Europe CDSS Market

Europe CDSS Market Size (2023 to 2028)

The size of the Europe CDSS market is forecasted to be growing at a CAGR of 14.02% between 2023 to 2028.

Y-O-Y rise in the adoption of CDSS software, growing demand for healthcare IT solutions, and the rising number of government measures from the European countries are majorly accelerating the European CDSS market. Growing investments from the government and other private organizations to develop healthcare service management and technological advancements further promote the European CDSS market. Booming IT trends such as AI, IoT, big data, and others are improving healthcare facilities, and rising per-capita healthcare expenses also add fuel to the market's growth rate.

The growing number of collaborations and partnerships among the market participants and the growing adoption of mHealth and big data tools are a plus to the Europe CDSS market growth. The technological developments in the software integration services with electronic medical record systems and the rising significance of the utilization of big data are expected to promote the European CDSS Market.

However, the funds and investments required for fulfilling the clinical decision support system (CDSS) and the deficit of interoperability and data security issues are restraining the growth rate of the Europe CDSS Market during the forecast period.

Impact of COVID-19 on the Europe CDSS Market:

The COVID-19 pandemic has brought several changes to the healthcare landscape, causing the increasing need for social distancing in physicians and patients. Various competitors in the CDSS market have invented COVID-19 concerned features into their current EHRs, making them free of costs. Moreover, medical practices of all sizes are under colossal pressure, and healthcare facilities worldwide have been overcome by many patients visiting them daily. The widespread disease around the globe has resulted in insufficient hospital beds and healthcare workers. Moreover, the demand for connected medical devices and vital signs monitoring is driving the market. The need for EMR and EHR platforms is increasing to monitor complex patient data due to rising patient volumes.

This market research report on the Europe CDSS market has been segmented and sub-segmented into the following categories.

By Component:

• Hardware
• Software
• Services

By Delivery Mode:

• Cloud-based
• On-premise

By Product:

• Standalone CDSS
• Integrated CDSS

By Type:

• Therapeutic CDSS
• Diagnostic CDSS

By Model:

• Knowledge-based CDSS
• Non-Knowledge-based CDSS

By User Interactivity:

• Active CDSS
• Passive CDSS

By Application:

• Conventional CDSS
• Advanced CDSS

By Setting:

• Inpatient Settings
• Ambulatory Care Settings

By Region:

• United Kingdom
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Rest of Europe

Geographically, the European CDSS market had accounted for a market share of 32% in the global CDSS market in 2022 and is expected to grow at a healthy rate throughout the forecast period.

In the European market, the German CDSS market is predicted to lead the market during the forecast period. The German CDSS market is primarily driven by the Y-O-Y growth in the incidence of chronic diseases and baby boomers. Growing government measures to amend the healthcare sector in Germany are expected to offer lucrative opportunities. Siemens Healthcare is one of the key market participants in the German CDSS market. In October 2017, Siemens Healthcare announced its acquisition of Medical is Corporation to expand the tools to supply hospital and healthcare systems to manage with population health initiatives.

The UK CDSS market is expected to be another lucrative regional market in the European market due to the rising adoption rate of advanced healthcare IT solutions such as HER.

KEY MARKET PLAYERS:

Siemens Healthcare, Allscripts Healthcare Solutions, Inc., Cerner Corp., Epic Systems Corp., IBM Corp., InterSystems Corp, Koninklijke Philips N.V., Nuance Communications, Inc., and Oracle Corp are some of the noteworthy companies in the European CDSS market.