Patient Safety and Risk Management Software Market Size, Share Global Analysis Report, 2019 – 2026

Industry Insights

The patient safety and risk management software market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire patient safety and risk management software market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD 2.70 Billion) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the patient safety and risk management software industry. The report analyzes and declares the historical and current trends analysis of the patient safety and risk management software industry and subsequently recommends the projected trends anticipated to be observed in the patient safety and risk management software market during the upcoming years.

Key Insights from Primary Research

• As per our primary respondents, the global patient safety and risk management software market is set to grow annually at a rate of around 10.5%.
• It was established through primary research that the global patient safety and risk management software market was valued at around USD 2.7 Billion in 2019.
• The “private” category, on the basis of deployment mode segmentation, was the leading revenue-generating category in 2019.
• On the basis of end user segmentation, the “hospital” category was the leading revenue-generating category in 2019.
• Based on the region, North America was the leading revenue-generating category in 2019.

Key Recommendations from Analysts

• As per our analysis, the global patient safety and risk management software market is growing at high CAGR and various end-use industries are aware of this potential market and applications of the patient safety and risk management software.
• Growing at a CAGR around 10.8%, the global patient safety and risk management software market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
• Our analysts have identified private and hospital segments that will be dominating for global patient safety and risk management software market in terms of deployment mode and end-user segmentation respectively.
• As per our analysis, North America is expected to account for the maximum revenue share, in the target market.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the patient safety and risk management software industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the patient safety and risk management software industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the patient safety and risk management software market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the patient safety and risk management software industry. The patient safety and risk management software market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the patient safety and risk management software sector. Key strategic developments in the patient safety and risk management software market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the patient safety and risk management software market are appropriately highlighted in the report.

The patient safety and risk management software market is estimated to develop with a healthy CAGR in the upcoming years. The main factors crediting to the growth of the market is the growing number of medical errors and the rising data handling issues. Besides, increasing the of innovative work projects to address the issues and for the problem solving of medical errors by the key players boosting the development of the market. Moreover, the lack of awareness about software, and the cost associated with the software are hampering the development of the market.

The market is categorized based on the type, deployment mode, end-user, and region, and region. In light of the type, the market is bifurcated into governance, risk & compliance solutions claim management solutions, and risk management & safety solutions In light of the deployment model, the market is sectioned into a hybrid, public, and private. Further, the end-user segment is bifurcated into ambulatory care centers, hospitals, long term care centers, pharmacies, and others

Report Scope

Some of the essential players operating in the market are

•  Clarity Group Inc
•  Conduent Inc.
•  Prista Corporation
•  Quantros Inc.
•  RiskQual Technologies
•  RLDatix
•  Riskonnect Inc.
•  Smartgate Solutions Ltd.
•  The Patient Safety Company
•  Verge Health.

The taxonomy of the patient safety and risk management software Market by its scope and segmentation is as follows:

By Type

• Risk Management & Safety Solutions
• Claims Management Solutions
• Governance, Risk & Compliance Solutions

By Deployment Mode

• Private Cloud
• Public Cloud
• Hybrid Cloud

By End User

• Hospitals
• Long-Term Care Centers
• Ambulatory Care centers
• Pharmacies
• Other End User

Global Patient Safety and risk management software Market: By Region Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa