The global clinical decision support system market is anticipated to reach a value of USD 2,581.3 million by 2026, growing at a CAGR of 11.3% during the forecast period from 2020 to 2026. The growth of this market is driven by critical factors such as growing support from private institutions, keen adoption by government, growing penetration of tools such as mHealth and big data and better ROI statistics.
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Growing demand for high quality healthcare in both developed and developing economies, and reliable integrated solutions is a major trend facilitating the growth of this market. More and more hospitals are recently installing advanced information systems for seamless data storage, transfer and interpretation. Furthermore, healthcare institutions and associations worldwide are also advocating the initiatives taken by governments towards healthcare data integration. IT solutions such as clinical decision support systems are sophisticated tools and well regulated, and are therefore expected to fulfil the stringent regulatory criteria, well since the development phase.
In the current market scenario, the demand for CDSS that integrate with the electronic health records of any hospital is high. However, there is also a consistent demand for standalone CDSS due to their low cost, simple operability and ease of use in smaller facilities. There is growing awareness about integrated CDSS in large organizations, where prompt and seamless communication and data exchange among departments is essential for optimal functioning. Additionally, efficient deployment of CDSS offers solutions like precise prediction of drug reaction and patient’s response to any dosage, this helps physicians to take prompt and appropriate decisions regarding drug combination and drug dosage. Based on the mode of delivery, the adoption of on-premise delivery systems is high, due to the information safety and privacy concerns.
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Based on regional demarcation, North America is the global leader in the clinical decision support systems market. The significant share of the region is contributed by growing demand for sophisticated healthcare, increased preference of healthcare organizations for patient service and satisfaction and the pre-existing robust healthcare infrastructure. Another factor attributed to the dominance of North America is the growing need to contain healthcare expenditure in the region, along with the growing incidence of medical errors in healthcare administration.
The global clinical decision support systems market is consolidated with a limited number of players offering holistic products in the market. Some of the major players include McKesson Corporation, IBM, Philips Healthcare, Cerner Corporation, Siemens Healthineers, Wolters Kluwer NU, Hearst Health, Elsevier B.V., Medical Information Technology, Inc., NextGen Healthcare Information Systems, Epic Systems Corporation and Allscripts Healthcare Solutions.
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Key Segments of the Global Clinical Decision Support System Market
Component Overview, 2016-2026 (USD Million)
Hardware
Software
Services
Delivery Mode Overview, 2016-2026 (USD Million)
On Premise
Cloud
Product Overview, 2016-2026 (USD Million)
Standalone CDSS
Integrated CDSS
Application Overview, 2016-2026 (USD Million)
Drug-drug Interactions
Drug Allergy Alerts
Clinical Reminders
Clinical Guidelines
Drug Dosing Support
Others
Regional Overview, 2016-2026 (USD Million)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
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