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Massive unexplored CDSS Market is Creating a Major Opportunity for the Market

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CDSS Market

The clinical decision support system market size is expected to cross $1.5 billion by 2022, growing at a CAGR of 21.5% between 2016-2022. The CDSS market is driven by five major factors, including growing demand for advanced healthcare information systems, growing investments by HIT players, growing need for remote patient monitoring services, and increasing support from government organizations.

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In terms of product, the CDSS market is segmented into integrated CDSS solutions and standalone CDSS solutions. The integrated CDSS solution segment accounted for larger share in the clinical decision support system market in 2015; and is also expected to witness the higher growth during 2016-2022.

In terms of model, the CDSS market is segmented into knowledge based CDSS solutions, and non-knowledge-based CDSS solutions. The knowledge based CDSS solution segment accounted for larger market share in the clinical decision support system market in 2015; and is expected to witness the higher growth during 2016-2022.

The massive unexplored CDSS across the globe has created abundant opportunities for the major players to exploit the potential of the CDSS market. Although, there has been significant development in the developed economies of European Union (EU) and the U.S., the clinical decision support system market is still at its nascent form, especially in the developing countries of Asia, Latin America, and Africa. A high growth in numbers of end user including hospitals, and pharmacy has been witnessed in the developing countries of these regions, which provides immense growth opportunities for the CDSS market.

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Some of the key companies operating in the CDSS market include Cerner Corporation, RELX Group PLC, Epic Systems Corporation, General Electric Company, McKesson Corporation, Zynx Health Incorporated, International Business Machine Corporation, Siemens AG, Allscripts Healthcare Solutions Inc., Meditech and Wolters Kluwer.

Source: P&S Intelligence