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The medical decision support systems market size is forecast to increase by USD 661.8 million, at a CAGR of 8.12% between 2024 and 2028. The market's trajectory is influenced by several key factors, including the rising prevalence of fatal diseases, which underscores the urgent need for effective healthcare solutions. There's also a growing emphasis on enhancing the quality and efficiency of healthcare services, driven by advancements in medical technologies. These technologies play a pivotal role in improving diagnostics, treatment outcomes, and patient care experiences. As healthcare providers leverage advanced tools and methodologies, such as AI, telemedicine, and precision medicine, the sector is poised for significant advancements. This convergence of medical innovation and operational efficiency not only addresses current healthcare challenges but also lays the foundation for future healthcare landscapes focused on preventive care and personalized medicine.
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Medical Decision Support Systems (DSS) are computer-based tools designed to assist healthcare professionals in making informed clinical decisions. These systems offer various functionalities, including medical diagnosis, alerts and reminders, prescription decision support, and information retrieval. Medical DSS can be deployed as cloud-based or on-premise solutions, with integrated CDSS and standalone CDSS being the two main categories. Cloud based CDSS allows access to patient data from anywhere, making it ideal for office-based physicians and CDSS-enabled EHRs. In contrast, on-premise counterpart offer more control over data security and privacy. The market for Medical DSS is growing due to the increasing adoption of novel therapies and the need for personalized medicine. Patient data is a crucial element of Medical DSS, and authorized users have access to it through legal frameworks. Software upgrades and clinical guidelines are essential for maintaining the effectiveness of these systems. Health systems and healthcare professionals rely on Medical DSS for drug allergy alerts, prescription decision support, and clinical decision-making. Online services offer additional benefits, such as real-time access to information and the ability to collaborate with other healthcare providers. Overall, Medical DSS plays a vital role in improving the quality and efficiency of healthcare delivery.
The rising prevalence of fatal diseases is notably driving market growth. The global population aged 65 years and above is projected to reach 10% by 2022, according to the World Bank Group. This demographic shift is driving an increase in the prevalence of chronic diseases, such as diabetes, cancer, and cardiovascular disease. Consequently, there is a growing demand for healthcare technologies to aid in diagnosis and treatment. With the rise in chronic conditions and lifestyle disorders, there is a significant need for effective management of medical information to optimize data utilization. Medical Decision Support Systems (MDSS) have gained widespread adoption for disease monitoring, diagnosis, and management. These systems provide personalized medicine, clinical guidelines, and drug allergy alerts, contributing to improved quality of care and better health outcomes. The increasing adoption of MDSS is expected to fuel the growth of the global market for medical decision support systems. Thus, such factors are driving the growth of the market during the forecast period.
Product launches is the key trend in the market. Companies in the Medical Decision Support Systems (MDSS) market are introducing advanced solutions to enhance the quality of care and improve health outcomes in the healthcare industry. For instance, Change Healthcare's latest release of InterQual 2022, a clinical decision support solution, offers updated criteria for emerging trends, restructured and interactive criteria to streamline workflows, and artificial intelligence (AI) to provide proactive insights and efficiency. These features enable personalized medicine, reduce drug allergy alerts, and ensure adherence to clinical guidelines. The increasing number of new and updated MDSS solutions will drive market growth during the forecast period, as healthcare providers continue to prioritize evidence-based care and efficient workflows. Thus, such trends will shape the growth of the market during the forecast period.
High costs associated with MDSS are the major challenge that affects the growth of the market. Medical Decision Support Systems (MDSS) have become increasingly essential in enhancing the quality of care and improving health outcomes. These systems facilitate personalized medicine by providing clinicians with real-time access to patient data, drug allergy alerts, and clinical guidelines. The initial cost of installing an MDSS can be substantial, with annual costs per practice ranging from USD 9,500 for small practices to USD 76,000 for large practices, amounting to a total installation cost of USD 185,927. Approximately 77% of this expense is incurred during the installation phase, covering all preparatory activities for client care. The remaining operating costs include ongoing expenses related to staffing, maintenance, and resources required for the system's day-to-day use. Hence, the above factors will impede the growth of the market during the forecast period
The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ALLSCRIPTS HEALTHCARE SOLUTIONS INC.- The company offers a medical decision support system with machine learning and artificial intelligence.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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 market 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.
The knowledge-based segment is estimated to witness significant growth during the forecast period. Medical Decision Support Systems (MDSS) are advanced tools designed to aid healthcare professionals in making accurate diagnoses and prescribing appropriate treatments for their patients. These systems utilize a knowledge base, an inference engine, and a communication mechanism to deliver insights based on patient data and evidence-based rules. The inference engine applies rules from the knowledge base to patient data, generating alerts, reminders, and prescription recommendations. MDSS can be delivered through cloud-based or on-premise models. Cloud-based systems leverage the computational power and storage space of remote servers, allowing for easy access via web browsers and online services.
