Clinical Decision Support Systems Market
The clinical decision support systems market accounted to US$ 2,772.60 Mn in 2018 and is expected to grow at a CAGR of 9.2% during the forecast period 2019 – 2027, to account for US$ 5,983.38 Mn by 2027.
The clinical decision support systems market in the Asia Pacific region is estimated to be the fastest-growing region. The region consists of the countries such as China, India, Japan, Australia, South Korea and Rest of Asia Pacific. The market of clinical decision support systems in the Asia Pacific is expected to grow due to rising pressure on healthcare institutions to provide quality health at reduced costs, growing adoption of big data & health IT tools, and rising number of hospitals. Similarly, India holds immense scope for clinical decision support systems market across different applications, owing to the prevalence of cancer as well as the adoption of healthcare IT.
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Medical Information Technology, Inc.
Wolters Kluwer N.V.
Baxter International Inc.
Koninklijke Philips N.V.
Epic Systems Corporation
Global Clinical Decision Support Systems Market – By Component
Purell Smartlink Software
Support and Maintenance Services
Training and Consulting Services
Global Clinical Decision Support Systems Market – By Delivery Mode
Global Clinical Decision Support Systems Market – By Application
Global Clinical Decision Support Systems Market – By End User
Ambulatory Care Centers
The clinical decision support systems have been witnessing rapid acceptance by healthcare providers as well as patients during recent years, owing to the benefits being offered by it. In support, there have been various significant collaborations and partnerships in the market, which have fueled the growth of the clinical decision support systems market. The market has been marked mainly by the presence of big and small players; however, during recent years, large companies have begun to take an interest in this space.
According to the reports published by Mercom Capital Group in October 2019, the global digital health VC funding has reached to USD 7.2 billion, increased by 42%, the CDSS received USD 514 million. This funding has boosted the global CDSS companies and medical research startups where they can invest in new innovative solutions. Advancements in the CDSS system will help healthcare providers to provide better care and treatment to their patients.
For instance, in September 2017, Mayo Clinic has developed a CDS tool, “CareSelect Lab” in collaboration with the National Decision Support Company (NDSC). CareSelect Lab provides the comprising recommendations for lab test order. CareSelect Lab enables to deliver EHR-integrated guidelines with more than 1,500 best-practice care models-maintained by Mayo Clinic. Epic Systems partnered with Mayo Clinic in September 2017. Together they have launched “Ask Mayo Clinic.” It offers a web-based symptom assessment system by leveraging the capability of “Epic MyChart.” It assists patients in managing their care. Such kind of collaborations provides potential opportunities for CDSS players to grow in the future.
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