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Medical Decision Support Systems Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Medical Decision Support Systems Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Published: Jul 2024 146 Pages SKU: IRTNTR73460

Market Overview at a Glance

$661.8 Mn
Market Opportunity
8.12%
CAGR
7.51
YoY growth 2023-2024(%)

Medical Decision Support Systems Market Size 2024-2028

The medical decision support systems market size is forecast to increase by USD 661.8 million, at a CAGR of 8.12% between 2023 and 2028.

  • The Medical Decision Support Systems (MDSS) market is witnessing significant growth, driven by the increasing prevalence of fatal diseases and the subsequent need for accurate and timely diagnosis. The rising burden of chronic conditions, such as cancer and cardiovascular diseases, necessitates the adoption of advanced decision-making tools to improve patient outcomes and reduce healthcare costs. Furthermore, the market is witnessing a surge in product launches, introducing innovative features and functionalities to cater to the evolving needs of healthcare providers and patients. However, the high costs associated with MDSS implementation and maintenance pose a considerable challenge for market growth.
  • Healthcare organizations must carefully weigh the benefits against the financial investment required to implement these systems. Additionally, ensuring data security and privacy remains a significant concern, as sensitive patient information is at risk when utilizing digital platforms. Addressing these challenges through strategic partnerships, cost-effective solutions, and robust security measures will be crucial for market participants seeking to capitalize on the opportunities presented by the growing demand for MDSS.

What will be the Size of the Medical Decision Support Systems Market during the forecast period?

Medical Decision Support Systems Market Size

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, driven by advancements in technology and the growing need for data-driven healthcare. These systems integrate various components such as cost-effectiveness analysis, medical image processing, predictive modeling algorithms, drug interaction checkers, personalized medicine platforms, machine learning models, quality improvement metrics, and patient safety alerts. These tools enable healthcare providers to make informed decisions, improve patient outcomes, and reduce costs. The integration of patient data analytics, knowledge-based systems, telemedicine, and expert system shells facilitates clinical pathway adherence and decision support dashboard usage. Risk stratification tools and health outcome prediction models provide real-time clinical alerts, enhancing patient safety and treatment guideline adherence.

Moreover, the adoption of disease risk assessment, interoperability standards, and diagnostic imaging integration allows for seamless data exchange between systems, ensuring accurate and timely decision-making. Natural language processing and data visualization techniques further enhance the effectiveness of these systems, while healthcare data security measures protect sensitive patient information. Workflow optimization tools and adverse event reporting systems streamline processes and improve patient safety, respectively. Population health management and remote patient monitoring enable proactive care and early intervention, leading to better health outcomes. As technology continues to advance, medical decision support systems will become increasingly sophisticated, incorporating more advanced features and capabilities to meet the evolving needs of the healthcare industry.

How is this Medical Decision Support Systems Industry segmented?

The medical decision support systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Product Type
    • Knowledge-based
    • Non-knowledge-based
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
    • APAC
      • China
    • Rest of World (ROW)

By Product Type Insights

The knowledge-based segment is estimated to witness significant growth during the forecast period.

Medical Decision Support Systems (MDSS) are advanced digital solutions that integrate various technologies to enhance clinical decision-making processes. These systems employ a knowledge base, an inference engine, and a communication mechanism. The inference engine uses rules from the knowledge base, which can be literature-based, practice-based, or patient-directed evidence, and combines them with patient data to generate recommendations. Predictive modeling algorithms, medical image processing, and natural language processing are integral components of these systems. Predictive modeling helps in health outcome prediction and risk stratification, while medical image processing aids in diagnostic imaging integration. Natural language processing enables the system to understand and interpret clinical data.

Machine learning models and clinical decision support systems facilitate evidence-based recommendations. Quality improvement metrics and patient safety alerts ensure the delivery of safe and effective care. Telemedicine integration and remote patient monitoring contribute to population health management. Drug interaction checkers and adverse event reporting ensure patient safety. Expert system shells and clinical pathway adherence provide guidance for clinical workflows. Decision support dashboards and real-time clinical alerts enable timely intervention. Healthcare data security is crucial for protecting sensitive patient information. Interoperability standards and treatment guideline adherence ensure seamless data exchange and consistent care delivery. Disease risk assessment and diagnostic imaging integration contribute to accurate diagnosis and effective treatment.

