USD 4.48 billion
Global Clinical Decision Support System Market Size, Share, Growth Analysis, By Product(Standalone CDSS, Integrated CPOE with CDSS), By Application(Drug-drug Interactions, Drug Allergy Alerts), By Deployment Mode(Web-based Systems, Cloud-based Systems), By Component(Hardware, Software) - Industry Forecast 2024-2031
Report ID:
SQSG45F2024 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
121 |
Figures:
74
Global Clinical Decision Support System Market Insights
Global Clinical Decision Support System Market size was valued at USD 4.48 billion in 2019 and is poised to grow from USD 4.86 billion in 2023 to USD 10.7 billion by 2031, growing at a CAGR of 10.4% in the forecast period (2024-2031).
One of the primary factors driving the market's growth is the increasing demand for trustworthy technical solutions that are integrated into high-quality care. The market is expanding as a result of more hospitals and healthcare facilities implementing information systems, as well as beneficial global government efforts. Authorities like the FDA impose rigorous regulations on clinical decision support systems. Platforms that have been introduced or are still in the development stage must therefore meet pertinent standards stipulated by the FDA and CE Mark. Competitors must also ensure that information technology and cyber regulations are not broken in order to ensure the integrity of their products.
Initiatives have been done by CDSS vendors and groups to assist stop the epidemic. As it demonstrated how healthcare teams can stay up to date on the newest COVID information and intelligence, helping to increase the quality of the care they give, CDSS has grown into a crucial weapon in the fight against COVID-19. In individuals with a moderate to high chance of COVID-19, the Infectious Diseases Society of America recommended repeating a COVID-19 test. There was, however, little guidance as to what circumstances made a patient more or less likely to get the infection. At Massachusetts General Hospital, an infectious disease team was on duty constantly. Consequently, focused efforts resulted in the creation of a CDS tool known as COvid Risk cALculator (CORAL). The EHR has the tool integrated into it. This should have a favourable effect on market expansion. Additionally, CORAL's outpatient version was unveiled in October 2021. The only algorithm that has been included into ordinary, prospective physician workflow through an EHR CDSS is CORAL, which has maintained its exclusivity.
The COVID-19 outbreak has put medical practices of all sizes under a great deal of stress, and healthcare facilities around the world are being overrun by the large number of patients who are visiting them each day. The emergence of this pandemic has increased demand for precise diagnostic and therapeutic tools in numerous nations around the world. Clinical decision support systems have proven to be helpful in this regard because they enable healthcare professionals and organisations to monitor patients using a variety of tools, like home blood pressure monitors and pulse oximeters. In addition, the rapid global spread of this disease has led to a shortage of hospital beds and medical personnel. This has increased the need for connected medical devices for monitoring vital signs.
Additionally, due to the pandemic, there was a greater requirement for social distance between doctors and patients, which boosted the demand for CDSS solutions and a quick and accurate transmission of patient health records. Many market participants have included COVID-19-related functionality into their current EHRs, which are freely accessible to users.
US Clinical Decision Support System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Software
Fastest Growth
Software
Growth Rate
10.4% CAGR
Global Clinical Decision Support System Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Clinical Decision Support System Market Size by Product, 2021-2028 ($ Bn)
Global Clinical Decision Support System Market Size by Product, 2021-2028 (%)
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Global Clinical Decision Support System Market Segmental Analysis
Global Clinical Decision Support System Market is segmented based on Product, Application, Delivery Mode, Component, and Region. Based on Product the Clinical Decision Support System Market is further sub segmented into Standalone CDSS, Integrated CPOE with CDSS, Integrated E.H.R. with CDSS, Integrated CDSS with CPOE & E.H.R. Based on Application the Clinical Decision Support System Market is further sub segmented into Drug-drug Interactions, Drug Allergy Alerts, Clinical Reminders, Clinical Guidelines, Drug Dosing Support, Others , Based on Delivery Mode the Clinical Decision Support System Market is further sub segmented into Web-based Systems, Cloud-based Systems, On-premise Systems. Based on Component the Clinical Decision Support System Market is further sub segmented into Hardware, Software, Services. Based on Region the Clinical Decision Support System Market is further sub-segments into North America, Europe, Asia Pacific, Latin America, MEA.
