Clinical Decision Support Systems Market Seen Soaring 8.9% Growth to Reach USD 9,900.69 Million by 2030, Projects Univdatos Market Insights
- Himanshu Patni
- November 17, 2023
- HEALTHCARE, NEWS
- Clinical Decision Support Systems Market, Clinical Decision Support Systems Market Share, Clinical Decision Support Systems Market Size, Clinical Decision Support Systems Market Trends
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According to a new report by Univdatos Market Insights, Clinical Decision Support Systems Market is expected to reach USD 9,900.69 Million in 2030 by growing at a CAGR of 8.9%. Improvements in internet infrastructure and the growing adoption of electronic health records (EHRs) enable seamless communication and data sharing between healthcare professionals and systems. This connectivity facilitates real-time access to patient data, medical research, and best practices, enhancing the efficiency of CDSSs and ultimately improving clinical decision-making. The integration of AI and ML into CDSSs holds the promise of improving patient outcomes and reducing the burden on healthcare systems by optimizing resource allocation.
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The report suggests that the Development of Big Data and mHealth Tools is one of the major factors driving the clinical decision support systems market during the forthcoming years. Developing CDSS as mobile apps provides real-time decision support to clinicians, extending the reach of these systems. By offering real-time decision support to clinicians through mobile platforms, CDSS can significantly extend its reach and impact. This approach capitalizes on the widespread use of smartphones and tablets among healthcare professionals, enabling them to access vital clinical insights and recommendations wherever they are. The portability and convenience of mobile apps enhance workflow efficiency and streamline patient care, allowing for timely interventions and informed decision-making at the point of care. Furthermore, the integration of CDSS into mobile apps can facilitate seamless collaboration among healthcare teams, fostering interdisciplinary communication and reducing the risk of errors and hence will drive the demand for the clinical decision support systems market over the forecast period.
Fig1: The Rise of Telemedicine and Remote Care
Apart from this, growing technological advancements including big data analytics, internet of things, artificial intelligence, and virtual reality, amongst others in clinical decision support systems also positively impact the market’s growth. A wide range of investments have adopted strategic alliances in this area, thus suggesting huge potential in this area. Some of the recent strategic alliances are:
· Apr 18, 2023: UW Health using Microsoft AI in Epic Systems medical records
· Apr 17, 2023: Microsoft Corp. and Epic announced they are expanding their long-standing strategic collaboration to develop and integrate generative AI into healthcare by combining the scale and power of Azure OpenAI Service1 with Epic’s industry-leading electronic health record (EHR) software.
· Mar 21, 2023: Northwell signs agreement with Epic for next-generation EHR
· Mar 20, 2023: Northwell selects Epic to deliver next-generation electronic health record
· Mar 1, 2023: Press Ganey announced an agreement with Epic to collaborate on the deep integration of patient experience data into its more than 300 million patient records.
· Nov 17, 2022: Health IT giant Epic Systems and Google Cloud have signed a deal allowing organizations utilizing Epic Systems to run their EHR workloads on Google Cloud, which aims to accelerate healthcare digital transformation.
· Oct 11, 2022: Adaptive Biotechnologies Corporation announced a partnership with Epic to integrate the clonoSEQ Assay into Epic’s comprehensive electronic medical record (EMR) system.
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GOVERNMENT COMMITMENTS
In February 2021, the UK government launched an initiative to adopt a fully connected cloud-driven health service. Under this initiative, over 2 million National Health Services (NHS) mailboxes were moved to Microsoft’s Azure Cloud.
Optimizing Strategies
ONC collaborated with the National Academy of Medicine (NAM) to engage key experts and develop a series of strategies and recommendations to optimize CDS in support of improved care.
FDA Clearance
Section 3060(a) of the 21st Century Cures Act (Cures Act), enacted on December 13, 2016, amended section 520 of the Federal Food, Drug & Cosmetic Act (FD&C Act) to exclude certain medical software functions, including certain decision support software, from the definition of a device under section 201(h) of the FD&C Act.
Conclusion
The clinical decision support systems market is expected to experience significant growth in the coming years due to various factors such as the increasing adoption of EHRs, the growing need for evidence-based decision-making, and the need to reduce healthcare costs. The integration of AI and ML into CDSSs holds the promise of improving patient outcomes and reducing the burden on healthcare systems by optimizing resource allocation. Additionally, the development of big data and mHealth tools is also driving market growth. The growing demand for real-time decision support to clinicians through mobile platforms is expected to drive the demand for CDSS as mobile apps. The integration of CDSS into mobile apps can facilitate seamless collaboration among healthcare teams, fostering interdisciplinary communication and reducing the risk of errors, which will drive the demand for the clinical decision support systems market over the forecast period.
