Absolute Markets Insights offers its latest published report, Healthcare Decision Support System Market by Offering (Hardware, Software, Services {Training and Education Services, Consulting Services, Ongoing IT Support and Implementation Services, Post-Sale and Maintenance Services}), by Product Type (Standalone HDSS Solution, Integrated HDSS Solution {HDSS and Computerized Physician Order Entry (CPOE), HDSS and Electronic Health Records (EHR), HDSS, CPOE and HER}); by Model (Knowledge-Based Model, Non-Knowledge Based Model); By Deployment Type (On-Premise, Cloud-Based, Web-Based); by Application (Drug-Drug Interactions, Drug Allergy Alerts, Clinical Guidelines, Clinical Reminders, Drug Dosing Support, Others (Image Recognition, Comprehensive Disease Management, Etc.)); by Region (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018-2026’.The author of the report analyzed that the Global Healthcare Decision Support System Market accounted for US$ 976.6 million in 2017.
Pune, India -- (SBWIRE) -- 11/08/2018 -- Global Healthcare Decision Support System
The healthcare industry is one of the biggest producers of data. Data related to a patient's ailment, medicines, allergies, blood group, medical history are of utmost important to doctors. But as the number of patients visiting a hospital is unlimited, a large quantity of data is generated on daily basis. This data is very vast and cannot be stored in files. Due to this, the medical industry extended hands towards information technology (IT). Their combination resulted in the development of 'Decision Support System'.
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Market participants include 3M Health Information Systems Agfa-Gevaert Group, Allscripts Healthcare Solutions, Inc., Carestream Health, Cerner Corporation, Epic Systems Corporation, GE Healthcare, Haitai Medical Information Systems Co., Ltd., HealthCare Management Systems, IBM Corporation, McKesson Corporation, QSI Management, LLC, QuintilesIMS, Siemens Healthcare GmbH, Surgical Information Systems, Wolters Kluwer Health, Philips Healthcare and Zynx Health Incorporated amongst others. In 2018, Elsevier, a New York based analytics company announce the acquisition of Via Oncology, a Pennsylvania based company that provides decision support in cancer care management.
The system not only helps to store data but also helps to deliver strong decisions based on analysis of data, which is stored. Many big hospitals and clinics have started using the system as the cases of wrong diagnosis and patients responding negatively to drugs and treatments have increased. The decision support system can also be defined as an interactive, flexible and adaptable computer-based information system that analyzes the data stored to provide easy and interactive solutions for health-related problems. It is also famous by the name 'Clinical Decision Support System'. The system is mainly used in two areas, the first involves patent diagnosis, treatment, record keeping, finance and inventory management. The other involves higher level decision making that helps physicians to solve health related problems. The system has been helping the finance and accounts department in hospitals to keep track of billing, accounts payable and receivable. It is also helping in claiming insurance and other related financial activities.
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The increase in number of patients in hospitals and clinics is acting as a major driver for the healthcare decision support system market. As per the American Hospital Association's annual hospital statistics, about 35.4 million patients were admitted to hospitals in United States in 2013. The number became 50.62 million in 2016. This increasing patient population is urging many healthcare organizations to adopt decision support systems as the medical conditions and risks associated with a patient's health can be handled with ease and better treatment can be provided to patients.
The lack of technical knowledge in users operating the healthcare decision support system is preventing the market from growing. The design of healthcare decision support system has improved over the years. It has become much simpler as compared to previous manual versions. But still many healthcare professionals are not able to use it properly. The lack of technical knowledge still remains an issue for many.
The Use of Softwares for Healthcare Decision Support System Market is Dominating the Offering Segment
Most of the companies are trying to implement most innovative and latest developed softwares for healthcare decision support systems. After the passage of the Health Information Technology for Economic and Clinical Health (HITECH) Act, the use of healthcare decision support systems increased gradually. The act stated that, healthcare providers and hospitals must demonstrate the righteous use of health IT by 2015. This led to an increase in the use of many advanced softwares to solve complex health related problems. Companies have also entered into partnership with major IT vendors to launch their own healthcare decision support system softwares in the market.
The Region of Asia Pacific is Expected to Show Significant Increase in Healthcare Decision Support System Market as The Patient Population in the Region is Increasing
The region of Asia Pacific is witnessing an increase in patient population as the cases of cancer and thyroid have increased.
As per the report by European Society for Medical Oncology, in the year 2015, China had 4.3 million new cancer cases and more than 2.8 million cancer deaths. The number increased eventually in 2017 and became 6.1 Mn. Other factors such as favorable government policies, increasing spending on IT infrastructure by healthcare providers, and growing focus of various market players in emerging Asian countries are driving the growth of the market in this region.
Healthcare Decision Support System Market is Fragmented Due to the Presence of Many Start-ups and Medium Scale Companies
Market participants include 3M Health Information Systems Agfa-Gevaert Group, Siemens Healthcare GmbH, Allscripts Healthcare Solutions, Inc., Carestream Health, Epic Systems Corporation, GE Healthcare, Haitai Medical Information Systems Co., Ltd., Cerner Corporation HealthCare Management Systems, IBM Corporation, McKesson Corporation, Philips Healthcare, QSI Management, LLC, QuintilesIMS, Wolters Kluwer Health, Surgical Information Systems and Zynx Health Incorporated amongst others. In May, 2017, Agfa HealthCare, headquartered in Belgium released a new version of its healthcare decision support system, which is already being implemented and used in hospitals and clinics around the world. Its new features such as patient self-scheduling, patient care plans and care patient coordination are helping healthcare professionals worldwide.