Global Clinical Decision Support System Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Clinical Decision Support System market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
|Study Period||Historical Data: 2015-19|
|Base Year: 2019|
|Forecast Period: 2020-25|
|Regions Covered||North America|
|Middle East & Africa|
|Unit Denominations||USD Million/Billion|
According to MarkNtel Advisors’ research report titled “Global Clinical Decision Support System Market Analysis, 2020”, the Global Clinical Decision Support System (CDSS) market is anticipated to grow at a CAGR of around 11.2% during 2020-25. The clinical decision support system greatly helps to improve decision making in the overall clinical workflow. The CDSS helps with managing the patient’s data, who is diagnosed with chronic diseases, with advanced algorithms and interactive interfaces. The key factors driving the growth of Clinical Decision Support System market include the bolstering need for quality of care of patients, inducing demand for healthcare expenditures, and a growing need for reduction in human errors.
Advanced CDSS Segment Registered the Fastest Growth
The advanced CDSS segment gained the maximum market share in 2019 owing to the upgradation of CDSS systems for performing better functions by healthcare organizations such as treatment planning, health economics management along with it helps the healthcare professional in providing right medication dose to patients suffering from renal insufficiency and alsocheck drug disease interactions. The growth is projected to show exponential growth through 2025 whereas the conventional CDSS segment is expected to grow at a substantial rate as stated in the MarkNtel Advisors’ research report “Global Clinical Decision Support System Market Analysis, 2020”.
Integrated Solutions in Healthcare Organizations is Leading to the Growth of Integrated CDSS Segment
Based on the product segment, the integrated CDSS segment acquired the highest market share in 2019 as compared to the standalone segment in the same year. Integrated solutions opted by healthcare organizations consisting of several interconnected application programs. These systems provide clinicians and decision makers with a robust database for supporting evidence.
On-Premise Segment is Expected to Escalate at a Rapid Pace
On-premise delivery mode is mostly popular among the patients are there as less possibility of data theft. With the rise in innovation, the on-premise segment is gaining a faster pace and contributed to the major market share in 2019.
FDA approvals for novel combinations of treatment of complicated health conditions such as cancer and neurodegeneration have increased in the last few years. With the rising number of incidences of disease among the patients, the need for more storage generates. Thus, cloud-based systems are efficient in storing large amounts of patient data. An upsurge in the cloud-based systems is foreseen during 2020-25.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Clinical Decision Support System market include Cerner, Epic System, Philips Healthcare, IBM, AllScripts, Meditech, McKensson, Wolter Kluwer Health, Hearst Health, Elservier B.V, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Clinical Decision Support System Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Clinical Decision Support System Market during 2020-25?
A. The growth rate of Global Clinical Decision Support System Market during 2020-25 is forecast to be around 11.2%.
Q. Who are the key competitors or players operating in Global Clinical Decision Support System Market?
A. Cerner, Epic System, Philips Healthcare, IBM, AllScripts, Meditech, McKensson, Wolter Kluwer Health, Hearst Health, Elservier B.V, etc. are few of the leading players in the Global Clinical Decision Support System Market.
Q. Which delivery mode segment would emerge as an opportunity area for players in Global Clinical Decision Support System Market?
A. On premise segment application segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Clinical Decision Support System Market?
A. The North America grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Clinical Decision Support System Market.