The global clinical decision support systems (CDSS) market size was valued at USD 471.96 million in 2016. Rising demand for quality care and integrated reliable technical solutions is one of the key trends escalating market growth. Increasing adoption of information systems by hospitals and healthcare institutes and favorable initiatives taken by several governments worldwide are also stimulating the growth of the market.
Clinical decision support systems (CDSS) are strictly regulated by authorities such as the FDA. Therefore, platforms introduced or in developmental phases are expected to fulfill relevant criteria set by FDA & CE Mark. In addition, competitors have to take into account non-violation of information technology and cyber laws to assure products’ integrity.
Rapid advancements in the fields of biotechnology and bioinformatics are encouraging improvements and optimizations in data storage, management, and analytics platforms. The marketplace is anticipated to witness a large number of innovations following R&D projects backed up by large corporate investments. Integration of cloud computing and interoperability platforms in different systems will further promote smooth functioning and seamless dataflow, thereby revving up the adoption of CDSS.
Significant increase in the number of hospitals and healthcare facilities adopting various forms and levels of clinical decision support systems in recent times provides a significant potential for increased near-future implementation. Demand for decision support based on factual evidence and real-time knowledge has grown faster in developed regions. CDSS simplifies physical order entry by allowing physicians to make choice of prescription from its database. Rising number of patients visiting clinics and hospitals has increased the challenges to maintain and manage data for every patient.
Growing focus on quality care and precision medicine in these regions is also projected to fuel revenue generation. Clinical and drug related data stored on cloud can be accessed only by authorized users. Integration with Electronic Health Record (EHR) improves the efficiency of clinical care by reducing the time to search for patient’s history and clinical records.
Over the past few years, emergence of collaborations among CDSS providers and hospitals has witnessed a significant increase. Companies are involved in partnerships to develop and provide software updated with latest information. Government recognition and initiatives to encourage adoption of CDSS and EHR systems are estimated to further increase demand.
CDSS products are available either in standalone or in integration with EHR or CPOE or both. Standalone CDSS is widely adopted due to low cost and simplicity. Ease to use in hospitals and clinical settings has contributed to its highest share. The standalone segment will continue to dominate the market throughout the forecast horizon.
Increasing awareness and adoption of EHR by multi-specialty health care units is poised to influence share of CDSS integrated with EHR. However, clinical decision support systems integrated with CPOE is likely to witness the fastest growth during the forecast period. This can be attributed to adoption of computerized prescription patterns in developed regions.
CDSS provides results that predict drug interaction and patient’s response to being administered a particular dosage. It, thus, helps practitioner to make an appropriate decision for treatment. The system, when entered with patient’s history and medical records, provides a list of options for the further course of medication and helps practitioners.
It provides a list of possible drug allergies for a particular drug or a combination of drugs being prescribed. Furthermore, it gives a list of possible drug-drug interactions that alert about possible reactions for the combination of drugs being prescribed, thereby preventing side effects or adverse drug reactions.
CDSS offers clinical reminders to patients for their appointments and medications. In addition, it has clinical guidelines stored in it, which provides decision-making support for drug dosage and medication.
Drug allergy alerts dominated the market in 2016. However, with rising number of drug combinations, drug dosing support is expected to witness the fastest growth over the forecast period.
Only authorized users can access CDSS over the cloud, on web, or on hospital/clinic premise. On-premise delivery systems are widely adopted due to privacy and information safety issues. These systems will be the leading revenue contributor in the global arena throughout the forecast period.
Medical data available has increased by many folds with constant rise in number of innovations. FDA approvals for novel combinations of treatment of complicated health conditions such as cancer and neurodegeneration have increased in last few years. Storage and handling of data on such a large scale become difficult for individual systems. Thus, cloud delivery is projected to witness boost in demand.
Key components of CDSS are software, hardware, and services by providers of the system. The hardware includes computer and other electronic gadgets used to run the software; the software component performs data analysis and provides decision support to organization; and the services involve maintenance, upgrading, and troubleshooting for both the hardware as well as the software by the provider.
CDSS services are poised to witness lucrative growth during the forecast period. This is due to timely upgradation of software as well as knowledge base available for use. High cost is associated with premium access to the latest and accurate data, which is likely to influence revenue generation for the segment positively.
