Market Research Report - Clinical Decision Support System (CDSS) Market is Expected to Reach value of over $1,500 million by 2022 Says Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Clinical Decision Support System (CDSS) Market (Solutions: Integrated CDSS Solutions, Standalone CDSS Solutions; Application: Clinical Guidelines, Drug Dosing Support, Clinical Reminders, Drug Allergy Alerts, Drug-Drug Interactions, Others; Model: Knowledge-based CDSS Solution, Non-Knowledge-based CDSS Solution; Mode of Delivery: On-premise, Web Based, Cloud Based; Component: Hardware, Software, Service; Entity Capacity: Less than 100 Beds, 100–199 Beds, 200–299 Beds, 300–399 Beds, 400–499 Beds, More than 500 Beds) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2012-2022”, forecasts that the global market for clinical decision support system (CDSS) is anticipated to grow at a CAGR of more than 21% from 2016 to 2022 and reach the market value of over $1,500 million by 2022. Increasing need for offering remote patient monitoring services and requirement of advanced healthcare information systems to assist healthcare professionals in effective drug delivery are some major reasons driving the growth of this market, globally. Clinical decision support system is a kind of health information system designed to assist healthcare professionals, physicians, and other healthcare facilities with effective clinical decision support.

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North America accounted for the largest share in clinical decision support systems market in 2015 and is expected to maintain its dominance throughout the forecast period. This segment accounted for more than 50% share and is anticipated to grow at a CAGR of over 22% during the forecast period. The growth of CDSS solutions in North America is mainly spurred by well established healthcare infrastructure, increased healthcare spending, and rising geriatric population in the region. In a report, WHO has projected the cases of lung cancer to grow from 324,000 in 2012 to 541,000 in 2030, which further creates the opportunity for players in CDSS market in North America. North America is followed by Western Europe in terms of adoption of CDSS solutions, and the region is expected to grow at a CAGR of over 20% during the forecast period.

Integrated solutions and standalone solutions are the two major types of CDSS solutions available. Integrated solutions segment accounted for more than 70% share in the global clinical decision support systems market in 2015 and is expected to continue dominating throughout the forecast period. This is due to the comprehensive functions offered by integrated solutions such as medication management services that helps in preventing medication errors. Integrated solutions assist in improving the quality of healthcare and patient safety and delivers better healthcare outcomes. Integrated solutions are usually installed with electronic health records (EHR) and computerized physician order entry (CPOE) systems.

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Depending on different applications, the global CDSS market is segmented into drug-drug interaction, drug allergy alert, clinical guidelines, clinical reminders, drug dosing support, and others. The drug delivery alert segment accounted for the largest share in the global CDSS market, registering a sales value of over $135 million in 2015 and a CAGR of around 22% during the period from 2016 to 2022. Other major applications of CDSS include drug-drug interactions and clinical reminders, with both these segments together accounting for around 45% market share.

Among the player operating in the global CDSS market, some profiled in the report include Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., IBM Corporation, Relx Group Plc, Mckesson Corporation, General Electric Company, Siemens AG, Meditech, and Zynx Health Incorporated among others. Partnership expansion, strategic relationships for technology sharing and development, and acquisitions are some major strategies followed by leading players in this market to sustain market competition.

