Clinical Decision Support Systems Market - Global Forecasts to 2025, Leading players Wolters Kluwer Health, Hearst Health, Elsevier, Cerner Corporation, McKesson Corporation, Epic Systems Corporation, MEDITECH, Philips, IBM, and Allscripts
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Clinical Decision Support Systems (CDSS) aid healthcare organizations to improve the overall quality of care. CDSS also helps to increase care efficiency by providing filtered knowledge and consumer-specific information to clinicians, staff, consumers, and other individuals related to patient care to reduce healthcare costs. The major factors fueling the growth of CDSS market include increasing adoption of EHRs, rising importance and usage of big data and mHealth tools, growing incidence of medication errors, increasing adoption of cloud computing in healthcare, government support, and technological advancements.
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According to the National Institutes of Health, medical errors are most common at the ordering or prescribing stage. The Food and Drug Administration estimated that 1.3 million people are affected by medication errors annually in the U.S. In addition, medical errors cause approximately 2,50,000 deaths in the U.S. per year and is the third leading cause of death in the country. As CDSS aids healthcare providers in effective clinical-decision making, growing incidence of medical errors is expected to drive the adoption of CDSS during the forecast period.
The clinical decision support systems market study presents historical market data in terms of value by component, product, type, model, delivery mode, application, level of interactivity, and settings. The study also evaluates industry competitors and analyzes the market at regional and country level.
On the basis of component, services commanded the largest share of clinical decision support systems market, owing to the frequent nature of services such as training and development, installation, consulting, and maintenance. However, due to the need for episodic or periodic software upgradation and growing demand of CDSS, the software segment is expected to witness the highest growth during the forecast period.
Based on product, the CDSS market is segmented into integrated and standalone systems. Integrated CDSS segment accounted for the largest share in 2018 and is also expected to witness the highest growth during the forecast period. The large share and high growth of the segment can be attributed to its ability to provide a robust database to support evidence-based clinical decision-making.
The report includes extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2015-2018). For instance, in 2017, Change Healthcare launched the new version of InterQual clinical decision support system, which consist of Medicare Procedures with efficient set of criteria, review, and other features that better help decision-making. Similarly, in July 2018, Guerbet collaborated with IBM Watson Health to help support clinical decisions.
The major players operating in the Clinical Decision Support Systems Market are Wolters Kluwer Health (U.S.), Hearst Health (U.S.), and Elsevier B.V. (The Netherlands), Cerner Corporation (U.S.), McKesson Corporation (Change Healthcare) (U.S.), Epic Systems Corporation (U.S.), MEDITECH (U.S.), Philips Healthcare (The Netherlands), International Business Machines (IBM) (U.S.), and Allscripts Healthcare Solutions, Inc. (U.S.).
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