Clinical Decision Support Systems Market

The global clinical decision support systems (CDSS) market is projected to reach USD 2.5 billion by 2028 from USD 1.7 billion in 2023, at a CAGR of 7.5% during the forecast period. Factors such as the implementation of government regulations, growing adoption of CDSS-enabled EHRs, and increasing collaborations and partnerships between stakeholders are driving the growth of this market. However, huge investment requirements for the implementation of CDSS and inadequate interoperability coupled with increasing data security concerns are factors expected to restrain the growth of this market during the forecast period.

The prominent players in clinical decision support systems (CDSS) market are Wolters Kluwer N.V. (Netherlands), Oracle (US), Merative (US), Change Healthcare (US), Veradigm Inc. (US), athenahealth (US), Epic Systems Corporation (US), Elsevier B.V. (Netherlands), Zynx Health (US), Koninklijke Philips N.V. (Netherlands), Medical Information Technology, Inc. (US), NextGen Healthcare, Inc. (US), CureMD Healthcare (US), Siemens Healthineers (Germany), EBSCO Information Services (US), GE HealthCare (US), eClinicalWorks (US), The Medical Algorithms Company (UK), RAMPmedical (Germany), Hera-MI (France), CareCloud, Inc. (US), VisualDx (US), Premier, Inc. (US), First Databank, Inc. (US), and Strata Decision Technology (US). These players are increasingly focusing on new product launches & enhancements, partnerships, expansions, agreements, acquisitions, collaborations to expand their product offerings in the clinical decision support systems market.

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Wolters Kluwer N.V.  (Netherland) provides drug information software, POC tools, bibliographic & reference databases, web-based information systems, and online education products that support the delivery of health information. The company’s core competency lies in its evidence-based and physician-authored clinical decision support resources.

The company’s health portfolio is focused on clinical decision support, clinical drug information, patient engagement, clinical terminologies, clinical surveillance, nursing education, nursing practice solutions, medical research, and continuing medical education, among other products and solutions. UpToDate is the clinical decision support tool offered by Wolters Kluwer Health. It is a Trusted clinical technology and evidence-based solutions that drive effective decision-making and outcomes across healthcare. Specialized in clinical effectiveness, learning, research and safety.

The company offers healthcare solutions in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide.

Oracle (US)  ranks second in the market and is a leading provider of healthcare information technology (HCIT) solutions and support & maintenance services. In June 2022, Oracle (US) acquired all the outstanding Cerner shares and effectuated the merger of Cerner with and into a wholly-owned subsidiary of Cerner and Cerner became an indirect, wholly-owned subsidiary of Oracle Cerner Corporation. The company Oracle Cerner healthcare, which is created to allow medical professionals to deliver better healthcare to individual patients and communities.The company assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers a connected clinical and financial ecosystem to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial, and operational needs, focused on people.. Through the acquisition of Cerner, the company enhanced offerings of each of three existing businesses, cloud and license, hardware, and services. The company has a presence in North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Along with understanding customer needs, the company has strong relationships with existing suppliers, contributing to its strong supply chain in the market.

Merative (US) is also the leading player in the clinical decision support systems market. Merative was formerly known as IBM Watson Health and underwent a transition to become a separate entity under the ownership of Francisco Partners in 2022. Merative is a data, analytics, and technology partner for the global health industry – including providers, payers, life sciences companies and governments. The company operates through their solution areas, namely, clinical decision support, clinical development, enterprise imaging, healthcare analytics, health and human services, real-world evidence, and enterprise imaging. The company offers clinical decision support system products through clinical decision support solution. This offers solutions that give the entire care team - including physicians, nurses, and pharmacists - the information they need to make informed medical decisions at the point of care.

Related Reports:

Clinical Decision Support Systems (CDSS) Market by Component (Services, Software), Delivery (On-premise, Cloud), Product (Standalone, Integrated), Application (Advanced, Therapeutic, Diagnostic), Interactivity (Active, Passive) - Global Forecasts to 2028

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