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Table of Content

Chapter 1. Research Scope & Methodology

1.1 Market Definition

1.2 Objectives

1.3 Research Scope: Global CDSS Market

1.3.1 Market Breakdown By Solution

1.3.2 Market Breakdown By Application

1.3.3 Market Breakdown By Model

1.3.4 Market Breakdown By Mode Of Delivery

1.3.5 Market Breakdown By Component

1.3.6 Market Breakdown By Healthcare Entity Capacity

1.3.7 Market Breakdown By Geography

1.4 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Market Trends

3.2.1 Growing Demand for Medication Management and Software

3.3 Opportunities

3.3.1 Untapped CDSS Market Across the Globe

3.4 Market Drivers and its Impact

3.4.1 Demand for Advanced Healthcare Systems

3.4.2 Rising Investments by Health Information Technology (HIT) Players

3.4.3 Increasing Need for Remote Patient Monitoring Services

3.4.4 Support from Government Organizations

3.4.5 Impact Analysis of Drivers

3.5 Market Restraints and its Impact

3.5.1 Maintenance and High Capital Expenditure

3.5.2 Privacy and Security Concerns

3.5.3 Lack of Adequate Healthcare Infrastructure in Developing Economies

3.5.4 Impact Analysis of Restraints

Chapter 4. Global CDSS Market Size and Forecast

4.1 Global CDSS Market, By Product

4.2 Global CDSS Market, By Model

4.3 Global CDSS Market, By Application

4.4 Global CDSS Market, By Mode of Delivery

4.5 Global CDSS Market, By Component

4.6 Global CDSS Market, By Healthcare Provider Entity Capacity

4.7 Global CDSS Market, By Geography

Chapter 5. Global CDSS Market, By Product

5.1 Integrated CDSS Solution Market

5.2 Standalone CDSS Solution Market

Chapter 6. Global CDSS Market, By Model

6.1 Knowledge-Based CDSS Solution Market

6.2 Non-Knowledge-Based CDSS Solution Market

Chapter 7. Global CDSS Market, By Application

7.1 CDSS Market for Drug Allergy Alert

7.2 CDSS Market for Drug-Drug Interaction

7.3 CDSS Market for Clinical Reminder

7.4 CDSS Market for Clinical Guideline

7.5 CDSS Market for Drug-Dosing Support

Chapter 8. Global CDSS Market, By Mode of Delivery

8.1 Web-Based CDSS Solution Market

8.2 On-Premise CDSS Solution Market

8.3 Cloud-Based CDSS Solution Market

Chapter 9. Global CDSS Market, By Component

9.1 CDSS Software Market

9.2 CDSS Hardware Market

9.3 CDSS Service Market

Chapter 10. Global CDSS Market, By Healthcare Provider Entity Capacity

10.1 CDSS Market for Less than 100 Bedded Healthcare Providers

10.2 CDSS Market for 100 - 199 Bedded Healthcare Providers

10.3 CDSS Market for 200 - 299 Bedded Healthcare Providers

10.4 CDSS Market for 300 – 399 Bedded Healthcare Providers

10.5 CDSS Market for 400 - 499 Bedded Healthcare Providers

10.6 CDSS Market for More than 500 Bedded Healthcare Providers

Chapter 11. Global CDSS Market, By Geography

11.1 North America CDSS Market

11.1.1 North America CDSS Market, By Product

11.1.2 North America CDSS Market, By Model

11.1.3 North America CDSS Market, By Application

11.1.4 North America CDSS Market, By Mode Of Delivery

11.1.5 North America CDSS Market, By Component

11.1.6 North America CDSS Market, By Healthcare Provider Entity Capacity

11.1.7 North America CDSS Market, By Country

11.2 Western Europe CDSS Market

11.2.1 Western Europe CDSS Market, By Product

11.2.2 Western Europe CDSS Market, By Model

11.2.3 Western Europe CDSS Market, By Application

11.2.4 Western Europe CDSS Market, By Mode Of Delivery

11.2.5 Western Europe CDSS Market, By Component

11.2.6 Western Europe CDSS Market, By Healthcare Provider Entity Capacity

11.2.7 Western Europe CDSS Market, By Country

11.3 Central & Eastern Europe CDSS Market

11.3.1 Central & Eastern Europe CDSS Market, By Product

11.3.2 Central & Eastern Europe CDSS Market, By Model

11.3.3 Central & Eastern Europe CDSS Market, By Application

11.3.4 Central & Eastern Europe CDSS Market, By Mode Of Delivery

11.3.5 Central & Eastern Europe CDSS Market, By Component

11.3.6 Central & Eastern Europe CDSS Market, By Healthcare Provider Entity Capacity

11.3.7 Central & Eastern Europe CDSS Market, By Country

11.4 Asia-Pacific CDSS Market

11.4.1 Asia-Pacific CDSS Market, By Product

11.4.2 Asia-Pacific CDSS Market, By Model

11.4.3 Asia-Pacific CDSS Market, By Application

11.4.4 Asia-Pacific CDSS Market, By Mode Of Delivery

11.4.5 Asia-Pacific CDSS Market, By Component

11.4.6 Asia-Pacific CDSS Market, By Healthcare Provider Entity Capacity

11.4.7 Asia-Pacific CDSS Market, By Country

11.5 Latin America CDSS Market

11.5.1 Latin America CDSS Market, By Product

11.5.2 Latin America CDSS Market, By Model

11.5.3 Latin America CDSS Market, By Application

11.5.4 Latin America CDSS Market, By Mode Of Delivery

11.5.5 Latin America CDSS Market, By Component

11.5.6 Latin America CDSS Market, By Healthcare Provider Entity Capacity

11.5.7 Latin America CDSS Market, By Country

11.6 Middle East & Africa (MEA) CDSS Market

11.6.1 MEA CDSS Market, By Product

11.6.2 MEA CDSS Market, By Model

11.6.3 MEA CDSS Market, By Application

11.6.4 MEA CDSS Market, By Mode Of Delivery

11.6.5 MEA CDSS Market, By Component

11.6.6 MEA CDSS Market, By Healthcare Provider Entity Capacity

Chapter 12. Competitive Analysis

12.1 Porter’s Five Forces Analysis

12.1.1 Bargaining Power of Buyers

12.1.2 Bargaining Power of Suppliers

12.1.3 Threat of New Entrants

12.1.4 Intensity of Rivalry

12.1.5 Threat of Substitutes

12.2 Competitive Positioning of Key Players

Chapter 13. Company Profiles and Strategic Developments

13.1 Key Company Profiles

13.1.1 Cerner Corporation

13.1.1.1 Business Overview

13.1.1.2 Product and Service Offerings

13.1.2 Relx Group Plc

13.1.2.1 Business Overview

13.1.2.2 Product and Service Offerings

13.1.3 Epic Systems Corporation

13.1.3.1 Business Overview

13.1.3.2 Product and Service Offerings

13.1.4 General Electric Company

13.1.4.1 Business Overview

13.1.4.2 Product and Service Offerings

13.1.5 Mckesson Corporation

13.1.5.1 Business Overview

13.1.5.2 Product and Service Offerings

13.1.6 Zynx Health Incorporated

13.1.6.1 Business Overview

13.1.6.2 Product and Service Offerings

13.1.7 International Business Machine (IBM) Corporation

13.1.7.1 Business Overview

13.1.7.2 Product and Service Offerings

13.1.8 Siemens AG

13.1.8.1 Business Overview

13.1.8.2 Product and Service Offerings

13.1.9 Allscripts Healthcare Solutions Inc.

13.1.9.1 Business Overview

13.1.9.2 Product and Service Offerings

13.1.10 Meditech

13.1.10.1 Business Overview

13.1.10.2 Product and Service Offerings

13.2 Strategic Developments in the Global CDSS Market

Chapter 14. Appendix

14.1 List of Abbreviations

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