Unlocking Opportunities in the Clinical Decision Support Systems Market: Key Growth Trends and Forecast Insights
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What is the Growth Potential of the Clinical Decision Support Systems Market, and How Will It Perform by 2034?
The market size of clinical decision support systems has seen a fast-paced growth in the recent past. The market is projected to rise from $3.14 billion in 2024 to $3.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.0%. The growth during the historic period can be ascribed to factors such as heightened healthcare data, progress in medical knowledge, concerns about patient safety, pressure on healthcare costs, as well as the rising demand for evidence-based medicine.
Expectations are high for swift expansion in the clinical decision support systems market in the coming years, with projected growth set to reach $5.75 billion in 2029 at a CAGR of 13.1%. Factors contributing to the predicted growth throughout the forecasted timeline include precision medicine initiatives, models of value-based care, on-the-spot decision assistance, management of population health, cybersecurity concerns, and interoperability initiatives. The forecast period is also expected to see significant trends like mobile and cloud-based cuss solutions, optimization of clinical workflows, patient-centered cuss applications, real-time analytics for clinical insights, and partnerships with telehealth services.
What Key Drivers Are Accelerating the Growth of the clinical decision support systems Market During the Forecast Period?
The clinical decision support systems market is expected to flourish due to the increased utilization of information systems by hospitals. Information systems include both software and hardware that are needed to collect, store, and analyze data. There is an increased push amongst healthcare centers to adopt these systems to ensure efficient operations and unhindered clinical data flow. For example, in a 2022 survey by Rock Health, a corporation based in the UK, it was discovered that in February 2023, 80% of the respondents acknowledged the use of telemedicine at least once, marking an increase from the 72% reported in 2021. However, the usage of live video telemedicine showed a barely noticeable growth of one percentage point from 2021 to 2022. Thus, the escalated adoption of information systems by hospitals is contributing to the expansion of the clinical decision support systems market.
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Who Are the Major Companies Shaping the Competitive Landscape of the Clinical Decision Support Systems Market?
Major companies operating in the clinical decision support systems market include:
• McKesson Corporation_x000D_
• Siemens Healthineers AG_x000D_
• Koninklijke Philips N.V._x000D_
• GE Healthcare_x000D_
• Hera-MI LLC_x000D_
What Are the Key Emerging Trends in the Clinical Decision Support Systems Market for the Next Decade?
The prevalence of technological advancements has become a major trend in the clinical decision support systems market. Many of the leading companies in this market are focussing on innovating new tech-based solutions to solidify their market standing. For instance, in April 2022, Change Healthcare, a healthcare technology company located in the US, unveiled its clinical decision support solution, named InterQual, aimed at evidence-based care. This solution offers interactive and revamped criteria that simplifies workflow, as well as artificial intelligence that triggers proactive insights. These features can help to predict whether a patient requires observation, or needs a shorter or longer hospital stay.
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What Are the Key Components of the Clinical Decision Support Systems Market, and How Do Its Segments Perform?
The clinical decision support systems market covered in this report is segmented –
1) By Component: Services, Software, Hardware
2) By Model: Knowledge-Based CDSS, Non-Knowledge CDSS
3) By Delivery Mode: On Premise, Cloud Based
4) By Application: Medical Diagnosis, Alerts And Reminders, Prescription Decision Support, Information Retrieval, Other Applications
5) By End-User: Clinics, Hospitals, Ambulatory Surgical Centers, Others End Users
Subsegments:
1) By Services: Implementation Services, Maintenance And Support Services, Consulting Services
2) By Software: Standalone Software Solutions, Integrated Software Solutions, Cloud-based Software
3) By Hardware: Servers, Workstations, Mobile Devices And Peripherals
Which Regions Are Making a Mark in the Clinical Decision Support Systems Market Growth?
North America was the largest region in the clinical decision support systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical decision support systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Clinical Decision Support Systems Market Categorized and Defined in the Industry?
Clinical decision support systems (CDSS) are computer-based programs that analyze data within electronic health records (EHRs) to provide health care providers with reminders to assist them at the point of care to implement evidence-based clinical guidelines.
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