Global Clinical Decision Support System (CDSS) Market Set for Lucrative Growth in Coming Years

The global CDSS Market was valued at $410.5 million in 2015, and it is expected to grow at a CAGR of 21.5% during 2016-2022.

The burgeoning requirement for advanced healthcare information systems, soaring investments being made by HIT players, the rising demand for remote patient monitoring services, and the ballooning support from various government agencies and organizations are the main factors driving the expansion of the global clinical decision support system (CDSS) market. According to the estimates of P&S Intelligence, a market research firm based in India, the market would grow exponentially in the coming years.

One of the biggest factors fueling the advancement of the CDSS market is the soaring geriatric population across the world. According to the global aging population report published by United Nations Department of Economic and Social Affairs (UNDESA), the global population of the people aged 60 years and above is increasing rapidly. The share of geriatric people in the global population was 9.2% in 1990 and it is predicted to rise to 11.7% in 2013.

Furthermore, the organization predicts that this share would grow to 21.1% by the end of 2050. The other major factors driving the progress of the market are the rising incidence of chronic diseases and the lack of proper healthcare facilities in the remote regions of developing countries. Globally, the CDSS market recorded significantly high growth in North America in the past and this trend is likely to continue in the future years.

Furthermore, the market is predicted to exhibit lucrative growth in Europe in the forthcoming years. This would be a result of the surging geriatric population and the growing incidence of chronic diseases in the region. The market will also record substantial progress in Asia-Pacific (APAC) in future, mainly on account of the rising occurrence of various chronic diseases, soaring investments being made in healthcare IT, and the increasing population of aging people in the region.

Source: P&S Intelligence

Thus, it is safe to say that the market is set for prosperous growth all over the world in the coming years, primarily because of the surging geriatric population, the rising incidence of various chronic and lifestyle-associated diseases, huge investments being in advanced healthcare technologies, and the growing adoption of technologically advanced and innovative systems in healthcare settings across the world.

Author's Note

This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings