projected to enhance its acceptance among end users, resulting in growth of the global clinical decision support system market.
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According to data released by the Organization for Economic Cooperation and Development in 2017, developed economies such as the U.S. spent around US$ 10,000 per person annually. Various medical mistakes and adverse medication occurrences result in significant costs. In 2016, more than 250,000 individuals died in the U.S. as a result of medical mistakes, according to a research published in the BMJ. By incorporating CDSS into the healthcare provider system, a significant number of fatalities and additional hospital costs can be avoided.
Clinical decision support systems as well as other healthcare IT frameworks must be adopted and used meaningfully by 2015, according to legislation such as the Health Information Technology for Economic and Clinical Health Act (HITECH). Failure to do so led in Medicare reimbursements being reduced the next year (after 2015).
The rising global incidence of chronic diseases including cancer, diabetes, and cardiovascular disease is driving up demand for effective diagnosis, treatment, and ongoing care. According to the American Heart Association, the yearly cost of cardiovascular disease and stroke was US$ 193.1 billion in medical treatment and US$ 123 billion in lost productivity during 2011–2012. This cost may be cut in half by using a clinical decision support system to curb key CVD risk factors including hypertension, hypercholesterolemia, and diabetes.
Restraints
The CDSS system has a few limitations in terms of functioning, which might limit growth of the global clinical decision support system market.
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CDSS must connect with the clinical workflow of a healthcare practitioner, which is a difficult process. Large volumes of data are incorporated into existing systems, putting a burden on hardware and software maintenance.
Few stand-alone clinical decision support systems have the ability to integrate with EHR systems, which can lead to job repetition.
Monitoring patient information from clinical practice research and medical trials on a regular basis is difficult, given the large number of research and medical studies released every day.
The global clinical decision support system market is projected to expand due to some major participants releasing new products. The U.S. Food and Drug Administration (FDA) gave Viz.Contact AI’s software commercial authorization in February 2018. It is the first Clinical Decision Support (CDS) system based on Artificial Intelligence to be authorized in the U.S. Key companies’ integration of the Electronic Health Record (EHR) and Computerized Physician Order Entry (CPOE) into CDSS is projected to boost CDSS adoption, propelling the global clinical decision support system market forward. To increase their customer base and boost revenue possibilities, prominent firms are engaging into license agreements with top hospitals and healthcare organizations.
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Competitive Landscape
Major companies contributing in the global clinical decision support system market are Carestream Health Inc., Zynx Health, Change Healthcare, GE Healthcare, IBM Watson Health, Wolters Kluwer NU, Allscripts Healthcare Solutions, Inc., Cerner Corporation, Philips Healthcare, Siemens Healthineers, Athena Health, Medical Information Technology Inc., Agfa Healthcare, NextGen Healthcare Information Systems, and First Databank, Inc.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By Component
- Market Snippet, By Delivery Mode
- Market Snippet, By Application
- Market Devices, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- New Product Launches
- Mergers and Acquisitions
- Regulatory Scenario
- Reimbursement Scenario
- PEST Analysis
- Technology Overview
- Market Dynamics
- Global Clinical Decision Support System Market, By Product, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- Stand Alone CDSS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Integrated CDSS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Clinical Decision Support System Market, By Component, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Clinical Decision Support System Market, By Mode of Deleivery, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- On Premise CDSS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Cloud based CDSS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Clinical Decision Support System Market, By Applications, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- Diagnosis Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Prescription Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Clinical Reminders and Guidelines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Clinical Decision Support System Market, By End User, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 – 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Ambulatory Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Clinical Decision Support System Market, By Region, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 – 2026
- North America
- Market Size and Forecast, By Product, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Mode of Delivery, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Mode of Delivery, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Mode of Delivery, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Mode of Delivery, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018-2026, (US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Mode of Delivery, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018-2026, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Mode of Delivery, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018-2026, (US$ Million)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Market Share Analysis
- Company Profiles
-
- Analyst Views
- Section
-
- References
- Research Methodology
- About Us and Sales Contact
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