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Patient Safety and Risk Management Trends and Forecast
The future of the global patient safety and risk management market looks promising with opportunities in the hospital, ambulatory care center, and pharmacy markets. The global patient safety and risk management market is expected to reach an estimated $3.9 billion by 2030 with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are growing concern about medical errors, reducing healthcare cost, and increased adoption of digitization in healthcare sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Patient Safety and Risk Management by Segment
The study includes a forecast for the global patient safety and risk management by type, deployment mode, end use, and region.
Patient Safety and Risk Management Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Risk Management & Safety Solutions
• Claims Management Solutions
• Governance
• Risk & Compliance Solutions
Patient Safety and Risk Management Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:
• Private Cloud
• Public Cloud
• Hybrid Cloud
Patient Safety and Risk Management Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Ambulatory Care Centers
• Pharmacies
• Others
Patient Safety and Risk Management Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Patient Safety and Risk Management Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies patient safety and risk management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the patient safety and risk management companies profiled in this report include-
• Clarity
• Datix
• Fairwarning
• First Databank
• Health Catalyst
• Iatric Systems
• Logicstream Health
• Meditech
• Metavision
• Midas+ Solutions
Patient Safety and Risk Management Market Insights
Lucintel forecasts that risk management & safety solutions is expected to witness highest growth over the forecast period due to increasing demand of patient safety software for easy access to pateint data and its protection in order to provide quality healthcare services for patients.
Within this market, ambulatory care centers is expected to witness highest growth due to rising need to reduce the risk of patient during ambulatory care and effective management of healthcare data by the ambulatory care centers.
North America is expected will remain the largest segment over the forecast period due to growing pateint safety, rising use of data analytics in healthcare systems, and well developed healthcare organization in the region.
Features of the Global Patient Safety and Risk Management Market
Market Size Estimates: Patient safety and risk management market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Patient safety and risk management market size by type, deployment mode, end use, and region in terms of value ($B).
Regional Analysis: Patient safety and risk management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, deployment modes, end uses, and regions for the patient safety and risk management market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the patient safety and risk management market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the patient safety and risk management market size?
Answer: The global patient safety and risk management market is expected to reach an estimated $3.9 billion by 2030.
Q.2 What is the growth forecast for patient safety and risk management market?
Answer: The global patient safety and risk management market is expected to grow with a CAGR of 10.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the patient safety and risk management market?
Answer: The major drivers for this market are growing concern about medical errors, reducing healthcare cost and increased adoption of digitization in healthcare sector.
Q4. What are the major segments for patient safety and risk management market?
Answer: The future of the patient safety and risk management market looks promising with opportunities in the hospital, ambulatory care center, and pharmacy markets.
Q5. Who are the key patient safety and risk management market companies?
Answer: Some of the key patient safety and risk management companies are as follows:
• Clarity
• Datix
• Fairwarning
• First Databank
• Health Catalyst
• Iatric Systems
• Logicstream Health
• Meditech
• Metavision
• Midas+ Solutions
Q6. Which patient safety and risk management market segment will be the largest in future?
Answer: Lucintel forecasts that risk management & safety solutions is expected to witness highest growth over the forecast period due to increasing demand of patient safety software for easy access to pateint data and its protection in order to provide quality healthcare services for patients.
Q7. In patient safety and risk management market, which region is expected to be the largest in next 5 years?
Answer: North America is expected will remain the largest segment over the forecast period due to growing pateint safety, rising use of data analytics in healthcare systems, and well developed healthcare organization in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the patient safety and risk management market by type (risk management & safety solutions, claims management solutions, governance, and risk & compliance solutions), deployment mode (private cloud, public cloud, and hybrid cloud), end use (hospitals, ambulatory care centers, pharmacies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Patient Safety And Risk Management Market, Patient Safety And Risk Management Market Size, Patient Safety And Risk Management Market Growth, Patient Safety And Risk Management Market Analysis, Patient Safety And Risk Management Market Report, Patient Safety And Risk Management Market Share, Patient Safety And Risk Management Market Trends, Patient Safety And Risk Management Market Forecast, Patient Safety And Risk Management Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Patient Safety and Risk Management Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Patient Safety and Risk Management Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Patient Safety and Risk Management Market by Type
3.3.1: Risk Management & Safety Solutions
3.3.2: Claims Management Solutions
3.3.3: Governance
3.3.4: Risk & Compliance Solutions
3.4: Global Patient Safety and Risk Management Market by Deployment Mode
3.4.1: Private Cloud
3.4.2: Public Cloud
3.4.3: Hybrid Cloud
3.5: Global Patient Safety and Risk Management Market by End Use
3.5.1: Hospitals
3.5.2: Ambulatory Care Centers
3.5.3: Pharmacies
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Patient Safety and Risk Management Market by Region
4.2: North American Patient Safety and Risk Management Market
4.2.2: North American Patient Safety and Risk Management Market by End Use: Hospitals, Ambulatory Care Centers, Pharmacies, and Others
4.3: European Patient Safety and Risk Management Market
4.3.1: European Patient Safety and Risk Management Market by Type: Risk Management & Safety Solutions, Claims Management Solutions, Governance, and Risk & Compliance Solutions
4.3.2: European Patient Safety and Risk Management Market by End Use: Hospitals, Ambulatory Care Centers, Pharmacies, and Others
4.4: APAC Patient Safety and Risk Management Market
4.4.1: APAC Patient Safety and Risk Management Market by Type: Risk Management & Safety Solutions, Claims Management Solutions, Governance, and Risk & Compliance Solutions
4.4.2: APAC Patient Safety and Risk Management Market by End Use: Hospitals, Ambulatory Care Centers, Pharmacies, and Others
4.5: ROW Patient Safety and Risk Management Market
4.5.1: ROW Patient Safety and Risk Management Market by Type: Risk Management & Safety Solutions, Claims Management Solutions, Governance, and Risk & Compliance Solutions
4.5.2: ROW Patient Safety and Risk Management Market by End Use: Hospitals, Ambulatory Care Centers, Pharmacies, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Patient Safety and Risk Management Market by Type
6.1.2: Growth Opportunities for the Global Patient Safety and Risk Management Market by Deployment Mode
6.1.3: Growth Opportunities for the Global Patient Safety and Risk Management Market by End Use
6.1.4: Growth Opportunities for the Global Patient Safety and Risk Management Market by Region
6.2: Emerging Trends in the Global Patient Safety and Risk Management Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Patient Safety and Risk Management Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Patient Safety and Risk Management Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Clarity
7.2: Datix
7.3: FairWarning
7.4: First Databank
7.5: Health Catalyst
7.6: Iatric Systems
7.7: LogicStream Health
7.8: Meditech
7.9: Metavision
7.10: Midas+ Solutions
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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