Clinical Decision Support Market Generates Huge Revenue Till 2025– Study By Key Players (Cerner Corporation,Meditech,Philips Healthcare)
The Global Clinical Decision Support Market was valued at USD 854.11 million in 2016 and is projected to reach USD 8,439.25 million by 2025, growing at a CAGR of 11.9% from 2017 to 2025.
Clinical decision support (CDS) provides clinicians, staff, patients or other individuals with knowledge and person-specific information, intelligently filtered or presented at appropriate times, to enhance health and health care. CDS encompasses a variety of tools to enhance decision-making in the clinical workflow.
These tools include computerized alerts and reminders to care providers and patients; clinical guidelines; condition-specific order sets; focused patient data reports and summaries; documentation templates; diagnostic support, and contextually relevant reference information, among other tools.
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1. Market Drivers
1.1 Government Support initiated
1.2 Increasing prevalence of Chronic Diseases
1.3 Increased Medication Errors
1.4 More usage of analytics and computer clouding in Healthcare
1.5 Patient friendly techniques and user-friendliness
2. Market Restraints
2.1 Patient data privacy
2.2 High installation costs
The Clinical Decision Support Market is segmented on the basis of:
1. Global Clinical Decision Support Market, by Component:
2. Global Clinical Decision Support Market, by Application:
2.1 Conventional Clinical Decision Support Systems
2.2 Advanced Clinical Decision Support Systems Diabetes
3. Global Clinical Decision Support Market, by Product:
3.1 Integrated Clinical Decision Support Systems
3.2 Standalone Clinical Decision Support Systems
4. Global Clinical Decision Support Market, by Delivery Mode:
4.1 Web-Based Clinical Decision Support Systems
4.2 Cloud-Based Clinical Decision Support Systems
4.3 On-Premise Clinical Decision Support Systems
5. Global Clinical Decision Support Market, by Type:
5.1 Therapeutic Clinical Decision Support Systems
5.2 Diagnostic Clinical Decision Support System
6. Global Clinical Decision Support Market, by Model:
6.1 Knowledge-Based Clinical Decision Support Systems
6.2 Non-Knowledge-Based Clinical Decision Support Systems
7. Global Clinical Decision Support Market, by User Interactivity:
7.1 Active Clinical Decision Support Systems
7.2 Passive Clinical Decision Support Systems
8. Global Clinical Decision Support Market, by Region:
8.1 North America (U.S., Canada, Mexico)
8.2 Europe (Germany, UK, France, Rest of Europe)
8.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
8.4 Latin America (Brazil, Argentina, Rest of Latin America)
8.5 Middle East & Africa
The major players in the market are as follows:
1. Cerner Corporation
2. Mckesson Corporation
3. EPIC Systems Corporation
5. Philips Healthcare
6. Wolters Kluwer Health
7. Zynx Health
8. Elsevier B.V. (A Division of the Relx Group)
9. IBM Corporation
10. Allscripts Healthcare Solutions, Inc
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on The Clinical Decision Support Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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