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Healthcare Decision Support System Market by Offering (Hardware, Software, and Services); by Product Type (Standalone HDSS Solution and Integrated HDSS Solution); by Model (Knowledge-Based Model and Non-Knowledge Based Model); by Deployment Type (On-Premise, Cloud-Based, and Web-Based); for Applications (Drug-Drug Interactions, Drug Allergy Alerts, Clinical Guidelines, Clinical Reminders, Drug Dosing Support, and Others): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Published Date: 12-Mar-2018 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-2689 Status : Published

Global healthcare decision support system market is expected to reach USD 2,220 million by 2024, growing at a CAGR of more than 12% between 2017 and 2024.

Description

Report Brief

  • The report covers forecast and analysis for the healthcare decision support system market on a global and regional level.
  • The report includes the positive and the negative factors that are influencing the growth of the market.
  • Detailed information and future opportunities about the market are discussed.
  • The revenue generated by the prominent industry players have been analyzed in the report.
  • The market numbers have been calculated using top-down and the bottom-up approaches. 
  • The healthcare decision support system market has been analyzed using Porter’s Five Forces Analysis.
  • The market is segmented on the basis of the offering, product type, model, deployment type, and applications which in turn is bifurcated on a regional level as well.
  • All the segments have been evaluated based on the present and the future trends.
  • The report deals with the in-depth quantitative and qualitative analyses of the healthcare decision support system market. 
  • The report includes the detailed company profiles of the prominent market players.

Overview

Global healthcare decision support system is designed to improve the quality of clinical decision making. It also helps in enhancing the ability to address the rising information burden faced by clinicians along with offering a platform for integrating the evidence-based knowledge into care delivery. The majority of healthcare decision support system (HDSS) applications operate as components of the EHR systems, though stand-alone HDSS systems are also used.

Value

The global healthcare decision support system market was valued at around USD 870 million in the year 2016 and it is expected to reach approximately USD 2,220 million by 2024. The global healthcare decision support system market is expected to exhibit a CAGR of more than 12% between 2017 and 2024.

Drivers and Restraints

The major factor driving the growth of the healthcare decision support system market is the increasing adoption of the electronic health records (EHR) in the global market. An electronic health record is a vital component that eliminates the hard work of moving the clinical information from paper to online systems. The healthcare sector holds a dominant position in the global market. Globally, there is a huge focus in the healthcare sector as efforts are being made such as initiatives to manage accelerating cost, improve quality & excellence, and expanding the access of the healthcare facilities. 

Other factors that are propelling the growth of the healthcare decision support system market are the rising demand for the digital healthcare systems and the growing technological advancements in the healthcare sector.

The adoption of the healthcare decision support system will eliminate any chances of medical errors thus improving the clinical outcomes. Improvements in the healthcare delivery framework and the reimbursement policies have contributed positively to the growth of the market.

The opportunities for the market is growing owing to the improving healthcare reforms worldwide for improving the quality of patient care, minimizing the healthcare costs, and reducing the hospital readmission rates. The demand for the healthcare decision support system will increase in the coming years owing to the smooth integration of the healthcare decision support system with the electronic health records.

Global Healthcare Decision Support System Market

Segmentation

By offering, it is anticipated that the services segment holds the dominant position. In 2017, the services segment contributed a major market share of more than 50%. The growing demand for the healthcare services such as training and education, consulting, ongoing IT support and implementation, and others are increasing the demand for the services segment.

By product type, the integrated HDSS solution segment held the dominant position. In 2017, the integrated HDSS solution held around 67% of market share. Increasing requirement for accuracy and quality care has increased the demand for the integrated HDSS solution.

On the basis of model type, the knowledge-based model holds the major share of the market. The knowledge-base model has the ability to apply rules to the patient’s data using an inference engine and displays the results to the end user. In addition, the knowledge-base model is used for information collection and optimization of the organization thus augmenting its preference over the non-knowledge-base model. 

