The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s clinical decision support systems market report forecasts the clinical decision support systems market size to grow to $4.22 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

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Clinical Decision Support Systems Market Size Forecast
The global clinical decision support systems market is expected to grow from $2.45 billion in 2022 to $2.75 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The clinical decision support systems market size is expected to grow to $4.22 billion in 2027 at a CAGR of 11.3%.

North America held the largest clinical decision support systems market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Clinical Decision Support Systems Market Driver ­– Increase In The Adoption Of Information Systems By Hospitals
For instance, in 2021, according to the International Data Corporation (IDC), a US-based advisory services company, healthcare IT spending in Asia is expected to reach USD 14.9 billion by 2022. Hence, an increase in the adoption of information systems by hospitals is promoting the growth of the market.

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Key Clinical Decision Support Systems Market Trend – Technological Advancement
Major companies operating in the clinical decision support systems market are focused on developing new technological solutions to strengthen their position in the market. For instance, in April 2022, Change Healthcare, a US-based healthcare technology company, launched a clinical decision support solution, InterQual, for evidence-based care. This includes interactive and restructured criteria to streamline workflow and artificial intelligence to drive proactive insights. This can predict if a patient is required to be placed under observation or whether the patient requires a short-term or long-term stay.

Clinical Decision Support Systems Market Segment
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

Clinical Decision Support Systems Market Major Players and Strategies
Major players in the clinical decision support systems market are Cerner Corporation, Epic Systems Corporation, Meditech Medical Limited, Wolters Kluwer Health Inc., Zynx Health Incorporated, Elsevier B.V., IBM Watson Health, NextGen Healthcare Inc., Siemens Healthineers AG, Allscripts Healthcare Solutions Inc., Change Healthcare, Medical Information Technology Inc., Koninklijke Philips NV, and Athena Health Care Private Limited.

In April 2021, Halma PLC., a UK-based technology company, acquired PeriGen Inc. for an amount of $58 million. With this acquisition, Halma PLC. aimed to broaden the company’s presence in patient monitoring and assessment in the US perinatal care market and further extend its analytics and artificial intelligence capabilities. PeriGen, Inc. is a US-based company that provides perinatal decision support software.

The Clinical Decision Support Systems Global Market Report 2023 covers regional data on clinical decision support systems market size, clinical decision support systems market trends and drivers, opportunities, strategies, and clinical decision support systems market competitor analysis. The countries covered in the clinical decision support systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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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