The knowledge-based CDSS market in Asia is expected to reach around $31.7 million by 2018


Posted October 16, 2014 by tonypandrew

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 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.

http://www.micromarketmonitor.com/market/asia-knowledge-based-evidence-based-cdss-8162551247.html

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.
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.
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.
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Issued By MicroMarket Monitor
Country United States
Categories Health
Tags asian knowledgebased clinical decision support system market
Last Updated October 16, 2014