Clinical Decision Support System Market To Witness Significant Growth By 2020-2026 with prominent key players - Meditech, Cerner Corporation, Epic Systems Corporation, etc

According to the current analysis of Reports and Data, the global Clinical Decision Support System Market was valued at 488.2 million in 2018 and is expected to reach USD 1.17 billion by the year 2026, at a CAGR of 11.4%. Clinical Decision Support Systems are tool for improving the operational efficiency of healthcare practices. These tools provide timely patient-specific information and therefore solve the problem of maintaining both administrative and clinical records.

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Clinical decision support systems comprise of computer applications that are designed to help healthcare professionals with making clinical decisions about individual patients to generate case-specific advice. According to WHO, the geriatric population is expected to rise by nearly 22% by 2050, which is expected to raise the demand for the clinical decision support system. Clinical decision support systems have become more of a necessity today. The end-users of these tools require a technique to handle large volumes of patient information and medical records. The cases of errors are already significant in the healthcare Industry. Therefore, clinical decision support systems become the preferred choice of these users.

These kinds of decision-support systems allow clinicians and healthcare providers to spot and choose the most appropriate and suitable treatment for patients. The decision-support is entirely based on processes of sophisticated outcomes and algorithms that use knowledge bases to inquire after the newest developments about best practice. The quality of data is equally crucial for accurate and reliable outcomes. Clinicians, healthcare providers, healthcare staff, or patients can manually enter patient characteristics and data into the computer systems.

Companies considered and profiled in this market study
The Global Clinical Decision Support System Market study postulates constructive intuition globally which includes the companies who are the key players in Global Clinical Decision Support System Market such as Meditech, Cerner Corporation, Epic Systems Corporation, Allscripts, Mckesson, Philips Healthcare, Wolters Kluwer Health, Hearst Health, Elsevier B.V, and IBM

For the purpose of this report, Reports and Data has segmented the Clinical Decision Support System Market on the basis of type, end use, and region:

Product Outlook (Revenue, USD Million; 2016-2026)
Integrated CDSS
Standalone CDSS

Type Outlook (Revenue, USD Million; 2016-2026)
Therapeutic CDSS
Diagnostic CDSS

Mode of Delivery Outlook (Revenue, USD Million; 2016-2026)
On-Premise CDSS
Web-Based CDSS
Cloud-Based CDSS

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Usage Outlook (Revenue, USD Million; 2016-2026)
Knowledge-Based
Expert Laboratory Information System
Machine Learning Systems

Application Outlook (Revenue, USD Million; 2016-2026)
Drug Databases
Care Plans
Diagnostic Decision Support
Disease Reference
Others

End Use Outlook (Revenue, USD Million; 2016-2026)
Hospitals
Diagnostic Centers
Clinics
Retail Pharmacies
Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Further key findings from the report suggest-
1. Clinical Decision Support Systems are being rapidly incorporated by healthcare providers because of their sheer usefulness in nullifying the chances of error in diagnostic and medical prescription.

2. Since the installation cost of Clinical Decision Support Systems are pretty much high it is necessary to have a healthcare workforce and providers who are skilled to handle the digital technicalities and operate the system efficiently. This requires further investments on skilling programs for the respective personnel and significantly raises the overall cost of incorporating these systems.

3. The market for Clinical Decision Support Systems around the globe is continuously striving towards making interoperability convenient across various end-use segments of the market.

4. The services segment is expected to hold the greatest market share among the component division of the Clinical Decision Support System market and is expected to grow at the highest CAGR owing to their recurring nature and applicability at all stages of successfully running the CDSS software.

5. Integrated Clinical Decision Support Systems are most popular among the product segment as they enable the usage of several connected application programs that share a common database.

6. While the On-Premise Clinical Decision Support System under the mode of delivery segment occupies the largest market share, the cloud-based systems are growing at a very fast pace at a projected CAGR of 11.4% over the period of forecast.

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