Pune, India -- (SBWIRE) -- 08/16/2018 -- Technological Innovation Adopted By Key Players Accelerate the Growth of Clinical Decision Support System Market

The major factor such as technological advancement in software integration facilities with other electronic medical record system is expected to fuelling the growth of Clinical Decision Support System Market. In addition, growing the primary healthcare support across the world, growing need of integrated healthcare IT system and rising government funding for the healthcare IT system are also the driving the growth of global clinical decision support market. However, Lack of Interoperability, High maintenance and service expenses hinders the growth of the global clinical decision support market. Emergences of cloud computing and substantial growth in the number of hospital and healthcare facilities adopting several forms of the clinical decision support system in recent time are some of the factor that provide significant growth opportunities for clinical decision support system market in near future. Moreover, the increasing government initiative, to reform the healthcare sector may boost the opportunities for the market in upcoming years.

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North America to expand the CAGR of 11.2%

North America dominates the growth in clinical decision support system market followed by the Europe. Omkar Harne a research analyst at Infinium Global Research quoted that North America is leading region in clinical decision support system market owing to increasing investment from healthcare IT players and early adoption by healthcare service providers. Omkar Harne further stated that Asia pacific is the fastest growing region owing to growing number of chronic diseases and rapid increasing population. Going forward, China, Japan and India holding huge potential for the growth of market.

Allscripts Healthcare Solutions Inc. was acquired by Misys Healthcare Systems, Inc., in a reverse merger transaction

In July 2018, Allscripts Healthcare Solutions, Inc. provides clinical software, connectivity, and information solutions. It provides clinical software solutions, including electronic health record (EHR), electronic prescribing, practice management, emergency department information system (EDIS), hospital care management, and document imaging solutions.

Philips completes acquisition of The Spectranetics Corporation

In August 2017, Royal Philips a global leader in health technology, today announced that it has completed the acquisition of The Spectranetics Corporation. The acquisition is expected to increase revenue growth of the company. The completion of this acquisition will accelerate the realization of Philips company strategic expansion into therapy devices.

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Siemens Healthineers announces acquisition of Fast Track Diagnostics

In Dec 2017, Siemens Healthineers has signed an agreement to acquire Luxembourg-based Fast Track Diagnostics (FTD), a global supplier of molecular diagnostic tests.

The leading key players in the clinical decision support market are Allscripts Healthcare Solutions, Inc. First Databank, Inc., Truven Health Analytics, Cerner, Philips Healthcare, Siemens Healthcare, Optum, Inc. (UnitedHealth Group), GE Healthcare, Epic Systems Corporation Inc.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global clinical decision support system market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of clinical decision support system market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the clinical decision support system market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the clinical decision support system market to understand the present and future trends in this market and formulate their strategies accordingly.