Vancouver, British Columbia, Feb. 02, 2021 (GLOBE NEWSWIRE) -- The global clinical decision support systems (CDSS) market is projected to reach a market size of USD 2,563.7 Million by 2028 at a CAGR of 8.6%, over the forecast period, according to most recent analysis by Emergen Research. The growing demand for clinical decision support systems can be attributed to increasing focus on minimizing medication errors. Clinical decision support systems are used for various activities comprising diagnostic tests, medication selection, and optimal drug dosage prescription.
Clinical decision support systems are generally integrated into electronic order entry systems to assist in preventing medication errors and various other kinds of errors. Clinical decision support systems recommend default quantity for drug doses, administration routes, and drug dose frequency and provide more intricate drug safety features, including inspection for drug allergies or interaction of two or more prescription drug compounds, thereby preventing both commission and omission errors.
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Growing adoption of mHealth solutions is a significant factor driving market growth. mHealth-based clinical decision support systems enable monitoring of patients, symptom fluctuations, or medication adherence to identify the alterations to medication routines. mHealth-based clinical decision support systems enable providing accurate information whenever required within the healthcare processes to optimize the outcome by implementing the best available knowledge as per the requirements of individual patients.
Key Highlights of Report
- In January 2021, Amalgam Rx, Inc. made an announcement about the acquisition of Avhana Health, a company providing clinical decision support systems.
- It has been estimated that imprecise patient care owing to misdiagnosis results in annual expenses in the range of USD 17.00 billion to USD 29.00 billion. Rapid determination of correct drug dosage or diagnosis allows doctors to prescribe appropriate drugs, thus saving unnecessary expenses of medications.
- By level of interactivity, active CDSS segment accounted for a larger revenue share in 2020. Active CDSS delivers information to healthcare providers after comparing existing patient data with the programmed guidelines and protocols by employing a knowledge base and an inference engine, thereby helping clinicians in making better decisions.
- Growing prevalence of chronic diseases drive the demand for clinical decision support system. Chronic diseases are the leading cause of disability and mortality in the US, as well as the major contributors to annual healthcare cost of USD 3.80 trillion.
- Clinical decision support systems market revenue in the Asia Pacific is expected to grow at the fastest rate during the forecast period, due to growing geriatric population, increasing investments in HIT (healthcare information technology), and increasing healthcare expenditure in the region.
- Major companies operating in the global clinical decision support systems market include Cerner Corporation, Epic Systems Corporation, Zynx Health, Allscripts Healthcare Solutions Inc., IBM, McKesson Corporation, Siemens Healthineers, Meditech, Philips Healthcare, and Wolters Kluwer Health.
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Emergen Research has segmented the global clinical decision support systems (CDSS) market in terms of component, product, type, mode of delivery, level of interactivity, setting outlook, usage, application, end-use, and region:
- Component Outlook (Revenue, USD Million; 2018-2028)
- Services
- Hardware
- Software
- Product Outlook (Revenue, USD Million; 2018-2028)
- Integrated CDSS
- Standalone CDSS
- Type Outlook (Revenue, USD Million; 2018-2028)
- Therapeutic CDSS
- Diagnostic CDS
- Mode of Delivery Outlook (Revenue, USD Million; 2018-2028)
- On-Premise CDSS
- Web-Based CDSS
- Cloud-Based CDSS
- Level of Interactivity Outlook (Revenue, USD Million; 2018-2028)
- Active CDSS
- Passive CDSS
- Setting Outlook (Revenue, USD Million; 2018-2028)
- Inpatient
- Ambulatory Care
- Usage Outlook (Revenue, USD Million; 2018-2028)
- Knowledge-Based
- Expert Laboratory Information System
- Machine Learning Systems
- Application Outlook (Revenue, USD Million; 2018-2028)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
- Others
- End-use Outlook (Revenue, USD Million; 2018-2028)
- Hospitals
- Diagnostic Centers
- Clinics
- Retail Pharmacies
- Others
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- Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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