Patient Safety and Risk Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Patient Safety and Risk Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3520
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Market Overview:

The global patient safety and risk management software market is expected to exhibit a CAGR of 11.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Patient safety and risk management software offers innovative tools to protect hospitals against administrative, clinical, and financial losses. It assists in collecting data consistently, adding structure to internal compliance processes, and capturing visitor feedback to manage expectations and resolve concerns timely. It relies on sophisticated analytics to transform complex data into understandable and actionable information. Presently, healthcare institutes worldwide are using patient safety and risk management software to reduce deaths caused by human error and lack of transparency in medical records.

The growing prevalence of chronic conditions and the rising access to healthcare services across the globe are increasing the burden of medical data. This represents one of the key factors escalating the demand for patient safety and risk management software worldwide to collect data, automate processes, and reduce medical errors efficiently and securely. Moreover, the leading players are delivering software via a cloud-based infrastructure to enhance the accuracy, speed, and actionability of data. The rising instances of cybersecurity threats are also positively influencing the demand for cloud-based software to enable organizations to adapt to industry uncertainties, reduce third-party risk and provide quality care, which is fueling the market growth. Apart from this, several companies are integrating big data and smart analytics with extensive support services to streamline data collection, automate communication, and make better strategic decisions. As patient safety and risk management software is flexible, scalable, modular, secure, user-friendly, and can be used anywhere, its demand is anticipated to rise in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global patient safety and risk management software market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on software type, deployment mode and end user.

Breakup by Software Type:

  • Risk Management and Safety Solutions
  • Claims Management Software
  • Governance, Risk and Compliance Solutions
     

Breakup by Deployment Mode:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
     

Breakup by End User:

  • Hospitals
  • Ambulatory Care Centers
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Clarity Group Inc., Conduent Inc., Health Catalyst Inc., Medical Information Technology Inc., Prista Corporation, Quantros Inc., Riskonnect Inc., RiskQual Technologies, RLDatix Ltd. and The Patient Safety Company (Symplr).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Software Type, Deployment Mode, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Clarity Group Inc., Conduent Inc., Health Catalyst Inc., Medical Information Technology Inc., Prista Corporation, Quantros Inc., Riskonnect Inc., RiskQual Technologies, RLDatix Ltd. and The Patient Safety Company (Symplr)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global patient safety and risk management software market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global patient safety and risk management software market?
  • What are the key regional markets?
  • What is the breakup of the market based on the software type?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global patient safety and risk management software market and who are the key players?
  • What is the degree of competition in the industry?

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Patient Safety and Risk Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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