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Clinical Decision Support System Market - By Applications (Drug Allergy Alerts, Drug Interactions) will reach $558 Million by 2018

The market is segmented based on products, models, applications, delivery modes, components, and provider entity capacity. Based on products, the market is further segmented into integrated and standalone CDSS solutions. Integrated solutions are mainly available in three different combinations, namely, EHR-CDSS, EHR-CDSS-CPOE, and CDSS-CPOE. Of all the combinations, EHR-CDSS-CPOE is estimated to be the fastest-growing segment in the forecast period.

 By model type, the market is divided into knowledge-based clinical decision support system (CDSS) and non-knowledge-based CDSS segments. Knowledge-based CDSS accounted for the largest share of the global market in 2013 and is estimated to grow at a higher CAGR from 2013 to 2018.

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 Based on applications, the 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 market in 2013.

The three most important delivery modes considered for the study are web-based, on-premises, and cloud computing.

 Under healthcare provider entity capacity, providers are segmented based on the number of beds, which range from less than 100 beds to more than 500 beds. The clinical decision support system market for hospitals with less than 100 beds accounted for the largest share of the overall market in 2013.

 The global market is expected to reach $558 million by 2018, growing at a CAGR of 10.4% during the forecast period (2013 to 2018). A major factor that is propelling the growth of this market is the increasing demand for analytical IT solutions that help in making accurate decisions at the point-of-care, which in turn helps to reduce costs and improve the quality of care. Clinical decision support system integrated with CPOE and EHR has emerged as an effective tool to resolve the issue of medication errors and to curtail the growing healthcare costs. Apart from this, factors such as the increasing government initiatives and the various incentive plans for healthcare providers across the globe will foster the adoption of clinical decision support solutions. On the other hand, the biggest challenges for this market are security, interoperability, integration challenges, high cost incurred while integrating and implementing CDSS solutions, incomplete or poor quality of data entry, poor IT skills among clinicians’ staff, and poor financial support from governments in certain regions of Europe and Asia.

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 Emerging markets like China, India, Brazil, Singapore, South Korea, and Saudi Arabia represent a lucrative growth opportunity for investors.

 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.).

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