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Patient Safety and Risk Management Solutions Market Worth $2.2 Billion by 2024
  • USA - English

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News provided by

MarketsandMarkets

Aug 26, 2019, 10:30 ET

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CHICAGO, Aug. 26, 2019 /PRNewswire/ -- According to the new market research report "Patient Safety and Risk Management Software Market by Type (Risk Management, Governance, Risk & Compliance, Claims Management), Deployment Mode (Cloud, Public, Private), End-User (Hospital, Ambulatory Care, Pharmacy), Region - Global Forecasts to 2024 ", published by MarketsandMarkets™, the Patient Safety and Risk Management Solutions Market is projected to reach USD 2.2 billion by 2024 from USD 1.3 billion in 2019, at a CAGR of 11.2% during the forecast period. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231628922

The rising need to reduce increasing healthcare costs and the implementation of government initiatives to improve patient safety & patient outcomes are the major factors driving the growth of this market. 

"The risk management & safety solutions segment is expected to dominate the market in 2019."

Based on type, the Patient Safety and Risk Management Solutions Market is segmented into risk management & safety solutions, claims management solutions, and governance, risk & compliance solutions. The risk management and safety solutions segment is expected to account for the largest share in 2019.

The large share of this segment can be attributed to the high adoption of these solutions as they help providers to streamline workflows and remove most of the administrative tasks associated with adverse events, resulting in additional time for patient care and quality improvement.

Browse in-depth TOC on "Patient Safety and Risk Management Solutions Market"

65 - Tables

25 - Figures

120 - Pages

"By end-user, the healthcare payers segment is expected to grow at the highest CAGR during the forecast period."

Based on end-user, the Patient Safety and Risk Management Solutions Market has been segmented into hospitals, long-term care centers, ambulatory care centers, pharmacies, and other end-users (primary care providers, ambulance services, pathology laboratories, and mental healthcare centers. The ambulatory care centers segment is expected to grow at the highest CAGR during the forecast period.

The rising need to minimize delayed diagnoses, reduce healthcare associated infections, and ensure mediation safety is expected to drive the growth of the ambulatory care centers segment.

Get 10% Customization Research Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231628922

"North America to hold the largest regional market share in 2019."

North America is expected to account for the largest share of the patient safety and risk management software market in 2019, followed by Europe. The large share of North America can be attributed to the favorable regulations (such as Patient Safety Act and Patient Protection and Affordable Care Act) combined with the high healthcare IT spending in the region, and greater adoption of patient safety and risk management solutions.

The prominent players in this market are RLDatix (Canada), Verge Health (US), Riskonnect Inc. (US), Clarity Group Inc. (US), RiskQual Technologies (US), The Patient Safety Company (Netherlands), Quantros Inc. (US), Prista Corporation (US), Smartgate Solutions Ltd. (UK), and Conduent Inc. (US).

Browse Adjacent Markets @ Healthcare IT Market Research Reports & Consulting

Browse Related Reports:

Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health Management, Supply Chain Management, CRM, Fraud Management, Claims Management) End User (Provider, Payer) - Global Forecast to 2024

Healthcare Quality Management Market by Software (Business Analytics, Physician Quality Reporting) Delivery Mode (Cloud, On-Premise) Application (Data Management, Risk Management) End User (Hospital, Ambulatory Center, Payer) - Global Forecast to 2022

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Content Source:
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SOURCE MarketsandMarkets

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