The Global Safety and Risk Management Software Market is expected to grow at a CAGR of 11.1% from 2019 - 2026. North America and Europe are the dominant market and expected to witness significant growth in the coming years, whereas Asia-Pacific would be the focal point for the growth in Patient Safety and Risk Management Software in the coming years. This region is expected to witness significant growth during the forecast period. The patient safety and risk management software is a software solution that provides the concrete solution to the safety management processes & giving quality control associated with them.
The key factor for the growth in this market is the overreliance on a software-based solution to give the quality & real time-based analysis to patient safety. However, the cost of implementing this software to the various end-users is very high. Also, the shortage of skilled workforce in IT Domain along with the data security and data privacy rules in different countries may hamper the market growth. Furthermore, the rapid growth in the healthcare infrastructure, priority to the evidence-based healthcare and dynamic changes in the reporting system are the major growth factors reviving the patient safety & risk management market in the coming years. The world is witnessing the technological shift in Patient Safety and Risk management industries due to ever-increasing healthcare costs, abetting medical errors & using Big Data & Analytics to further develop the patient Safety System to avoid the loss of life. In addition to that, the major investment opportunities & stringent norms by the Government also boost the market in many ways.
The global patient safety and risk management software market is segmented into end-user, mode of delivery, product &geography. The end-user segment is further divided into Ambulance Services, Primary Cares, Healthcare Firms, Residential Care Centers, Mental healthcare, General Practitioners, and other end users. The Mode of Delivery segment is classified into On-Premise Based Software and Cloud Based Software and Web Based Software. By Product, the market is divided into Standalone Software and Integrated Software. The standalone software is further divided into Risk Registry, Medication Safety, Safety Event Incidence, Patient Feedback Manager, Root Cause Analysis, Quality Auditing, and Others. By geography, the market is divided into various geographical continents like North America, Europe, Asia-Pacific, South America, and Central America & Africa.
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, France, Italy, U.K., Belgium, Spain, Turkey, Netherlands, & Rest of Europe. Japan, China, Russia, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa & its countries.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players are Quantros, CCD Health Systems, Datix Ltd., MRM Group LLC, MidasPlus Group, Clarity group, RiskMan International, The Patient Safety Company, Care Fusion Corporation, MRM Group LLC and others.
The Highlights of the Report
Scope of the Global Patient Safety & Risk Management Software Market
o Cloud Based
o Consulting Services
o Training Services
By End User
• North America
o Rest of Asia-Pacific
o Rest of Europe
• Rest of the World
o South America
o Central America
o The Middle East