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Patient Safety and Risk Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global patient safety and risk management software market grew at a CAGR of around 10% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026. 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, along with forecasts at the global, regional and country level from 2021-2026. 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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Patient Safety and Risk Management Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Software Type
    6.1    Risk Management and Safety Solutions
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Claims Management Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Governance, Risk and Compliance Solutions
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Deployment Mode
    7.1    Public Cloud
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Private Cloud
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Hybrid Cloud
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Hospitals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Ambulatory Care Centers
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Clarity Group Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Conduent Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Health Catalyst Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Medical Information Technology Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Prista Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Quantros Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Riskonnect Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    RiskQual Technologies
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    RLDatix Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    The Patient Safety Company (Symplr)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Patient Safety and Risk Management Software Market: Major Drivers and Challenges
Figure 2: Global: Patient Safety and Risk Management Software Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Patient Safety and Risk Management Software Market: Breakup by Software Type (in %), 2020
Figure 5: Global: Patient Safety and Risk Management Software Market: Breakup by Deployment Mode (in %), 2020
Figure 6: Global: Patient Safety and Risk Management Software Market: Breakup by End User (in %), 2020
Figure 7: Global: Patient Safety and Risk Management Software Market: Breakup by Region (in %), 2020
Figure 8: Global: Patient Safety and Risk Management Software (Risk Management and Safety Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Patient Safety and Risk Management Software (Risk Management and Safety Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Patient Safety and Risk Management Software (Claims Management Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Patient Safety and Risk Management Software (Claims Management Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Patient Safety and Risk Management Software (Governance, Risk and Compliance Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Patient Safety and Risk Management Software (Governance, Risk and Compliance Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Patient Safety and Risk Management Software (Public Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Patient Safety and Risk Management Software (Public Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Patient Safety and Risk Management Software (Private Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Patient Safety and Risk Management Software (Private Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Patient Safety and Risk Management Software (Hybrid Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Patient Safety and Risk Management Software (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Patient Safety and Risk Management Software (Hospitals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Patient Safety and Risk Management Software (Hospitals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Patient Safety and Risk Management Software (Ambulatory Care Centers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Patient Safety and Risk Management Software (Ambulatory Care Centers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Patient Safety and Risk Management Software (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Patient Safety and Risk Management Software (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia-Pacific: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia-Pacific: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: Patient Safety and Risk Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: Patient Safety and Risk Management Software Market: Breakup by Country (in %), 2020
Figure 74: Middle East and Africa: Patient Safety and Risk Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Global: Patient Safety and Risk Management Software Industry: SWOT Analysis
Figure 76: Global: Patient Safety and Risk Management Software Industry: Value Chain Analysis
Figure 77: Global: Patient Safety and Risk Management Software Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Patient Safety and Risk Management Software Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Patient Safety and Risk Management Software Market Forecast: Breakup by Software Type (in Million US$), 2021-2026
Table 3: Global: Patient Safety and Risk Management Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2021-2026
Table 4: Global: Patient Safety and Risk Management Software Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 5: Global: Patient Safety and Risk Management Software Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Patient Safety and Risk Management Software Market: Competitive Structure
Table 7: Global: Patient Safety and Risk Management Software Market: Key Players

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