Clinical Decision Support Systems Market (By Product: Standalone CDSS, Integrated CPOE with CDSS, Integrated E.H.R. with CDSS, Integrated CDSS with CPOE & E.H.R.; Application: Drug-drug Interactions, Drug Allergy Alerts, Clinical Reminders, Clinical Guidelines, Drug Dosing Support, Others; By Delivery Mode: Web-based Systems, Cloud-based Systems, On-premise Systems; By Component: Hardware, Software, Services) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Healthcare

According to Vision Research Reports, the clinical decision support systems market size was valued at US$ 571.96 million in 2020 and it is expected to be worth around US$ 891.25 million by 2030, growing at a CAGR of 16.7% during forecast period 2021 to 2030.

Growth Factors

Surging demand for quality care is one of the primary factors augmenting the market. Constant lookout for reliable technology solutions by care providers is also expected to work in favor of the market. Growing interest in enhanced medical care and efficient decision-making is projected to fuel adoption of CDSS and EHR. 

CDSS industry includes products that provide knowledge-based and evidence-based solutions to practitioners. Decision support in critical health situation proves to be of significant importance. Furthermore, these systems analyze patient medical records and provide a list of possible solutions from which the most appropriate is to be selected.

Easy compatibility and interoperability of systems with different platforms have enhanced growth prospects of the market. Collaborative efforts of researchers and software developers to make medical knowledge available to users are anticipated to contribute towards lucrative revenue generation over the forecast period. Furthermore, collaborations intended by market participants for availing licensed product platforms for CDSS is likely to influence the growth of the market positively.

Product Insights

Standalone CDSS held the largest revenue share of over 30.0% in 2021 as it is widely adopted due to its low cost and simplicity. Ease to use in hospitals and clinical settings has contributed to its growth. The standalone segment will continue to dominate the market throughout the forecast period. CDSS products are available either in standalone or in integration with EHR or CPOE or both.

The integrated EHR with CDSS segment is anticipated to witness lucrative growth over the forecast period. Increasing awareness and adoption of EHR by multi-specialty health care units is poised to influence the growth of the integrated EHR with the CDSS segment. CDS systems, when integrated with EHR, provide patient database and history to CDSS, which can provide clinical solutions and suggest medication to the practitioner, thus automating the clinical workflow. CDSS and EHRs are often integrated to streamline workflows and make use of present data sets. There is an increasing number of CDSS functions that are built into EHR systems, which is expected to support segment growth.

Application Insights

Drug allergy alerts held the largest revenue share of over 25.0% in 2021. Several people have allergies to some specific drugs, and consequently, it is important to have systems that provide allergy alerts. The burden of allergies, i.e., drug allergies, is rising. In the process of prescribing, dispensing, or administering a drug, a medicine error may happen and can have adverse significance, e.g., medication may be given to a patient with a documented allergy to that drug.

The clinical guidelines segment is anticipated to witness lucrative growth over the forecast period. The CDS system offers guidelines for treatment and diagnosis. It retrieves data from the knowledge base and utilizes it for treatment, providing the practitioner with clinical guidelines to be followed during the treatment course, thus, improving the quality of care.

Component Insights

The services segment held the largest revenue share of over 40.0% in 2021. This is due to timely up-gradation of software as well as the knowledge base available for use. Services in CDSS involve the maintenance of components and their accessories. It includes hardware and software upgrades and provides a knowledge database with the latest innovations and recent medications.

The software segment is anticipated to witness lucrative growth over the forecast period. The CDSS software, when used in integration with software for CPOE and EHRs, provides enhanced decision support by making customized and specific results for the particular patient. Novel innovations for technical support and interoperability of the software are anticipated to drive the market over the forecast period.

Delivery Mode Insights

The on-premise systems segment captured the largest revenue share of over 40.0% in 2021. Cloud-based systems held the second-largest revenue share in 2021 owing to significant innovation in information technology, with potential applications in the healthcare sector. Reliability and cost-efficiency are major factors that contribute to the growth of this segment. The primary services provided under cloud computing are Platform as a Service (PaaS) which creates a platform, i.e., develops an OS 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 forms the most critical aspect of the cloud provider as it enables them to operate, install, and manage software to provide services to the end user.

CDSSs require access to healthcare data and knowledge, which is stored in a database. Data stored on the web is easily accessible through mobile and computer devices. Web-based devices use the data stored on the web to provide decision support to medical practitioners. Technology innovation has enabled the designing of web-based systems for the accurate diagnosis of different health conditions. For instance, Net Decision Support System is a web-based system that offers support for depression management.

Regional Insights

North America dominated the global CDSS market in 2021 with a revenue share of over 45.0%. This can be attributed to the surging demand for healthcare information technology solutions in the medical sector. Rapid technological advancements and the growing importance of providing quality healthcare services are further contributing to market growth in this region.

Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. This can be attributed to the increasing investments in the healthcare sector in countries such as Australia, China, India, and Japan. The Asia Pacific market is showing high potential due to increasing R&D expenditure by the governments of key economies for increasing the penetration of information technology in the medical field. In addition, the increasing geriatric population is likely to serve as a key factor fueling the Asia Pacific market.

Key Players

Agfa Healthcare; McKesson Corporation; NextGen Healthcare Information Systems; Medical Information Technology Inc.; Carestream Health Inc.; AthenaHealth; Philips Healthcare; Wolters Kluwer NU; Cerner Corporation; and Siemens Healthineers.

Market Segmentation

  • Product Outlook

    • Standalone CDSS

    • Integrated CPOE with CDSS

    • Integrated E.H.R. with CDSS

    • Integrated CDSS with CPOE & E.H.R.

  • Application Outlook

    • Drug-drug interactions

    • Drug allergy alerts

    • Clinical reminders

    • Clinical guidelines

    • Drug dosing support

    • Others

  • Delivery Mode Outlook 

    • Web Delivery

    • Cloud Delivery

    • On Premises Delivery

  • Component Outlook

    • Hardware

    • Software

    • Services

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

    • Middle East and Africa (MEA)

      • South Africa

The Clinical Decision Support Systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Clinical Decision Support Systems market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Clinical Decision Support Systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Clinical Decision Support Systems market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Clinical Decision Support Systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Clinical Decision Support Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Clinical Decision Support Systems by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Clinical Decision Support Systems market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Clinical Decision Support Systems market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Clinical Decision Support Systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Clinical Decision Support Systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Clinical Decision Support Systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Clinical Decision Support Systems market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Clinical Decision Support Systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Clinical Decision Support Systems market. These factors have benefited the growth of the global market for Clinical Decision Support Systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Clinical Decision Support Systems. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Clinical Decision Support Systems are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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