Global Clinical Decision and Support System Market is Witnessing Rampant Growth with Siemens Healthineers launching its clinical decision support platform

Clinical Decision and Support System Market

A clinical decision support system, also known as a CDS, is a large-scale health information exchange system that is primarily designed to offer physicians and other healthcare professionals direct clinical assistance, which is, essentially, help with clinical decision-making activities. It can take several forms, the most common of which are computerized patient records (CPR) and electronic health records (EHR). A primary focus of this system is to improve the quality of care delivered by healthcare professionals through improved access to up-to-date and accurate clinical data.

Increasing demand to reduce healthcare expenditure is expected to drive growth of the global clinical decision and support system market. According to the World Bank, healthcare expenditure in the U.K. reached 9.997% of the GDP in 2018, increasing from 9.166% in 2008. According to the same source, healthcare expenditure in the U.S. reached 16.885% of the GDP in 2018, increasing from 15.286% in 2008. Besides, according to the Centers for Medical & Medicaid Services (CMS), the U.S. healthcare expenditure reached US$ 3.8 trillion or US$ 11,582 per person. Such a massive increase in healthcare expenditure has necessitated the adoption of clinical decisions and support systems. The CDSS offers increased quality of care and makes it cost-effective. It improves efficiency and provides patient satisfaction. Hence, such factors are expected to drive growth of the global clinical decision and support system market. Furthermore, increasing incidence of medication errors is expected to propel the global clinical decision and support system market growth in the near future.

However, data security concerns related to cloud-based CDSS and lack of interoperability are expected to restrain growth of the global clinical decision and support system market. Besides, technological advancements and social media integration can provide major business opportunities in the near future. Among regions, North America is expected to witness significant growth in the global clinical decision and support system market. This is owing to increasing demand for healthcare IT solutions in the medical sector across the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing investments in the healthcare sector in emerging economies such as India, China, Japan, and Singapore.

Key companies operating in the global clinical decision and support system market are Cerner Corporation, Siemens Healthineers AG, EPIC, Koninklijke Philips NV, IBM Corporation, Meditech, and Change Healthcare.

For instance, in March 2020, Siemens Healthineers AG launched its clinical decision support platform teamplay digital health platform. 

Location: India

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