Clinical Decision Support Systems Market Size, Share & Trends Analysis Report By Product (Standalone CDSS, Integrated EHR with CDSS), By Application, By Delivery Mode, By Component, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the clinical decision support systems market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for clinical decision support systems market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of clinical decision support systems market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Clinical Decision Support Systems Market Categorization:

The clinical decision support systems market was categorized into four segments, namely product (Standalone CDSS, Integrated CPOE with CDSS, Integrated EHR with CDSS, Integrated CDSS with CPOE & EHR), application (Drug-drug interactions, Drug allergy alerts, Clinical reminders, Clinical guidelines, Drug dosing support), delivery mode (Web-based Systems, Cloud-based Systems, On -premise Systems), component (Hardware, Software, Services), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The clinical decision support systems market was segmented into product, protocols, application, delivery mode, component and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The clinical decision support systems market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; Germany; the UK.; France; Italy; Spain; Denmark: Sweden; Norway; Japan; India; China; Australia; South Korea; Thailand; Brazil; Mexico; Argentina, South Africa; Saudi Arabia; UAE; and Kuwait

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Clinical decision support systems market companies & financials:

The clinical decision support systems market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• MCKESSON CORPORATION - McKesson Corporation is a publicly operated multinational organization that ranks in the top 10 of Fortune 500. It is active in healthcare products and services industry and is a market leader in many specialties. The company has diverse products and services offerings, such as healthcare IT, pharmaceutical distribution, supply chain management, medical supplies, pharmacy management & technology, and practice management. Its customer pool is divided into three major categories: retail national accounts (mail-order pharmacies and mass merchandisers), independent chain retail pharmacies, and institutional healthcare providers (hospitals & healthcare systems).

   

• CERNER CORPORATION - Cerner Corporation is a publicly operated multinational organization providing health information technology products and services. The company serves a wide range of customers from patients and physicians to hospitals & organizations. Cerner offers end-to-end solutions, including subscriptions, software, technology resale, support, and maintenance. These service offerings are spread over multiple categories, including open and interoperable, clinical, population health, revenue cycle, and services & technology. This diverse portfolio was designed to help users make informed decisions while supporting clinical, financial, or operational workflows.

   

• SIEMENS HEALTHCARE GMBH - Siemens Healthineers GmbH is a technology corporation that offers diagnostic and therapeutic products & services. The company allows healthcare providers globally to improve value by helping improve their care delivery & patient experience, as well as enable precision medicine & digitalized healthcare. The company is continuously modernizing its portfolio of products and services in its core areas of therapeutic imaging, diagnostic, laboratory diagnostics, & molecular medicine. The firm also actively develops its digital health services and enterprise services.

   

• ALLSCRIPTS HEALTHCARE, LLC - Allscripts Healthcare, LLC is a publicly operated multinational organization involved in health information technology solutions and services. The company helps healthcare organizations achieve financial, operational, and clinical results. It serves clients globally and its clientele includes lab companies, physicians, governments, hospitals, insurance companies, health systems, and retail clinics. The company’s diverse portfolio includes Electronic Health Records (EHR), population health management, financial management, and precision medicine solutions. The company operates mainly in North America, with offices across the globe.

   

• ATHENAHEALTH, INC. - athenahealth, Inc. is a privately held healthcare technology company. It associates with medical organizations across the U.S. to drive clinical and economic results. The company focuses on creating solutions that deliver accessible, high-quality, and sustainable healthcare for all. These include medical records, revenue cycle management, patient engagement, and care coordination service offerings.

   

• NEXTGEN HEALTHCARE, INC. - NextGen Healthcare, Inc. is a healthcare IT organization that offers software, services, and technology for healthcare systems. The company has proprietary software, NextGen3, which is an internetbased operating system for managing appointments and patient data to improve the overall experience of patients. The company also offers analytics, revenue cycle management, mobile solutions, electronic health records, and postmarketing services such as training & consulting services. In 2018, Quality System, Inc. was renamed NextGen Healthcare, Inc.

   

• KONINKLIJKE PHILIPS N.V. - oninklijke Philips N.V. (Royal Philips) is the parent company of Philips Group, which handles all its healthcare technology businesses. Being the healthcare arm of its parent company, Philips Group is divided into 4 reportable business segments: Diagnosis & Treatment, Connected Care, Personal Health, and Other. The company is a global leader in improving people’s health through its wide portfolio of diagnostic, treatment, and home care products & services. The company has a vast global presence and a diverse workforce spread across many countries. The company focuses on enhancing the healthcare continuum by delivering innovative and integrated solutions.

   

• IBM CORPORATION - IBM Corporation is involved in designing, manufacturing, and marketing software solutions, hardware, hosting, & consultancy services. The company is operational in more than 170 economies. It serves consumers from varied industries, such as automotive, life sciences, chemical & petroleum, banking, retail, and communication. Life science services provided by the company include R&D, supply chain, process, and regulatory compliance. The company also offers healthcare database services.

   

• AGFA-GEVAERT GROUP - The Agfa-Gevaert Group develops, manufactures, and distributes a wide variety of IT solutions and imaging systems, primarily for the healthcare sector & printing industry, in addition to precise industrial applications. Its operational activities are distributed in four divisions: Digital Print & Chemicals, Offset Solutions, HealthCare IT, and Radiology Solutions. Agfa HealthCare provides cloud-enabled solutions to its customer base. The company’s largest production and research centers are situated in Belgium, the U.S., Germany, China, Canada, Austria, and Brazil. The company is commercially active globally through wholly owned sales organizations in more than 40 nations.

   

• WOLTERS KLUWER N.V. - Wolters Kluwer N.V. is a worldwide leader in software solutions, professional information, and services for tax & accounting, risk & compliance, health, governance, and legal & regulatory sectors. The group serves customers in over 180 nations, maintains operations in over 40 countries.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Clinical Decision Support Systems Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Clinical Decision Support Systems Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.