CLINICAL DECISION SUPPORT SYSTEMS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


CDSS Market Analysis:

The market for clinical decision support systems (CDSS) was valued at approximately USD 1,686.3 million during the base year, and it is projected to reach USD 2,819.50 million over the forecast period, exhibiting a compound annual growth rate (CAGR) of nearly 9.4% during the same period.

In the wake of the COVID-19 pandemic, the healthcare systems of nations have become increasingly reliant on online services. Healthcare professionals have been conducting consultations with patients through virtual means, primarily due to the stringent lockdown regulations imposed by various governments during the initial stages of the pandemic. Furthermore, clinical decision support systems have played a crucial role in supporting patient resources and services in light of the COVID-19 outbreak worldwide. For example, an article published in the Journal Plos One in March 2021 emphasized the importance of developing decision support tools for real-time clinical diagnosis of COVID-19 to aid in patient triage and resource allocation for at-risk patients. The growing trend of providing online services in several countries has further bolstered the market. Additionally, various market players have launched clinical decision support systems for the management of COVID-19 data and insights. For instance, in May 2022, Epocrates introduced an innovative long COVID-19 tool that incorporates the latest updates to expand the library of clinical decision support guidelines. Thus, the increased adoption and launch of clinical decision support systems have propelled the market’s growth during the pandemic.

The increasing demand for reducing healthcare expenditure, the need for enhancing the quality of care, and technological advancements in healthcare IT in hospitals are the primary factors expected to drive the growth of the clinical decision support systems (CDSS) market.

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