Clinical Decision Support System Market Analysis Based on Product
Due to its simplicity and low cost, standalone CDSS held the greatest revenue share of nearly 30.0% in 2021. Its expansion has been facilitated by its simplicity of usage in clinical and hospital settings. For the whole duration of the forecast, the standalone category will continue to rule the market. Products from CDSS can be purchased independently, in conjunction with EHR or CPOE, or both.
Over the projected period, it is expected that the integrated EHR with CDSS segment will grow profitably. The multi-specialty healthcare units' growing awareness and EHR adoption is expected to have an impact on the segment's growth for integrated EHR with CDSS. When CDS systems and EHR are combined, the patient information and medical history are given to CDSS, which can then offer clinical advice and suggest treatments to the practitioner, automating the clinical workflow. To simplify processes and take advantage of current data sets, CDSS and EHRs are frequently connected. A growing number of CDSS features are being incorporated into EHR systems, which is expected to boost segment expansion.
Clinical Decision Support System Market Analysis Based on Application
In 2021, drug allergy alerts accounted for the greatest revenue portion (25.0%). Many people have allergies to particular medications, therefore it's critical to have systems that deliver allergy alerts. Drug allergies, as a subset of allergies, are becoming more prevalent. A medication error may occur during the prescribing, dispensing, or administration of a drug and may have negative consequences, such as the administration of medication to a patient who has a known drug allergy.
Over the projection period, the clinical guidelines segment is expected to increase profitably. The CDS system provides recommendations for both diagnosis and treatment. It pulls information from the knowledge base and uses it for treatment, giving the practitioner practical recommendations to follow throughout the duration of the treatment. This raises the standard of care.
Clinical Decision Support System Market Analysis Based on Component
In 2021, the services sector had the highest revenue share at nearly 40.0%. This is as a result of regular programme updates and the usable knowledge base. The upkeep of parts and their accessories falls under the category of CDSS services. It offers a knowledge database with the newest inventions and drugs, as well as hardware and software upgrades.
Over the projected period, it is expected that the software segment will grow profitably. The CDSS software offers improved decision assistance by producing tailored and unique outcomes for the given patient when used in connection with software for CPOE and EHRs. Over the course of the forecast period, new developments in technical support and software compatibility are predicted to drive the market.
Clinical Decision Support System Market Analysis Based on Delivery mode
In terms of revenue share, the on-premise systems market accounted for more than 40.0% in 2021. In 2021, cloud-based solutions had the second-highest revenue share because of major information technology advancements that could find use in the healthcare industry. Major drivers of this segment's growth include cost effectiveness and dependability. Platform as a Service (PaaS), which develops an operating system to run the software, Infrastructure as a Service (IaaS), which uses virtual technology to create a user interface to provide the services, and Software as a Service (SaaS), which is the most crucial component of the cloud provider as it enables them to run, install, and manage software to provide services to the end user, are the three main services provided under cloud computing.
Global Clinical Decision Support System Market Share By Product, 2021 (%), 2023 (%)
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Global Clinical Decision Support System Market Regional Insights
A large portion of the global market for clinical decision support systems is expected to be dominated by North America due to the region's higher adoption of clinical decision systems by healthcare organisations. In addition, the introduction of new technologies to integrate existing data handling systems, such as EHR and clinical decision systems, are providing patients with predictive scenarios, which are responsible for better patient experience and treatment.
Due to the region's rapidly expanding patient population and growing demand for software assistance in managing this expanding patient population, Asia Pacific has enormous potential for growth of the world's clinical decision support systems. Additionally, it is expected that increased cooperation between healthcare organisations and information technology firms for the development of new systems will accelerate the growth of clinical decision support systems globally in the Asia Pacific region.
