Importance of Data-driven Technologies Expected to Propel the Growth of the Clinical Decision Support System Market
Clinical decision support system, aka CDSS, is a highly important component in the healthcare IT spectrum. Over the years, with advancing technologies, the technology is gaining more and more traction across healthcare systems around the globe. The flexible functionalities of such systems are playing a huge role in accelerating the popularity of the market.
It is reported that in 2017, the market valuation of CDSS stood at USD 890 million and that figure is anticipated to be doubled by the end of the forecast period in 2023.
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Competitive Landscape
Some of the key players in the global clinical decision support system are Meditech, Cerner Corporation, Carestream, Elsevier B.V., Wolters Kluwer Health, Agfa-Gevaert Group, Athenahealth, Inc, Epic Systems Corporation, Allscripts, Hearst health and others.
Market Segmentation
The global clinical decision support systems market is segmented in the following basis: by model, product, delivery mode, mode of advice, type, settings, and applications.
- By product, the market divides into Integrated CDSS and Standalone CDSS. Herein, Integrated CDSS segment holds a majority of the market share and is projected to increase in the near future as well.
- By model, the market includes knowledge-based CDSS and Non-Knowledge-based CDSS. Due to the high number of advantages it provides as compared non-knowledge-based CDSS, the knowledge-based CDSS segment holds a majority of the market portion.
- By delivery mode, the market includes cloud-based and in-premise systems. The cloud-based segment holds a majority of the market share and is expected to garner a striking CAGR over the course of the review period.
- By mode of advice, the market divides into active CDSS and passive CDSS. The active CDSS segment holds a large portion of the market with close to 75% of it coming under its umbrella. The market is expected to grow further in the future with the highest CAGR for the segment between 2018 and 2023.
- By settings, the market segments into ambulatory care settings and inpatient settings. With over 70% of the total market share, Inpatient holds the dominant position in this segmentation and is expected to grow further in the forthcoming years.
- By type, the market includes diagnostic clinical decision support system and therapeutic clinical decision support system. With the highest market share in this segmentation, the therapeutic CDSS segment holds the leading position herein.
- By application, the market includes advanced clinical decision support system and conventional clinical support systems. The former is the dominant one of the two and is expected to garner a CAGR of 12.5% during the forecast period.
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Clinical Decision Support Systems (CDSS) Market Component (Software, Services, Hardware), Product (Integrated CDSS, Standalone CDSS), Model (Knowledge-Based CDSS, Non-Knowledge-Based CDSS), Delivery Mode (On-Premise CDSS, Cloud-Based CDSS), Mode of Advice (Active CDSS, Passive CDSS), Setting (Inpatient Settings, Ambulatory Care Settings), Type (Therapeutic Clinical Decision Support Systems, Diagnostic Clinical Decision Support Systems) and Application (Advanced Clinical Decision Support Systems, Conventional Clinical Decision Support Systems) – Global Forecast till 2027The global clinical decision support systems (CDSS) market, during the forecast period 2018 to 2023, will register growth at a CAGR of 12%.
The market for clinical decision support systems (CDSS) is set to reach US$1.76 billion by 2023.
However, the market will face challenges and restraints due to risk of data privacy and the upload of data leading to vulnerabilities during the forecast period 2018 to 2023.Growing demand for data-driven technologies in the market is set to play a key role in determining the growth potential during 2018 to 2023 years.
The component, product, model, delivery mode, type, mode of advice, application segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market-based decision makers as well as primary and secondary sources.
Additionally, market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others.
The market report covers all such regions including the Middle East, Africa, Brazil, and others.Competitive LandscapeClinical decision support systems (CDSS) have seen increased demand over the years, due to the advent of electronic health records and integration of the clinical decision support system.
