Clinical Decision Support System Market 2021 to Benefit from the Increasing Investment in Product Development : Adroit Market Research
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.
Dallas, United States – April 30, 2021 /MarketersMedia/ —
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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The introduction of government regulations and policies to encourage the adoption of HIT solutions, the adoption of CDSS-enabled EHRs, the number of alliances and partnerships between stakeholders, the occurrence of prescription errors, and the prevalence of mHealth and big data technologies are the key factors propelling the growth of this sector. However, the market’s growth is projected to be restricted during the forecast period due to the high costs of adopting CDSS, as well as a lack of interoperability and data security concerns.
A clinical decision support system can assist with escalation compliance with clinical guidance, which is essential because conventional clinical guidelines and treatment pathways are difficult to implement due to poor clinician compliance. Patient management on treatment/research protocols, monitoring and setting prescriptions, referrals follow-up, and determining preventative care are all supported by CDSS. Physicians delivering primary care are increasingly being asked to provide comprehensive and informative preventive maintenance screenings of the elderly population. Hospital decision management services help healthcare providers select the most appropriate and suitable medication for their patients by providing the right solutions and diagnoses for medical conditions.
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Health practices of all sizes are under tremendous strain as a result of the COVID-19 epidemic, and healthcare facilities across the world have been overwhelmed by the vast number of patients who attend them on a regular basis. In many countries around the world, the advent of this pandemic has fueled demand for accurate detection and treatment equipment. Clinical decision support systems, which enable healthcare providers to track patients using non-invasive instruments such as home blood pressure monitors and pulse oximeters that are connected to the internet, have proven to be very helpful in this regard. Furthermore, due to the disease’s accelerated expansion around the world, hospital beds and healthcare staff are in limited supply. The demand for linked medical devices for vital sign tracking has risen as a result.
The overall Global Clinical Decision Support Systems Market is trending due to the increasing digitization of medical practices and large healthcare IT budgets. Reluctance to follow smartphone CDSS, on the other hand, would limit market expansion. During the forecast era, North America is projected to lead the Clinical Decision Support Systems Market, led by Europe and APAC. Clinical Decision Support Systems Market in North America will be fueled by technologically innovative testing and care platforms for chronic disease diagnosis, as well as a growth in group physician practices in this field.
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
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
Major Points from Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Clinical Decision Support System Market by Component, 2016-2026 (USD Million)
5. Clinical Decision Support System Market by Product, 2016-2026 (USD Million)
6. Clinical Decision Support System Market by Application, 2016-2026 (USD Million)
7. Clinical Decision Support System Market by Delivery Mode, 2016-2026 (USD Million)
8. Clinical Decision Support System Market by Region 2016-2026 (USD Million)
9. Competitive Landscape
10. Company Profiles
11. Appendix
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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