By deployment type, the web-based solutions anticipate contributing the largest market share in the global healthcare decision support system market. As data security is one of the major concerns in the healthcare IT market, the web-based solutions are majorly applied in order to enhance the security and accessibility of the healthcare decision support systems. Owing to these factors there is an increased implementation of the web-based solutions.

By application, drug-drug interaction accounted for the significant share in 2017. Increasing R&D and easy use of healthcare decision support systems contribute to the growth of the segment with the highest CAGR during the forecasted period.

The increased adoption of the healthcare decision support systems in the North American region has contributed around 39% of market share globally. Thus this region dominates the global healthcare decision support system market. However, Asia Pacific region anticipates registering the highest CAGR during the forecast period. Increasing healthcare infrastructure, advancements in the technology, and the growing adoption of the improved healthcare facilities contribute to the market growth in Asia Pacific region.

Industry Players

The report includes detailed profiles of the prominent market players that are trending in the market. The list of the players that are compiled in the report include 3M Health Information Systems, Agfa-Gevaert Group, Allscripts Healthcare Solutions, Inc., Carestream Health, Cerner Corporation, Epic Systems Corporation, GE Healthcare, IBM Corporation, McKesson Corporation, Philips Healthcare, QSI Management, LLC, Quintiles IMS, Siemens Healthcare GmbH., Surgical Information Systems, Wolters Kluwer Health, Zynx Health Incorporated, and much more.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. In May 2017, Agfa HealthCare released the newest version of its Integrated Care Suite, which is already being implemented and used in hospitals around the world. With new features such as patient self-scheduling, patient care plans, and care team/patient coordination, the new version further enhances the patient engagement and care management.

