Clinical Decision Support Systems Market Registers 12.2% Rate and Sales Upto US$ 1,519.2 Million in 3 Years

Report includes study of key players offering clinical decision support systems such as Cerner Corporation (U.S.), McKesson Corporation (U.S.), Epic Systems Corporation Inc. (U.S.), Medical Information Technology, Inc. (U.S.), Philips Healthcare (Netherlands), Allscripts Healthcare Solutions, Inc. (U.S.), Wolters Kluwer Health (U.S.), Zynx Health (U.S.), Elsevier B.V. (Netherlands), and International Business Machines (IBM) Corporation (U.S.)

Clinical decision support systems market is expected to reach USD 1,519.2 Million by 2021 from USD 856.3 Million in 2016, at a CAGR of 12.2%. Clinical decision support systems market are gaining popularity across the globe.

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The government support and initiatives to drive adoption of HCIT solutions in healthcare, rising incidence of medication errors, rising prominence and usage of Big Data and m-Health tools, growing adoption of cloud computing in healthcare and prevalence of chronic diseases are some of the factors driving the growth of the clinical decision support systems market.

Stakeholders in the Clinical Decision Support Systems Market Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics), Healthcare Insurance Companies/Payers, Healthcare IT Service Providers, Venture Capitalists, Government Bodies, Corporate Entities and Accountable Care Organizations.

Reluctance amongst traditional healthcare providers to adopt the solutions, requirement of high investments for supporting IT infrastructure, data security concerns related to cloud-based systems and lack of interoperability are some of the factors expected to restrain the growth of this market. On the other hand, emerging markets for healthcare IT in regions such as Asia-Pacific, Middle East, Latin America and Africa, and technological advancements in HCIT solutions offer growth opportunities for players in the market. The clinical decision support systems market is expected to be challenged by the lack of skilled IT professionals in the healthcare sector.

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In-depth interviews were conducted with CEOs, Sales and Marketing Directors, other innovation and technology directors, and executives from various key organizations operating in the clinical decision support systems market place.
• By Company Type: Tier 1: 50%, Tier 2: 35%, Tier 3: 15%
• By Designation: Director Level: 29%, C-Level: 39%, Others: 32%
• By Region: North America: 32%, Europe: 24%, APAC: 26%, ROW: 18%

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Geographically, North America is expected to account for the largest share of the global clinical decision support systems market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of the North American market is attributed to favorable initiatives and regulatory mandates, enterprises by key industry players, and rising incidence of medication errors in U.S.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms to garner a greater market share. Firms purchasing the report could use one or a combination of the below-mentioned five strategies for strengthening their market shares.

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