The global clinical decision support system market is forecast to grow at a compound annually growth rate of 10.5% during the forecast period 2022-2030. A clinical data management system includes clinical decision support systems. Healthcare providers use CDSS to analyze data for clinical decision making. The clinical decision support system enables doctors, and nurses to create and review diagnoses for better final outcomes.Clinical decision-making can be a difficult task. It requires a competent practitioner, a supportive setting, and reliable informational inputs. CDSS as a supporting tool can address the problems healthcare entities face in clinical decision making. CDSS is recognized as an important tool that can be used to improve and streamline healthcare delivery.Market growth is driven by the growing demand for quality care and integrated technological solutions. The market is evidencing an increase in adoption of information systems by hospitals, healthcare institutes, and favorable initiatives by various governments around the globe. FDA strictly regulates clinical decision-support systems.
CDSS has played a pivotal role in the fight against COVID-19. Healthcare workers have been able to stay abreast with all COVID information and intelligence, CDSS helps to improve the quality care they give. Infectious disease society of America recommended that patients with a high to moderate probability of COVID-19 be tested again. COVID-19, the pandemic, has created a need for social distancing of physicians and patients. This has driven the demand to remote patient monitoring and Telehealth Solutions. This market has many players that have integrated COVID-19 related features into their EHRs. These features are free to users.EMR and EHR platforms for complex patient data management have increased in demand because of the increasing patient volume. As a consequence, hospitals are more focused on improving their capabilities by integrating multiple hospital systems and EHRs.
Rapid technological advancements in biotechnology and bioinformics have led to improvements and optimizations of data storage, management, as well as analytics platforms. Due to large corporate investments in R&D, there will be a significant number of innovations on the market. The seamless integration of cloud computing and interoperability Platforms in different systems will also promote smooth functioning. This will boost the adoption rate of CDSS.
Collaborations between CDSS providers with hospitals have experienced a huge increase over the past few years. There is a growing demand for CDSS and EHR system adoption due to government recognition. Integration with Electronic Health Records increases efficiency of clinical care, as it reduces time and makes it easier to find a patient's past and clinical records. CDSS integration into EHRs (Electronic Health Records), has been approved by the U.S. Government.
Unintentional failures in drug treatment may lead to medication errors. These can adversely affect patients' health. Most preventable adverse events that can occur are caused by errors in the administration, storage, preparation, and prescribing of medicines. EHRs provide complete and accurate information that includes a patient's entire illness history. Patients and healthcare professionals can receive proper care. These records can improve diagnostics, reduce errors, save patients time, and even lower waiting times. Hospitals and physicians need to implement and utilize CDSS and complementary systems in order provide high quality care. This trend is increasing worldwide.In the clinical decision support market, there have been many trends such as a growing number and quality of collaborations among healthcare IT providers, increased mergers and acquisitions, new product launches and an increasing number.
Cloud-based CDSSs pose a significant security risk. The vendor hosts the data, which is less secure than that on-premise. Patient information is highly confidential and should be protected so that it can only be accessed by authorized personnel. HIPAA (Health Insurance Portability and Accountability Act), is a legal framework that has examined patient information across countries. The EU Data Protection Regulation was also established by the European Union. It has implications for the security of sensitive data. In many countries, the protected data of a patient cannot be transferred outside their country. Public cloud faces the same security challenges as traditional IT systems. It is therefore not recommended. Private clouds offer more access systems and protocols but are less reliable for healthcare professionals.
Many factors, such the implementation and growth in government healthcare expenditures and the presence of IT specialists in emerging Asian countries such as China, India, and China, will help to grow the CDSS industry in Asia. Technology plays a significant role in China. The authorities there are focusing their attention on reforming China's health management sector. They currently face challenges like chaotic patient records, underfunded rural healthcare centers, overburdened hospitals and a nationwide shortage for doctors.In July 2015, India launched the Digital India campaign. The goal was to ensure that citizens can access government services electronically by improving IT infrastructure in India and increasing Internet connectivity. Digital India's ehealth initiative will include the integration patient EHRs into an electronic locker that can be stored for the rest of your life. EMR/EHR Standards for Japan were established by the government in September 2013. The standards were further updated in December 2016. Japan's CDSS Market is expected to grow substantially due to the increasing geriatrics, increased incidence of lifestyle illnesses, and strong government initiatives including the e-Japan Strategy 2015, the new IT strategy, as well as the i-Japan Strategy 2015. Digital infrastructure for healthcare has always been very weak in Asian geographies in comparison to the U.S., however, there is a significant transition on way since the last decade with multiple government initiatives in APAC region. Such trends are expected to have a very significant positive impact on the APAC market.
