Published: Jan, 2019
The demand within the global market for clinical decision support system has been rising on account of the need to provide enhanced point-of-care services, finds Transparency Market Research (TMR). The vendors in the global market for clinical decision support system have made consistent efforts to improve the quality of their products. Furthermore, the leading vendors have had palpable success in signing agreements with important selling entities. Hence, it is expected that the revenue index of the leading players in the global market for clinical decision support system would significantly improve in the forthcoming years.
The medium-sized vendors in the global market for clinical decision support system are on the lookout to collaborate with larger players. This shall help the former in understanding the sensitivities of the end-users and consumers. Furthermore, the small-scale vendors in the global clinical decision support system market have also formed strategic alliances amongst themselves to aid their sustenance in the market. The bar of competition in the global market for clinical decision support system is projected to rise in the years to come as several newbie players enter the market. The weak barriers to the entry of new players in the global clinical decision support system market are expected to impact the competitive landscape of the market.
A report by Transparency Market Research (TMR) predicts that the global market for clinical decision support system would expand at a stellar CAGR of 11% over the period between 2017 and 2025. The cumulative value of the global clinical decision support system market was US$ 523.8 Mn in 2016, and is expected to scale to US$ 1,318.4 Mn by 2025. On the basis of geography, the demand for clinical decision support system in North America has been the highest amongst all other regional segments. On the basis of application, diagnosis decision support has been the most popular application of clinical decision support system.
Need for Drug Data Base to Propel Market Demand
The demand within the global market for clinical decision support system is projected to increase at a robust rate in the years to come. One of the most riveting factors that have aided market growth is the need for bioinformatic and cheminformatic resources across the healthcare sector. The growing relevance of drugs databases has also played a major role in the growth of the global market for clinical decision support system. The use of clinical decision support systems in treatment planning, patient scheduling, clinical charting, and insurance claims has also played a major role in the growth of the global market.
Weak Reimbursement Policies could Hamper Market Growth
Despite the relevance of clinical decision support system in the healthcare industry, the demand is restrained by the weak reimbursement policies for healthcare across several regions. However, the sluggish growth rate of the market is projected to be compensated by the widespread demand for clinical charting and business analytical solutions in healthcare. Moreover, clinical decision support systems have hugely helped healthcare centers and hospitals in synchronising their operations. Moreover, the workflow across hospitals can also be streamlined with the help of clinical decision support systems.
The report is based on TMR’s review based “Clinical Decision Support System Market (System - Knowledge based Systems, Expert Laboratory Information System, Machine Learning Systems; Mode of Advice - Passive CDSS, Active CDSS; Application - Drug Databases, Care Plans, Diagnostic Decision Support, Disease Reference; Delivery Model - On premise, Web Based, Cloud Based; End Use - Hospitals, Diagnostic Centers, Clinics, Retail Pharmacy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.
The global market for clinical decision support system is segmented as:
Based on System
- Knowledge based Systems
- Expert Laboratory Information System
- Machine Learning Systems
Based on Mode of Advice
- Passive CDSS
- Active CDSS
Based on Application
- Drug Databases
- Care Plans
- Diagnostic Decision Support
- Disease Reference
Based on Delivery Model
- On premise
- Web Based
- Cloud Based
Based on End Use
- Diagnostic Centers
- Retail Pharmacy
Based on Based on Region
- North America
- Latin America
- The Middle East and Africa
- Asia Pacific
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