HOME › Research Insight › Clinical Decision Support System (CDSS) Market is highly consolidated with the top 5 players occupying more than 70% of the cumulative share
Clinical Decision Support System (CDSS) Market is highly consolidated with the top 5 players occupying more than 70% of the cumulative share
The key players in the global CDSS market are Agfa Healthcare (Belgium), athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Carestream Health, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), McKesson Corporation (U.S.), MEDITECH (U.S.), NextGen Healthcare Information System LLC (U.S.), Novarad Corporation (U.S.), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Wolters Kluwer (U.S.), and Zynx Health (U.S.).
MEDITECH has emerged as the market leader in the global CDSS market and is likely to maintain its leadership position in the coming years. MEDITECH entered the hospital information system market in 1969. The company has a broad product portfolio which includes Health Information Management, Revenue Cycle management, Scanning and Archiving, Scheduling and Referral Management, Emergency Department Management, Cost Accounting, Data Repository, General Accounting, Human Resource Planning, Supply Chain Management, Operating Room Management, Patient Discharge Instructions, Long Term Care Solutions, Behavioral Health Solutions, and Home Health Solutions. It holds a strong position in the CDSS market by introducing various hospital information systems such as electronic health records, Physicians Care Manager Solutions, Emergency Department Management Solutions, and Provider Order Management Solutions. These solutions are integrated with evidenced-based order sets offered by Zynx Healthcare, which check various functions including drug-drug interaction, drug-allergy, and food-drug allergy. To gain the maximum market share, the company has been aggressively adopting the strategy of agreements, collaborations, and partnerships with third party vendors. Until now, the company has partnered with Zynx Health, Thomson Reuters, Patient EDU, and EBSCO Publishing.
New product launches, coupled with product enhancement was the predominant growth strategy followed by players in this market. Since the healthcare industry has been apprehensive towards adopting IT and technology, vendors are aiming to increase the awareness about their products and offer easy-to-use solutions to healthcare providers. New product launches accounted for a 58% share of the total developments in this market; collaborations, agreements, and partnerships accounted for the second largest share of 35%. During 2011 to 2013, the industry witnessed 13 different agreements and collaborations between players; whereas, 24 new products were launched in the market in the same period. For instance, in February 2013, MEDITECH, along with Zynx Healthcare, launched a new product named ZynxInside Plans of Care. Similarly, in March 2013, Wolters Kluwer Health modified its existing UpToDate CDSS solution by adding dermatology, psychiatry, and general surgery to its medical specialties module of CDSS. In September 2013, Cerner signed a reseller agreement with Elsevier, a leading provider of scientific, technical, and medical information products and services. Under this agreement, Cerner will integrate Elsevier's evidence-based clinical content into its PowerChart electronic health record (EHR).
Thus, these growth strategies, mainly, new product development and agreements & partnerships enabled key players to gain a maximum share in the market.
Clinical Decision Support System (CDSS) Market [By Product - Integrated (EHR, CPOE)], Model (Knowledge-based), Applications (Drug Allergy Alerts, Drug Interactions), Delivery Mode (Web-based, Cloud-based), Component (Hardware, Software)] - Global Forecast to 2018
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