The high prevalence of chronic diseases is one of the significant factors influencing the clinical decision support systems market growth.
The global clinical decision support systems (CDSS) is expected to reach USD 2,406.2 Million by 2027, according to a new report by Emergen Research. The increasing incidences of chronic diseases across different parts of the globe is positively impacting the clinical decision support system (CDSS) market in applications such as drug databases, diagnostic decision support, care plans, and disease reference, among others. The increasing instances of chronic disorder would lead to a growing trend of increasing number of patients entering the hospitals, which would increase the amount of data at the hospitals’ end. Thus, a precise and error-free tool for handling the data would be an inevitable need, where clinical decision support systems (CDSS) would come into play.
The global Clinical Decision Support Systems (CDSS) market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global Clinical Decision Support Systems (CDSS) market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
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The role of government plays an important in bringing any new system or technology in the culture of the healthcare industry. A clinical decision support system is an expensive phenomenon, hence an initial stage of the launch of this system, the financial support, and awareness spread by the government would play an essential role in this industry. This would ultimately improve the healthcare condition of the respective country. For instance, initiated in November 2015, China’s 13th Five-Year Plan (FYP) focused on transforming the healthcare services in the region.
The global Clinical Decision Support Systems (CDSS) market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions. Therefore, the latest report elaborates on the rapidly changing market scenario and conducts preliminary, as well as the future assessment of COVID-19 impact on the market. Moreover, the document contains a broad analysis of prime aspects of the market, with expert opinions on the current market standing and historical data.
Key highlights of the Global Clinical Decision Support Systems (CDSS) Market report:
- The latest report performs an in-depth study of the potential opportunities and risks associated with the global Clinical Decision Support Systems (CDSS) market, alongside studying the recent innovations and major events.
- It offers a conclusive study of the future growth trajectory of the Clinical Decision Support Systems (CDSS) market and throws light on various market drivers, challenges, and constraints.
- A detailed synopsis of the market includes the rapidly changing market dynamics and an accurate prediction of the current, historical, and forecast market size in terms of volume and value
- The intensely competitive atmosphere of the global Clinical Decision Support Systems (CDSS) market detailed in the report stresses on the product offerings and key strategies adopted by the established market players to strengthen their foothold in the industry.
- Key participants include Cerner Corporation, Epic Systems Corporation, Zynx Health, Allscripts Healthcare Solutions Inc., IBM, McKesson Corporation, Siemens Healthineers, Meditech, Philips Healthcare, and Wolters Kluwer Health, among others.
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Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Clinical Decision Support Systems (CDSS) market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global Clinical Decision Support Systems (CDSS) market.
The global Clinical Decision Support Systems (CDSS) market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2020 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
By application, drug databases dominated the clinical decision support systems market in 2019 and are likely to grow at the fastest rate of 10.6% during the forecast period f clinical decision support systems market. Rising prevalence of allergies especially, drug allergies, is driving the demand for a clinical decision support system for recommending, dispensing, or administering a drug to reduce the medication error that may occur and lead to adverse consequences.
Component Outlook (Revenue, USD Million; 2017-2027)
Product Outlook (Revenue, USD Million; 2017-2027)
- Integrated CDSS
- Standalone CDSS
Type Outlook (Revenue, USD Million; 2017-2027)
- Therapeutic CDSS
- Diagnostic CDSS
Mode of Delivery Outlook (Revenue, USD Million; 2017-2027)
- On-Premise CDSS
- Web-Based CDSS
- Cloud-Based CDSS
Level of Interactivity Outlook (Revenue, USD Million; 2017-2027)
- Active CDSS
- Passive CDSS
Setting Outlook (Revenue, USD Million; 2017-2027)
- Ambulatory Care
Usage Outlook (Revenue, USD Million; 2017-2027)
- Expert Laboratory Information System
- Machine Learning Systems
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
End-use Outlook (Revenue, USD Million; 2017-2027)
- Diagnostic Centers
- Retail Pharmacies
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North America held the largest clinical decision support systems market share in 2019 and is projected to grow at a rate of 8.5% in the forecast period. The market dominance of the region is owing to rising advancement in technology, high awareness among patients, and increasing focus on providing better healthcare services, among others.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Global Clinical Decision Support Systems (CDSS) Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Clinical Decision Support Systems (CDSS) Market Segmentation & Impact Analysis
4.1. Clinical Decision Support Systems (CDSS) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Increasing geriatric population
22.214.171.124. High returns on investment for CDSS Solutions
126.96.36.199. High prevalence of chronic diseases
188.8.131.52. Government support and initiatives
4.2.3. Market restraints analysis
184.108.40.206. High cost of implementation
220.127.116.11. Reluctance to adopt mobile CDSS
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Clinical Decision Support Systems (CDSS) Market By Component Insights & Trends, Revenue (USD Million)
5.1. Component Dynamics & Market Share, 2019 & 2027
Chapter 6. Clinical Decision Support Systems (CDSS) Market By Product Insights & Trends Revenue (USD Million)
6.1. Product Dynamics & Market Share, 2019 & 2027
6.1.1. Integrated CDSS
6.1.2. Standalone CDS
Chapter 7. Clinical Decision Support Systems (CDSS) Market By Type Insights & Trends Revenue (USD Million)
7.1. Type Dynamics & Market Share, 2019 & 2027
7.1.1. Therapeutic CDSS
7.1.2. Diagnostic CDSS
To be continue..!
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