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. The global healthcare decision support system market, 2014 - 2024 (USD Million)
    • 2.2. Global healthcare decision support system market: Snapshot
  •  
  • Chapter 3. Healthcare Decision Support System - Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Increasing adoption of electronic health records (EHR) in market
      • 3.2.2. Rising demand and advancing technology in healthcare
    • 3.3. Market Restraints
      • 3.3.1. Integration of healthcare organization's clinical workflow
    • 3.4. Opportunities
      • 3.4.1. Emerging opportunity for cloud-based HDSS platforms
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. The threat of new entrants
      • 3.5.4. The threat of new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by offering segment
      • 3.6.2. Market attractiveness analysis, by product segment
      • 3.6.3. Market attractiveness analysis, by model segment
      • 3.6.4. Market attractiveness analysis, by deployment segment
      • 3.6.5. Market attractiveness analysis, by applications segment
      • 3.6.6. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Healthcare decision support system market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global healthcare decision support system market: company market share, 2016
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Therapy Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Therapy and Regional Expansion
  •  
  • Chapter 5. Global Healthcare decision support system market - Offering Segment Analysis
    • 5.1. Global healthcare decision support system market: Offering type overview
      • 5.1.1. Global healthcare decision support system market revenue share, by Offering, 2014 and 2024
    • 5.2. Hardware
      • 5.2.1. Global Hardware market, 2014 - 2024(USD Million)
    • 5.3. Software
      • 5.3.1. Global Software market, 2014 - 2024(USD Million)
    • 5.4. Services
      • 5.4.1. Global Services market, 2014 - 2024(USD Million)
      • 5.4.2. Global Training and Education Services market, 2014 - 2024(USD Million)
      • 5.4.3. Global Consulting Services market, 2014 - 2024(USD Million)
      • 5.4.4. Global Ongoing IT Support and Implementation Servicesmarket , 2014 - 2024(USD Million)
      • 5.4.5. Global Post-Sale and Maintenance Servicesmarket , 2014 - 2024(USD Million)
  •  
  • Chapter 6. Global Healthcare decision support system market - Product Segment Analysis
    • 6.1. Global healthcare decision support system market : Product type overview
      • 6.1.1. Global healthcare decision support system market revenue share, by Product, 2014 and 2024
    • 6.2. Standalone HDSS Solution
      • 6.2.1. Global Standalone HDSS Solutionmarket , 2014 - 2024(USD Million)
    • 6.3. Integrated HDSS Solution
      • 6.3.1. Global Integrated HDSS Solutionmarket , 2014 - 2024(USD Million)
      • 6.3.2. Global HDSS and Computerized Physician Order Entry (CPOE)market , 2014 - 2024(USD Million)
      • 6.3.3. Global HDSS and Electronic Health Records (EHR)market , 2014 - 2024(USD Million)
      • 6.3.4. Global HDSS, CPOE and EHR market , 2014 - 2024(USD Million)
  •  
  • Chapter 7. Global Healthcare decision support system market - Model Segment Analysis
    • 7.1. Global healthcare decision support system market : Model type overview
      • 7.1.1. Global healthcare decision support system market revenue share, by Model, 2014 and 2024
    • 7.2. Knowledge-Based Model
      • 7.2.1. Global Knowledge-Based Modelmarket , 2014 - 2024(USD Million)
    • 7.3. Non-Knowledge Based Model
      • 7.3.1. Global Non-Knowledge Based Modelmarket , 2014 - 2024(USD Million)
  •  
  • Chapter 8. Global Healthcare decision support system market - Deployment Segment Analysis
    • 8.1. Global healthcare decision support system market : Deployment type overview
      • 8.1.1. Global healthcare decision support system market revenue share, by Deployment, 2014 and 2024
    • 8.2. On-Premise
      • 8.2.1. Global On-Premise market , 2014 - 2024(USD Million)
    • 8.3. Cloud-Based
      • 8.3.1. Global Cloud-Based market , 2014 - 2024(USD Million)
    • 8.4. Web-Based
      • 8.4.1. The global Web-Based market, 2014 - 2024(USD Million)
  •  
  • Chapter 9. Global Healthcare decision support system market - Application Segment Analysis
    • 9.1. Global healthcare decision support system market : Application overview
      • 9.1.1. Global healthcare decision support system market revenue share, by Application, 2014 - 2024
    • 9.2. Drug-Drug Interactions
      • 9.2.1. Global healthcare decision support system market for Drug-Drug Interactions, 2014 - 2024 (USD Million)
    • 9.3. Drug Allergy Alerts
      • 9.3.1. Global healthcare decision support system market for Drug Allergy Alerts, 2014 - 2024 (USD Million)
    • 9.4. Clinical Guidelines
      • 9.4.1. Global healthcare decision support system market for Clinical Guidelines, 2014 - 2024 (USD Million)
    • 9.5. Clinical Reminders
      • 9.5.1. Global healthcare decision support system market for Clinical Reminders, 2014 - 2024 (USD Million)
    • 9.6. Drug Dosing Support
      • 9.6.1. Global healthcare decision support system market for Drug Dosing Support, 2014 - 2024 (USD Million)
    • 9.7. Other
      • 9.7.1. Global healthcare decision support system market for Other, 2014 - 2024 (USD Million)
  •  
  • Chapter 10. Global Healthcare decision support system market - Regional Segment Analysis
    • 10.1. Global healthcare decision support system market : Regional overview
      • 10.1.1. Global healthcare decision support system market revenue share, by region, 2014 and 2024
    • 10.2. North America
      • 10.2.1. North America healthcare decision support system market revenue, by offering, 2014 - 2024 (USD Million)
      • 10.2.2. North America healthcare decision support system market revenue, by product type, 2014 - 2024 (USD Million)
      • 10.2.3. North America healthcare decision support system market revenue, by model, 2014 - 2024 (USD Million)
      • 10.2.4. North America healthcare decision support system market revenue, by deployment type, 2014 - 2024 (USD Million)
      • 10.2.5. North America healthcare decision support system market revenue, by application, 2014 - 2024 (USD Million)
      • 10.2.6. U.S.
      • 10.2.7. Rest Of America
    • 10.3. Europe
      • 10.3.1. Europe healthcare decision support system market revenue, by offering, 2014 - 2024(USD Million)
      • 10.3.2. Europe healthcare decision support system market revenue, by product type, 2014 - 2024(USD Million)
      • 10.3.3. Europe healthcare decision support system market revenue, by model, 2014 - 2024(USD Million)
      • 10.3.4. Europe healthcare decision support system market revenue, by deployment type, 2014 - 2024(USD Million)
      • 10.3.5. Europe healthcare decision support system market revenue, by application, 2014 - 2024(USD Million)
      • 10.3.6. Europe healthcare decision support system market revenue, by Country, 2014 - 2024(USD Million)
      • 10.3.7. Germany
      • 10.3.8. UK
      • 10.3.9. France
      • 10.3.10. Italy
      • 10.3.11. Spain
      • 10.3.12. Russia
      • 10.3.13. Rest of Europe
    • 10.4. Asia Pacific
      • 10.4.1. Asia Pacific healthcare decision support system market revenue, by offering, 2014 - 2024(USD Million)
      • 10.4.2. Asia Pacific healthcare decision support system market revenue, by product type, 2014 - 2024(USD Million)
      • 10.4.3. Asia Pacific healthcare decision support system market revenue, by model, 2014 - 2024(USD Million)
      • 10.4.4. Asia Pacific healthcare decision support system market revenue, by deployment type, 2014 - 2024(USD Million)
      • 10.4.5. Asia Pacific healthcare decision support system market revenue, by application, 2014 - 2024(USD Million)
      • 10.4.6. Asia Pacific healthcare decision support system market revenue, by Country, 2014 - 2024(USD Million)
      • 10.4.7. China
      • 10.4.8. Japan
      • 10.4.9. India
      • 10.4.10. Southeast Asia
      • 10.4.11. Rest of Asia Pacific
    • 10.5. Latin America
      • 10.5.1. Latin America healthcare decision support system market revenue, by offering, 2014 - 2024(USD Million)
      • 10.5.2. Latin America healthcare decision support system market revenue, by product type, 2014 - 2024(USD Million)
      • 10.5.3. Latin America healthcare decision support system market revenue, by model, 2014 - 2024(USD Million)
      • 10.5.4. Latin America healthcare decision support system market revenue, by deployment type, 2014 - 2024(USD Million)
      • 10.5.5. Latin America healthcare decision support system market revenue, by application, 2014 - 2024(USD Million)
      • 10.5.6. Latin America healthcare decision support system market revenue, by country, 2014 - 2024(USD Million)
      • 10.5.7. Brazil
      • 10.5.8. Rest of Latin America
    • 10.6. Middle East and Africa
      • 10.6.1. Middle East and Africa healthcare decision support system market revenue, by offering, 2014 - 2024(USD Million)
      • 10.6.2. Middle East and Africa healthcare decision support system market revenue, by product type, 2014 - 2024(USD Million)
      • 10.6.3. Middle East and Africa healthcare decision support system market revenue, by model, 2014 - 2024(USD Million)
