Clinical Decision Support System - Worldwide Market Size, Key Vendors, Growth Rate, Drivers & Forecast Report 2022
The
clinical
decision support system market size is expected to cross $1.5 billion by
2022, growing at a CAGR of 21.5% between 2016-2022. The CDSS market is driven
by five major factors, including growing demand for advanced healthcare
information systems, growing investments by HIT players, growing need for
remote patient monitoring services, and increasing support from government
organizations.
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In terms of product,
the CDSS market is segmented into integrated CDSS solutions and standalone CDSS
solutions. The integrated CDSS solution segment accounted for larger share in
the clinical decision support system market in 2015; and is also expected to witness the higher growth during
2016-2022.
In terms of model,
the CDSS market is segmented into knowledge based CDSS solutions, and
non-knowledge-based CDSS solutions. The knowledge based CDSS solution segment
accounted for larger market share in the clinical decision support
system market in 2015; and is expected
to witness the higher growth during 2016-2022.
The massive unexplored CDSS across the globe has created
abundant opportunities for the major players to exploit the potential of the
CDSS market. Although, there has been significant development in the developed
economies of European Union (EU) and the U.S., the clinical decision support
system market is still at its nascent form, especially in the developing
countries of Asia, Latin America, and Africa. A high growth in numbers of end
user including hospitals, and pharmacy has been witnessed in the developing
countries of these regions, which provides immense growth opportunities for the
CDSS market.
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Some
of the key companies operating in the CDSS market include Cerner Corporation,
RELX Group PLC, Epic Systems Corporation, General Electric Company, McKesson
Corporation, Zynx Health Incorporated, International Business Machine
Corporation, Siemens AG, Allscripts Healthcare Solutions Inc., Meditech
and Wolters Kluwer.
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