Healthcare Decision Support System Market Size, Share, Growth Report 2032

Industry Prospective:

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

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Healthcare Decision Support System Market: Overview

A healthcare decision support system (HDSS) is designed to improve healthcare delivery by merging clinical expertise, patient information, and other health data into medical decisions. Factors such as the increasing prevalence of chronic diseases globally, as well as technological advancements in big data processing such as the use of machine learning and artificial intelligence (AI) in understanding critical insights, will drive the growth of this market during the forecast period. HDSS has become an important tool in the fight against COVID-19 because it demonstrated how healthcare teams can stay up to date on the most recent COVID information and intelligence, thereby improving the quality of care provided. Rapid advances in biotechnology and bioinformatics are promoting improvements and optimizations in data storage, management, and analytics platforms, which will drive the future growth of the HDSS market. With pharmaceutical errors, doctors must make effective and efficient clinical decisions in order to achieve evidence-based clinical outcomes and avoid misdiagnosis during any medical process, fuelling the market's rise in the next years.

Covid-19 Impact

Due to the COVID-19 outbreak, medical practices of all sizes are under tremendous strain, and healthcare facilities around the world are overwhelmed by the high number of patients who see them on a regular basis. The development of this pandemic has increased the demand for accurate diagnostic and treatment technologies in a number of countries throughout the world. Healthcare decision support systems have proven to be quite beneficial in this area, as they enable healthcare providers to monitor patients using digitally connected non-invasive devices such as home blood pressure monitors and pulse oximeters. Furthermore, the rapid spread of this disease throughout the world has resulted in a scarcity of hospital beds and healthcare staff. This has increased the demand for connected medical devices that monitor vital signs. The COVID-19 epidemic has also raised the requirement for the social distance between physicians and patients, fuelling demand for remote patient monitoring and telemedicine solutions, as well as the correct and timely sharing of patient health records. Several market participants have integrated COVID-19-related functionality into their existing EHRs, which are being made available to consumers at no cost.

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Healthcare Decision Support System Market: Driver

Medication errors are becoming more common.

A medication error is an unintentional failure in the drug treatment process that has the potential to harm patients' health. Prescription, dispensing, storage, preparation, and administration errors are the most common preventable causes of unwanted adverse events, posing a significant public health cost. When patients and healthcare providers have access to complete and accurate EHRs that provide a comprehensive patient illness history, proper care is ensured. Such records can help improve diagnosis, minimize errors, save time, and even shorten patient wait times. To obtain quality treatment, hospitals and physicians must deploy and successfully use HDSS and its accompanying technologies, which is boosting their adoption around the world.

Healthcare Decision Support System Market: Restraint

Concerns about data security in relation to cloud-based HDSS

A risk with cloud-based HDSS is that data hosted by the user is not as secure as data stored on-premise. Patient information is deemed sensitive and requires a high level of privacy to ensure that it is only accessed by authorized users. The public cloud suffers from the same security issues as traditional IT systems and is hence not recommended. Private clouds provide greater access protocols, data security, and systems, but they are not widely used in the healthcare sector due to higher initial expenses. Because of the requirement to access patient data across many departments, major data security risks have arisen. This will create security gaps, which hackers can exploit to obtain access to critical information. As a result, many hospitals continue to select off-the-shelf solutions over cloud-based solutions, stifling market growth in the coming years.

Healthcare Decision Support System Market: Segmentation

The Healthcare Decision Support System is segregated based on Product, Delivery Mode, Model, Type, Component, Application, Level of Interactivity, Settings.

By Product, the market is classified into Integrated CDSS and Standalone CDSS. Standalone CDSS acquired the largest revenue share of the global market because of its characteristics such as low cost and simplicity. The segment's rise has also been aided by its ease of usage in hospitals and clinical settings. CDSS systems can be utilized alone or in tandem with an EHR, CPOE, or both. The combined EHR with the CDSS segment is expected to increase rapidly throughout the projected period. When CDSS systems are coupled with EHR, they offer clinicians a patient database and history, allowing them to provide clinical solutions and propose medication to the practitioner, thereby automating the clinical workflow. CDSS and EHRs are routinely linked in order to optimize processes and make better use of available data sets.

By Delivery Mode, the market is classified into On-Premise, Cloud-based. The on-premise systems sector obtained the greatest revenue share in the forecast period due to rapid adoption. This technology is used to safeguard data in multispecialty hospitals and large-scale healthcare organisations. Additional benefits supplied to the user include data protection and threat reduction, making it the preferred choice for end-users. Cloud-based solutions represented the second-largest revenue share because of substantial innovation in information technology, with potential applications in the healthcare industry. Reliability and cost-effectiveness are important aspects driving the growth of this industry.

Recent Developments

• In 2020, Zynx Health has announced that it has significantly expanded and upgraded the publicly available COVID-19 clinical decision support available on its website, zynxhealth.com. The most recent additions to the Zynx Health material include suggestions from groups such as the Infectious Diseases Society of America, it is projected to achieve substantial advancements in the worldwide Centers for Disease Control and Prevention and the World Health Organization.

Report Scope:

Regional Landscape

North America is likely to represent a significant share of the worldwide Healthcare decision support systems market because of the increased adoption of clinical decision systems by a greater number of healthcare institutions. Furthermore, the introduction of new technologies to link existing data handling systems such as EHR and clinical decision systems is providing predictive scenarios for patients, resulting in improved patient experience and treatment.

The Asia Pacific has enormous potential for global Healthcare decision support system growth because of the continuously growing patient population and the growing demand for software aid in managing this growing patient population. Furthermore, increased collaboration between healthcare institutions and information technology firms for the development of new systems is likely to drive the expansion of global clinical decision support systems in the Asia Pacific.

Competitive Landscape

Some of the main competitors dominating 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).

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