In 2021, the market was dominated by the knowledge-based CDSS sector, accounting to about60% of market revenues. This segment is forecast to have the highest estimated CAGR of 10.2% during the forecast period 2022-2030. Exhaustivelist of positive functionalities of knowledge based CDSS can explain the high share and high growth in this market. They allow clinicians to use knowledge-based reasoning to make clinical judgments even when there is uncertainty. These systems can be integrated in clinical workflows. They also have a lower rate of errors than systems that are not knowledge-based.
The Standalone CDSS earned the largest revenue share, with more than 30% in 2021. It is popular because of its simplicity and low cost. Its popularity has been attributed to its ease-of-use in hospitals and clinical settings. The market will continue to be dominated by the standalone segment during the forecast period. CDSS products may be used in combination with EHR, CPOE, and/or standalone.
In 2021, drug allergies alerts held the largest revenue share with a 25.0% increase. Many people have allergies to certain drugs. Therefore, it is vital to have systems that provide alerts for allergy. The prevalence of allergies, also known as drug allergies, is on the rise. There are many ways that a medication error could occur.The growth of the segment clinical guidelines is expected over the forecast. The CDS system provides guidelines and diagnostics. It retrieves data in the knowledge base, and it uses it for treatment. This provides the practitioner with clinical guidance to be followed throughout the treatment course, which improves the quality of the care.
In 2021 the largest revenue share was taken by the segment of on-premise systems, which accounted for over 40.0%. Cloud-based systems had the second highest revenue share in 2021 due to innovation in information technology with potential applications for the healthcare sector. This sector has experienced significant growth because of its reliability, cost-efficiency, and other factors. Platform as a Service - Provides a platform for software development, Infrastructure as a Service - Uses virtual technology to create a user interface and Software as a Service - The most critical aspect of a cloud provider is software installation and management.
CDSSs needs access to the healthcare data and information that is stored in a central database. Access to web-based data is possible via mobile and computer devices. Web-based tools use the web-stored data to assist medical practitioners with their decisions. Innovative technology has allowed web-based systems to be created for precise diagnosis of various conditions.
North America led the global CDSS industry in 2021by contributing to over 45.0% of the revenue share. This can be explained by the rising demand in healthcare information technology solutions. This region is experiencing rapid technological advancements as well as the rising importance of providing high quality healthcare services.Asia Pacific is projected to be fastest-growing market during the forecast period. This is due to growing investments in the health sector in countries such as Australia. The Asia Pacific region has great potential due to rising R&D expenditures and increasing governments focus onthe use of information technology in the healthcare field. Geriatric population growth is another factor that will fuel the Asia Pacific markets. New opportunities for clinical decisions support systems have expanded due to increasing use of cloud computing as well as government initiatives. Additionally, emerging markets such India, Japan and China offer huge potential for clinical decision support systems growth.
The market is quite competitive and the level of competition is expected to rise during the forecast period. The market is characterized by the presence most prominent participants. Key competitive strategies include product launches, product innovations and acquisitions.The global market for clinical decision-support systems (CDSS), includes some prominent players such as Cerner (US), Epic US), MEDITECH US), Wolters Kluwer Health US (Netherlands), Zynx Health US (Netherlands), Elsevier B.V. US (Netherlands), IBM Watson Health US (US), Allscripts Healthcare Solutions US (US), NextGen Healthcare US (US), Siemens Healthineers Germany (Germany).
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of clinical decision support system market are as follows:
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CDSS Emerged as a Key Tool to Fight Against Covid-19, Opening Up New Application Areas
CDSS has played a pivotal role in the fight against COVID-19. Healthcare workers have been able to stay abreast with all COVID information and intelligence, CDSS helps to improve the quality care they give. Infectious disease society of America recommended that patients with a high to moderate probability of COVID-19 be tested again. COVID-19, the pandemic, has created a need for social distancing of physicians and patients. This has driven the demand to remote patient monitoring and Telehealth Solutions. This market has many players that have integrated COVID-19 related features into their EHRs. These features are free to users.EMR and EHR platforms for complex patient data management have increased in demand because of the increasing patient volume. As a consequence, hospitals are more focused on improving their capabilities by integrating multiple hospital systems and EHRs.
