Welcome!

Government Cloud Authors: Elizabeth White, Liz McMillan, Gopala Krishna Behara, Raju Myadam, Kevin Jackson

News Feed Item

Clinical Decision Support System Market worth $558 Million by 2018

DALLAS, February 20, 2014 /PRNewswire/ --

The report, "Clinical Decision Support System (CDSS) Market [By Product - Integrated (EHR, CPOE), Model (Knowledge-based), Applications (Drug Allergy Alerts, Drug Interactions), Delivery Mode (Web-based, Cloud-based), Component (Hardware, Software)] - Global Forecast to 2018", provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global CDSS market along with the estimates and forecasts of the revenue and share analysis.

Browse 78 market data tables and 28 figures spread through 242 pages and in-depth TOC on "Clinical Decision Support System (CDSS) Market"


http://www.marketsandmarkets.com/Market-Reports/clinical-decision-support-systems-market-18085342.html
Early buyers will receive 10% customization on this report.

The global CDSS Market crossed $350 million in 2013 and is poised to grow at a high single-digit CAGR from 2013 to 2018.

The market is segmented based on products, models, applications, delivery modes, components, and provider entity capacity. Based on products, the CDSS market is further segmented into integrated and standalone CDSS solutions. Of all the integrated solutions (EHR-CDSS, EHR-CDSS-CPOE, and CDSS-CPOE), EHR-CDSS-CPOE will be the fastest-growing market in the next five years. Factors accelerating the growth of this market are the presence of government initiatives to promote clinical IT solutions such as EHR, CDSS, and CPOE; growing pressure to curtail healthcare costs; and rising demand for quality care. Integrated CDSS solutions also help in reducing the incidences of medication errors and facilitate the easier integration of clinical data repositories with workflow systems.

Based on applications, the Clinical Decision Support System Market is segmented into drug allergy alerts, drug reminders, drug-drug interactions, clinical guidelines, clinical reminders, drug dosing support, and others. Drug allergy alerts accounted for the largest share of the global CDSS Market in 2013. On the other hand, clinical reminders are expected to witness the highest growth at an estimated double-digit CAGR from 2013 to 2018. Various benefits while implementing this system, such as just-in-time alerts, prompt recommendation at the point-of-care, and improvements in quality care at low costs, will spur the market growth.

The three most important delivery modes considered for the study are web-based, on-premises, and cloud computing. Owing to the growing need to meet the requirement of enhanced security and accessibility, the cloud computing mode of delivery is expected to grow at a brisk pace in the forecast period (2013-2018). Furthermore, cloud computing also reduces the burden on healthcare systems, as the need for an IT staff is eliminated.

Geographic analysis reveals that North America was the largest contributor to the global Clinical Decision Support System Market in 2013 and will also be the fastest growing region for CDSS till 2018. Factors driving the North American market are the growing demands for integrated CDSS solution with EHR and CPOE, firm support from the U.S. Agency for Healthcare Research and Quality (AHRQ), growth in aging population, growing healthcare cost, and growth in patient consumerism for quality care.

Globally, the Clinical Decision Support System Market will be driven by the growing pressure to reduce healthcare costs, growing patient consumerism for quality care, rising demand for analytical solutions, and government initiatives that promote the adoption of CDSS. The major bottlenecks for this market are the growing concerns over security, interoperability, integration challenges, costs incurred while integrating, problems in implementing CDSS solutions, alert fatigue, incomplete or poor quality of data entry, poor IT skills among staff, and poor financial support from governments in certain countries in Europe and Asia. Cloud computing models offer huge growth opportunities for CDSS vendors, globally. Also, large sized hospitals (>300 bed size) will be potential growth segments for CDSS companies in the coming years.

The key players in this market are Agfa Healthcare (Belgium), athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Carestream Health, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), McKesson Corporation (U.S.), MEDITECH (U.S.), NextGen Healthcare Information System LLC (U.S.), Novarad Corporation (U.S.), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Wolters Kluwer (U.S.), and Zynx Health (U.S.); in 2013, MEDITECH led the market in terms of cumulative installations.

Browse related reports

Healthcare Analytics/Medical Analytics Market by Application (Clinical, Financial, & Operational), Type (Predictive, & Prescriptive), End-user (Payer, Provider, HIE, ACO), Delivery Mode (On-premise, Web, & Cloud) - Trends & Global Forecasts to 2020

 http://www.marketsandmarkets.com/Market-Reports/healthcare-data-analytics-market-905.html

Vendor Neutral Archive (VNA) Market & PACS Market - VNA [On-premise Software, Hybrid & Cloud, Multi-Department & Multi-Site VNA] & Picture Archiving and Communication System [Enterprise, Cardiology & Radiology] - Global Forecast to 2018

http://www.marketsandmarkets.com/Market-Reports/vendor-neutral-archive-VNA-PACS-market-1255.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, healthcare information technology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, agriculture industry, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/healthcareit

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...