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Clinical Decision Support Systems Market is projected to reach USD 2,724 million in 2029 growing at 9.1% CAGR during 2022-2029 | Size, Trends & Forecast

02-02-2023 12:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Clinical Decision Support Systems Market

Clinical Decision Support Systems Market

Clinical Decision Support Systems Market was valued to be USD 1,357 million in 2021 and is estimated to reach USD 2,724 million in 2029 growing at a CAGR of 9.1% during 2022-2029

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/clinical-decision-support-systems-market/

The factors driving growth of the Clinical Decision Support Systems Market includes development of mHealth, rise in medication errors, Government initiatives to promote the adoption of clinical decision support systems and EHR systems, growing prevalence of chronic diseases around the world and improvements in the living standards. Moreover, growing adoption of information systems in hospitals and healthcare institutes, rising popularity of cloud based clinical decision supports systems, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, rising disposable incomes and strategic partnerships between key industry leaders, are further contributing towards the market growth.

However, growth of the Clinical Decision Support Systems Market is hindered due to growing concerns related to data security.

The major players operating in the market are Philips Healthcare, Hearst Health, Allscripts Healthcare Solutions, McKesson, Meditech, Cerner, Wolters Kluwer Health, Elsevier B.V, Epic Systems, and IBM, among others.

Based on Type, the Therapeutic Clinical Decision Support Systems segment is predicted to grow at a significant CAGR during the forecast period

Rising adoption of therapeutic clinical decision supports systems because it allows clinicians to convert practices with interactive assistance and supports evidence-based medicines, are propelling growth of the segment.

Based on Delivery Mode, the Cloud-Based CDSS segment is projected to grow at a robust CAGR over the forecast period

Cloud based CDSS solutions increases scalability and flexibility and are easily accessible, are some of the features pushing Clinical Decision Support Systems Market size.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as Hearst Health, IBM Corporation and Epic Systems, rising prevalence of chronic diseases across United States and Canada, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

In 2020, IBM Watson Health partnered with EBSCO information services for launching the integrated CDS solution. This partnership will be focused on enhancing the clinical decision support and operations for the healthcare providers and health systems.
In 2018, Cerner partnered with Duke Clinical Research Institute to develop mHealth App for the clinical decision support, which permits the clinicians to check if the patients are at an increased risk of stroke or heart attack.

Market Segmentation

Segmentation by Component

Hardware
Software
Services

Segmentation by Product

Integrated CDSS
Standalone CDSS

Segmentation by Type

Diagnostic Clinical Decision Support Systems
Therapeutic Clinical Decision Support Systems

Segmentation by Model

Knowledge-Based CDSS
Non-Knowledge-Based CDSS

Segmentation by Delivery Mode

Cloud-Based CDSS
On-Premise CDSS

Segmentation by Application

Conventional Clinical Decision Support Systems
Advanced Clinical Decision Support Systems

Segmentation by Level of Interactivity

Active CDSS
Passive CDSS

Segmentation by Setting

Ambulatory Care Settings
Impatient Settings

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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