A new analysis by Reports and Data estimates that by 2027, the market value of the worldwide clinical decision support system (CDSS) is expected to reach USD 2.41 billion. Growing incidences of chronic disorders across different parts of the globe would have a beneficial impact on the growth of the clinical decision support system industry (CDSS). If the number of people admitted to hospitals increases, statistics at the end of the hospitals will grow exponentially. A reliable and error-free method will then be in high demand for data handling, where CDSS would come into play. For instance, machine learning has been used to run a CDS scheme at the University of Pennsylvania that reduces the time for sepsis diagnosis by 12 hours, which will save many people's lives. The algorithm utilises data for analysis from around 160,000 patients and was tested in a survey of another 10,000 participants.
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Key participants in the clinical decision support system market include
- Cerner Corporation
- Epic Systems Corporation
- Zynx Health
- Allscripts Healthcare Solutions Inc.
- IBM
- McKesson Corporation
- Siemens Healthineers
- Meditech
- Philips Healthcare
- Wolters Kluwer Health
It is costly to introduce a clinical decision support system, so the initial phase of this system's launch, financial support, and public awareness play an important role in this sector. This will inevitably improve the state of healthcare of the respective country. For instance, the 13th Five-Year Plan (FYP) of China, launched in November 2015, centred on reforming healthcare services in the country. China's government spending on healthcare increased from 15% in 1999 to 30% in 2013, and out-of-pocket spending dropped from 60% to 34% . In China, IT is being used to revolutionise clinics, drug manufacture, and delivery. Mobile health technology (mHealth) is increasingly used in the world, which would in turn increase communication with rural and remote regions.
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Clinical Decision Support System (CDSS) Market: Segmentation
For the purpose of this report, Reports and Data has segmented the global clinical decision support system (CDSS) market on the basis of component, product, type, mode of delivery, level of interactivity, setting outlook, usage, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
- Services
- Hardware
- Software
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)
- Inpatient
- Ambulatory Care
Usage Outlook (Revenue, USD Million; 2017-2027)
- Knowledge-Based
- Expert Laboratory Information System
- Machine Learning Systems
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
- Others
End-use Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Diagnostic Centers
- Clinics
- Retail Pharmacies
- Others
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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However, the cost of implementing a clinical decision support system is too high for many hospitals and clinics, and this may hamper demand development in the coming years. The cost of maintenance and upgrading software can always be higher than the total cost of the product.
North America has the largest market share in 2019 which is projected to rise at a rate of 8.5 percent in the forecast timeframe. Among other factors, the region's market domination is due to rising technical advancements, strong awareness of patients and a growing focus on delivering quality healthcare facilities.
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