Unlocking the Future of the Clinical Decision Support Systems Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the clinical decision support systems market grown in recent years?
There has been a significant increase in the size of the clinical decision support systems market in the past few years. The market size is predicted to expand from $3.14 billion in 2024 to $3.52 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%. The development observed in the historic period is a result of factors like amplified healthcare data, developments in medical understanding, patient safety issues, pressure on healthcare costs, and a rise in demand for evidence-oriented medicine.
How is the clinical decision support systems market size expected to evolve during the forecast period?
The market for technology advisory is predicted to experience robust expansion in the forthcoming years, reaching a value of $205.22 billion in 2029 with a compound annual growth rate (CAGR) of 5.2%. The growth drivers during this forecast period include factors like cloud computing adoption, AI and machine learning integration, sustainability effort and eco-friendly IT, e-commerce strategies, and digital marketing. The market is also expected to benefit from a focus on resilience planning and business continuity. Key trends for this period will include sustainable technology practices, Green IT consulting, development of digital transformation roadmaps, strategic planning, guidance for 5G implementation, advisory for biometric and facial recognition technology, and advisory related to collaboration tools and remote work technology.
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Which key drivers are propelling the clinical decision support systems market’s growth?
The surge in hospitals’ use of information systems is predicted to fuel the progression of the clinical decision support systems market. Information systems, comprising of hardware and software systems to gather, store and analyse data, are being implemented by healthcare facilities to ensure smooth operations and effortless flow of clinical data. For example, a report from a UK-based firm, Rock Health, in February 2023 showed that in a 2022 questionnaire, 80% of the participants claimed to have used telemedicine at least once in their lifetime, presenting an 8-percentage point rise from 72% in 2021. Concurrently, the usage of live video telemedicine in 2022 stayed consistent, noting only a slight increase of 1 percentage point compared to 2021. Therefore, the escalating hospital adoption rate of information systems is facilitating the growth of the clinical decision support systems market.
What are the market segments in the clinical decision support systems industry?
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
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Which leading companies are shaping the growth of the clinical decision support systems market?
Major companies operating in the clinical decision support systems market include McKesson Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Hera-MI LLC, Cerner Corporation, Epic Systems Corporation, Elsevier B.V., Change Healthcare Corporation, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Wolters Kluwer Health, Premier Inc., eClinicalWorks Inc., Veradigm Inc., NextGen Healthcare Inc., Medical Information Technology Inc., Meditech Systems Network Inc., Health Catalyst, CareCloud Inc., CureMD Inc., Strata Decision Technology, Zynx Health, First Databank Inc., Clinical Architecture Inc., VisualDx Group Inc., Apervita Inc., IBM Watson Health, The Medical Algorithms Company LP, RAMPmedical Inc.
What key trends are currently impacting the clinical decision support systems market’s development?
The rise in technological advancements is a leading trend observed in the clinical decision support systems market. The primary focus of the dominant firms in this market is to innovate new technological solutions to consolidate their market standing. For instance, a healthcare technology company based in the US, Change Healthcare, unveiled a new clinical decision support solution called InterQual in April 2022. The solution encompasses interactive and revamped criteria to simplify workflow management, and employs artificial intelligence to offer proactive insights. This tool can anticipate whether a patient needs to be kept under observation or requires a short-term or long-term stay.
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Which geographic areas are influencing the growth of the clinical decision support systems market?
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.
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