North America dominated the CDSS market in 2016. Surging demand for healthcare information technology solutions in the medical sector is expected to propel the regional market. Rapid technological advancements and growing emphasis on quality healthcare services are contributing to the growth of the region.
Asia Pacific, on the other handed, is anticipated to be the fastest growing region, owing to increasing investments in the healthcare sector in countries such as Australia, China, India, and Singapore. The CAGR for this market is estimated to be about 8.0% during the forecast period.
Some of the companies operating in the market are Agfa Healthcare; McKesson Corporation; NextGen Healthcare Information Systems; Medical Information Technology Inc.; Carestream Health Inc.; AthenaHealth; Philips Healthcare; Wolters Kluwer NU; Cerner Corporation; and Siemens Healthineers. Market players are entering into licensing deals with leading hospitals and healthcare groups to expand their consumer base. For instance, Assistance Publique - Hopitaux de Paris (AP-HP) extended its seven-year contract for another four years. This contract involved the deployment of ORBIS modules at all the hospitals of AP-HP.
In March 2016, Lawrence Memorial Healthcare of New London signed a contract with Carestream for its clinical collaboration platform. Similarly, Philips Healthcare signed an agreement of collaboration with Valdic in February 2016. Increasing number of these collaborations is projected to propel the market.
Report Attribute |
Details |
Market size value in 2020 |
USD 631.31 million |
Revenue forecast in 2024 |
USD 791.25 million |
Growth Rate |
CAGR of 6.7% from 2017 to 2024 |
Base year for estimation |
2016 |
Historical data |
2013 - 2016 |
Forecast period |
2017 - 2024 |
Quantitative units |
Revenue in USD million and CAGR from 2017 to 2024 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, delivery mode, component, region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; Japan; China; Brazil; South Africa |
Key companies profiled |
Agfa Healthcare; McKesson Corporation; NextGen Healthcare Information Systems; Medical Information Technology Inc.; Carestream Health Inc.; AthenaHealth; Philips Healthcare; Wolters Kluwer NU; Cerner Corporation; Siemens Healthineers |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at regional & country level and provides an analysis of industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this report, Grand View Research has segmented the global clinical decision support systems (CDSS) market report on the basis of product, application, delivery mode, component, and region:
Product Outlook (Revenue, USD Million, 2013 - 2024)
Standalone CDSS
Integrated CPOE with CDSS
Integrated E.H.R. with CDSS
Integrated CDSS with CPOE & E.H.R.
Application Outlook (Revenue, USD Million, 2013 - 2024)
Drug-drug interactions
Drug allergy alerts
Clinical reminders
Clinical guidelines
Drug dosing support
Others
Delivery Mode Outlook (Revenue, USD Million, 2013 - 2024)
Web Delivery
Cloud Delivery
On Premises Delivery
Component Outlook (Revenue, USD Million, 2013 - 2024)
Hardware
Software
Services
Regional Outlook (Revenue, USD Million, 2013 - 2024)
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
Japan
China
Latin America
Brazil
Middle East and Africa (MEA)
South Africa
b. The global clinical decision support systems market size was estimated at USD 591.44 million in 2019 and is expected to reach USD 631.31 million in 2020.
b. The global clinical decision support systems market is expected to grow at a compound annual growth rate of 6.4% from 2019 to 2024 to reach USD 790.78 million by 2024.
b. North America dominated the clinical decision support systems market with a share of 49.29% in 2019. This is attributable to rapid technological advancements, growing emphasis on quality healthcare services and surging demand for healthcare information technology solutions in the medical sector.
b. Some key players operating in the clinical decision support systems market include Agfa Healthcare; McKesson Corporation; NextGen Healthcare Information Systems; Medical Information Technology Inc.; Carestream Health Inc.; AthenaHealth; Philips Healthcare; Wolters Kluwer NU; Cerner Corporation; and Siemens Healthineers.
b. Key factors that are driving the clinical decision support systems market growth include rising demand for quality care and integrated reliable technical solutions. Increasing adoption of information systems by hospitals and healthcare institutes and favorable initiatives taken by several governments worldwide are also stimulating the growth of the market.
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