Global Clinical Decision Support Systems Market Grows Staggering at a CAGR of 10.1%

Introduction

A clinical decision support system (CDSS) is a health information technology that gives doctors, staff, patients, and others knowledge and personalized information to improve their health and healthcare. CDSS integrates several tools to improve decision-making in the clinical workflow. These resources include targeted patient data reports and summaries, patient data alerts and reminders for patients and healthcare providers, clinical recommendations, condition-specific order sets, documentation templates, diagnostic support, and reference data that is contextually pertinent. Robert Hayward of the Center defined health evidence: "Clinical decision support systems connect health observations with health knowledge to influence clinicians' health care decisions." CDSSs are an essential part of artificial intelligence in medicine

Market Dynamics

Increasing Demand for Technical Solutions and High-Quality Care Drive the Global Market

High-quality care delivery is a persistent problem for the healthcare system. There aren't enough carefully thought-out healthcare SOPs and treatment plans, among other concerns, and the population is aging swiftly. Hospitals and healthcare institutions are more open to implementing technology-driven frameworks to satisfy this need. To handle time-consuming paperwork, medical and administrative staff, and to make it easier for all of their departments to access a patient's clinical and administrative data, hospitals and other healthcare organizations are integrating processes. Additionally, hospital chains must communicate data with their branch offices to promote top-notch, interoperable technologies.

Clinical decision-making requires an experienced practitioner, a friendly environment, and reliable informational inputs. Implementing CDSS as an additional tool can assist healthcare organizations in overcoming the difficulties they have when making high-quality clinical choices. The creation of CDSS has been recognized as an essential tool for removing barriers to providing patients with high-quality care through improving and streamlining healthcare delivery.

Government Initiatives for Better Healthcare in Developing Countries Creates Tremendous Opportunities

Due to inadequate healthcare infrastructure, patients’ medical records may be scattered throughout hospitals in emerging nations. These situations make it difficult for doctors to provide high-quality care and may harm patient outcomes. The governments of numerous developing economies are investing and launching new initiatives to offer their citizens better healthcare services. For instance, the Ayushman Bharat initiative in India was launched by the Union Government in 2016 and addressed preventative and health promotion while concentrating on the primary, secondary, and tertiary care systems' healthcare. This plan is expected to lead to increased adoption of CDSS tools in public and private hospitals in India.

Regional Analysis

North America is the most significant global clinical decision support systems market shareholder and is estimated to exhibit a CAGR of 7.6% over the forecast period. The growing need for healthcare IT solutions in the medical sector can be attributed to its market dominance. The rapid advancement of technology and the growing significance of providing high-quality healthcare services further drive this market's expansion. Market participants bargain licensing arrangements with leading hospitals and healthcare institutions to expand their customer base. The increasing demand for reliable technology solutions integrated into high-quality care is one of the key factors driving the market.

Europe is anticipated to exhibit a CAGR of 9% over the forecast period. The European CDSS market is forecast to have a sizable market share throughout the projection period. According to NCBI, using such tools in clinical treatment presents foreseeably challenging legal difficulties for European healthcare providers and DSS vendors. DSS developers and healthcare providers work together to ensure compliance with national and European legislation and standards required for equitable and secure patient care. More advanced versions of these goods are progressively powered by more sophisticated AI or machine learning algorithms. These factors aid the development of the global market.

Key Highlights

• The global clinical decision support systems market was valued at USD 03 billion in 2022. It is estimated to reach USD 11.96 billion by 2031, growing at a CAGR of 10.1% during the forecast period (2023–2031).
• Based on the product, the global clinical decision support systems market is bifurcated into Standalone CDSS, Integrated CPOE with CDSS, Integrated EHR with CDSS, Integrated CDSS with CPOE, HER. The Standalone CDSS segment dominates the global market and is projected to exhibit a CAGR of 8.6% over the forecast period.
• Based on delivery mode, the global clinical decision support systems market is bifurcated into Web-Based Systems, Cloud Based Systems, and On-Premises Systems. The On-Premises Systems segment owns the highest market share and is predicted to exhibit a CAGR of 8.1% over the forecast period.
• Based on the application, the global clinical decision support systems market is bifurcated into Drug-Drug Interactions, Drug Allergy Alerts, Clinical Reminders, Clinical Guidelines, Drug Dosing Support, and Others. The Drug Allergy Alerts segment dominates the global market and is projected to exhibit a CAGR of 8.6% over the forecast period. Many people have allergies to particular medications.
• Based on components, the global clinical decision support systems market is bifurcated into Hardware, Software, and Services. The service segment owns the highest market share and is predicted to exhibit a CAGR of 8.8% over the forecast period.
• North America is the most significant global clinical decision support systems market shareholder and is estimated to exhibit a CAGR of 7.6% over the forecast period.

Competitive Players

1. Allscripts Healthcare Solutions Inc
2. Athenahealth Inc.
3. Carestream Health Inc.
4. Agfa Healthcare
5. GE Healthcare
6. Cerner Corporation
7. MEDITECH
8. NextGen Healthcare Information System LLC
9. McKesson Corporation
10. Philips Healthcare
11. Siemens Healthcare
12. CureMD Healthcare
13. EBSCO Industries, Inc.
14. ForeSee Medical, Inc.
15. LeewayHertz

Recent Developments

Recent Developments

• February 2023- To accelerate the delivery of patient care, Army Research and Referral Hospital teams up with Wolters Kluwer to develop the Clinical Decision Support System. To help the on-call doctors use Wolters Kluwer's product, the hospital set up a computer kiosk in the emergency room.

• January 2023- With the help of the Yale New Haven Health System (YNHHS) Center for Health Care Innovation, DreaMed Diabetes, a provider of AI-based diabetes care solutions, successfully implemented its endo.digital clinical decision support system as a fully integrated part of Northeast Medical Group's (NEMG) EMR workflow.

Segmentation

1. By Product
   1. Integrated CPOE with CDSS
   2. Integrated EHR with CDSS
   3. Standalone CDSS
   4. Integrated CDSS with CPOE & HER
2. By Component
   1. Hardware
   2. Software
   3. Services
3. By Application
   1. Drug-Drug Interactions
   2. Drug Allergy Alerts
   3. Clinical Reminders
   4. Clinical Guidelines
   5. Drug Dosing Support
4. By Delivery Mode
   1. Web-Based Systems
   2. Cloud-Based Systems
   3. On-Premises Systems
5. By Model
   1. Knowledge-Based CDSS
   2. Non-Knowledge-Based CDSS
6. By Type
   1. Diagnostic CDSS
   2. Therapeutic CDSS
7. By End User
   1. Clinics
   2. Hospitals
   3. Ambulatory Surgical Centres
   4. Others