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Clinical Decision Support Systems (CDSS) Market and is expected to grow at a CAGR of 8.3% during the forecast period, 2019-2028

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The Global Clinical Decision Support Systems Market Report by BIS Research projects the market to grow at a significant CAGR of 8.3% during the forecast period from 2019 to 2028.

According to a new market intelligence report by BIS Research titled ‘Global Clinical Decision Support Systems (CDSS) Market − Analysis and Forecast, 2019-2028, the global Clinical Decision Support Systems (CDSS) market was valued at $1.57 billion in 2018 and is expected to grow at a CAGR of 8.3%  during  the  forecast  period,  2019-2028.

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The global Clinical Decision Support Systems (CDSS) market was valued at $1.57 billion in 2018 and is expected to grow at a CAGR of 8.3% during the forecast period, 2019-2028, being driven  by  the  need  to  control  the  rising number of deaths due to medical errors. According to Centers for Disease Control and Prevention (CDC), medical error is the third leading cause of death in the U.S.

The CDS systems can promote adherence to best-practice medical guidelines, reduce medical error and improve long-term patient outcomes.

The growth of CDSS is also being driven by clinical needs, the growing burden of chronic conditions, and the evolution of enabling technology. Furthermore, the exponential growth in the volume of medical information has boosted the demand for CDSS.

The journal Transactions of the American Clinical and Climatological Association in 2012 reported that in 1950 the time required for medical information to double was estimated to be 50 years. By 1980, the same shrank to seven years and by 2010 it was only 3.5 years.

By 2020, it will only take 73 days for the volume of medical knowledge to double.

 

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Key Questions Answered in the Report:

  • • What are the major market drivers, challenges and opportunities in the global clinical decision support systems market and their case studies?
  • • What is the Total Addressable Market (TAM), Segmental Addressable Market (SAM) and the potential market opportunity of the global clinical decision support systems market?
  • • What is the market share of the leading segments and sub-segments of the global clinical decision support systems market in 2018 and 2028?
  • • What did the CDSS market evolve and what are the factors that necessitated its evolution?
  • • How will each segment of the clinical decision support systems market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2028?

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Category: Market Research Publishers and RetailersCompany about: BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market.BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market. With over 150 market research reports published annually ...
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