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The knowledge-based segment was the largest and was valued at USD 688.60 million in 2018. On the other hand, on-premise systems are installed and managed within healthcare organizations, providing greater control over data security and privacy. Integrated CDSS are designed to work in conjunction with Electronic Health Records (EHRs), enabling seamless access to patient data and facilitating point-of-care consultation. Standalone CDSS can be used independently, offering consultation from virtual sources and patient triage support. MDSS are particularly valuable for managing chronic diseases and geriatric populations, where accurate diagnosis and timely intervention are crucial. WHO data indicates that chronic diseases account for 71% of global deaths and 60% of the world's population lives with at least one chronic disease. Diagnostic testing and novel therapies can significantly improve patient outcomes, making the role of MDSS increasingly important. However, the implementation of MDSS comes with challenges, such as cyberattacks, legal frameworks, software upgrades, and ensuring authorized user access to patient data. Healthcare providers must carefully consider these factors when adopting these systems to optimize their benefits and mitigate potential risks.
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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 (DSS) are advanced tools designed to assist healthcare professionals in making informed diagnoses and treatment decisions for patients. These systems come in various forms, including cloud-based and on-premise solutions. Cloud-based CDSS offers online services, such as integrated CDSS and standalone systems, which enable access to vast amounts of medical data and computational power from virtual sources. Integrated CDSS is linked to Electronic Health Records (EHRs), allowing authorized users to access patient data in real-time. On the other hand, on-premise CDSS are installed within healthcare systems, providing local storage and processing capabilities. Both types offer features like alerts and reminders, prescription decision support, and information retrieval. In the context of medical diagnosis, CDSS utilize WHO data and diagnostic testing results to suggest potential conditions based on patient symptoms and medical history. Chronic diseases, geriatric population, and novel therapies require high accuracy from these systems.
However, concerns regarding cyberattacks and data security remain. Healthcare providers must navigate legal frameworks and ensure software upgrades to maintain the effectiveness of their CDSS. Point of care consultation and medication errors can be minimized with the help of advanced CDSS, making them indispensable tools in today's healthcare landscape. CDSS have proven to be valuable assets for hospitals, healthcare professionals, and office-based physicians, offering consultation from virtual sources and patient triage support. The integration of CDSS into EHRs, such as CDSS-enabled EHRs, further enhances their utility. Ultimately, these systems contribute to improved patient care and outcomes.
The market 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.
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Medical Decision Support Systems (DSS) are advanced technological solutions designed to aid healthcare professionals in making informed decisions during patient consultation. These systems offer Integrated CDSS and Standalone CDSS, with the former being integrated with Electronic Health Records (EHRs) and the latter functioning as independent software. Cloud-based DSS and On-premise DSS are two popular deployment models. Cloud based DSS leverages cloud computing for accessing computational power and storage space, while On premise DSS is installed and operated on local servers. Medical DSS caters to various healthcare needs such as Medical Diagnosis, Alerts and Reminders, Prescription Decision Support, Information Retrieval, Patient Triage, and Consultation. They are beneficial for Health systems, Hospitals, Office based Physician, and Healthcare Professionals.
In addition, the market is driven by the increasing Geriatric population, Chronic diseases, and Diagnostic testing. Cloud computing plays a significant role in the growth of the market due to its accessibility and convenience. However, concerns over Cyberattacks and legal frameworks are potential challenges. Advanced CDSS offers features like novel therapies and point-of-care decision support, making it more sophisticated than conventional CDSS. CDSS enabled EHRs are gaining popularity due to their ability to provide authorized users with patient data for better consultation and medication errors prevention. In conclusion, Medical DSS is a vital tool for healthcare providers, offering accuracy and efficiency in patient care. The market is expected to grow further with continuous software upgrades and the integration of Virtual sources in the system.
Additionally, the market is evolving rapidly with advancements in AI and ML technologies revolutionizing healthcare delivery. These systems integrate hybrid optimization learning algorithm to enhance clinical decision support systems processes, particularly in diagnosing complex conditions like social anxiety disorder. By leveraging electronic health record and cloud-based platforms, MDSS provides evidence based clinical support to office based physicians. The shift towards cloud-based CDSS solutions over their on-premise counterparts underscores the industry's move towards scalability and accessibility. These systems are pivotal in improving diagnostic accuracy, treatment planning, and patient outcomes by offering comprehensive, real-time insights. As healthcare embraces digital transformation, MDSS continues to play a crucial role in facilitating data-driven decisions and optimizing healthcare delivery across diverse medical settings.
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 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, UK, Canada, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, and Wolters Kluwer NV |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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