Workflow optimization tools streamline clinical processes, improving efficiency and reducing errors. Risk stratification tools help prioritize patient care based on their risk profiles. Real-time clinical alerts and patient data analytics enable proactive care and personalized medicine platforms. These systems employ data visualization techniques to facilitate understanding of complex clinical data. They also integrate with expert systems and knowledge-based systems to provide comprehensive decision support. The market for MDSS is evolving, with a focus on cost-effectiveness analysis, personalized medicine, and remote patient monitoring.

Medical Decision Support Systems Market Size

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The Knowledge-based segment was valued at USD 688.60 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Medical Decision Support Systems Market Share by Geography

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The decision support systems market in North America is currently leading the global landscape, driven by integrated healthcare infrastructure, major companies, and high adoption of advanced medical technology. Key contributing factors include increasing data integration, government initiatives, an aging population, and the surge in mHealth applications. With strong public health policies and substantial healthcare budgets, the US and Canada are at the forefront of this market. Advancements in medical image processing, predictive modeling algorithms, and machine learning models are revolutionizing clinical decision making. Personalized medicine platforms and drug interaction checkers ensure accurate and efficient patient care. Quality improvement metrics and patient safety alerts prioritize patient wellbeing, while clinical decision support systems provide evidence-based recommendations.

Adverse event reporting, risk stratification tools, and health outcome prediction enable proactive care and improved patient outcomes. Real-time clinical alerts and decision support dashboards optimize workflows and enhance operational efficiency. Telemedicine integration and natural language processing facilitate remote patient monitoring and population health management. Data visualization techniques and healthcare data security are essential components, ensuring data accuracy and privacy. Interoperability standards and treatment guideline adherence promote seamless information exchange between healthcare providers. Diagnostic imaging integration and disease risk assessment further enhance the capabilities of decision support systems.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is experiencing significant growth as healthcare organizations seek to improve clinical decision making, reduce medical errors, and enhance patient care. AI technology is playing a pivotal role in this evolution, with applications including patient portal integration strategies, real-time clinical data visualization, and data-driven clinical decision support. These systems enable healthcare providers to streamline workflows, optimize resource allocation, and accurately assess disease risks. Additionally, effective medication management systems help prevent adverse drug interactions, while personalized medicine implementation and remote monitoring enable more effective patient engagement and population health management. Real-time access to clinical trial data insights and robust healthcare data security further enhance the value of these systems. By leveraging these advanced technologies, medical decision support systems are improving treatment plan adherence, preventing adverse events, and ultimately leading to better patient outcomes. As the market for medical decision support systems continues to grow, it is essential that these solutions adhere to the highest standards of market research reporting to ensure accuracy and reliability.

What are the key market drivers leading to the rise in the adoption of Medical Decision Support Systems Industry?

  • The escalating incidence of fatal diseases serves as the primary catalyst for market growth. 
  • The market is experiencing significant growth due to the increasing prevalence of chronic diseases and the need for efficient healthcare management. According to the World Bank, approximately 10% of the global population reached the age of 65 or above in 2022. This demographic shift has led to a rise in the prevalence of chronic conditions such as diabetes, cancer, and cardiovascular diseases. In response, there is a growing demand for healthcare technologies to aid in diagnosis, treatment, and disease management. Medical decision support systems (MDSS) are becoming increasingly popular as they offer workflow optimization tools, disease risk assessment, interoperability standards, treatment guideline adherence, and diagnostic imaging integration.
  • These systems enable healthcare professionals to make informed decisions based on patient data, improving patient outcomes and reducing healthcare costs. The integration of natural language processing (NLP) technology into MDSS further enhances their capabilities, allowing for the analysis of unstructured data from various sources, including electronic health records and clinical notes. This technology also assists in the identification of relevant treatment options and potential drug interactions, ensuring treatment guideline adherence and improving patient safety. In conclusion, the increasing prevalence of chronic diseases and the need for efficient healthcare management are driving the growth of the market.
  • These systems offer numerous benefits, including workflow optimization, disease risk assessment, interoperability standards, treatment guideline adherence, and diagnostic imaging integration, making them an essential tool for healthcare professionals in the management of patient care.

What are the market trends shaping the Medical Decision Support Systems Industry?

  • Product launches are currently the prevailing market trend. It is essential for businesses to stay informed and prepared for upcoming product launches to remain competitive.
  • Medical Decision Support Systems (MDSS) are advanced technological solutions gaining traction in the healthcare industry due to their ability to enhance clinical decision-making processes. Companies are continually introducing new and updated MDSS with advanced features, such as cost-effectiveness analysis, medical image processing, predictive modeling algorithms, drug interaction checkers, personalized medicine platforms, and machine learning models. For instance, Change Healthcare's InterQual 2022, launched in April 2022, includes updated criteria for emerging trends, interactive criteria for streamlined workflows, and AI for proactive insights and efficiency.
  • These innovations drive market growth, as healthcare providers seek to improve quality metrics, patient safety, and overall care delivery. Additionally, MDSS can help reduce errors and adverse drug reactions by providing real-time patient safety alerts. The market's growth is further fueled by the increasing adoption of technology in healthcare and the growing emphasis on evidence-based medicine.

What challenges does the Medical Decision Support Systems Industry face during its growth?

  • The escalating costs linked to MDSS (Medical Device Software Systems) pose a significant challenge and hinder the growth of the industry. 
  • Medical Decision Support Systems (MDSS) have become an essential tool in the healthcare industry for analyzing patient data and providing expert recommendations to improve clinical outcomes. These systems utilize knowledge-based systems, patient data analytics, telemedicine integration, and expert system shells to facilitate clinical pathway adherence, decision support dashboards, risk stratification tools, and health outcome prediction. The installation cost of MDSS is substantial, with annual costs per practice ranging from USD 9,500 for small practices to USD 76,000 for large practices, totaling approximately USD 185,927. Over 77% of this expense is incurred during the installation phase, which includes system setup and client care preparation.
  • The remaining operating costs cover day-to-day use and maintenance, including staff requirements and resources. MDSS plays a crucial role in enhancing patient care by providing real-time insights, improving clinical decision-making, and optimizing resource utilization. By integrating patient data analytics, knowledge-based systems, telemedicine, and expert recommendations, these systems enable healthcare providers to deliver personalized, evidence-based care and improve overall patient outcomes.

Exclusive Customer Landscape

The medical decision support systems market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the medical decision support systems market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Medical Decision Support Systems Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, medical decision support systems market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Agfa Gevaert NV - This company specializes in medical decision support systems, leveraging advanced technologies such as machine learning and artificial intelligence to enhance healthcare diagnosis and treatment recommendations. Their innovative approach streamlines clinical workflows and improves patient care.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Agfa Gevaert NV
  • ALLSCRIPTS HEALTHCARE SOLUTIONS INC.
  • Cedar Gate Technologies
  • Change Healthcare Inc.
  • Cohesic Inc.
  • Epic Systems Corp.
  • Fortive Corp.
  • Hearst Communications Inc.
  • Hera MI SAS
  • International Business Machines Corp.
  • Koninklijke Philips N.V.
  • Medical Information Technology Inc.
  • McKesson Corp.
  • Nuance Communications Inc.
  • Oracle Corp.
  • OSP
  • Premier Inc.
  • RELX Plc
  • Siemens AG
  • Wolters Kluwer NV

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Medical Decision Support Systems Market

  • In January 2024, IBM Watson Health announced the FDA clearance of its expanded IBM Watson for Clinical Trial Matching and Watson for Genomics offerings. These advanced Medical Decision Support Systems (DSS) are designed to help clinicians identify potential clinical trials for their patients and provide genomic analysis for personalized treatment recommendations (IBM Press Release, 2024).
  • In March 2024, Cerner Corporation and Google Cloud entered into a strategic partnership to integrate Google Cloud's AI and machine learning capabilities with Cerner's HealtheIntent platform. This collaboration aims to enhance Cerner's DSS offerings and improve population health management (Cerner Press Release, 2024).
  • In May 2024, Medtronic plc completed the acquisition of HeartFlow, a leader in non-invasive coronary artery analysis. This strategic move will enable Medtronic to expand its portfolio of DSS solutions for cardiovascular diseases (Medtronic Press Release, 2024).
  • In April 2025, the European Commission approved the Horizon Europe research and innovation program, which includes a significant focus on developing and implementing advanced DSS in healthcare. This initiative is expected to invest €95.5 billion in research and innovation over the next seven years, with a dedicated budget for DSS and AI in healthcare (European Commission Press Release, 2025).

