MarketsandMarkets™ INC. has added a new report titled, ‘Clinical Decision Support Systems (CDSS) Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2022 - 2027’ to its vast repository of research reports. This report provides a detailed analysis of the product types used for medical implants and regeneration. The global Clinical Decision Support Systems (CDSS) market was estimated at USD 1.5 Billion in 2022 and is projected to reach USD 2.2 billion by 2027, expanding at a CAGR of 7.9% by the end of the forecast period. The report also describes the market dynamics, including growth drivers, restraints, challenges, threats, and potential growth opportunities in the global market and its sub-markets.
The report also discusses the SWOT analysis, Porter’s five forces analysis, as well as the supply and distribution chain analysis in detail for a thorough understanding of the market. The regulations and guidelines for quality management and manufacturing practices of medical devices with regards to its usage in the healthcare industry have also been mentioned in this research study. The report also includes the company profiles of the leading competitors, detailing their business operations, global presence, key developments, and revenue and strategy analysis. In addition, the market share analysis of the leading competitors along with their product portfolio has also been studied in this report.
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On the other hand, the report provides a thorough analysis of the regional scope of the industry, detailing the qualitative and quantitative insights along with the coverage of major countries in the regions. The analysis provides key insights into the current trends of the industry in the key regions and countries, identifying the government & private investments, regulatory scenario, and the demographic & economic impact. According to the report, North America holds the largest share of the market, followed by Europe and the Asia Pacific. The Asia-Pacific region represents the fastest-growing market for the Clinical Decision Support Systems (CDSS) market, owing to the rising medical tourism, government initiatives to create eHealth platforms, increasing healthcare expenditure, and growth in the overall healthcare industry.
Companies covered:
Cerner Corporation (US), Change Healthcare (US), Epic Systems (US), MEDITECH (US), Philips Healthcare (Netherlands), Wolters Kluwer N.V. (Netherlands), Zynx Health (US), Elsevier B.V. (UK), IBM Watson Health (US), Allscripts Healthcare LLC (US), athenahealth (US), NextGen Healthcare (US), Siemens Healthineers (US), EBSCO Health (US), GE Healthcare (US), eClinicalWorks (US), RAMPMedical (Germany), The Medical Algorithms Company Limited (UK), Hera-MI (France), CureMD Healthcare (US), CareCloud, Inc (US), Visual DX (US), Stanson Health (US), First Databank, Inc (US), and Strata Decision Technology (US). and Among others
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The study categorizes the clinical decision support systems market into the following segments and subsegments:
By Product
· Integrated CDSS
· Standalone CDSS
By Delivery Mode
· On Premise
· Cloud based
By Model
· Knowledge based
· Non-Knowledge based
By Type
· Therapeutic
· Diagnostic
By Component
· Services
· Software
· Hardware
By Application
· Advanced CDSS
· Conventional CDSS
By Level of Interactivity
· Active CDSS
· Passive CDSS
By Settings
· In Patient
· Ambulatory care settings
Some of the key geographies mentioned in this report include:
· North America (U.S and Canada and rest of North America)
· Europe (Germany, France, Italy and Rest of Europe)
· Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
· LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
Key questions answered in the report
· What will be the market size and growth rate by the end of the forecast period?
· How will the penetration of IT solutions in the hospitals impact the global Clinical Decision Support Systems (CDSS) market? What impact will it have on the other end-users?
· Which are the high growth market segments in terms of product type, medical devices, component, deployment mode, end-user, and geographies?
· What is the forecast growth rates for the market and for each segment within it?
· Which segments of the market are expected to offer lucrative revenue growth? Why?
· What are the major factors responsible for the growth of the market?
· How will the penetration of IT solutions impact the growth of the market?
· Which region is expected to grow at the fastest rate during the forecast period?
· Who are the leading players in this market and what approaches do they employ to gain market shares?
· Who are the leading competitors operating in the regional market? What are their strengths and weaknesses?
· What are the market opportunities and threats faced by the players in the global market?
· What are the different strategies adopted by them in order to expand their market presence?
· What are the major drivers, restraints, opportunities, threats, and challenges in the market?
· What are the trending factors influencing the market shares of APAC, Europe, North America, and LAMEA?
· What are the key outcomes of the SWOT analysis and Porter’s five forces analysis of the market?
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MarketsandMarkets™ INC.
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Importance of Data-driven Technologies Expected to Propel the Growth of the Clinical Decision Support System MarketClinical decision support system, aka CDSS, is a highly important component in the healthcare IT spectrum.
Over the years, with advancing technologies, the technology is gaining more and more traction across healthcare systems around the globe.
The flexible functionalities of such systems are playing a huge role in accelerating the popularity of the market.It is reported that in 2017, the market valuation of CDSS stood at USD 890 million and that figure is anticipated to be doubled by the end of the forecast period in 2023.Get Free Sample at https://www.marketresearchfuture.com/sample_request/6038Competitive LandscapeSome of the key players in the global clinical decision support system are Meditech, Cerner Corporation, Carestream, Elsevier B.V., Wolters Kluwer Health, Agfa-Gevaert Group, Athenahealth, Inc, Epic Systems Corporation, Allscripts, Hearst health and others.Market SegmentationThe global clinical decision support systems market is segmented in the following basis: by model, product, delivery mode, mode of advice, type, settings, and applications.By product, the market divides into Integrated CDSS and Standalone CDSS.
Herein, Integrated CDSS segment holds a majority of the market share and is projected to increase in the near future as well.By model, the market includes knowledge-based CDSS and Non-Knowledge-based CDSS.
Due to the high number of advantages it provides as compared non-knowledge-based CDSS, the knowledge-based CDSS segment holds a majority of the market portion.By delivery mode, the market includes cloud-based and in-premise systems.
The cloud-based segment holds a majority of the market share and is expected to garner a striking CAGR over the course of the review period.By mode of advice, the market divides into active CDSS and passive CDSS.
Clinical Decision Support Systems (CDSS) Market Component (Software, Services, Hardware), Product (Integrated CDSS, Standalone CDSS), Model (Knowledge-Based CDSS, Non-Knowledge-Based CDSS), Delivery Mode (On-Premise CDSS, Cloud-Based CDSS), Mode of Advice (Active CDSS, Passive CDSS), Setting (Inpatient Settings, Ambulatory Care Settings), Type (Therapeutic Clinical Decision Support Systems, Diagnostic Clinical Decision Support Systems) and Application (Advanced Clinical Decision Support Systems, Conventional Clinical Decision Support Systems) – Global Forecast till 2027The global clinical decision support systems (CDSS) market, during the forecast period 2018 to 2023, will register growth at a CAGR of 12%.
The market for clinical decision support systems (CDSS) is set to reach US$1.76 billion by 2023.
However, the market will face challenges and restraints due to risk of data privacy and the upload of data leading to vulnerabilities during the forecast period 2018 to 2023.Growing demand for data-driven technologies in the market is set to play a key role in determining the growth potential during 2018 to 2023 years.
The component, product, model, delivery mode, type, mode of advice, application segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market-based decision makers as well as primary and secondary sources.
Additionally, market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others.
The market report covers all such regions including the Middle East, Africa, Brazil, and others.Competitive LandscapeClinical decision support systems (CDSS) have seen increased demand over the years, due to the advent of electronic health records and integration of the clinical decision support system.
Global Clinical Decision Support Systems Market is expected to reach USD 791.25 million by 2024.
The Clinical Decision Support System (CDSS) Market is estimated to grow at a significant CAGR of 6.7% over the future period as the scope and its applications are rising enormously across the globe.The increasing government initiatives, growing aging population, acceptance of HCIT solutions in healthcare, and growing number of people suffering from chronic diseases are documented as major factors of clinical decision support systems industry that are estimated to enhance the growth in the years to come.
However, saturated end-user market and lack of skilled personnel are the factors that may restrain overall market growth in the forecast period.
Clinical Decision Support System industry is segmented based on types, product types, delivery mode, components, user inactivity, application, and region.Diagnostics CDSS and Standalone CDSS are the types that could be explored in Clinical Decision Support System in the years to come.
This may be because of, acceptance of computerized prescription patterns in developed regions.The market is categorized based on delivery mode like On-Premises Delivery, Web Delivery, Cloud Delivery, and others.
Also, cloud-based delivery segment is estimated to grow at highest CAGR in the upcoming years.The software sector is at topmost position due to the need for intervallic software upgradation.
