South Korea Clinical Decision Support Systems Market Size & Outlook
South Korea clinical decision support systems market, 2018-2030 (US$M)
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South Korea clinical decision support systems market highlights
- The South Korea clinical decision support systems market generated a revenue of USD 131.3 million in 2023 and is expected to reach USD 334.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
- In terms of segment, standalone cdss was the largest revenue generating product in 2023.
- Integrated EHR with CDSS is the most lucrative product segment registering the fastest growth during the forecast period.
Clinical decision support systems market data book summary
| Market revenue in 2023 | USD 131.3 million |
| Market revenue in 2030 | USD 334.0 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Standalone cdss |
| Fastest growing segment | Integrated EHR with CDSS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standalone CDSS, Integrated CPOE with CDSS, Integrated EHR with CDSS, Integrated CDSS with CPOE and EHR |
| Key market players worldwide | McKesson Corp, Oracle Corp, Siemens Healthineers AG ADR, Allscripts Healthcare, NextGen Healthcare, Koninklijke Philips NV, International Business Machines Corp, Agfa-Gevaert NV, Wolters Kluwer NV, Athenahealth |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global clinical decision support systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China clinical decision support systems market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 252.3 million by 2030.
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Clinical Decision Support Systems Market Scope
Clinical Decision Support Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea clinical decision support systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical decision support systems market will help companies and investors design strategic landscapes.
Standalone cdss was the largest segment with a revenue share of 29.63% in 2023. Horizon Databook has segmented the South Korea clinical decision support systems market based on standalone cdss, integrated cpoe with cdss, integrated ehr with cdss, integrated cdss with cpoe and ehr covering the revenue growth of each sub-segment from 2018 to 2030.
Growing incidence of medication errors is the major driver fueling the South Korea’s CDSS market which is followed by government support & initiatives such as increasing prominence & usage of big data & mHealth tools, high returns on investment for CDSS solutions, high prevalence of chronic diseases, growth in adoption of cloud computing in healthcare and partnerships between clinical decision support companies & medical research groups.
Watson for Oncology (WfO) is a clinical decision support system which is driven by AI. In Korea, WfO is majorly used by Multidisciplinary Teams (MDTs), caring for cancer patients. When WfO was used, the probability of positive change in patient perception of the hospital was 2.53 times higher than when WfO was not used.
With a one-point increase in overall satisfaction, the probability of positive change in patient perception of the hospital increased 1.97 times. Therefore, if WfO is used appropriately in the medical field, as it enhances the patient satisfaction and change patient perception positively.
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Our clientele includes a mix of clinical decision support systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea clinical decision support systems market , including forecasts for subscribers. This country databook contains high-level insights into South Korea clinical decision support systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea clinical decision support systems market size, by product, 2018-2030 (US$M)
South Korea Clinical Decision Support Systems Market Outlook Share, 2023 & 2030 (US$M)
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