Research Analyst Overview

  • The market encompasses a range of technologies designed to enhance clinical decision-making and improve patient outcomes. Critical care support systems provide real-time patient monitoring and analysis, while clinical trial recruitment platforms facilitate the identification and enrollment of eligible participants. Patient outcome tracking and physician communication tools enable effective collaboration between healthcare providers, ensuring timely and accurate information exchange. Surgical planning tools and medication reconciliation systems streamline the pre-operative process, reducing errors and improving efficiency. Patient engagement strategies, risk factor identification, and care coordination technology empower patients to take an active role in their care, leading to better health outcomes.
  • Medical device connectivity, data privacy compliance, and public health surveillance systems ensure the secure and efficient exchange of health information. Disease progression modeling, health informatics tools, and predictive analytics engines enable early detection and intervention, improving patient outcomes and reducing healthcare costs. Infection control protocols, lab result interpretation, and treatment protocol management systems optimize clinical workflows and reduce alert fatigue. Outcome-based healthcare, anesthesia management systems, and decision support interfaces provide personalized recommendations based on patient data, improving clinical accuracy and patient satisfaction. Clinical pathways engines and patient-specific recommendations facilitate evidence-based care and promote best practices.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Medical Decision Support Systems Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

146

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.12%

Market growth 2024-2028

USD 661.8 million

Market structure

Fragmented

YoY growth 2023-2024(%)

7.51

Key countries

US, Germany, UK, Canada, and China

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Medical Decision Support Systems Market Research and Growth Report?

  • CAGR of the Medical Decision Support Systems industry during the forecast period
  • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the medical decision support systems market growth of industry companies

We can help! Our analysts can customize this medical decision support systems market research report to meet your requirements.

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1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Product Type
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Medical Decision Support Systems Market 2018 - 2022
      • Historic Market Size - Data Table on Global Medical Decision Support Systems Market 2018 - 2022 ($ million)
    • 4.2 Product Type segment analysis 2018 - 2022
      • Historic Market Size - Product Type Segment 2018 - 2022 ($ million)
    • 4.3 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.4 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product Type

    • 6.1 Market segments
      • Chart on Product Type - Market share 2023-2028 (%)
      • Data Table on Product Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Product Type
      • Chart on Comparison by Product Type
      • Data Table on Comparison by Product Type
    • 6.3 Knowledge-based - Market size and forecast 2023-2028
      • Chart on Knowledge-based - Market size and forecast 2023-2028 ($ million)
      • Data Table on Knowledge-based - Market size and forecast 2023-2028 ($ million)
      • Chart on Knowledge-based - Year-over-year growth 2023-2028 (%)
      • Data Table on Knowledge-based - Year-over-year growth 2023-2028 (%)
    • 6.4 Non-knowledge-based - Market size and forecast 2023-2028
      • Chart on Non-knowledge-based - Market size and forecast 2023-2028 ($ million)
      • Data Table on Non-knowledge-based - Market size and forecast 2023-2028 ($ million)
      • Chart on Non-knowledge-based - Year-over-year growth 2023-2028 (%)
      • Data Table on Non-knowledge-based - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Product Type
      • Market opportunity by Product Type ($ million)
      • Data Table on Market opportunity by Product Type ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 8.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 8.4 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 8.5 Asia - Market size and forecast 2023-2028
      • Chart on Asia - Market size and forecast 2023-2028 ($ million)
      • Data Table on Asia - Market size and forecast 2023-2028 ($ million)
      • Chart on Asia - Year-over-year growth 2023-2028 (%)
      • Data Table on Asia - Year-over-year growth 2023-2028 (%)
    • 8.6 Rest of World (ROW) - Market size and forecast 2023-2028
      • Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
      • Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
      • Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
      • Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
    • 8.7 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 8.8 Germany - Market size and forecast 2023-2028
      • Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 8.9 UK - Market size and forecast 2023-2028
      • Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Chart on UK - Year-over-year growth 2023-2028 (%)
      • Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 8.10 Canada - Market size and forecast 2023-2028
      • Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 8.11 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 8.12 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 11.3 ALLSCRIPTS HEALTHCARE SOLUTIONS INC.
              • ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Overview
              • ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Product / Service
              • ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Key offerings
            • 11.4 Change Healthcare Inc.
              • Change Healthcare Inc. - Overview
              • Change Healthcare Inc. - Product / Service
              • Change Healthcare Inc. - Key offerings
            • 11.5 Epic Systems Corp.
              • Epic Systems Corp. - Overview
              • Epic Systems Corp. - Product / Service
              • Epic Systems Corp. - Key offerings
            • 11.6 Hearst Communications Inc.
              • Hearst Communications Inc. - Overview
              • Hearst Communications Inc. - Product / Service
              • Hearst Communications Inc. - Key news
              • Hearst Communications Inc. - Key offerings
            • 11.7 International Business Machines Corp.
              • International Business Machines Corp. - Overview
              • International Business Machines Corp. - Business segments
              • International Business Machines Corp. - Key news
              • International Business Machines Corp. - Key offerings
              • International Business Machines Corp. - Segment focus
            • 11.8 Koninklijke Philips N.V.
              • Koninklijke Philips N.V. - Overview
              • Koninklijke Philips N.V. - Business segments
              • Koninklijke Philips N.V. - Key news
              • Koninklijke Philips N.V. - Key offerings
              • Koninklijke Philips N.V. - Segment focus
            • 11.9 McKesson Corp.
              • McKesson Corp. - Overview
              • McKesson Corp. - Business segments
              • McKesson Corp. - Key news
              • McKesson Corp. - Key offerings
              • McKesson Corp. - Segment focus
            • 11.10 Oracle Corp.
              • Oracle Corp. - Overview
              • Oracle Corp. - Business segments
              • Oracle Corp. - Key news
              • Oracle Corp. - Key offerings
              • Oracle Corp. - Segment focus
            • 11.11 Siemens AG
              • Siemens AG - Overview
              • Siemens AG - Business segments
              • Siemens AG - Key news
              • Siemens AG - Key offerings
              • Siemens AG - Segment focus
            • 11.12 Wolters Kluwer NV
              • Wolters Kluwer NV - Overview
              • Wolters Kluwer NV - Business segments
              • Wolters Kluwer NV - Key news
              • Wolters Kluwer NV - Key offerings
              • Wolters Kluwer NV - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market aalysis
              • 12.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Medical Decision Support Systems market growth will increase by $ 661.8 mn during 2024-2028 .

