Patient Safety and Risk Management Software Market
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The patient safety and risk management solutions market is estimated to grow at a CAGR 10.64% rate during the forecast period. The rising need to curtail healthcare costs, increasing incidences of medical errors & hospital-acquired infections, and growing government initiatives to improve patient safety and patient outcomes are key drivers of this market. On the other hand, the dearth of in-house IT expertise and the reluctance of healthcare providers to adopt new methods of management are expected to restrain the growth of the market to a certain extent during the forecast period.
Governance, risk, & compliance (GRC) solutions is expected to grow at the highest rate during the forecast period. The high growth of this segment is attributed to the increasing number of adverse events to patients across the globe and the effective utilization of GRC solutions. GRC solutions provide safe, high-quality care to patients while maintaining compliance with industry standards and regulations.
Ambulatory care centers is projected to grow at the highest rate during the forecast period. The high growth rate of this segment can be attributed to the rising need to minimize the risk associated with patient harm. In addition, implementation of software is vital for ambulatory care centers as it helps them in the effective management of patient safety events.
The APAC region is expected to grow at the fastest rate during the forecast period. The growth is driven by the increasing patient population in this region, rapid return on investment (ROI), and rising government initiatives to improve the patient safety & patient outcomes in healthcare. Several healthcare organizations in Asia are actively moving towards digitization to streamline their entire workflow and ensure patient care and safety that resulted in an increased demand for software to ensure better patient care.
Key Questions Answered in the Report:
- Where will all these developments take the industry in the mid-to-long term?
- What are the major end-users and the benefits they avail by implementing management solutions?
- What are the trends going on in the market?
- What are the major market dynamics and their impact on market growth?
- What is the global scenario of the market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Patient Safety and Risk Management Software Market, By End User
Ambulatory care centers
Long-term care centers
6. Patient Safety and Risk Management Software Market, By Type
Governance, Risk and Compliance Solutions
Risk Management and Safety Solutions
Claims Management Solutions
7. Patient Safety and Risk Management Software Market, By Deployment Mode
8. Patient Safety and Risk Management Software Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Verge Health, LLC
Clarity Group Inc.
Riskonnect Inc. (A Part of Thoma Bravo, LLC)
Smartgate Solutions Ltd.
The Patient Safety Company
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