Clinical Decision Support System(CDSS) Market Analysis Report To 2022 By Grand View Research, Inc

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Global, clinical decision support system (CDSS) market is anticipated to grow over the forecast period in light of increasing need to integrate healthcare systems. As the global patient population base is increasing, there is an increasing the demand for integrated form of healthcare provision from the medical organisations. Additionally, growing demand for analytical solutions for minimizing medication errors is expected to further boost the market over the forecast period. With the help of CDSS, clinicians are able to take more safe, planned and effective medical decisions. Preventive care, diagnostics, interpretation & prognostics, therapeutics image recognition and comprehensive disease management are few of the areas were CDSS is used. Increasing adaptation of IT in healthcare is expected to be a high impact rendering driver for the market over the coming seven years.

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Under delivery mode, web based held the largest market share in 2014, owing to its being cost effective, quick and providing ease of transfer of medical records. Under application segment, drug allergy alerts held the largest market share in 2014, in light of various advantages attached to it such as just-in-time alerts, prompt recommendation and improved low cost medical care. As of 2014, knowledge-based CDSS solutions held the largest market share under model segment. The reason for its dominance was on the basis of its being equipped with interference engine, the medical decisions are thus taken as per the medical logic modules. CDSS with EHR dominated the entire product types segment in 2014, owing to ease of retrieving medical data as per the future requirement.

Geographically, the clinical decision support system market is studied with respect to five regions, which are North America, Europe, Asia Pacific, Latin America and MEA. Among these, North America dominated the market in 2014, owing to the sophisticated healthcare infrastructure, large number of hospitals & research institutes, strong R&D practices, availability of advanced technology system and various government & NGO’s initiatives. Over the forecast period Asia Pacific is expected to witness lucrative growth in light of developing economies, growing healthcare infrastructure, huge investment by investors and government bodies in the healthcare sector.

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The major market players of the clinical decision support system market are Accenture, iMDsoft, Quintiles, Clinicmaster, Surgical Information Systems LLC, Allegro CTMS, Clinical Computing, Thermo scientific, ITH icoserve, Promantra, Inc., Haitai Medical Information Systems Co., Clinical Computer Systems, Inc., Healthcare Management Systems SCC Soft Computer and 3M Health Information Systems. The market is highly competitive in nature; therefore, the companies are opting for various business strategies such as merger & acquisitions, new product development and opening of manufacturing plants in labour intensive countries for reducing the overall cost of their product to attract more customers.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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