Global Patient Risk Management and Safety Market, By Solutions (Infection Prevention Management, Surveillance Management, Risk Management, Audit Management, Claims Management, Incident Reporting and Others), Component (Software and Services), End User (Hospitals, Long-Term Care Centres, Ambulatory Care Centres, Pharmacies, and Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the patient risk management and safety market will exhibit a CAGR of around 11.06% for the forecast period of 2021-2028. Rising demand to decrease healthcare costs, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of patient risk management and safety market.
Patient risk management and safety is basically concerned with minimizing the risk of medication errors, human errors, reducing the operational costs and improving the overall quality of healthcare services. This is a software solution that provides real-time visibility into quality and safety processes.
Upsurge in the prevalence of hospital-acquired infections globally are the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements for the development of new and advanced products coupled with rising initiatives by the government for the improvement of patient safety is another market growth determinant. Rising research and development proficiencies and rising unhealthy lifestyle of individuals will further generate lucrative market growth opportunities.
However, hesitance to shift from conventional methods will further derail the market growth rate. Unfavourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. High cost of software and dearth of skilled professionals will also hamper the market growth rate.
This patient risk management and safety market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on patient risk management and safety market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Patient Risk Management and Safety Market Scope and Market Size
The patient risk management and safety market is segmented on the basis of solutions, component and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The patient risk management and safety market is segmented on the basis of solutions into infection prevention management, surveillance management, risk management, audit management, claims management, incident reporting and others.
- On the basis of component, the patient risk management and safety market is segmented into software and services. Software segment is sub-segmented into on-premise and cloud. Services segment is sub-segmented into consulting services and training and education.
- On the basis of end user, the patient risk management and safety market is segmented into hospitals, long-term care centres, ambulatory care centres, pharmacies, and others.
Patient Risk Management and Safety Market Country Level Analysis
The patient risk management and safety market is analysed and market size insights and trends are provided by country, solutions, component and end user as referenced above.
The countries covered in the patient risk management and safety market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominate the patient risk management and safety market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing advanced healthcare technologies and rising adoption of sophisticated IT solutions by the healthcare industry. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing expenditure for the development of healthcare infrastructure.
The country section of the patient risk management and safety market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The patient risk management and safety market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the patient risk management and safety market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Patient Risk Management and Safety Market Share Analysis
The patient risk management and safety market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to patient risk management and safety market.
The major players covered in the patient risk management and safety market report are RLDatix., Verge Solutions, LLC, RiskQual., Quantros, Inc., Clarity Group, Inc., Conduent, Inc., Prista Corporation, The Patient Safety Company, Ncontracts., Med-IQ, MetricStream., IQVIA., Health Catalyst., Smartgate Solutions Ltd., Salus Global Corporation., Covance Inc., Labcorp Drug Development, BD among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.