Global Clinical Decision Support System (CDSS) Market: Overview
A clinical decision support system (CDSS) refers is used in the healthcare sector to aid healthcare professionals in decision making tasks. Doctors, nurses, and other healthcare providers utilize CDSS in the preparation of a diagnosis and its review. Such an evaluation of data assists the prediction of potential events ranging from medication interaction to disease symptoms.
The global market for CDSS can be broadly segmented into machine learning and knowledge base. The knowledge based CDSS generate results via the use of if-then algorithms. Regular updating of databases is carried out by trained professionals. The non-knowledge based CDSS, on the other hand, runs on artificial intelligence. CDSS can either be a standalone system or be integrated with other systems such as computerized physician order entry (CLOSE) and electric health record (EHR) systems.
The report by Transparency Market Research (TMR) reveals crucial information about the recent developments and competitive scenario in the global CDSS market. The primary catalysts and deterrents of the growth of the market, market size, market projections have been discussed in the report, alongside relevant statistical analysis. The progress of the leading market players has also been mapped.
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Global Clinical Decision Support System (CDSS) Market: Drivers and Restraints
Some of the prominent advantages offered by CDSS include vast storage capacity, cost-effective efficiency, and ease of access on mobile devices. CDSS can be used at various stages such as prior to diagnosis, post diagnosis and during diagnosis to map the patient’s progress from past records to the present data.
Several supportive government initiatives are encouraging the growth of the global market for CDSS. For instance, it was observed that after the Healthcare Information Technology for Economic and Clinical Health (HITECH) Act in 2009, the adoption of CDSS has increased significantly. The greater adoption of cloud computing technology, expansion of healthcare infrastructures, and increasing patient awareness have been some of the driving forces of the global CDSS market.
On the other hand, the complexity associated with the integration of CDSS, lack of interoperability, and data security and privacy issues can inhibit growth. However, as more organizations such as the Office of the National Coordinator of Health Information Technology (ONC) and Healthcare Research and Agency for Healthcare Research and Quality (AHRQ) are making investments in CDSS implementation and development, the global market for CDSS will continue to thrive on account of the consequent opportunities.
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Global Clinical Decision Support System (CDSS) Market: Regional Outlook
By geography, the global market for CDSS can be segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). With Canada and the U.S. as the prominent contributors, North America is expected to lead the global CDSS market over the next few years. Favorable policies of the government, early adoption of IT across several industry verticals, and the rising incidence of diseases have been promoting the expansion of the CDSS market in this region.
Europe also possesses vast potential for growth. Italy, Germany, France, and the U.K. are likely to assist the advancement of the CDSS market in this region. Although believed to be at a nascent stage, the CDSS Market in Asia Pacific is one with maximum growth opportunities. The growing healthcare infrastructure, rising awareness about efficiency in healthcare, greater adoption of advanced technologies, and increasing government funds have been some of the major growth drivers of the market in Asia Pacific. The Middle East and Africa, and Latin America are also slated for monumental growth.
Companies Mentioned in the Report
Some of the major companies operating in the global market for CDSS are Epic Systems Corporation, Zynx Health, Medical Information Technology, Inc., Wolters Kluwer N.V., McKesson Corporation, Siemens Healthcare, and Philips Healthcare.
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