Clinical Decision Support Systems Market 2019 to 2027 - Cerner Corporation, Medical Information Technology, Inc., BD, Wolters Kluwer N.V.,Baxter International Inc.

The Clinical Decision Support Systems report delivers exceptional insights on the major developments unfolding in the Healthcare industry. The Clinical Decision Support Systems is segmented on the basis of Type, Application, and End-User, and provides in-depth research of the existing and upcoming market conditions.

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According to a new market research study titled ‘Clinical Decision Support Systems Market to 2027 – Global Analysis and Forecasts by Component, Delivery Mode, Application, End User and Geography. The global clinical decision support systems market is expected to reach US$ 5,983.38 Mn in 2027 from US$ 2,772.60 Mn in 2018. The market is estimated to grow with a CAGR of 9.2% from 2019-2027. The report highlights the trends prevalent in the global clinical decision support systems market and the factors driving the market along with those that act as challenges to its growth.

The global clinical decision support systems market is segmented on the basis of component, delivery mode, application, end-user. Based on the component the market is classified as software, services, and hardware. On the basis of delivery mode, the market is divided into on-premise, cloud-based, and web-based. On the basis of application, the market is categorized as drug-drug interactions, drug allergy alerts, clinical reminders, clinical guidelines, and others. And on the basis of end-user, the market is segmented as hospitals, ambulatory care centers, and diagnostic labs.

Key Players:

• Cerner Corporation
• Medical Information Technology, Inc.
• BD
• Wolters Kluwer N.V.
• Baxter International Inc.
• Premier
• Koninklijke Philips N.V.
• RELX (Elseiver)
• PeraHealth
• Epic Systems Corporation

The market for clinical decision support systems is expected to grow significantly due to factors such as rising pressure on healthcare institutions to provide quality health at reduced costs, rising prevalence of chronic diseases, growing adoption of big data & health IT tools, number of initiatives taken by governments, rising developments in the fields of healthcare IT, rising number of hospitals. However, the growth of the market is restrained by a factor such as concerns regarding data privacy.
Strategic Insights:

Equal organic and inorganic growth strategies were observed in the global clinical decision support systems industry. For instance, in February 2018, Wolters Kluwer Health announced the launch of UpToDate Advanced, a guided clinical decision-making solution with dynamic and interactive algorithms as well as lab monographs designed to reduce unwarranted variations in care. Thus, expansion of the product portfolio is enabling to grow the company’s offering in the clinical decision support system and further enabling to grow its position in the global market.

Key Reasons:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Clinical Decision Support Systems.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global Clinical Decision Support Systems, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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This release was published on openPR.