What Has Been the Growth Trajectory for the Clinical Decision Support Systems Market in Recent Years?
The clinical decision support systems market has seen considerable growth due to a variety of factors.
• In recent times, the market size of clinical decision support systems has seen a swift expansion. The market value is predicted to rise from $3.14 billion in 2024 to $3.52 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.0%.
Factors contributing to this historic growth include the surge in healthcare data, improvements in medical knowledge, issues regarding patient safety, pressures around healthcare costs, and the growing need for evidence-based medicine.
What Does Future Hold for The Clinical Decision Support Systems Market Size?
The clinical decision support systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for the clinical decision support systems sector is predicted to experience a swift expansion in the coming years. The market is set to reach $5.75 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%.
This growth during the forecast period can be credited to various factors such as accuracy in medical initiatives, value-based care models, instant decision support, health management for large groups of people, cooperative initiatives, and concerns related to cyber security. Noteworthy trends in the forecast period encompass mobile and cloud-based cuss solutions, the optimization of the clinical workflow, patient-centered cuss applications, instantaneous analytics for thorough clinical insights, and a collaborative approach with telehealth services.
What Are the Critical Driver Fuelling the Clinical Decision Support Systems Market's Growth?
The growth of the clinical decision support systems market is predicted to be fueled by a rise in the use of information systems by hospitals. Information systems, which involve hardware and software used for data collection, storage, and processing, are increasingly utilized by healthcare facilities to streamline operations and facilitate the flow of clinical data. As an illustration, a survey conducted by Rock Health, a corporation based in the UK, in February 2023 revealed that 80% of participants affirmatively responded to having used telemedicine at least once, reflecting an 8-percentage point increase from 72% in the previous year. Despite the consistent use of live video telemedicine in 2022, there was only a modest 1 percentage point increase compared to 2021. Consequently, the growing reliance on information systems by hospitals is contributing to the expansion of the clinical decision support systems market.
What Is The Segmentation Of The Global Clinical Decision Support Systems Market?
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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What Emerging Trends Are Shaping The Clinical Decision Support Systems Market?
Technological innovation has become the dominant trend in the clinical decision support systems market, with numerous leading companies looking to create new technological solutions to solidify their market positions. Take for example Change Healthcare, a healthcare technology firm based in the US, which in April 2022 unveiled an evidence-based care clinical decision support solution called InterQual. This solution, equipped with interactive and redesigned criteria to enhance workflow alongside artificial intelligence capabilities, provides dynamic insights and can predict whether a patient needs observation or requires a short or lengthy hospital stay.
Who Are the Key Players in 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 are the Regional Insights into 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.
