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Clinical Decision Support System Market Size, Share, Trends & Forecast 2019-2025
The global clinical decision support system market includes a health information system that combines patient data and medical knowledge base to record, store and improve the accessibility and analysis of patient information. Physicians and healthcare providers use this system for reviewing and diagnosing the disease through medical data of patients. This clinical decision support system industry is expanding attributed to the fact that the amount of medical data and information with the medical service providers is drastically increasing. The clinical decision support system assists in minimizing medication errors, reducing misdiagnoses, and improving the efficiency of analyzing patient data, that results in cost-cutting and timesaving.
Furthermore, the system provides consistent and reliable information to the care team, all at one place to increase communication within the hospital staff. This market is broadly divided into a knowledge-based decision system support system and without a knowledge-based decision support system. Without knowledge-based decision support system depends on machine learning to analyze clinical data whereas, the knowledge-based decision support system uses the inference engine to analyze the same data. The key drivers of the global clinical decision support system market include stringent government regulations to maintain and store records of the patients related to the medical diagnostic techniques.
Furthermore, increasing the adoption of cloud computing in healthcare, the growing frequency of medical errors, and high return on investment in the clinical decision support system are other drivers that are fueling the growth of this industry. However, this growth will be restricted due to various factors that include security and privacy issues, changing as per user requirements, lack of experienced professionals and interoperability issues. Additionally, the high maintenance and software update costs of these systems may impede the growth of this market.
The opportunities for this market include increasing government initiatives for clinical decision support systems and emerging cloud computing technology in the healthcare sector that enables clinics to make accurate decisions. For instance, AHRQ has funded several research projects of a clinical decision support system, including the new Patient-Centered Outcomes Research (PCOR) under the Clinical Decision Support Initiative.
Geographically, North America region has a substantial share in the market due to rapidly developing healthcare system and increased investment in research and development for advanced decision support systems. Additionally, the Asia-Pacific region is expected to grow at a significant rate owing to the presence of developing economies such as India and China that have rising aged population leading to increased demand for this system.
Current Market Trends Covered in the Market Report:
Demand for decentralization of healthcare information
Clinical decision support system for minimizing medication errors and reducing misdiagnoses
Rising supportive government policies in developing economies
Asia-Pacific – an emerging region in the near future
Global Clinical Decision Support System Market – Segmentation
By Delivery Model
On-Premise
Cloud-Based
Web-Based
By Product Type
Hardwar
Software
Services
By End-User
Hospitals
Diagnostic Centers
Clinics
Retail Pharmacy
Others
Global Clinical Decision Support System Market –Region
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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