Grown Incidences of Medication Errors boosted the demand of CDSS

The Leading players are Wolters Kluwer Health (U.S.), Hearst Health (U.S.), and Elsevier B.V. (The Netherlands), Cerner Corporation (U.S.), McKesson Corporation (Change Healthcare) (U.S.), Epic Systems Corporation (U.S.), MEDITECH (U.S.), Philips Healthcare (The Netherlands).

Pune, India – June 26, 2019 /MarketersMedia/ —

Meticulous Research® – leading global market research company is conducting a research study on Clinical Decision Support Systems Market to understand its growth and opportunity perspective for next 5 years.

High incidences of medical errors fueled demand of global clinical decision support systems

Medication errors are one of the most common causes of death and disability across the globe. According to FDA, 1.3 million people get affected by medication errors annually in the U.S. According to a study of John Hopkins University, in 2016, 10% of all deaths were due to medication errors and medical error was the third largest cause of death in the U.S. Similarly, in 2017, British Medical Journal published that medical errors and health-care related adverse events accounts for 8% to 12% of hospitalizations across the European Union countries. CDSS enable healthcare providers to make the best clinical decisions based on current circumstances, helping in prevention of medication errors and adverse event. Thus, increasing incidences of medical errors will lead the adoption of CDSS solution which in turn is expected to drive the market growth.

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Previous Key Findings of Global CDSS Market Study:

Services Segment Dominates the Clinical Decision Support Systems Market

Services segment accounted for the largest market share over software and hardware in 2018, owing to frequent need of services for the installation, operation, and maintenance of clinical decision support systems. However, software segment is expected to register fastest growth in near future.

Integrated CDSS segment Dominates the Global Clinical Decision Support Systems Market, By Product

In 2018, integrated CDSS solutions commanded the largest share as compared to standalone CDSS. This segment is also expected to witness fastest growth as these systems provide clinicians and decision-makers with a robust database to support evidence-based clinical decision-making.

Cloud-based Systems to Register the Fastest CAGR

On the basis of delivery model, CDSS Market is segmented into on-premise and cloud-based CDSS. On-premise CDSS commanded the largest share in 2018. However, cloud-based CDSS is expected to register the highest CAGR during the forecast period owing to greater flexibility, easy scalability, and low capital expenses and operational cost incurred in this model.

North America Dominates the Global Clinical Decision Support Systems Market

North America commanded the largest share in 2018, followed by Europe, Asia-Pacific and Rest of the World (RoW). The largest share of North America is attributed to regulatory mandates for value-based care, rising incidence of medication errors, need to curb increasing healthcare expenditure, and significant presence of health IT players in the region.

Key Players

The major players operating in the Clinical Decision Support Systems Market are Wolters Kluwer Health (U.S.), Hearst Health (U.S.), Elsevier B.V. (The Netherlands), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), MEDITECH (U.S.), Philips Healthcare (The Netherlands), International Business Machines (IBM) (U.S.), and Allscripts Healthcare Solutions, Inc. (U.S.).

Future Outlook

In last few years, CDSS has become more popular among healthcare organizations and its adoption is increasing exponentially across the globe. In order to cater unmet needs of healthcare professionals and improve healthcare delivery, CDSS vendors are focusing on development of next-gen CDSS. In addition, penetration of artificial intelligence and machine learning are underlined as a key trend in clinical decision support tools and CDSS vendors are working to incorporate it to transform and revolutionize diagnostics in pathology, radiology, and imaging areas.

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Key Topics Covered in This Report:

1 Introduction
1.1 Market Definition
1.2 Market Scope
1.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation

3 Executive Summary

4 Market Insights
4.1 Introduction
4.2 Market Drivers
4.2.1 Increasing adoption of EHRs
4.2.2 Government Support and Initiatives
4.2.3 Growing Incidence of Medication Errors
4.2.4 Rising Importance and Usage of Big Data and mhealth Tools
4.2.5 Increasing Partnerships Between Medical Research Groups and Clinical Decision Support
Companies
4.2.6 Rapid Growth in the Geriatric Population and High Prevalence of Chronic Diseases
4.3 Restraints
4.3.1 Data Security Concerns Related to Cloud-Based CDSS
4.3.2 Lack of Interoperability
4.3.3 Reluctance to Adopt Mobile CDSS
4.4 Opportunities
4.4.1 Emerging Economies
4.4.2 Cloud-based CDSS
4.5 Challenges
4.5.1 Lack of Skilled IT Professionals in the Healthcare Industry
4.5.2 Integration of CDSS Solutions Within Healthcare Organizations

5 Clinical Decision Support Systems Market, by Component
5.1 Introduction
5.2 Services
5.3 Software
5.4 Hardware

6 Clinical Decision Support Systems Market, by Product
6.1 Introduction
6.2 Integrated CDSS
6.3 Standalone CDSS

7 Clinical Decision Support Systems Market, by Type
7.1 Introduction
7.2 Therapeutic CDSS
7.3 Diagnostic CDSS

8 Clinical Decision Support Systems Market, by Model
8.1 Introduction
8.2 Knowledge-Based CDSS
8.3 Non-Knowledge-Based CDSS

9 Clinical Decision Support Systems Market, by Delivery Mode
9.1 Introduction
9.2 On-Premise CDSS
9.3 Cloud-Based CDSS

10 Clinical Decision Support Systems Market, by Application
10.1 Introduction
10.2 Conventional CDSS
10.2.1 Drug-drug interactions
10.2.2 Drug allergy alerts
10.2.3 Drug dosing support
10.2.4 Clinical reminders
10.2.5 Clinical guidelines
10.2.6 Others
10.3 Advanced CDSS

11 Clinical Decision Support Systems Market, by Level of Interactivity
11.1 Introduction
11.2 Active CDSS
11.3 Passive CDSS

12 Clinical Decision Support Systems Market, by Settings
12.1 Introduction
12.2 Inpatient Settings
12.3 Ambulatory Care Settings

13 Clinical Decision Support Systems Market, by Geography
13.1 Introduction
13.2 North America
13.2.1 U.S.
13.2.2 Canada
13.3 Europe
13.3.1 Germany
13.3.2 U.K.
13.3.3 France
13.3.4 Spain
13.3.5 Italy
13.3.6 RoE
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 RoAPAC
13.5 RoW

14 Competitive Landscape
14.1 Introduction
14.2 Competitive Benchmarking
14.3 Market share analysis, by Key Players

15 Company Profiles
15.1 Allscripts Healthcare Solutions, Inc.
15.2 Cerner Corporation
15.3 Elsevier B.V. (A Division of Relx Group)
15.4 Epic Systems
15.5 Hearst Health
15.6 IBM
15.7 MEDITECH
15.8 McKesson Corporation (Change Healthcare)
15.9 Philips Healthcare (A Subsidiary of Royal Philips Electronics)
15.10 Wolters Kluwer Health

16 Appendix
16.1 Questionnaire
16.2 Available Customization

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Organization: Meticulous Market Research Pvt.Ltd
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Website: https://www.meticulousresearch.com/product/clinical-decision-support-systems-market-4949/

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