The global Clinical Decision Support System (CDSS) market size is expected to reach USD 2,562.9 Million in 2028 and register a revenue CAGR of 8.6% over the forecast period, according to the latest report by Reports and Data. Rising demand for precise and error-free tools for handling huge data of patients is driving market revenue growth. Increasing prevalence of chronic diseases across the globe is resulting in rising number of patient footfall in hospitals, which is expected to result in increase in data volume generated by the hospitals. For instance, researchers at the University of Pennsylvania use a machine learning tool to predict patients at highest risk for developing severe sepsis in just 12 hours. This new tool can monitor hundreds of key variables in real-time by taking data from more than 160,000 patients.
Adoption of cloud computing in the healthcare sector is also driving market growth. Increasing usage of healthcare IoT devices and need to document and analyze large volumes of data to deliver both personal and population health management services require cloud computing from business and technology perspectives. Cloud computing also facilitates application of technologies such as Big Data analytics, cognitive computing, mobile collaboration, and information exchange which accelerates delivery of advanced healthcare solutions. Governments of various countries across the globe also play an important role in implementing any new system or technology in the healthcare industry. CDSS is expensive and thus financial support and awareness spread by governments of various countries is expected to support revenue growth of the market.
However, cost of implementing a CDSS is very high, and it may not be feasible for all hospitals and clinical centers, which could hamper market revenue growth in the near future. In addition, servicing and software upgradation costs of these systems can sometimes be more than the price of original products.
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Some Key Highlights from the Report
For the purpose of this report, Reports and Data has segmented the global CDSS market based on component, product, type, mode of delivery, level of interactivity, setting outlook, usage, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
Product Outlook (Revenue, USD Million; 2018–2028)
Type Outlook (Revenue, USD Million; 2018–2028)
Mode of Delivery Outlook (Revenue, USD Million; 2018–2028)
Level of Interactivity Outlook (Revenue, USD Million; 2018–2028)
Setting Outlook (Revenue, USD Million; 2018–2028)
Usage Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
End-use Outlook (Revenue, USD Million; 2018–2028)
Regional Outlook (Revenue, USD Million; 2018–2028)
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