Clinical Decision Support Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Clinical decision support refers to healthcare IT solutions that are specifically designed to aid healthcare professionals and physicians in making clinical decisions. It gives knowledge and person-specific information to physicians, employees, patients, and other individuals, which is intelligently filtered or provided at the right time to improve health and health care. They include a variety of technologies that aid in clinical workflow decision-making. They also give care providers and patients with automated alerts and reminders, clinical guidelines, focused patient data reports and summaries, diagnostic support, and documentation templates, among other things.

MARKET SCOPE

The "Global Clinical Decision Support Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the clinical decision support market with detailed market segmentation by component, product, delivery mode, application, type and model. The report provides key statistics on the market status of the leading clinical decision support market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component the market is segmented as, hardware, software and services.
  
•   Based on product the market is segmented as, integrated and standalone.
  
•   Based on delivery mode the market is segmented as, cloud based, web based and on premise.
  
•   Based on application the market is segmented as, conventional and advanced.
  
•   Based on type the market is segmented as, therapeutic and diagnostic.
  
•   Based on model the market is segmented as, knowledge based, non-knoledge based.
  

MARKET DYNAMICS

Drivers:

•   Implementation of government regulations and initiatives to promote the adoption of HIT solutions.
  
•   Increasing cases of medication errors is expected to fuel the market growth.
  
•   Growing adoption of clinical decision support enabled EHRs is expected to spur the market growth during the forecast period.
  

Restraints:

•   Whereas, data security concerns associated with clinical decision support is expected to limit market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The clinical decision support market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the clinical decision support market in these regions.

IMPACT OF COVID-19 ON CLINICAL DECISION SUPPORT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the clinical decision support market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from clinical decision support market are anticipated to lucrative growth opportunities in the future with the rising demand for clinical decision support in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the clinical decision support market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Cerner Corporation
  
•   Epic Systems Corporation
  
•   Medical Information Technology, Inc.
  
•   Wolters Kluwer N.V
  
•   Zynx Health, Inc
  
•   IBM
  
•   Allscripts Healthcare, LLC
  
•   Siemens Healthcare GmbH
  
•   General Electric Company
  
•   Medical Algorithms Company Limited-
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Clinical Decision Support Report Scope