Infinium Global Research

Global Clinical Decision Support System Market 2018 Industry Demand, Segment, Statistics Report 2024

Clinical Decision Support System Market (System - Knowledge-based Systems, Expert Laboratory Information System, and Machine Learning Systems; Mode of Advice - Passive CDSS and Active CDSS; Application - Drug Databases, Care Plans, Diagnostic Decision Support, Disease Reference, and Others; Delivery Model - On-premise, Web Based and Cloud Based; End Use - Hospitals, Diagnostic Centers, Clinics, Retail Pharmacy, and Others): Global Industry Analysis, Trends, Market Size and Forecasts to 2024. According to the report the global clinical decision support system market is projected to grow at a CAGR of 11.2% over the forecast period of 2018-2024.

 

Pune, India -- (SBWIRE) -- 04/30/2019 -- Infinium Global Research has produced a new premium report Clinical Decision Support System Market. The report covers the analysis of global as well as regional markets of clinical decision support system. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of clinical decision support system market by system (knowledge-based systems, expert laboratory information system and machine learning systems), mode of advice (passive CDSS and active CDSS), application, delivery model and end use (drug databases, care plans, diagnostic decision support, disease reference and others) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the clinical decision support system market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the global clinical decision support system market are Allscripts Healthcare Solutions, Inc., First Databank, Inc., Truven Health Analytics, Cerner, Philips Healthcare, Siemens Healthcare, Optum, Inc. (UnitedHealth Group), GE Healthcare and Epic Systems Corporation Inc.

Technological Innovation Adopted by Key Players Accelerate the Growth of Clinical Decision Support System Market

The major factor such as technological advancement in software integration facilities with other electronic medical record system is expected to fuelling the growth of the clinical decision support system market. In addition, growing the primary healthcare support across the world, growing need of integrated healthcare IT system and rising government funding for the healthcare IT system is also the driving the growth of global clinical decision support market. However, Lack of Interoperability, High maintenance and service expenses hinders the growth of the global clinical decision support market. Emergences of cloud computing and substantial growth in the number of hospital and healthcare facilities adopting several forms of the clinical decision support system in recent time are some of the factors that provides significant growth opportunities for clinical decision support system market in near future. Moreover, the increasing government initiative, to reform the healthcare sector may boost the opportunities for the market in upcoming years.

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North America to expand the CAGR of 11.2%

North America dominates the growth in clinical decision support system market followed by Europe. Omkar Harne a research analyst at Infinium Global Research quoted that North America is the leading region in the clinical decision support system market owing to increasing investment from healthcare IT players and early adoption by healthcare service providers. Omkar Harne further stated that the Asia Pacific is the fastest growing region owing to the growing number of chronic diseases and rapidly increasing population. Going forward, China, Japan, and India holds huge potential for the growth of the market.

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Allscripts Healthcare Solutions Inc. was acquired by Misys Healthcare Systems, Inc., in a reverse merger transaction

In July 2018, Allscripts Healthcare Solutions, Inc. provides clinical software, connectivity, and information solutions. It provides clinical software solutions, including electronic health record (EHR), electronic prescribing, practice management, emergency department information system (EDIS), hospital care management, and document imaging solutions.

Philips completes acquisition of The Spectranetics Corporation

In August 2017, Royal Philips a global leader in health technology, today announced that it has completed the acquisition of The Spectranetics Corporation. The acquisition is expected to increase revenue growth of the company. The completion of this acquisition will accelerate the realization of Philips company strategic expansion into therapy devices.

Siemens Healthineers announces the acquisition of Fast Track Diagnostics

In Dec 2017, Siemens Healthineers has signed an agreement to acquire Luxembourg-based Fast Track Diagnostics (FTD), a global supplier of molecular diagnostic tests.
The leading key players in the clinical decision support market are Allscripts Healthcare Solutions, Inc. First Databank, Inc., Truven Health Analytics, Cerner, Philips Healthcare, Siemens Healthcare, Optum, Inc. (UnitedHealth Group), GE Healthcare, Epic Systems Corporation Inc.