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Clinical Decision Support System Market Size, Share, Analysis and Forecast by 2030

The global clinical decision support system market is forecast to grow at a compound annual growth rate of 10.5% during the forecast period 2022-2030. The growth of this market can be attributed to the following key factors: increasing government regulation and initiatives to promote HIT solutions, and increasing acceptance of CDSS -enabled EHRs. Increasing collaborations and partnerships between stakeholders. Growing incidence of medication errors. mHealth is gaining prominence. The market’s growth is likely to be limited by high investment requirements and a lack of interoperability.

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Because of the COVID-19 crisis, healthcare providers around the world are experiencing immense pressure. In many countries, this pandemic has prompted a demand for reliable diagnosis and treatment. Clinicians have found clinical decision-support systems to be extremely useful as they allow them to monitor patients through digitally connected, noninvasive devices such as home blood pressure monitors or pulse oximeters. In addition, due to the rapid spread and severity of the disease, healthcare workers are in short supply. This has resulted in high demand for medical devices that can be connected to monitor vital signs.

There has been an increase in the number and quality of hospitals and health care facilities that use clinical decision support systems. This shows that there is potential for more deployment. Higher demand in industrialized regions for decision aid based upon factual evidence and real-time knowledge has increased faster than expected. CDSS makes it easier to enter physical orders because doctors can choose from a variety of prescriptions. Due to the increase in patients at hospitals and clinics, it is more difficult for doctors to manage their data.

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The growing aging population, as well as rising government initiatives, are key drivers that drive the growth of the clinical decision support systems market. The growing demand for clinical decision support systems will also be driven by the increasing use of integrated healthcare IT systems, improved quality care and clinical outcomes, rising rates of certain fatalities and medication errors, as well as a rising need for these systems. However, the market is constrained by lack of experience, privacy and security issues as well as high maintenance and costs.

Ermetic (a cybersecurity investigation agency) found that nearly 81% had experienced cloud security breaches in the past 18 months. A staggering 31.25% suffered data security breaches that prevented users from accessing their systems. Access to patient data via multiple departments can also pose major security risks. Hackers could use these security gaps to gain access and steal sensitive information. Numerous large hospitals still prefer to use on-premise systems over cloud-based options.

In 2021, the market was dominated by the knowledge-based CDSS sector, accounting to about 60% of market revenues. This segment is forecast to have the highest estimated CAGR of 10.2% during the forecast period 2022-2030. The knowledge-based decision supports systems create rules for patient data using inference engines and present the results. However, machine learning is required to analyze the clinical data for knowledge-based decision support systems.

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Over the next few years, the segment of integrated EHR/CDSS will evidence significant growth. The integration EHR with CDSS segment is likely to grow because of increased awareness and widespread adoption. CDS systems when integrated with EHR provide patient history, data, and CDSS. CDSS can suggest medication and provide clinical solutions, automating the clinical workflow. EHRs and CDSS can often be combined to streamline workflows, and make full use of the existing data. EHR systems now include more CDSS functions. This will allow for segment growth.

In 2021 the largest revenue share was held by services at 41%. This is due to need of timely upgrade of software and a large knowledge base. CDSS services involve the maintenance of components and accessories. It provides software and hardware upgrades as well a knowledge base that includes the novel innovations and new medications. The software segment will experience significant growth during the forecast period. When integrated with software for CPOE/EHRs, CDSS provides enhanced decision-support by generating customized and specific results tailored to each patient. In the future, market growth will be driven by innovative technologies for technical support and interoperability.

In 2021 the largest revenue share was taken by the segment of on-premise systems, which accounted for over 40.0%. Cloud-based systems had the second-highest revenue share in 2021 due to innovation in information technology with potential applications for the healthcare sector. This sector has experienced significant growth because of its reliability, cost-efficiency, and other factors. Platform as a Service – Provides a platform for software development, Infrastructure as a Service – Uses virtual technology to create a user interface and Software as a Service – The most critical aspect of a cloud provider is software installation and management.

North America leads the global market in clinical decision supporting systems by contributing to over 45.0% of the revenue share in 2021. This is due the early adoption of technology by healthcare service providers as well as rising investment from IT players in healthcare. Japan, India and China are predicted to grow at a high rate due to the aging population as well as rising numbers of chronic diseases. Additionally, these markets will evidence an increase of government funding for IT systems to support healthcare.

The market is quite competitive and the level of competition is expected to rise during the forecast period. The market is characterized by the presence most prominent participants. Key competitive strategies include product launches, product innovations and acquisitions. The global market for clinical decision-support systems (CDSS), includes some prominent players such as Cerner (US), Epic US), MEDITECH US), Wolters Kluwer Health US (Netherlands), Zynx Health US (Netherlands), Elsevier B.V. US (Netherlands), IBM Watson Health US (US), Allscripts Healthcare Solutions US (US), NextGen Healthcare US (US), Siemens Healthineers Germany (Germany).

Key Market Trends

  • The global clinical decision support system market is forecast to grow at a compound annual growth rate of 10.5% during the forecast period 2022-2030. 
  • There has been an increase in the number and quality of hospitals and health care facilities that use clinical decision support systems.
  • In 2021, the market was dominated by the knowledge-based CDSS sector, accounting to about 60% of market revenues. 
  • This segment is forecast to have the highest estimated CAGR of 10.2% during the forecast period 2022-2030. 
  • In 2021 the largest revenue share was held by services at 41%. 
  • In 2021 the largest revenue share was taken by the segment of on premise systems, which accounted for over 40.0%. 
  • North America leads the global market in clinical decision supporting systems by contributing to over 45.0% of the revenue share in 2021.
  • The market is quite competitive and the level of competition is expected to rise during the forecast period. 
  • The global market for clinical decision-support systems (CDSS), includes some prominent players such as Cerner (US), Epic US), MEDITECH US), Wolters Kluwer Health US (Netherlands), Zynx Health US (Netherlands), Elsevier B.V. US (Netherlands), IBM Watson Health US (US), Allscripts Healthcare Solutions US (US), NextGen Healthcare US (US), Siemens Healthineers Germany (Germany).

The clinical Decision Support System Market is segmented into:

ATTRIBUTEDETAILS
Research Period2020-2030
Base Year2021
Forecast Period2022-2030
Historical Year 2020
Unit USD Million
SegmentationBy Product
By Application
By Delivery Mode
By Component
By Model
By Type
By Level of Interactivity
By Settings
Region Segment (2020 – 2030; US$ Mn)
Covid-19 Impact (2020-2021; US$ Mn)

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