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Massive Clinical Data Generation Boosts Demand for Clinical Decision Support System

12-06-2022 05:14 AM CET | Health & Medicine

Press release from: P&S Intelligence

Massive Clinical Data Generation Boosts Demand for Clinical

The total size of the clinical decision support system market stood at about $1,613 million in 2021, and it will reach $3,386 million by 2030, at a growth rate of about 9% in the future.

This will be mainly because of the increasing deployment of data collection and analysis systems by hospitals and other medical institutions.

CDSS and related software are becoming increasingly popular in healthcare facilities owing to need to check for drug expiry, offer drug reminders and drug allergy alerts, and thoroughly review prescriptions.

These functionalities decrease the probabilities of medication errors and adverse drug reactions, advance the quality of medical assistance, and reduce the costs of hospitalization.

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Knowledge-based solutions had the larger revenue share in the past. Moreover, this category will have the faster growth, of around 10%, in the near future. This is owing to the fact that these solutions make use of a knowledge hoard and an inference engine for the analysis of critical patient data and display precise insights.

Moreover, healthcare professional usually makes decisions while directly interacting with the patient, having multidisciplinary or ward rounds meetings. It means several decisions are made in a few seconds or minutes and rely on medical knowledge and access to patient parameters to healthcare providers.

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Presently, current decisions are made on the experience and knowledge of the professional. Also, unnoticeable changes in patients' conditions before their admission to the ward are often ignored, and clinicians monitor current conditions.

However, a computer keeps a record of all the available data, and also makes it possible to see the changes outside the professional's scope, and identify them for a specific patient, within normal limits.

CDSS is also utilized to provide recommendations. The passive CDSS needs the user to perform the action to get advice, such as opening a tab or clicking a button.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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