A Global Clinical Decision Support Systems (CDSS) Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Clinical Decision Support Systems (CDSS) industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Clinical Decision Support Systems (CDSS) market, this study covers qualitative and quantitative aspects of the Clinical Decision Support Systems (CDSS) Market A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
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.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Clinical Decision Support Systems (CDSS) industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Clinical Decision Support Systems (CDSS) industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Clinical Decision Support Systems (CDSS) industry.
Key insights presented in the report:
- Market revenue shares by major business players, by type, by application, and market scope of global Clinical Decision Support Systems (CDSS) market
- Sales revenue by key players and new entrants
- Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight to recent trends and opportunities
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Clinical Decision Support Systems (CDSS) market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Cerner Corporation, Epic Systems Corporation, Zynx Health, Allscripts Healthcare Solutions Inc., IBM, McKesson Corporation, Siemens Healthineers, Meditech, Philips Healthcare, and Wolters Kluwer Health
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Clinical Decision Support Systems (CDSS) market expected to boost the growth of the industry in the coming years.
Clinical Decision Support Systems (CDSS) Market Segmentation:
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
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Target Audience of the Global Clinical Decision Support Systems (CDSS) Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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Importance of Data-driven Technologies Expected to Propel the Growth of the Clinical Decision Support System MarketClinical 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.Get Free Sample at https://www.marketresearchfuture.com/sample_request/6038Competitive LandscapeSome 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 SegmentationThe 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.
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.
Global Clinical Decision Support Systems Market is expected to reach USD 791.25 million by 2024.
The Clinical Decision Support System (CDSS) Market is estimated to grow at a significant CAGR of 6.7% over the future period as the scope and its applications are rising enormously across the globe.The increasing government initiatives, growing aging population, acceptance of HCIT solutions in healthcare, and growing number of people suffering from chronic diseases are documented as major factors of clinical decision support systems industry that are estimated to enhance the growth in the years to come.
However, saturated end-user market and lack of skilled personnel are the factors that may restrain overall market growth in the forecast period.
Clinical Decision Support System industry is segmented based on types, product types, delivery mode, components, user inactivity, application, and region.Diagnostics CDSS and Standalone CDSS are the types that could be explored in Clinical Decision Support System in the years to come.
This may be because of, acceptance of computerized prescription patterns in developed regions.The market is categorized based on delivery mode like On-Premises Delivery, Web Delivery, Cloud Delivery, and others.
Also, cloud-based delivery segment is estimated to grow at highest CAGR in the upcoming years.The software sector is at topmost position due to the need for intervallic software upgradation.
