Clinical Decision Support System (CDSS) Market Analysis by Type (Integrated, Standalone), Model (Knowledge-Based, Non-Knowledge-Based), Delivery Mode (Cloud-Based, On-Premises), Component (Software, Hardware, Services), Setting (In-Patient, Ambulatory Care), Interactivity (Active, Passive), Application (Advanced, Conventional) - Global Industry Revenue Estimation and Demand Forecast to 2030

Market Overview

The global clinical decision support system market size stood at $1,612.6 million in 2021, which is expected to reach $3,386.0 million by 2030, advancing at a CAGR of 8.6% during 2021–2030. This is primarily due to the surging deployment of information gathering and analysis systems by medical institutes and hospitals. In addition, the favorable initiatives of numerous government organizations, such as the FDA, in support of healthcare IT are set to boost the domain growth in the forecast period.

The swift advancements in bioinformatics and biotechnology are leading to the improvement in the optimization of the storage and management of data. Additionally, the rising number of innovations in healthcare IT, in part, due to the huge investments by both public as well as private organizations, is a key factor augmenting the adoption of CDSS. Furthermore, the incorporation of interoperability platforms and cloud computing systems in healthcare provides smooth operation and a consistent data flow.

Further, in the recent past, there has been a significant increase in the count of medical facilities all over the world, along with the implementation of CDSS here. Both of these developments can be firmly credited to the government efforts to modernize their healthcare services for everyone.

Additionally, in recent years, CDSS providers have actively involved themselves in collaborations with hospitals, which is significantly increasing the domain size. Additionally, the initiatives taken by government organizations to enhance the uptake of electronic health records are augmenting the profits for solution providers.

Increasing Popularity of Medication Management Systems in Healthcare Facilities

CDSS and associated software are gaining massive popularity in healthcare facilities due to their advanced applications, such as double-checking of prescriptions, drug expiry, drug reminders, and drug allergy alerts. These functions reduce the chances of adverse drug events and medication errors, improve medical assistance quality, and reduce hospitalization costs.

Moreover, at home healthcare settings, this software, integrated with medication management systems, plays a pivotal role in medication delivery and dosage calculations. Most patients cannot remember their entire medication regimen and either forget to take their dose or take an incorrect amount. In such conditions, smartphone-integrated CDSS systems with real-time medication monitoring remind patients to take their dose on time, thus helping prevent medication errors.

Integrated CDSS Solutions To Witness Faster Growth in Adoption

Integrated CDSS solutions accounted for the larger revenue share, of approximately 70%, in 2021, and they are expected to witness the faster growth in the forecast period. This is because of the rising awareness as well as the adoption of EHRs by medical facilities all over the world. These systems transmit patient data and history, offering clinical solutions and medication recommendations to practitioners, thereby automating and quickening up the clinical workflow. CDSS and EHRs are frequently combined for streamlining workflows and utilizing the existing data sets, which is set to support the category progress.

In addition, these solutions provide reminders or alerts via computerized provider order entry (CPOE) systems. This provides medication management services, which prevents dosage errors, thereby helping in the improvement of patient safety and health outcomes.

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Knowledge-Based Solutions Piquing Larger Customer Interest

The knowledge-based category accounted for the higher clinical decision support system market revenue in 2021. The same category is set to witness the higher CAGR, of around 10%, in the forecast period. This is because these solutions make use of a knowledge base to analyze critical patient data with an inference engine and display accurate insights to end users. The higher adoption of these solutions by medical facilities for decision-making tasks is the essential factor driving the category size.

Cloud To Rapidly Become Preferred Mode of Delivery

The cloud-based mode of delivery is expected to register the highest CAGR, of approximately 9%, driven by the substantial innovation in the field of information technology and its high adoption in the medical sector. Additionally, the cost efficiency and high reliability offered by this delivery mode are augmenting its adoption. Moreover, cloud computing delivers various services, such as platform as a service, infrastructure as a service, and software as a service, which assist in the operation, installation, and management of this software.

Healthcare organizations are moving their clinical applications to cloud-based computing systems, seeking faster operation, improved productivity, and reduced maintenance costs. Along with gaining popularity, the cloud technology has become mature, stable, and readily acceptable at the enterprise level in various industries, which is expected to drive the category’s growth in the upcoming period.

Services Are Being Used Most

Amongst the various components, the services category accounted for the largest revenue share, of approximately 55%, in 2021, owing to the requirement for the timely upgradation of software and the knowledge base with the recent medications and latest innovations. The hardware of these systems also needs to be maintained, which is propelling the demand for the associated services.

The software category held the second-largest revenue share in 2021, due to the integration of this software with EHRs and CPOE to enhance the decision support in hospitals, by developing specific and customized results for certain patients. In addition, the interoperability and technical innovations in various software are also expected to augment its procurement.

North America Leads Market

In 2021, North America has the largest market size, of around $800 million, and it is expected to register around 7% CAGR in the upcoming period. This is mainly ascribed to the growing demand for healthcare IT solutions in the region. In addition, the rising focus on the delivery of quality care and swift technological advancements are driving the regional domain growth. Furthermore, the demand for these solutions is experiencing tremendous growth in the continent owing to the improving healthcare infrastructure, increasing healthcare spending, mounting geriatric population, and rising prevalence of chronic and lifestyle-associated diseases.

APAC is expected to register the highest CAGR, of around 10%, during the forecast period owing to the snowballing investments in healthcare in China, Australia, Japan, and India. Additionally, the active involvement of government organizations in R&D, for the integration of IT with the continuum of care, is propelling the solution demand. Furthermore, the increasing patient count and rising life expectancy are likely to increase the IT investments in the medical industry within the region.

Market Opportunity

The massive impending global demand for CDSS has created extensive opportunities for the major players to take advantage of its utility. Although the healthcare sector has undergone significant digitalization in the advanced economies of the European Union and the U.S., the CDSS sector is still in its nascent phase in the emerging economies of Asia, LATAM, and Africa. However, the number of end users has been increasingly steadily in these regions, which provides immense growth opportunities to this sector.

Top Players in Clinical Decision Support System Market Are:

• McKesson Corporation
• Cerner Corporation
• Siemens Healthineers GmbH
• Allscripts Healthcare LLC
• athenahealth Inc.
• NextGen Healthcare Inc.
• Koninklijke Philips N.V.

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Type

• Integrated
• Standalone

Based on Model

• Knowledge-Based
• Non-Knowledge-Based

Based on Delivery Mode

• Cloud-Based
• On-Premises

Based on Component

• Software
• Hardware
• Services

Based on Setting

• In-Patient
• Ambulatory Care

Based on Interactivity

• Active
• Passive

Based on Application

• Advanced
• Conventional

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa