Report Id: SNS/HC/1264 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Clinical Decision Support Systems Market Size was valued at USD 4.61 billion in 2021 and is expected to reach USD 9.10 billion by 2028, and grow at a CAGR of 10.2% over the forecast period 2022-2028.
One of the important factors driving market expansion is the growing need for high-quality care and integrated, dependable technical solutions. Hospitals and healthcare institutions are increasingly adopting information technology, and various governments throughout the world are taking positive steps to boost the sector. The FDA, for example, regulates clinical decision support systems quite carefully. As a result, platforms that have been released or in the development phase must meet FDA and CE Mark requirements. In addition, competitors must ensure that information technology and cyber regulations are not broken in order to ensure the integrity of their products.
Medication errors are becoming more common.
Hospitals are becoming more numerous.
Data-driven technologies are becoming increasingly popular.
The number of emergency department (ED) visits is decreasing.
Data Privacy Threat
Implementation Costs Are Exorbitant
Healthcare Information Technology Advancements
Asian countries in transition
IMPACT OF COVID-19
Medical practices of all sizes are under tremendous strain as a result of the COVID-19 pandemic, and healthcare facilities around the world have been overburdened by the high number of patients who see them on a regular basis. In various nations around the world, the onset of this epidemic has fueled demand for effective detection and treatment equipment. Clinical decision support systems have proven to be quite useful in this area, as they allow healthcare personnel to monitor patients using non-invasive digitally connected equipment like home blood pressure monitors and pulse oximeters. Furthermore, due to the disease's rapid spread around the world, hospital wards and healthcare staff are in limited supply. The need for linked medical devices for vital sign monitoring has risen as a result.
The COVID-19 epidemic has also raised the requirement for social distancing between physicians and patients, driving demand for distant patient monitoring and telemedicine solutions, as well as the necessity for accurate and rapid patient health record interchange. Several market companies have included COVID-19-related functionality into their existing EHRs, which are being made available to consumers for free.
The demand for EMR and EHR solutions to manage sophisticated patient data has expanded as patient volumes have grown. As a result, hospitals are focusing more on enhancing their capabilities by connecting multiple hospital systems with EHRs.
Due to its low cost and simplicity, standalone CDSS had the highest revenue share in 2021. Its popularity is due to its ease of usage in hospitals and therapeutic settings. All throughout projected period, the solitary category will continue to dominate the market. CDSS items can be utilized autonomously or related to an EHR or CPOE, or both.
Drug allergy notifications accounted for approximately 25.0 percent of total revenue. Because many people are allergic to certain pharmaceuticals, it is critical to have systems in place that provide allergy alerts. The prevalence of allergies, particularly medication allergies, is increasing. A medical error can occur during the process of prescribing, dispensing, or administering a prescription, and it can have serious consequences, such as giving medication to a patient who has a documented allergy to that substance.
The services segment accounted for almost 41.0 percent of total revenue. This is due to regular programe upgrades and the knowledge base available for use. The support of parts and their adornments is one of CDSS's administrations. It incorporates equipment and programming overhauls, as well as admittance to an information data set that covers the latest leap forwards and medications.
The on-premise systems category accounted for nearly 41.0 percent of total sales. Due to tremendous advancement in information technology, cloud-based systems represented the second-largest revenue share in 2021, with potential applications in the healthcare industry. The expansion of this segment is fueled by factors such as reliability and cost-effectiveness.
Some of the major key players are as follows: IBM Corporation, Allscripts Healthcare, LLC, Koninklijke Philips N.V. (Royal Philips), McKesson Corporation, NextGen Healthcare Inc., Cerner Corporation, Siemens Healthineers GmbH, Wolters Kluwer N.V., athenahealth, Inc., Agfa-Gevaert Group, and other players.
Integrated E.H.R. with CDSS
Integrated CPOE with CDSS
Integrated CDSS with CPOE & E.H.R.
By Application type
Drug Allergy Alerts
Drug Dosing Support
By Delivery Type
By Component type
North America, Europe, Asia Pacific (APAC), and the Rest of the World are the segments of the clinical decision support system market. Over the next five years, the market in APAC is predicted to develop at the fastest rate. The CDSS market in Asia is predicted to increase due to factors such as the presence of a large ageing population, improved government laws, a high burden of chronic diseases, and the increasing focus of key industry players on emerging Asian countries.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 4.61 Billion|
|Market Size by 2028||US$ 9.10 Billion|
|CAGR||CAGR of 10.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product (Standalone CDSS, Integrated E.H.R. with CDSS, Integrated CPOE with CDSS, Integrated CDSS with CPOE & E.H.R.)
• By Application type (Clinical Reminders, Drug-drug Interactions, Clinical Guidelines, Drug Allergy Alerts, Drug Dosing Support, Others)
• By Delivery Type (Cloud-based Systems, Web-based Systems, On-premise Systems)
• By Component type (Software, Hardware, Services)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||IBM Corporation, Allscripts Healthcare, LLC, Koninklijke Philips N.V. (Royal Philips), McKesson Corporation, NextGen Healthcare Inc., Cerner Corporation, Siemens Healthineers GmbH, Wolters Kluwer N.V., athenahealth, Inc., Agfa-Gevaert Group, and other players.|
|DRIVERS||• Medication errors are becoming more common.
• Hospitals are becoming more numerous.
• Data-driven technologies are becoming increasingly popular.
|RESTRAINTS||• Data Privacy Threat
• Implementation Costs Are Exorbitant
Frequently Asked Questions (FAQ) :
Clinical Decision Support Systems Market Size was valued at USD 4.61 billion in 2021.
IBM Corporation, Allscripts Healthcare, LLC, Koninklijke Philips N.V. (Royal Philips), McKesson Corporation, NextGen Healthcare Inc., and Cerner Corporation are the key players in the Clinical Decision Support Systems Market.
Over the next five years, the market in APAC is predicted to develop at the fastest rate. The CDSS market in Asia is predicted to increase.
Medication errors are becoming more common, Hospitals are becoming more numerous, and Data-driven technologies are becoming increasingly popular all propelling the Clinical Decision Support Systems market forward.
Data Privacy Threat, Implementation Costs Are Exorbitant are the main restraints of the Clinical Decision Support Systems market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Clinical Decision Support Systems Market Segmentation, By Product
8.1 Standalone CDSS
8.2 Integrated E.H.R. with CDSS
8.3 Integrated CPOE with CDSS
8.4 Integrated CDSS with CPOE & E.H.R.
9. Clinical Decision Support Systems Market Segmentation, By Application type
9.1 Clinical Reminders
9.2 Drug-drug Interactions
9.3 Clinical Guidelines
9.4 Drug Allergy Alerts
9.5 Drug Dosing Support
10. Clinical Decision Support Systems Market Segmentation, By Delivery Type
10.1 Cloud-based Systems
10.2 Web-based Systems
10.3 On-premise Systems
11. Clinical Decision Support Systems Market Segmentation, By Component type
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 IBM Corporation
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Allscripts Healthcare, LLC
13.3 Koninklijke Philips N.V. (Royal Philips)
13.4 McKesson Corporation
13.5 NextGen Healthcare Inc.
13.6 Cerner Corporation
13.7 Siemens Healthineers GmbH
13.8 Wolters Kluwer N.V.
13.9 thenahealth, Inc.
13.10 Agfa-Gevaert Group.
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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