Press release
Clinical Decision Support Systems Global Market Report 2024 - By Share, Size, Demand, Growth, Forecast To 2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Clinical Decision Support Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.07 billion In 2028 At A CAGR Of 12.7% :
The clinical decision support systems market size has grown rapidly in recent years. It will grow from $2.81 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased healthcare data, advancements in medical knowledge, patient safety concerns, healthcare cost pressures, demand for evidence-based medicine.
The clinical decision support systems market size is expected to see rapid growth in the next few years. It will grow to $5.07 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to precision medicine initiatives, value-based care models, real-time decision support, population health management, interoperability initiatives, cybersecurity concerns. Major trends in the forecast period include mobile and cloud-based cuss solutions, clinical workflow optimization, patient-centric cuss applications, real-time analytics for clinical insights, collaboration with telehealth services.
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Clinical Decision Support Systems Market Major Segments
The clinical decision support systems market covered in this report is segmented -
1) By Component: Services, Software, Hardware
2) By Model: Knowledge-Based CDSS, Non-Knowledge CDSS
3) By Delivery Mode: On Premise, Cloud Based
4) By Application: Medical Diagnosis, Alerts And Reminders, Prescription Decision Support, Information Retrieval, Other Applications
5) By End-User: Clinics, Hospitals, Ambulatory Surgical Centers, Others End Users
Key Driver - Surge In Information System Adoption Fuels Growth Of Clinical Decision Support Systems Market
An increase in the adoption of information systems by hospitals is expected to drive the clinical decision support systems market growth going forward. Information systems consist of the software and hardware systems that are used to collect, store, and process data. Information systems are being adopted by healthcare facilities to promote smooth functioning and seamless clinical data flow. For instance, in 2021, according to the International Data Corporation (IDC), a US-based advisory services company, healthcare IT spending in Asia is expected to reach USD 14.9 billion by 2022. Hence, an increase in the adoption of information systems by hospitals is promoting clinical decision support systems market growth.
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Prominent Trend - Change Healthcare Interqual Introduces Advanced Clinical Decision Support Systems With Artificial Intelligence (AI)-Driven Insights
Technological advancements have emerged as the key trend gaining popularity in the clinical decision support systems market. Major companies operating in the clinical decision support systems market are focused on developing new technological solutions to strengthen their position in the market. For instance, in April 2022, Change Healthcare, a US-based healthcare technology company, launched a clinical decision support solution, InterQual, for evidence-based care. This includes interactive and restructured criteria to streamline workflow and artificial intelligence to drive proactive insights. This can predict if a patient is required to be placed under observation or whether the patient requires a short-term or long-term stay.
Clinical Decision Support Systems Market Players
Major companies operating in the clinical decision support systems market report are McKesson Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Hera-MI LLC, Cerner Corporation, Epic Systems Corporation, Elsevier B.V., Change Healthcare Corporation, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Wolters Kluwer Health, Premier Inc., eClinicalWorks Inc., Veradigm Inc., NextGen Healthcare Inc., Medical Information Technology Inc., Meditech Systems Network Inc., Health Catalyst, CareCloud Inc., CureMD Inc., Strata Decision Technology, Zynx Health, First Databank Inc., Clinical Architecture Inc., VisualDx Group Inc., Apervita Inc., IBM Watson Health, The Medical Algorithms Company LP, RAMPmedical Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the clinical decision support systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical decision support systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Clinical Decision Support Systems Market Report Structure
3. Clinical Decision Support Systems Market Trends And Strategies
4. Clinical Decision Support Systems Market - Macro Economic Scenario
5. Clinical Decision Support Systems Market Size And Growth
…..
27. Clinical Decision Support Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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