Clinical Decision Support Systems Market is expected to reach $1085 million by 2023

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According to the new market research report by IndustryARC titled “Clinical Decision Support System Market By Mode (Active CDSS, Passive CDSS); Decision Mechanism (Knowledge and Non-Knowledge Based); By Applications, Timing of Use and Geography – Analysis and Forecast (2018-2023)”, the market is driven by the healthcare initiatives of the government.

Americas dominates the Clinical Decision Support Systems Industry

Americas holds a major share in the Clinical Decision Support Systems Market. It is expected to reach $534.03 million by 2023 at a CAGR of 9.6%.USA is the largest market for CDSS and is expected to reach $267.8 million at a CAGR of 7.8%. This is followed by Europe and the Asia Pacific. In America, the growth of the market can be attributed to the expansion of the healthcare informatics market in countries like the US and Canada. The government in the US has begun implementing digitalization of medical records in hospitals by enforcing laws such as the American Recovery and Reinvestment Act (2009) and Health Information Technology for Economic and Clinical Health Act (HITECH). These factors drive the adoption of health information technology systems, thereby enabling hospitals to digitalize the records by integrating Electronic Health Records or Electronic Medical Records. The increasing adoption of digital records drives the growth of clinical decision system management.

Selected Analysis was done in the full Report:

Alerts and reminders are activated in the background during patient and data entry. They prepare real-time information for the decision makers to update a patient’s status, augment a decision, and to prevent a negative action. They even provide notification of errors to the new patient data entered by the user to warn of any hazardous potential of the new medication. The reminders provide key information to the providers without the requirement of immediate action on the issue. The real-time reminders can be sent to the clinician through pages, email, and printed messages placed in the patient charts.

Standalone devices account for the majority of the revenue in the Clinical Decision Support Systems Market. This segment is expected to reach $685.8 million at a CAGR of 8.5%. Data entry integrated system will experience a growth of $401.4 million at 11.5%.

Excerpts on Market Growth Factors

• The clinical decision support systems can reduce medical errors by helping the decision makers in improving the overall health of the patient. This factor drives the growth of the Clinical Decision Support Systems Market.

• Healthcare initiatives undertaken by the government, enhance the demand for clinical decision support systems. E.g. Health Information Technology for Economic and Clinical

Health(HITECH) act.

• CDSS enhances the quality and efficiency of the patient workflow. It helps in evidence-based decision making with the help of the algorithm based software and needs frequent software updates. Proper integration along with user-friendliness and ease of operation enhances the growth of clinical decision support systems.

• CDSS can maintain a patient’s health-related data such as medical prescriptions, diagnostic test reports, physician referral orders, and patient disease history. The technique helps physicians to access the latest scientific research data when an unintended decision taken by the clinician may endanger the health of the patient.

To access the full report browse the link below

https://industryarc.com/Report/118/clinical-decision-support-systems-devices-market.html?

Key players of the Clinical Decision Support Systems Industry

Epic Systems Corporation, McKesson Corporation, Alere Inc., Allscripts Healthcare

Solutions, Inc. and Wolters Kluwer N.V are the key players of the Clinical Decision Support Systems Market. Alere Inc. is a healthcare company which manufactures diagnostic devices and provides other services. It has its operations in 25 countries including Japan, Portugal, Australia, and Germany. Wolters Kluwer Health, headquartered in Philadelphia, delivers data to health professionals and institutions from the field of medicine, pharmacy, and nursing. McKesson Corporation operates in two business segments, namely Distribution Solutions and Technology Solutions. The McKesson Technology Solutions segment includes McKesson Health Solutions, which includes clinical decision solutions.

Clinical Decision Support Systems Market is segmented as below

Innovations and user-friendly software will drive the growth of the Clinical Decision Support Systems Market during the forecast period.

A. Clinical Decision Support Systems Industry By Decision Making Mechanisms

1. Introduction

2. Knowledge-based CDSS

2.1. Fuzzy Logic-Based

2.2. Rule-Based

2.3. Evidence-Based

3. Non-Knowledge-based CDSS

3.1. Artificial Neural Networks

3.2. Genetic Algorithms

B. Clinical Decision Support Systems Industry By Application

1. Introduction

2. Alerts and Reminders

3. Diagnostic Assistance

4. Documentation forms

5. Order creation facilitators

6. Protocol support

7. Image Recognition and Interpretation

8. Prescription Decision Support

9. Information Retrieval

10 Therapy Critiquing and Planning

11 Others

C. Clinical Decision Support Systems Industry By Timing of Use

1. Introduction

2. Pre-diagnosis

3. During diagnosis

4. Post- diagnosis

D. Clinical Decision Support Systems Industry By Device

1. Introduction

2. Stand Alone Devices

3. Data Entry Integrated Systems

E. Clinical Decision Support Systems Business By End User

1. Introduction

2. Clinics

3. Hospitals

4. Pharmacy

5. Others

F. Clinical Decision Support Systems Business By Geography(covers 12+ countries)

G. Clinical Decision Support Systems Business Entropy

Companies Citied / Interviewed

1. ALERE, INC

2. AUTONOMY CORPORATION PLC.

3. EBSCO INDUSTRIES, INC.

4. ELSEVEIR CLINICAL DECISION SUPPORT

5. FIRSTDATABANK INC.

6. GIDEON INFORMATICS, INC.

7. IBM WATSON

8. ICNET INTERNATIONAL LIMITED

9. INFERMEDICA SP Z.O.O

10. EVIDERA

11. ISABEL HEALTHCARE, INC.

12. LOGICAL IMAGES, INC.

13. MASSACHUSETTS GENERAL HOSPITAL

14. MCKESSON CORPORATION

15. PEPID LLC,

16. PHILIPS HEALTHCARE

17. SHARECARE, INC.

18. SIMULCONSULT, INC.

19. TRUVEN HEALTH ANALYTICS, INC.

20. T- SYSTEMS INC.

What can you expect from the report?

The Clinical Decision Support Systems Business Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data 12. Country-level Analysis

3. Manufacturer Landscape 13. Competitor Analysis

4. Distributor Landscape 14. Market Shares Analysis

5. Pricing Analysis 15. Value Chain Analysis

6. Top 10 End-user Analysis 16. Supply Chain Analysis

7. Product Benchmarking 17. Strategic Analysis

8. Product Developments 18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis 19. Opportunity Analysis

10. Patent Analysis 20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC publish country or application based reports in Clinical Decision Support Systems segment?

Response: Yes, we do have separate reports as mentioned below:

1. Americas Clinical Decision Support Systems Business (2018-2023)

2. Europe CDSS Business (2018-2023)

3. Asia Pacific CDSS Business (2018-2023)

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end-user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more our consulting services.

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https://industryarc.com/subscription.php

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Mr. Venkat Reddy

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

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