The Asian Knowledge-based/Evidence-based Clinical Decision Support System market is expected to reach around $31.7 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 25, 2014 -- The Asian Knowledge-based/Evidence-based Clinical Decision Support System (CDSS) market report defines and segments the market in Asia with analysis and forecast of revenue. The knowledge-based/evidence-based CDSS market in Asia is expected to reach around $31.7 million by 2018, at a developing CAGR of 8.5% from 2013 to 2018.
Browse through the TOC of the Asian 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 market segmentation, and is supported by various tables and figures.
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The knowledge-based/evidence-based CDSS is used to decrease the rate of medication errors, and increase the quality and efficiency of dispensing medication. The hospital information systems are installed on a large-scale in Asia, and they include Electronic Health Records (EHR), Computerized Physician Order Entry (CPOE) Systems, Laboratory Information Systems (LIS), Patient Information Sheets (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 to offer personalized medicine at the point of care.
The Asian healthcare industry is undergoing transformation from paper-based to a digitized system. The major factors influencing this trend are consumer-driven healthcare systems, rise in the number of outpatient visits, cost of treating chronic diseases, increasing disposable incomes, and affordable healthcare costs. As a result, a paradigm shift is noticed, which has transformed acute care to point-of-care, while implementing healthcare IT solutions; mainly EHR with CDSS and CPOE capability.
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The countries actively adopting integrated CDSS solutions are Japan, China, India, and South Korea. The Indian CDSS market is still at a nascent stage, whereas Japan, China, and South Korea are lucrative markets for investors. The CDSS market in Japan is likely to rise due to the upsurge in lifestyle-related diseases such as obesity, cardiac disorders, stroke, cancer, and depression. The government initiatives such as e-Japan policy, New IT Reform Strategy, and iJapan Strategy 2015 will give impetus to the CDSS market and evidence-based CDSS solutions in Japan. The increasing aging population and age-related diseases will stimulate the demand for EHR with CDSS module solution or evidence-based CDSS solutions in Japan.
China’s healthcare system is accelerating at a fast pace; its healthcare expenditure was approximately 5.8% of its GDP in 2011, that is, $357.0 billion and is estimated to reach $1.0 trillion by 2020. The Chinese central government allocated $1.5 billion in 2011 to promote use of healthcare information technology in hospitals, majorly hospital information systems like knowledge based CDSS,
EHR, and others.
Growing medical tourism in India will also propel the healthcare IT market. Currently, India attracts 50,000 foreign patients each year. The growing medical tourism will increase the flow of patients to hospitals, and increase the burden on healthcare organizations to manage the flow of data. Hence, it has become necessary for healthcare organizations to integrate IT solutions in order to manage clinical workflow. To combat this situation, healthcare providers look towards integration of EHR with CDS modules or integration of knowledge based/evidence-based CDSS software.
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This market is segmented and forecast on the basis of components and deployments of knowledge-based/evidence-based CDSS market in the Asian 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 Japan, China, and India. The market is also segmented and analyzed further on the basis of 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 market is the increasing demand for analytical IT solutions that help in point-of-care decision making. The implementation of such solutions has resulted into reduction of cost and improvement in the quality of care provided. Other factors responsible for the growth of the market are the increasing government initiatives and introduction of various incentive plans for healthcare providers.
The North American knowledge-based CDSS market report also provides an extensive competitive landscaping of companies operating in this market. Meditech is the North American knowledge-based CDSS market leader followed by major players like Cerner Corporation, Athenahealth, Inc., McKesson Corporation, and Zynx Health Incorporated.
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