Clinical Decision Support System (CDSS) Market Analysis by Component (Services, and Software); by Delivery Mode (Cloud, and Web-based Systems); by Application (Knowledge based, and Non-Knowledge Based), and by End-Users (Clinics, Ambulatory Surgical Centers, Hospitals, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

Clinical Decision Support System (CDSS) Market Scope

Global Clinical Decision Support System (CDSS) Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global clinical decision support system (CDSS) market is estimated to garner a revenue of USD 3.0 Billion by the end of 2031 by growing at a CAGR of ~11% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 1.0 Billion in the year 2021. The growth of the market can be attributed to the growing incidences of medication errors. As per the World Health Organization, 134 million adverse events occur in hospitals in low- and middle-income countries as a result of unsafe care, resulting in 2.6 million deaths every year.

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CDSS stands for clinical decision support system and is a computer program that provides help to healthcare providers through analyzing data within an EHR to enhance health services. The advantages associated with the use of CDSS are the reduction of errors, providing better efficiency, reduction in cost, and others. On the contrary, there are disadvantages attached to the clinical decision support system such as difficulty in keeping updated content, and reduction of human roles. It cannot be ruled out that the rising trend of investment in research and development for advancement in technology will set aside all the drawbacks and it is anticipated to surge the growth of the global clinical decision support system market. For instance, as per the U.S. Investments in Medical and Health Research and Development, the investment in health and medical research and development reached USD 245.1 billion in the year 2020.

Global Clinical Decision Support System (CDSS) Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Incidence of Emergency Cases– In the event of an emergency, the CDSS helps in providing necessary reminders and alerts to care patients which is projected to drive the growth of the global clinical decision support system market size. As per the National Center for Health Statistics, approximately 151 million patients visited emergency departments in the United States in 2019.

• Growing Healthcare Industry – With the rapid advancement in bioinformatics and biotechnology, there is a rising demand for improvement in management, data storage, and analytics platforms. Nearly 30 percent of the world’s data is generated by the healthcare industry.

• Rising Number of Hospitals– The rise in the number of hospitals will surge the demand for clinical decision support systems in order to provide the patients’ care guidelines while attending to a large number of patients. As per the American Hospital Association, the total number of United States hospitals in 2020 accounted for 6,093 which gives rise to 920, 531 staffed beds.

• Increase in Patient Records– Through analyzing the patient's medical history records, the clinical decision support system is able to support the health providers in taking better decisions. Nearly 6 percent of non-federal general acute hospitals opted for 2015 edition certified electronic health records between 2019 and 2021.

• Rise in the Older Population- CDSS helps in providing support to health professionals related to the complex care of the elderly population through different guidelines. Hence, it is expected to surge the growth of the global clinical decision support system market. As per the World Bank, an increasing trend has been seen for the older population aged 65 and above, from 7 percent in 2005 to 10 percent in 2021.

Challenges

• Lack of Skilled Labor for Operating CDSS

• High Investment is Required for the Implementation of CDSS

• Threat to Health-Related Data from Hackers

The global clinical decision support system (CDSS) market is segmented and analyzed for demand and supply by end-users into clinics, ambulatory surgical centers, hospitals, clinics, and others. Out of which, the hospital's segment is anticipated to hold the largest share over the forecast period owing to the increase in the availability of hospitals and the presence of a large number of data related to patients.  According to the data provided by World Economic Forum in 2019, hospitals generate approximately 50 petabytes of data each year.

Global Clinical Decision Support System (CDSS) Market Regional Synopsis

Regionally, the global clinical decision support system (CDSS) market is studied in five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2031 owing to factors such as rising demand for healthcare information technologies and rapid investment and collaborations made by stakeholders for the new healthcare technologies.

However, the market in the Asia Pacific region is anticipated to witness the highest growth during the forecast period owing to increasing government investment, an increase in the establishment of information technologies in the healthcare field, and the rise in the elderly population. According to the United Nations People Fund (UNPF), the elderly population of the Asia Pacific region is growing at a massive rate. The number of people aged over 60 years is predicted to increase by a triple rate, thereby reaching a number of about 1.3 billion by 2050.

 Market Segmentation

 Our in-depth analysis of the global clinical decision support system (CDSS) market includes the following       segments:

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Key Companies Dominating the Global Clinical Decision Support System (CDSS) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global clinical decision support system (CDSS) market that are included in our report are McKesson Corporation, Cerner Corporation, Wolters Kluwer N.V., OCHIN, Inc., Epic Systems Corporation, Zynx Health, Inc., Elsevier Inc., IBM Corporation, Altera Digital Health Inc., Siemens Healthcare GmbH, and others.

Global Clinical Decision Support System (CDSS) Market: Latest Developments

• March 2022: McKesson Corporation was selected by Agios Pharmaceuticals, Inc., as a pharmacy provider for PYRUKYND for the treatment of haemolytic anaemia in adults.

• February 2022: Cerner Corporation, announced its new agreement with the U.S. Social Security Administration (SSA) to help with patient's disability benefits through clinical electronically health record.

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• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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