Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Clinical Decision Support System Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Clinical
Decision Support System Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Clinical Decision Support System Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Clinical
Decision Support System Market is offered. In
accordance with the report, the global Clinical Decision Support System
Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Clinical
Decision Support System is a system of health-based information technology. It
is designed to provide assistance in health-related decision-making tasks by
physicians, and healthcare staffs, officials and professionals. Robert Hayward
of Centre for Health Evidence defines clinical decision support system as
“Clinical decision support systems link health observations with health
knowledge to influence health choices by clinicians for improved health care”.
A significant segment of artificial intelligence in medicine is clinical
decision support systems.
Market Drivers
The
rising cases of medication error and the drive to lower such cases owing to its
negative impact on the patients is driving the growth of this market. Some
common preventable errors include mistakes in administration, preparation,
storage, transportation and prescription of medicines. The necessity to keep
track of patient’s health history for better treatment, error emission,
timeliness, reduction in the patient’s waiting hours and to obtain quality care
is driving the widespread application of CDSS and its market.
The
supportive measures undertaken by the governments of various nations is
powering the growth of this market. The Food and Drug Administration keeps
strict vigilance on the implementation and various aspects of clinical decision
support system. For example, the announcement of market clearance for the
contact application of Viz.AL by FDA in 2018. These factors positively affect
this market.
The
rapid advancement in Bioinformatics and biotechnology and its application in
medical science is boosting the growth of this market. further, the association
of a range of interoperability platforms with cloud computing is fueling the
growth of this market.
The
soaring proportion of aging population and their sufferance from geriatric
diseases coupled with the trending emergency visits especially in the pandemic
times is fueling the growth of the clinical decision support system market.
Market Restraints
The
establishment of clinical decision support system in the healthcare sector is a
costly affair which is a bottleneck for the growth of this market.
The
unwillingness attitude towards the adoption of mobile clinical decision support
system is hindering the growth of this market.
The lack
of security and privacy of sensitive health related date is threatening the
growth of this market. A study of the cybersecurity investigation company,
Ermetic shows that 81% of the total healthcare organizations have witnessed
security breaches in cloud data within 18 months accounted till June 2020.
Rising cases of cybercrime and hackings is retarding the growth of this market.
Opportunities
The
thriving healthcare sector coupled with the increasing implementation of
information technology in this sector is a great scope to kickstart operation
in this market.
Further,
the policies aimed towards digitalization especially in the emerging economies
like India and China is a great opportunity for this market.
The
surging number of health-conscious consumers and their craze for better
treatment and quality care equivalent to the expenditure on health incurred by
them is a bankable opportunity to this market.
Trends
At
present, North America dominates the CDSS market and is expected to hang on to
its domination in the forecast period owing to the integration of information
technology and healthcare facilities in this region. The Europe region is
estimated to be the second largest region holding significant market growth of
around 8.0% in the forecast period. The Asia Pacific region is projected to be
the fastest growing region registering a CAGR of around 12.9%. This progress
can be traced back to the policies aimed at the achievement of digitalization,
the favorable policies and the government’s support towards the development of
clinical decision support system market and the soaring health-conscious
population.
Segment Covered:
This market
intelligence report on the global Clinical Decision Support System Market encompasses market segments based on product type,
delivery mode, model, component, application, level of interactivity, settings,
type, and country.
By
Product Type the global Clinical Decision Support System Market has been
divided into:
q Integrated
CDSS
q Standalone
CDSS
By Delivery Mode the global Clinical
Decision Support System Market has been divided into:
q Cloud-based
q On
Premise
By Model
the global Clinical Decision Support System Market has been divided into:
q Knowledge-based
q Non-Knowledge
based
By Component the global Clinical Decision
Support System Market has been divided into:
q Software
q Hardware
q Services
By Application the global Clinical Decision
Support System Market has been divided into:
q Conventional CDSS
q Advanced CDSS
By Level of Interactivity the global Clinical
Decision Support System Market has been divided into:
q Passive CDSS
q Active CDSS
By Settings the global Clinical Decision
Support System Market has been divided into:
q
Ambulatory Care Settings
q
In Patient
By Type the
global Clinical Decision Support System Market has been divided into:
q Diagnostic
q Therapeutic
By country/region,
the global Clinical Decision Support System Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Allscripts
Healthcare Solutions
q Siemens
Healthineers
q Cerner
q Epic
q MEDITECH
q Zynx
Health
q NextGen
Healthcare
q IBM
Watson Health
q Change
Healthcare
q Koninklijke
Philips N.V.
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Clinical Decision Support System Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Siemens Healthineers
In October 2017,
Siemens Healtineers acquired Medicalis Corporation. The acquisition was aimed
at expanding the tools provided to healthcare systems and hospitals to assists
health initiatives of the population and provide value-based care.
Allscripts
In August 2017,
Allscripts announced the acquisition of the Enterprise Information Solutions,
Health System IT Business and hospitals of McKesson Corporation for USD 185
million through a cash transaction.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Clinical
Decision Support System Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Clinical Decision Support System Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Clinical Decision Support System caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Clinical
Decision Support System Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Clinical Decision Support System Market
v
Identification
of key factors driving investment opportunities in the Clinical
Decision Support System Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants