Clinical decision support systems are computerized systems, which are designed to provide deep-diving insights to healthcare professionals to aid in numerous decision-making activities. Such systems include a variable cast of devices and vary according to the nature of the diseases being treated. In recent years, clinical decision support systems have become a valuable guidance tool for the healthcare industry. The clinical decision support system (CDSS) market, as per Market Research Future (MRFR), in its latest report, is likely to expand at CAGR of 12% to reach a valuation of USD 1.76 Bn by the end of the assessment period of 2018-2023.
Clinical decision support systems are versatile, which has spurred adoption among healthcare organizations. The rise in the number of hospitals, surging cases of medical emergency, and the rise in geriatric population are key factors boosting the growth of the market. However, such systems run the risk of data breach, which can be disruptive to the growth of the market. Meanwhile, the market is likely to benefit from the shift of the healthcare sector towards data-driven technologies, and the advent of healthcare technologies such as healthcare AI, EMRs, and other healthcare technologies.
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Competitive Landscape
Hearst Health, Allscripts, Agfa-Gevaert Group, Wolters Kluwer Health, Athenahealth, Inc, Elsevier B.V., Meditech, Cerner Corporation, Epic Systems Corporation, and Carestream are the key players in the clinical decision support system market.
Segmentation
The global clinical decision support systems market has been segmented based on component, product type, model, delivery mode, mode of advice, type, and application.
Regional Analysis
Region-wise, the clinical decision support market has been segmented into North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Latin America, and Europe.
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North America holds the largest share of the global clinical decision support systems market. The existence of major key players in the region gives leverage over others. Moreover, the advanced state of healthcare in the region and high expenditure on healthcare are furthering the growth of the market.
Europe accounts for an advantageous share of the global market and is likely to exhibit rapid growth over the forecast period. Government initiative undertaken to improve the healthcare sector, accessibility of advanced healthcare facilities, and increasing healthcare expenditure is some of the factors driving the growth of the Europe market.
Relentless strides made by the government of the emerging economies of APAC towards the modernization of the healthcare sector is likely to fuel the growth of the APAC market.
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