      • 10.6.4. Middle East and Africa healthcare decision support system market revenue, by deployment type, 2014 - 2024(USD Million)
      • 10.6.5. Middle East and Africa healthcare decision support system market revenue, by application, 2014 - 2024(USD Million)
      • 10.6.6. Middle East and Africa healthcare decision support system market revenue, by country, 2014 - 2024(USD Million)
      • 10.6.7. GCC Countries
      • 10.6.8. South Africa
      • 10.6.9. Rest of Middle East & Africa
  •  
  • Chapter 11. Company Profile
    • 11.1. 3M Health Information Systems
      • 11.1.1. Overview
      • 11.1.2. Financials
      • 11.1.3. Therapy portfolio
      • 11.1.4. Business strategy
      • 11.1.5. Recent developments
    • 11.2. Agfa-Gevaert Group
      • 11.2.1. Overview
      • 11.2.2. Financials
      • 11.2.3. Therapy portfolio
      • 11.2.4. Business strategy
      • 11.2.5. Recent developments
    • 11.3. Allscripts Healthcare Solutions, Inc.
      • 11.3.1. Overview
      • 11.3.2. Financials
      • 11.3.3. Therapy portfolio
      • 11.3.4. Business strategy
      • 11.3.5. Recent developments
    • 11.4. Carestream Health
      • 11.4.1. Overview
      • 11.4.2. Financials
      • 11.4.3. Therapy portfolio
      • 11.4.4. Business strategy
      • 11.4.5. Recent developments
    • 11.5. Cerner Corporation
      • 11.5.1. Overview
      • 11.5.2. Financials
      • 11.5.3. Therapy portfolio
      • 11.5.4. Business strategy
      • 11.5.5. Recent developments
    • 11.6. Epic Systems Corporation
      • 11.6.1. Overview
      • 11.6.2. Financials
      • 11.6.3. Therapy portfolio
      • 11.6.4. Business strategy
      • 11.6.5. Recent developments
    • 11.7. GE Healthcare
      • 11.7.1. Overview
      • 11.7.2. Financials
      • 11.7.3. Therapy portfolio
      • 11.7.4. Business strategy
      • 11.7.5. Recent developments
    • 11.8. Haitai Medical Information Systems Co., Ltd.
      • 11.8.1. Overview
      • 11.8.2. Financials
      • 11.8.3. Therapy portfolio
      • 11.8.4. Business strategy
      • 11.8.5. Recent developments
    • 11.9. HealthCare Management Systems
      • 11.9.1. Overview
      • 11.9.2. Financials
      • 11.9.3. Therapy portfolio
      • 11.9.4. Business strategy
      • 11.9.5. Recent developments
    • 11.10. IBM Corporation
      • 11.10.1. Overview
      • 11.10.2. Financials
      • 11.10.3. Therapy portfolio
      • 11.10.4. Business strategy
      • 11.10.5. Recent developments
    • 11.11. McKesson Corporation
      • 11.11.1. Overview
      • 11.11.2. Financials
      • 11.11.3. Therapy portfolio
      • 11.11.4. Business strategy
      • 11.11.5. Recent developments
    • 11.12. Philips Healthcare
      • 11.12.1. Overview
      • 11.12.2. Financials
      • 11.12.3. Therapy portfolio
      • 11.12.4. Business strategy
      • 11.12.5. Recent developments
    • 11.13. QSI Management, LLC
      • 11.13.1. Overview
      • 11.13.2. Financials
      • 11.13.3. Therapy portfolio
      • 11.13.4. Business strategy
      • 11.13.5. Recent developments
    • 11.14. QuintilesIMS
      • 11.14.1. Overview
      • 11.14.2. Financials
      • 11.14.3. Therapy portfolio
      • 11.14.4. Business strategy
      • 11.14.5. Recent developments
    • 11.15. Siemens Healthcare GmbH
      • 11.15.1. Overview
      • 11.15.2. Financials
      • 11.15.3. Therapy portfolio
      • 11.15.4. Business strategy
      • 11.15.5. Recent developments
    • 11.16. Surgical Information Systems
      • 11.16.1. Overview
      • 11.16.2. Financials
      • 11.16.3. Therapy portfolio
      • 11.16.4. Business strategy
      • 11.16.5. Recent developments
    • 11.17. Wolters Kluwer Health
      • 11.17.1. Overview
      • 11.17.2. Financials
      • 11.17.3. Therapy portfolio
      • 11.17.4. Business strategy
      • 11.17.5. Recent developments
    • 11.18. Zynx Health Incorporated
      • 11.18.1. Overview
      • 11.18.2. Financials
      • 11.18.3. Therapy portfolio
      • 11.18.4. Business strategy
      • 11.18.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Healthcare Decision Support System market. Zion Market Research has collected and analyzed key data belong to the global Healthcare Decision Support System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Healthcare Decision Support System across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Healthcare Decision Support System industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Healthcare Decision Support System market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split into segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.
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