Global Clinical Decision Support Market Value To Cross USD 1328 MN By 2026

Posted On January 31, 2020     

The Global Clinical Decision Support Market value will grow to USD 1328 MN in 2026 from the market value of USD 854.7 MN in 2019 at a CAGR of 6.5% during the study period of 2020-2026, as stated in the published report by Value Market Research. The essential necessity to keep control over death rates, increasing life expectancy and reduction in the rate of medication errors are the factors fuelling the growth of this market.
The surging number of deaths due to decision related issues is pressurizing the global healthcare system. Medical-errors are the third major reason for deaths in the world. This cost is a consequence of failure of planned medical efforts or mistakes in medical planning during the healthcare offerings. The errors in enactment of medical facilities frequently catalyse the rate of readmissions in health clinics which increases the expenses on healthcare. To take action against these avoidable costs and deaths, there is a boosting need of clinical decision-making equipment’s which assists doctors in rendering well-informed conclusions for healthcare and for deterring misdiagnosis of patients all over the world. The CDS appliances are broadly being incorporated with the EMR systems which deliver detailed medical record of the patient.
The report "Global Clinical Decision Support Market Report By Product (Diagnostic CDS And Therapeutics CDS), By Application (Drug Allergy Alert, Drug-Drug Interaction, Clinical Reminder, Clinical Guideline, Drug Dosing Support And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The market drivers responsible for pushing the market growth are discussed in length in the report. The clinical decision support market opportunities are useful to identify the profit centres and take the strategic decisions accordingly.
These systems enrich the procedure of care by creating indications whenever it finds risks of occurrence of any medical error in reference with the historical and current health of the patient. The CDS systems are, thus, a prominent contribution towards reducing the threat to life by possible medication mistakes.
By product the report segments the clinical decision support market as Diagnostic CDS and Therapeutics CDS. Therapeutics CDS is the leading segment driven by high use of CDS in healing therapies as this provide proper data for the treatment, shares alerts related to drug interaction among other benefits.
On the basis of application market is classified as drug allergy alert, drug-drug interaction, clinical reminder, clinical guideline, drug dosing support and others. Drug allergy alert has dominated the segment majorly due to rising cases of drug allergies which has generated enhanced demand for drug allergy screening to avoid medication errors.
Geographically, North America, Europe, Latin America and Middle East & Africa are deeply researched in the report. North America led the market because of high demand for healthcare IT solutions.
The Report Segments Global Clinical Decision Support Market -
By Product:

  • Diagnostic CDS
  • Therapeutics CDS

By Application:

  • Drug Allergy Alert
  • Drug-Drug Interaction
  • Clinical Reminder
  • Clinical Guideline
  • Drug Dosing Support
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Players Profiled In the Report:
Allscripts, Cerner Corporation, Elsevier, Epic Systems Corporation, Koninklijke Philips N.V., Mckesson Corporation, Medical Information Technology, Inc, Truven Health Analytics, Wolters Kluwer and Zynx Health.

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