Cohesive Market Environment Encouraging Rapid Growth of Technologies Remains as the key Driver
Rapid technological advancements in biotechnology and bioinformics have led to improvements and optimizations of data storage, management, as well as analytics platforms. Due to large corporate investments in R&D, there will be a significant number of innovations on the market. The seamless integration of cloud computing and interoperability Platforms in different systems will also promote smooth functioning. This will boost the adoption rate of CDSS.
Collaborations between CDSS providers with hospitals have experienced a huge increase over the past few years. There is a growing demand for CDSS and EHR system adoption due to government recognition. Integration with Electronic Health Records increases efficiency of clinical care, as it reduces time and makes it easier to find a patient's past and clinical records. CDSS integration into EHRs (Electronic Health Records), has been approved by the U.S. Government.
Unintentional failures in drug treatment may lead to medication errors. These can adversely affect patients' health. Most preventable adverse events that can occur are caused by errors in the administration, storage, preparation, and prescribing of medicines. EHRs provide complete and accurate information that includes a patient's entire illness history. Patients and healthcare professionals can receive proper care. These records can improve diagnostics, reduce errors, save patients time, and even lower waiting times. Hospitals and physicians need to implement and utilize CDSS and complementary systems in order provide high quality care. This trend is increasing worldwide.In the clinical decision support market, there have been many trends such as a growing number and quality of collaborations among healthcare IT providers, increased mergers and acquisitions, new product launches and an increasing number.
Data Security Remains as The Key Impeding Factor
Cloud-based CDSSs pose a significant security risk. The vendor hosts the data, which is less secure than that on-premise. Patient information is highly confidential and should be protected so that it can only be accessed by authorized personnel. HIPAA (Health Insurance Portability and Accountability Act), is a legal framework that has examined patient information across countries. The EU Data Protection Regulation was also established by the European Union. It has implications for the security of sensitive data. In many countries, the protected data of a patient cannot be transferred outside their country. Public cloud faces the same security challenges as traditional IT systems. It is therefore not recommended. Private clouds offer more access systems and protocols but are less reliable for healthcare professionals.
Asian Healthcare Industry’s Transition to Digital Platforms Opening Up Significant Opportunities
Many factors, such the implementation and growth in government healthcare expenditures and the presence of IT specialists in emerging Asian countries such as China, India, and China, will help to grow the CDSS industry in Asia. Technology plays a significant role in China. The authorities there are focusing their attention on reforming China's health management sector. They currently face challenges like chaotic patient records, underfunded rural healthcare centers, overburdened hospitals and a nationwide shortage for doctors.In July 2015, India launched the Digital India campaign. The goal was to ensure that citizens can access government services electronically by improving IT infrastructure in India and increasing Internet connectivity. Digital India's ehealth initiative will include the integration patient EHRs into an electronic locker that can be stored for the rest of your life. EMR/EHR Standards for Japan were established by the government in September 2013. The standards were further updated in December 2016. Japan's CDSS Market is expected to grow substantially due to the increasing geriatrics, increased incidence of lifestyle illnesses, and strong government initiatives including the e-Japan Strategy 2015, the new IT strategy, as well as the i-Japan Strategy 2015. Digital infrastructure for healthcare has always been very weak in Asian geographies in comparison to the U.S., however, there is a significant transition on way since the last decade with multiple government initiatives in APAC region. Such trends are expected to have a very significant positive impact on the APAC market.
Knowledge Based CDSS Segment Taking Over 60% of Revenue Share
In 2021, the market was dominated by the knowledge-based CDSS sector, accounting to about60% of market revenues. This segment is forecast to have the highest estimated CAGR of 10.2% during the forecast period 2022-2030. Exhaustivelist of positive functionalities of knowledge based CDSS can explain the high share and high growth in this market. They allow clinicians to use knowledge-based reasoning to make clinical judgments even when there is uncertainty. These systems can be integrated in clinical workflows. They also have a lower rate of errors than systems that are not knowledge-based.
Standalone CDSS Dominated the Product Market
The Standalone CDSS earned the largest revenue share, with more than 30% in 2021. It is popular because of its simplicity and low cost. Its popularity has been attributed to its ease-of-use in hospitals and clinical settings. The market will continue to be dominated by the standalone segment during the forecast period. CDSS products may be used in combination with EHR, CPOE, and/or standalone.