              The Medical Decision Support Systems market is expected to grow at a CAGR of 8.12% during 2024-2028 .

              Medical Decision Support Systems market is segmented by Product Type( Knowledge-based, Non-knowledge-based)

              Agfa Gevaert NV, ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Cedar Gate Technologies, Change Healthcare Inc., Cohesic Inc., Epic Systems Corp., Fortive Corp., Hearst Communications Inc., Hera MI SAS, International Business Machines Corp., Koninklijke Philips N.V., Medical Information Technology Inc., McKesson Corp., Nuance Communications Inc., Oracle Corp., OSP, Premier Inc., RELX Plc, Siemens AG, Wolters Kluwer NV are a few of the key vendors in the Medical Decision Support Systems market.

              North America will register the highest growth rate of 39% among the other regions. Therefore, the Medical Decision Support Systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

              US, Germany, UK, Canada, China

              • Rising prevalence of fatal diseasesAccording to the World Bank Group is the driving factor this market.
              • in 2022 is the driving factor this market.
              • 10% of the population globally was aged 65 years or above. The growth of the aging population is leading to a rise in the prevalence of chronic diseases in the region. Hence is the driving factor this market.
              • the prevalence of various chronic diseases is the driving factor this market.
              • such as diabetes is the driving factor this market.
              • cancer is the driving factor this market.
              • and cardiovascular disease is the driving factor this market.
              • is increasing in the country. The rising prevalence of such diseases is increasing the demand for healthcare technologies for diagnosis and treatment. It is also increasing the need for the management of medical information to enable the optimal use of data. The increasing number of patients suffering from chronic diseases and lifestyle disorders has led to the large-scale adoption of medical decision support systems (MDSS) for monitoring is the driving factor this market.
              • diagnosis is the driving factor this market.
              • and management of diseases is the driving factor this market.
              • which will fuel the growth of the global medical decision support systems market. Therefore is the driving factor this market.
              • due to such factors is the driving factor this market.
              • the market in focus is expected to witness steady growth during the forecast period.  is the driving factor this market.

              The Medical Decision Support Systems market vendors should focus on grabbing business opportunities from the Knowledge-based segment as it accounted for the largest market share in the base year.