The global clinical decision support systems (CDSS) is expected to reach USD 2,406.2 Million by 2027, according to a new report by Emergen Research. The increasing incidences of chronic diseases across different parts of the globe is positively impacting the clinical decision support system (CDSS) market in applications such as drug databases, diagnostic decision support, care plans, and disease reference, among others. The increasing instances of chronic disorder would lead to a growing trend of increasing number of patients entering the hospitals, which would increase the amount of data at the hospitals’ end. Thus, a precise and error-free tool for handling the data would be an inevitable need, where clinical decision support systems (CDSS) would come into play.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Clinical Decision Support Systems (CDSS) industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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The role of government plays an important in bringing any new system or technology in the culture of the healthcare industry. A clinical decision support system is an expensive phenomenon, hence an initial stage of the launch of this system, the financial support, and awareness spread by the government would play an essential role in this industry. This would ultimately improve the healthcare condition of the respective country. For instance, initiated in November 2015, China’s 13th Five-Year Plan (FYP) focused on transforming the healthcare services in the region. State spending on healthcare in China increased from 15% in 1999 to 30% in 2013, and out-of-pocket expenditures dropped from 60% to 34%.
The global Clinical Decision Support Systems (CDSS) market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
However, the cost of implementing a clinical decision support system is not pocket friendly for all hospital and clinical centers and may hamper the market growth in the upcoming years. Such systems ‘ servicing and software upgrading costs can sometimes be more than the real product size.
Key participants include Cerner Corporation, Epic Systems Corporation, Zynx Health, Allscripts Healthcare Solutions Inc., IBM, McKesson Corporation, Siemens Healthineers, Meditech, Philips Healthcare, and Wolters Kluwer Health, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
Component Outlook (Revenue, USD Million; 2017-2027)
Product Outlook (Revenue, USD Million; 2017-2027)
- Integrated CDSS
- Standalone CDSS
Type Outlook (Revenue, USD Million; 2017-2027)
- Therapeutic CDSS
- Diagnostic CDSS
Mode of Delivery Outlook (Revenue, USD Million; 2017-2027)
- On-Premise CDSS
- Web-Based CDSS
- Cloud-Based CDSS
Level of Interactivity Outlook (Revenue, USD Million; 2017-2027)
- Active CDSS
- Passive CDSS
Setting Outlook (Revenue, USD Million; 2017-2027)
- Ambulatory Care
Usage Outlook (Revenue, USD Million; 2017-2027)
- Expert Laboratory Information System
- Machine Learning Systems
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
End-use Outlook (Revenue, USD Million; 2017-2027)
- Diagnostic Centers
- Retail Pharmacies
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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North America held the largest clinical decision support systems market share in 2019 and is projected to grow at a rate of 8.5% in the forecast period. The market dominance of the region is owing to rising advancement in technology, high awareness among patients, and increasing focus on providing better healthcare services, among others.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global Clinical Decision Support Systems (CDSS) market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Clinical Decision Support Systems (CDSS) market?
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Global Clinical Decision Support Systems (CDSS) Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Clinical Decision Support Systems (CDSS) Market Segmentation & Impact Analysis
4.1. Clinical Decision Support Systems (CDSS) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Increasing geriatric population
22.214.171.124. High returns on investment for CDSS Solutions
126.96.36.199. High prevalence of chronic diseases
188.8.131.52. Government support and initiatives
4.2.3. Market restraints analysis
184.108.40.206. High cost of implementation
220.127.116.11. Reluctance to adopt mobile CDSS
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Clinical Decision Support Systems (CDSS) Market By Component Insights & Trends, Revenue (USD Million)
5.1. Component Dynamics & Market Share, 2019 & 2027
Chapter 6. Clinical Decision Support Systems (CDSS) Market By Product Insights & Trends Revenue (USD Million)
6.1. Product Dynamics & Market Share, 2019 & 2027
6.1.1. Integrated CDSS
6.1.2. Standalone CDS
Chapter 7. Clinical Decision Support Systems (CDSS) Market By Type Insights & Trends Revenue (USD Million)
7.1. Type Dynamics & Market Share, 2019 & 2027
7.1.1. Therapeutic CDSS
7.1.2. Diagnostic CDSS
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