Application in Drug Allergies Contributed to the Largest Revenues
In 2021, drug allergies alerts held the largest revenue share with a 25.0% increase. Many people have allergies to certain drugs. Therefore, it is vital to have systems that provide alerts for allergy. The prevalence of allergies, also known as drug allergies, is on the rise. There are many ways that a medication error could occur.The growth of the segment clinical guidelines is expected over the forecast. The CDS system provides guidelines and diagnostics. It retrieves data in the knowledge base, and it uses it for treatment. This provides the practitioner with clinical guidance to be followed throughout the treatment course, which improves the quality of the care.
On-Premise Systems Still Dominating the Market
In 2021 the largest revenue share was taken by the segment of on-premise systems, which accounted for over 40.0%. Cloud-based systems had the second highest revenue share in 2021 due to innovation in information technology with potential applications for the healthcare sector. This sector has experienced significant growth because of its reliability, cost-efficiency, and other factors. Platform as a Service - Provides a platform for software development, Infrastructure as a Service - Uses virtual technology to create a user interface and Software as a Service - The most critical aspect of a cloud provider is software installation and management.
CDSSs needs access to the healthcare data and information that is stored in a central database. Access to web-based data is possible via mobile and computer devices. Web-based tools use the web-stored data to assist medical practitioners with their decisions. Innovative technology has allowed web-based systems to be created for precise diagnosis of various conditions.
North America Led the Market, yet APAC Promising Opportunities
North America led the global CDSS industry in 2021by contributing to over 45.0% of the revenue share. This can be explained by the rising demand in healthcare information technology solutions. This region is experiencing rapid technological advancements as well as the rising importance of providing high quality healthcare services.Asia Pacific is projected to be fastest-growing market during the forecast period. This is due to growing investments in the health sector in countries such as Australia. The Asia Pacific region has great potential due to rising R&D expenditures and increasing governments focus onthe use of information technology in the healthcare field. Geriatric population growth is another factor that will fuel the Asia Pacific markets. New opportunities for clinical decisions support systems have expanded due to increasing use of cloud computing as well as government initiatives. Additionally, emerging markets such India, Japan and China offer huge potential for clinical decision support systems growth.
Level of Competition to Raise During the Forecast Period
The market is quite competitive and the level of competition is expected to rise during the forecast period. The market is characterized by the presence most prominent participants. Key competitive strategies include product launches, product innovations and acquisitions.The global market for clinical decision-support systems (CDSS), includes some prominent players such as Cerner (US), Epic US), MEDITECH US), Wolters Kluwer Health US (Netherlands), Zynx Health US (Netherlands), Elsevier B.V. US (Netherlands), IBM Watson Health US (US), Allscripts Healthcare Solutions US (US), NextGen Healthcare US (US), Siemens Healthineers Germany (Germany).
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of clinical decision support system market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the clinical decision support system market and their expected impact during the forecast period.
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of clinical decision support system market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the clinical decision support system market?
- Which is the largest regional market for clinical decision support system market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving global clinical decision support system market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the clinical decision support system market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Clinical Decision Support System Market: Business Outlook & Market Dynamics
4. Clinical Decision Support System Market: By Product, 2020-2030, USD (Million)
5. Clinical Decision Support System Market: By Application, 2020-2030, USD (Million)
6. Clinical Decision Support System Market: By Delivery Mode, 2020-2030, USD (Million)
7. Clinical Decision Support System Market: By Component, 2020-2030, USD (Million)
8. Clinical Decision Support System Market: By Model, 2020-2030, USD (Million)
9. Clinical Decision Support System Market: By Type, 2020-2030, USD (Million)
10. Clinical Decision Support System Market: By Level of Interactivity, 2020-2030, USD (Million)
11. Clinical Decision Support System Market: By Settings, 2020-2030, USD (Million)
12. North America Clinical Decision Support System Market, 2020-2030, USD (Million)
13. UK and European Union Clinical Decision Support System Market, 2020-2030, USD (Million)
14. Asia Clinical Decision Support System Market, 2020-2030, USD (Million)
15. Latin America Clinical Decision Support System Market, 2020-2030, USD (Million)
16. Middle East and Africa Clinical Decision Support System Market, 2020-2030, USD (Million)
17. Company Profiles
Companies Mentioned
- Cerner (US)
- Epic US)
- MEDITECH US)
- Wolters Kluwer Health US (Netherlands)
- Zynx Health US (Netherlands)
- Elsevier B.V. US (Netherlands)
- IBM Watson Health US (US)
- Allscripts Healthcare Solutions US (US)
- NextGen Healthcare US (US)
- Siemens Healthineers Germany (Germany).
