This report is the latest document encompassing the massive changes that took place in the clinical decision support systems market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the clinical decision support systems market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments.
The role of government plays an important in bringing any new system or technology in the culture of the healthcare industry. A clinical decision support system is an expensive phenomenon, hence an initial stage of the launch of this system, the financial support, and awareness spread by the government would play an essential role in this industry. This would ultimately improve the healthcare condition of the respective country. For instance, initiated in November 2015, China's 13th Five-Year Plan (FYP) focused on transforming the healthcare services in the region. State spending on healthcare in China increased from 15% in 1999 to 30% in 2013, and out-of-pocket expenditures dropped from 60% to 34%.
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Some Key Highlights from the Report
By component, services, in terms of revenue, contributed to the clinical decision support systems largest market share of over 60.0% in 2019 and are likely to grow at a rate of 9.1% in the forecast period. The market dominance of services is attributed to the offering of services, comprising consulting, training, and maintenance, among others, on a continuous basis to the end-users such as hospitals and clinics.
By product, integrated CDSS held a larger clinical decision support systems market share in 2019 and is estimated to observe a faster growth rate of 10.2% in the forecast period, owing to the widespread demand for clinical decision support system solutions with functionalities to collaborate and exchange information amongst themselves.
By application, drug databases dominated the clinical decision support systems market in 2019 and are likely to grow at the fastest rate of 10.6% during the forecast period f clinical decision support systems market. Rising prevalence of allergies especially, drug allergies, is driving the demand for a clinical decision support system for recommending, dispensing, or administering a drug to reduce the medication error that may occur and lead to adverse consequences.
North America held the largest clinical decision support systems market share in 2019 and is projected to grow at a rate of 8.5% in the forecast period. The market dominance of the region is owing to rising advancement in technology, high awareness among patients, and increasing focus on providing better healthcare services, among others.
Key participants include Cerner Corporation, Epic Systems Corporation, Zynx Health, Allscripts Healthcare Solutions Inc., IBM, McKesson Corporation, Siemens Healthineers, Meditech, Philips Healthcare, and Wolters Kluwer Health, among others.
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Emergen Research has segmented the global clinical decision support systems (CDSS) on the basis of component, product, type, mode of delivery, level of interactivity, setting outlook, usage, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
- Services
- Hardware
- Software
Product Outlook (Revenue, USD Million; 2017-2027)
- Integrated CDSS
- Standalone CDSS
Type Outlook (Revenue, USD Million; 2017-2027)
- Therapeutic CDSS
- Diagnostic CDSS
Mode of Delivery Outlook (Revenue, USD Million; 2017-2027)
- On-Premise CDSS
- Web-Based CDSS
- Cloud-Based CDSS
Level of Interactivity Outlook (Revenue, USD Million; 2017-2027)
- Active CDSS
- Passive CDSS
Setting Outlook (Revenue, USD Million; 2017-2027)
- Inpatient
- Ambulatory Care
Usage Outlook (Revenue, USD Million; 2017-2027)
- Knowledge-Based
- Expert Laboratory Information System
- Machine Learning Systems
Application Outlook (Revenue, USD Million; 2017-2027)
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
- Others
End-use Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Diagnostic Centers
- Clinics
- Retail Pharmacies
- Others
Key Objectives of the Report:
Analysis and estimation of the clinical decision support systems market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global clinical decision support systems market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Read More: https://www.emergenresearch.com/industry-report/clinical-decision-support-systems-cdss-market
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