Global Clinical Decision Support System Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Clinical Decision Support System Market Dynamics
Clinical Decision Support System Market Driver
- The European Union's health ministers agreed to work together and create an eHealth common area in 2021, allowing for the free flow of electronic health records throughout the continent. The declaration also urges the inclusion of eHealth as a key component of the Europe 2021 strategy. Such policies/initiatives are expected to increase the demand for and uptake of EHR, which will have an impact on the uptake of CDSS in important global markets.
Clinical Decision Support System Market Restraint
- The global clinical decision support systems market is expected to experience growth challenges due to healthcare resources' resistance to install and run clinical decision support systems.
- The global market for clinical decision support systems is expected to experience significant growth restraints due to higher software installation and post-sale support costs.
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Global Clinical Decision Support System Market Competitive Landscape
The market is indeed not overly highly competitive. The market has been distinguished by the presence of prominent participants as well as other clinical decision support system suppliers. To gain a competitive advantage over one another, these players engage in new product launches, product innovations, acquisitions, and partnerships.
For instance, Change Healthcare unveiled InterQual 2021 in April 2021, the most recent iteration of the company's premier CDS solution. This update includes a significant amount of evidence-based content updates and enhancements, including new COVID-19 patient guidance, discussion of social determinants of health, and appropriate use of telehealth. It also includes four novel Medicare criteria elements. Additionally, DHIndia announced a collaboration with EHRC@IIITB & HealtheLife to create a CDSS for the screening of COVID-19 in May 2021. A front-line doctor's simple triage application was also created as part of the agreement. In the market for clinical decision support systems (CDSS), some significant companies are
Clinical Decision Support System Market Top Player’s Company Profiles
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- McKesson Corporation
- Philips Healthcare
- GE Healthcare
- Wolters Kluwer Health
- Epic Systems Corporation
- Siemens Healthineers
- IBM Watson Health
- Athenahealth, Inc.
- Carestream Health
- Clinical Computer Systems, Inc.
- Meditech
- NextGen Healthcare
- Intersystems Corporation
- Elsevier B.V.
- Hearst Health
Decision Support Systems, Inc.
DXC Technology
Truven Health Analytics (a part of IBM Watson Health)
Clinical Decision Support System Market Recent Development
- Change Healthcare (US) and the American Society of Addiction Medicine jointly launched InterQual in 2021. (ASAM). Utilizing industry-standard criteria, InterQual seamlessly integrates into current care-management workflows, drastically cuts the time needed for patient assessments of substance use disorder (SUD), improves consistency, and streamlines the prior-authorization process.
- An expansion of Allscripts SunriseTM electronic health records (EHR) to Victoria, Australia, and Gippsland was announced by the GHA in 2021. The Sunrise Emergency Care module (part of the Sunrise EHR platform of health) will be put into place at the emergency departments of the Central Gippsland Health Service, Bairnsdale Regional Health Service (servicing east Gippsland), West Gippsland Healthcare Group, and Bass Coast Health, which covers the southern part of the region, during Phase 3 of GHA's EHR Community Health project.
Global Clinical Decision Support System Key Market Trends
- The growth of partnerships between CDSS providers and hospitals has significantly increased during the last few years. The demand is expected to rise even more as a result of government recognition and activities to promote the deployment of CDSS and EHR systems. By lowering the amount of time spent looking up a patient's medical history and records, integration with electronic health records (EHR) increases the effectiveness of clinical care. Additionally, the Health and Medicare Acts of the United States Government have approved CDSS, financially rewarding CDS integration into EHRs (Electronic Health Records). A CDSS was present in approximately 41% of American hospitals with an EHR in 2021, and a cutting-edge CDS was available in 40.2% of American hospitals in 2021. Additionally, businesses collaborate to create and offer software that is updated with the most recent data.
Global Clinical Decision Support System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the standalone CDSS dominated the global Clinical Decision support System Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, the North America dominated the global Clinical Decision support System Market owing to the region's highly aware and economically stable population.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.48 billion |
| Market size value in 2031 | USD 10.7 billion |
| Growth Rate | 10.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Clinical Decision Support System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Clinical Decision Support System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Clinical Decision Support System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Clinical Decision Support System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Clinical Decision Support System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Clinical Decision Support System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Clinical Decision Support System Market Report Snapshots
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