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Clinical Decision Support System Market Analysis, Size, Share

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Clinical Decision Support System Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Clinical Decision Support System Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Clinical Decision Support System Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Clinical Decision Support System Market is offered. In accordance with the report, the global Clinical Decision Support System Market is projected to expand by healthy CAGR over the period of forecast.

Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:

Definition

Clinical Decision Support System is a system of health-based information technology. It is designed to provide assistance in health-related decision-making tasks by physicians, and healthcare staffs, officials and professionals. Robert Hayward of Centre for Health Evidence defines clinical decision support system as “Clinical decision support systems link health observations with health knowledge to influence health choices by clinicians for improved health care”. A significant segment of artificial intelligence in medicine is clinical decision support systems.

Market Drivers

The rising cases of medication error and the drive to lower such cases owing to its negative impact on the patients is driving the growth of this market. Some common preventable errors include mistakes in administration, preparation, storage, transportation and prescription of medicines. The necessity to keep track of patient’s health history for better treatment, error emission, timeliness, reduction in the patient’s waiting hours and to obtain quality care is driving the widespread application of CDSS and its market.

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The supportive measures undertaken by the governments of various nations is powering the growth of this market. The Food and Drug Administration keeps strict vigilance on the implementation and various aspects of clinical decision support system. For example, the announcement of market clearance for the contact application of Viz.AL by FDA in 2018. These factors positively affect this market.

The rapid advancement in Bioinformatics and biotechnology and its application in medical science is boosting the growth of this market. further, the association of a range of interoperability platforms with cloud computing is fueling the growth of this market.

The soaring proportion of aging population and their sufferance from geriatric diseases coupled with the trending emergency visits especially in the pandemic times is fueling the growth of the clinical decision support system market.

Market Restraints

The establishment of clinical decision support system in the healthcare sector is a costly affair which is a bottleneck for the growth of this market.

The unwillingness attitude towards the adoption of mobile clinical decision support system is hindering the growth of this market.

The lack of security and privacy of sensitive health related date is threatening the growth of this market. A study of the cybersecurity investigation company, Ermetic shows that 81% of the total healthcare organizations have witnessed security breaches in cloud data within 18 months accounted till June 2020. Rising cases of cybercrime and hackings is retarding the growth of this market.

Opportunities

The thriving healthcare sector coupled with the increasing implementation of information technology in this sector is a great scope to kickstart operation in this market.

Further, the policies aimed towards digitalization especially in the emerging economies like India and China is a great opportunity for this market.

The surging number of health-conscious consumers and their craze for better treatment and quality care equivalent to the expenditure on health incurred by them is a bankable opportunity to this market.

Trends

At present, North America dominates the CDSS market and is expected to hang on to its domination in the forecast period owing to the integration of information technology and healthcare facilities in this region. The Europe region is estimated to be the second largest region holding significant market growth of around 8.0% in the forecast period. The Asia Pacific region is projected to be the fastest growing region registering a CAGR of around 12.9%. This progress can be traced back to the policies aimed at the achievement of digitalization, the favorable policies and the government’s support towards the development of clinical decision support system market and the soaring health-conscious population.

Segment Covered:

This market intelligence report on the global Clinical Decision Support System Market encompasses market segments based on product type, delivery mode, model, component, application, level of interactivity, settings, type, and country.

           By Product Type the global Clinical Decision Support System Market has been divided into:

 

q  Integrated CDSS

q  Standalone CDSS

 

           By Delivery Mode the global Clinical Decision Support System Market has been divided into:

 

q  Cloud-based

q  On Premise

            By Model the global Clinical Decision Support System Market has been divided into:

 

q  Knowledge-based

q  Non-Knowledge based

 

By Component the global Clinical Decision Support System Market has been divided into:

 

q  Software

q  Hardware

q  Services

 

By Application the global Clinical Decision Support System Market has been divided into:

 

q  Conventional CDSS

q  Advanced CDSS

 

By Level of Interactivity the global Clinical Decision Support System Market has been divided into:

 

q  Passive CDSS

q  Active CDSS

 

By Settings the global Clinical Decision Support System Market has been divided into:

 

q  Ambulatory Care Settings

q  In Patient

 

By Type the global Clinical Decision Support System Market has been divided into:

 

q  Diagnostic

q  Therapeutic

 

             By country/region, the global Clinical Decision Support System Market has been divided into:

 

q  North America (the U.S., Canada),

q  Latin America (Brazil, Mexico, Argentina and other countries),

q  Europe (Germany, France, the U.K., Spain,...

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