Global Healthcare Decision Support System Market Is Likely To Grow At A CAGR Value Of Around 8.9% By 2028

11-May-2022 | Zion Market Research

The Healthcare Decision Support System Market was worth around USD 1,429.5 million in 2021 and is estimated to grow to about USD 2,384.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.9 percent over the forecast period. The report analyzes the Healthcare Decision Support System Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Healthcare Decision Support System Market.

A healthcare decision support system (HDSS) is a type of health information technology that gives doctors, staff, patients, or other individuals with knowledge and person-specific information that is intelligently filtered or given at the right time to improve health and health care. Implementation of government regulations and initiatives to promote the adoption of Health Information Technology (HIT) solutions, increasing adoption of HDSS-enabled Electronic Health Record (EHRs), an increase in the number of collaborations and partnerships between stakeholders, an increase in the number of medication errors, and the growing prominence of medical Health and big data tools are some of the key factors driving the market's expansion in the near future. Furthermore, hospitals, diagnostic centers, and clinics are exhibiting interest in clinical decision support systems in order to prevent pharmaceutical prescription errors, monitor adverse drug events, and other medical errors. The rising need for healthcare cost-cutting measures, the desire to improve service quality, and technical improvements in healthcare information technology (IT) in hospitals are some of the reasons that are expected to drive the healthcare decision support systems (HDSS) market in the coming years. The combination of cloud computing and the capacity to interwork across platforms in several systems can increase smooth operation and data flow, hence increasing HDSS usage in the future.

The Healthcare Decision Support System Market is segregated based on Product, Delivery Mode, Model, Type, Component, Application, Level of Interactivity, Settings. Based on Product, the global market is distinguished into Integrated CDSS and Standalone CDSS. Based on Delivery Mode, the global market is distinguished into On-Premise, Cloud-based. Based on the Model, the global market is distinguished into Knowledge-based, and Non-Knowledge based. Based on Type, the global market is distinguished into Therapeutic, Diagnostic. Based on Component, the global market is distinguished into Services, Software, Hardware. Based on Application, the global market is distinguished into Advanced CDSS Conventional CDSS. Based on the Level of Interactivity, the global market is distinguished into Active CDSS, Passive CDSS. Based on Settings, the global market is distinguished into In-Patient, Ambulatory care settings.

Global Healthcare Decision Support System Market

During the projection period, North America dominated the market. The surge in demand for healthcare information technology solutions in the medical sector can be ascribed to market growth. Rapid technology improvements, as well as the growing necessity of providing high-quality healthcare services, are driving market expansion in this region. The medical industry's increased need for healthcare information technology solutions aided the market's expansion. In addition, the rapid technological improvements, and the growing necessity of offering high-quality healthcare services, are driving the growth of the market in the region. The HDSS market in the Asia-Pacific region is expected to grow rapidly during the forecast period due to increased R&D investment by key economies in order to increase in-depth knowledge of information technology in the medical area in order to simplify data flow. Furthermore, the growing older population serves as a driving force for market expansion in the Asia-Pacific region in the approaching years.

Key players functioning in the Healthcare Decision Support System Market include Cerner (US), Epic (US), MEDITECH (US), Wolters Kluwer Health (Netherlands), Zynx Health (US), Elsevier B.V. (Netherlands), IBM Watson Health (US), Allscripts Healthcare Solutions (US), NextGen Healthcare (US), and Siemens Healthineers (Germany).

Recent developments:

  • In 2020, WeHealth Digital Medicine, the e-health business subsidiary of Servier Group, and CureMatch, a leader in digital health precision medicine, announced that Bionov has gained CE Mark clearance. Bionov is a clinical decision support software program that offers healthcare practitioners tailored single medication and combination drug therapy options based on the molecular profiles of their cancer patients.
  • In 2020, IBM Watson Health and EBSCO Information Services have established a strategic partnership to improve clinical decision support (CDS) and operations for healthcare practitioners and health systems. The firms are integrating their individual product suites to create a unified, high-value worldwide offering known as DynaMed and Micromedex with Watson. The unified solution suite is intended to merge pharmacological and illness content into a single source of evidence-based insights.

Browse the full Healthcare Decision Support System Market By Product (Integrated CDSS, Standalone CDSS). By Delivery Mode (On-Premise, Cloud-based). By Model (Knowledge-based, Non-Knowledge based) By Type (Therapeutic, Diagnostic). By Component (Services, Software, Hardware). By Application (Advanced CDSS, Conventional CDSS). By Level of Interactivity (Active CDSS, Passive CDSS). By Settings (In-Patient, Ambulatory care settings) Report at https://www.zionmarketresearch.com/report/healthcare-decision-support-system-market

Healthcare Decision Support System Market is segmented as follows:

By Product

  • Integrated CDSS
  • Standalone CDSS

By Delivery Mode

  • On-Premise
  • Cloud-based

By Model

  • Knowledge-based
  • Non-Knowledge based

By Type

  • Therapeutic
  • Diagnostic

By Component

  • Services
  • Software
  • Hardware

By Application

  • Advanced CDSS
  • Conventional CDSS

By Level of Interactivity

  • Active CDSS
  • Passive CDSS

By Settings

  • In Patient
  • Ambulatory care settings

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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