Global Patient Safety and Risk Management Software Market, By Type (Risk Management, Governance, Risk & Compliance and Claims Management), By Deployment Mode (Public Cloud, Private Cloud and Hybrid Cloud), End-User (Hospital, Ambulatory Care, Pharmacy, Long term care centers and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa) – Industry Trends Analysis & Forecast till 2027
GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET DEFINITION:
Patient security is an emerging discipline in healthcare that helps to reduce, analyze, and report patient failures that often contribute to adverse events in healthcare and risk control.
GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET OUTLOOK:
Patient safety and risk management software are now attracting popularity regularly due to increased demand across the geographical area. Increasingly healthcare care costs in the developing region the growth of surgical failures and the increase in hospital-acquired diseases are significant factors leading to the growth of the industry. In addition, the lack of in-house IT expertise and the disapproval of healthcare providers to emerging approaches to treatment and risk control are likely to hinder the growth of the market extent during the forecasting period.
According to Pheonix Research, Market Size of The global patient safety and risk management software market registered a CAGR of 11.4 % from 2020 to 2027. Geographically, North America dominated the market and is the prime contributor in terms of revenue in the total global patient safety and risk management software market
GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET DYNAMICS:
• Rising Advancements in healthcare IT software.
• Growing awareness of patient safety and risk.
• Introduction of cloud-based services
• Reticence to switch from traditional methods
• Lack of skilled professionals.
GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET SEGMENTATION:
• Governance solutions
• Risk and compliance solutions
• Risk management & safety solutions
• Claims management solutions
By Deployment mode
• Public Cloud
• Private Cloud
• Hybrid Cloud
By End Use
• Ambulatory care centers
• Long-term care centers
• North America
• South America
o Rest of South America
o United Kingdom
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
• The Middle East and Africa
o South Africa
o Saudi Arabia
o United Arab Emirates
o Rest of the Middle East and Africa
COMPETITIVE ANALYSIS: GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET:
The global patient safety and risk management software market is highly competitive, and major players have used various approaches to raise their footprints in this market such as new product advancements, acquisitions, contracts, joint ventures, alliances, acquisitions, and others. The scope of the study includes patient safety and risk management software market revenue for Global, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa.
KEY MARKET COMPETITORS: GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET:
A few of the major competitors currently working in the patient safety and risk management software market are
• Verge Health
• Allocate Software Ltd
• CCD Health System
• Clarity Group Inc.
• Conduent Inc.
• Cura Software Solutions
• Exigis Llc
• Health Catalyst Inc.
• Healthicity Llc
• Ideagen Plc
• Iqvia Holdings Inc.
• Metricstream Inc.
• Navex Global Inc.
RESEARCH METHODOLOGY: GLOBAL PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET
Data collection modules with large sample sizes are used for data collection and base year analysis. Market share analysis and key trend analysis are the major factors for success in any market report. Market statistical and coherent models are used to analyze the market data. Please request an analyst call for more information on the research methodology
Phoenix research consultants use their proprietary research methodology to evaluate data that involves data mining, analysis of the impact of data variables on the market, and primary validation. Furthermore, other data models consist of a market overview and guide, company matrix, key intensity vendor mapping, market forecasting analysis, company share analysis, top-down and bottom-up analysis, and others.
DEMAND AND SUPPLY-SIDE- PRIMARY RESEARCH RESPONDENT
Demand Side: commercial Buyers, Group Purchasing Organizations, Associations, Healthcare Authorities, Academics and Universities, Technological Expertise, researchers, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, Senior and mid-level Executives, Distributors, Market Intelligence, and Regulatory Authority Managers among others.
• To gain insights into the competitive milieu in the market
• End-user assessment /Customer behaviors
• Detailed Demand and Supply Assessment
• Key market drivers and restraints Analysis
• Competitive landscape of the key players involved
• In-depth analysis of the market segmentation