Facts and Factors Market Research has published a new report titled “Healthcare Decision Support System Market By Offering (Hardware, Software, and Services), By Product Type (Standalone HDSS Solution and Integrated HDSS Solution), By Model (Knowledge-Based Model and Non-Knowledge Based Model), By Deployment Type (On-Premise, Web-Based, and Cloud-Based), and By Application(Drug-Drug Interactions, Drug Dosing Support, Drug Allergy Alerts, Clinical Reminders, Clinical Guidelines, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”. According to the report, the global Healthcare Decision Support System market is predicted to be valued at approximately USD 1,091 million in 2018 and is expected to reach a value of around USD 2,498 million by 2025, at a CAGR of around 12.5% between 2019 and 2025.
A healthcare decision support system is an application that examines the data to assist the healthcare service providers in taking effective decisions along with improving the patient care services. Moreover, healthcare decision support systems focus on making use of knowledge management to acquire medical advice based on myriad factors pertaining to patient-related information. Additionally, healthcare decision support systems help in integrating the workflows along with offering support during patient care.
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The healthcare decision support system provides assistance to the physicians for not only examining the patient data but also using the data for formulating the diagnosis. It also gives information to doctors & primary healthcare service providers for enhancing the quality of healthcare service to patients.
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Growing acceptance of electronic health records in the healthcare industry to boost the market trends
Electronic health records have played a vital role in shifting clinical data from paper to digital systems. With the need for efficiently handling escalation costs & improving the quality of healthcare services, the adoption of electronic health records in the healthcare sector is increasing across the globe. All these aforementioned aspects are likely to favorably influence the growth of the healthcare decision support system industry over the forecast timeline.
Apparently, the growing demand for healthcare IT services & the launching of new healthcare technology will prompt the growth of the industry over the forecast period. Additionally, growing cases of chronic ailments and bulging aging population across the globe will augment the scope of the business over the period from 2019 to 2025. However, the huge proportion of clinical tests & medical research activities published regularly has proved to be a challenging task for incorporating the data outcomes. Apart from this, large number of data into the current healthcare decision support system has placed substantial stress on infrastructure maintenance & application of these systems, thereby hindering the business growth. Nevertheless, growing popularity of cloud-based healthcare decision support systems can offer new growth avenues for the industry, thereby nullifying the negative impact of the hindrances on the market during the forecast timeline.
Services to lead the offering segment over the forecast period in terms of value
The segmental growth during the forecast timeline is credited to escalating demand for education & training services, consulting services, and IT support & implementation services in the healthcare decision support systems industry.
Drug-Drug interactions segment to dominate the application landscape during 2019-2025
The growth of the drug-drug interactions segment over the forecast timeline is owing to the surge in the number of research activities and massive usage of healthcare decision support systems in the drug-drug interactions segment.
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Asia Pacific market to record the highest CAGR over the forecast timeline
The healthcare decision support system industry in the Asia Pacific zone is set to register the highest growth rate of over 13% over the forecast period. The regional market growth is attributed to presence of strong healthcare infrastructure facility and growing awareness about the electronic health record systems in the region.
Some of the key participants in the business include Xylem Analytics Germany Sales GmbH & Co. KG., Synbiosis, A Division of Synoptics Ltd., Autoimmun Diagnostika GmbH, Bioavlee Sp., bioMérieux, Inc., Boeckel Co. (GmbH Co.) KG, Interscience, Labline Stock Centre, Molecular Devices, LLC, Neu-tec Group Inc., Patel Scientific Instruments Pvt. Ltd., SM Scientific Instruments Pvt. Ltd., Spectronics India, Suntex Instruments Co., Ltd., UVP, LLC (DBA Analytik Jena US), and Zenith Engineers (Biozen).
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This report segments the Healthcare Decision Support System market as follows:
Healthcare Decision Support System Market: By Offering Analysis
- Training and Education Services
- Consulting Services
- Ongoing IT Support and Implementation Services
- Post-Sale and Maintenance Services
Healthcare Decision Support System Market: By Product Type Analysis
- Standalone HDSS Solution
- Integrated HDSS Solution
- HDSS and Computerized Physician Order Entry (CPOE)
- HDSS and Electronic Health Records (EHR)
- HDSS, CPOE and EHR
Healthcare Decision Support System Market: By Model Analysis
- Knowledge-Based Model
- Non-Knowledge Based Model
Healthcare Decision Support System Market: By Deployment Type Analysis
Healthcare Decision Support System Market: By Application Analysis
- Drug-Drug Interactions
- Drug Dosing Support
- Drug Allergy Alerts
- Clinical Reminders
- Clinical Guidelines
- Others (Image Recognition, Comprehensive Disease Management, Etc.)
Healthcare Decision Support System: By Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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