The European Knowledge-based/evidence based Clinical Decision Support System (CDSS) market is expected to reach $55.9 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 22, 2014 -- The European Knowledge-based/evidence based Clinical Decision Support System (CDSS) market report defines and segments the concerned market in Europe with analysis and forecast of revenue. The knowledge-based/evidence based CDSS market in Europe is expected to reach around $55.9 million by 2018, at a developing CAGR of 7.4% from 2013 to 2018.
Browse through the TOC of the European knowledge-based clinical decision support system (CDSS) market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market in the same region, and is supported by various tables and figures.
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The knowledge-based CDSS is used to decrease the rate of medication errors, and increase the quality and efficiency. The hospital information systems are installed on a large-scale in Europe, and they include Electronic Health Record (EHR), Computerized Physician Order Entry (CPOE), Laboratory Information System (LIS), Patient Information Sheet (PIS), and diagnostic imaging solutions. These solutions are specifically used to collect, store, and retrieve historical and current data, thereby creating the need for solutions that can analyze large amounts of information and recommend better solutions to patients. To meet this need, the clinical decision support system (CDSS) was introduced as an efficient solution that can offer personalized medicine at the point of care.
The European knowledge-based CDSS is expected to grow, and reduce the healthcare expenditure. Healthcare IT solutions such as EHR, and CDSS have evolved as prominent solutions, by reducing the demand-supply gap. The rise in adoption of EHR in this region will ultimately stimulate the adoption of the clinical database system that helps physicians make accurate decisions at point-of-care. The seven-stage model of EMR adoption is widely used in European countries which utilizes advanced version of knowledge based CDSS.
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Some favorable initiatives by the European Commission such as eGovernment action plan 2011-2015 will encourage the healthcare IT systems such as CDSS. The eEurope action plan covers online health plans, health cards, and health information networks to foster the development of healthcare IT solutions among the citizens, which in turn is likely to affect the knowledge-based CDSS market.
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This market is segmented and forecast on the basis of components and deployments of knowledge-based CDSS market in the European region. On the basis of products, the market is divided as integrated and standalone knowledge-based/evidence based CDSS market. The components comprise hardware, software and services, while the deployments are on-premise, cloud-based and web-based. The market is further segmented and forecast on the basis of major countries, such as Germany, France, Italy, U.K., and Spain. The market is also segmented and analyzed further on the basis of the major application and end-users.
This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies of the market.
Related Reports :
North American Knowledge-based/Evidence based Clinical decision support systems (CDSS) Market
The North American knowledge-based CDSS market was valued at $177 million in 2012, and expected to reach $283 million by 2018, at a CAGR of 7.8%.
The report ‘North American Knowledge-based CDSS Market forecast, 2012-2020’ analyzes the market by sub-segments integrated knowledge-based CDSS and standalone knowledge-based CDSS. Integrated CDSS accounted for about 70% of the total market. The North American knowledge-based CDSS market can also be segmented based upon components into hardware, software, and services.
North America is the global leader in the knowledge-based CDSS market due to advancement in technology and higher awareness rate among st patients. North America is a huge market, accounting to almost 70% of the total market. The U.S. accounted for 90% of the total North American knowledge-based CDSS market.
The major driver for the North American knowledge-based CDSS mark
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