PUBLISHER: The Business Research Company | PRODUCT CODE: 1243185
PUBLISHER: The Business Research Company | PRODUCT CODE: 1243185
“Clinical Decision Support Systems Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clinical decision support systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clinical decision support systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The clinical decision support systems market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
* The impact of higher inflation in many countries and the resulting spike in interest rates.
* The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the clinical decision support systems market are: Cerner Corporation, Epic Systems Corporation, Meditech Medical Limited, Wolters Kluwer Health Inc., Zynx Health Incorporated, Elsevier B.V., IBM Watson Health, NextGen Healthcare Inc., Siemens Healthineers AG, Allscripts Healthcare Solutions Inc., Change Healthcare, Medical Information Technology Inc., Koninklijke Philips NV, and Athena Health Care Private Limited.
The global clinical decision support systems market grew from $2.45 billion in 2022 to $2.75 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The clinical decision support systems market is expected to grow to $4.22 billion in 2027 at a CAGR of 11.3%.
The clinical decision support systems (CDSS) market consists of sales of knowledge based CDSS, and non knowledge-based CDSS. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Clinical decision support systems (CDSS) are computer-based programs that analyze data within electronic health records (EHRs) to provide health care providers with reminders to assist them at the point of care to implement evidence-based clinical guidelines.
North America was the largest region in the clinical decision support systems market in 2022. 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 and Africa.
The clinical decision support systems (CDSS) market consists of sales of clinical decision support systems by entities (organizations, sole traders, partnerships) that are used by nurses to facilitate decision-making through patient status as connecting evidence. Clinical decision support systems (CDSS) are computer-based programs that analyze data within electronic health records (EHRs) to provide health care providers with reminders to assist them at the point of care to implement evidence-based clinical guidelines.
The main components of clinical decision support systems are services, software, and hardware. The different models include knowledge-based CDSS and non-knowledge-based CDSS and involve various delivery modes such as premise and cloud-based. The on-premise CDSS is used in-house and within an enterprise's IT infrastructure. On-Premise clinical decision support systems software refers to the software that is installed and runs on computers in a premise or organization. It is used in medical diagnosis, alerts and reminders, prescription decision support, information retrieval, and other applications that are employed in clinics, hospitals, ambulatory surgical centers, and other end users.
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 the growth of the market.
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.
In April 2021, Halma PLC., a UK-based technology company, acquired PeriGen Inc. for an amount of $58 million. With this acquisition, Halma PLC. aimed to broaden the company's presence in patient monitoring and assessment in the US perinatal care market and further extend its analytics and artificial intelligence capabilities. PeriGen, Inc. is a US-based company that provides perinatal decision support software.
The countries covered in the clinical decision support systems market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The clinical decision support systems market research report is one of a series of new reports from The Business Research Company that provides clinical decision support systems market statistics, including clinical decision support systems industry global market size, regional shares, competitors with a clinical decision support systems market share, detailed clinical decision support systems market segments, market trends and opportunities, and any further data you may need to thrive in the clinical decision support systems industry. This clinical decision support systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.