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Patient Safety And Risk Management Software Market Size, Share & Trends Analysis Report By Software Type, By End User (Hospitals, Ambulatory Care Centers, Long-term Care Centers), By Region, And Segment Forecasts, 2020 - 2027

October 2020 | 90 pages | ID: P2869B98F54BEN
Grand View Research, Inc.

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Patient Safety And Risk Management Software Market Growth & Trends

The global patient safety and risk management software market size is expected to reach USD 3.1 billion by 2027, expanding at a CAGR of 11.0%, according to a new report by Grand View Research, Inc. The increasing need for efficient patient safety and risk assessment solutions to increase the efficiency of the healthcare providers and rising government initiatives to promote healthcare IT and improve the healthcare infrastructure are the key factors driving the market growth. Furthermore, the increasing occurrence of cyber-attacks on electronic health records is expected to boost the revenue growth of this market over the forecast period.

Based on software type, the risk management and safety solutions segment dominated the market and accounted for the largest revenue share of 67.4% in 2019. One of the key factors contributing to the increase in demand for such solutions is to monitor the safety of patients and improve organizational growth, therefore waiving off risk factors. On the other hand, the governance, risk, and compliance solutions segment is expected to witness the fastest growth rate over the forecast period.

Based on end-user, the hospital segment dominated the market and accounted for a revenue share of 40.7% in 2019. This is attributable to the increasing need to reduce the risks associated with patient harm and increase the workflow efficiency of healthcare providers. On the other hand, the ambulatory care center is anticipated to grow at the fastest growth rate during the forecast period, owing to the growing need to improve patient outcomes and improve the quality of care delivery.

Based on geography, North America dominated the market in 2019. This is attributable to the adoption of healthcare IT solutions to organize and streamline workflow at healthcare institutions. In addition, the rise in the trend of shifting from on-premise healthcare facilities to feasible healthcare software solutions contributes to the growth of this market. In the Asia Pacific, the market is expected to witness the fastest growth rate of 12.5% over the forecast period. The growing healthcare IT infrastructure and increased government initiatives to boost the healthcare sector in Asian countries is driving the market in this region. Furthermore, Asia is adopting digitization to enhance healthcare facilities with new technologies for better patient care and safety that will boost the market growth in this region.

Patient Safety And Risk Management Software Market Report Highlights
  • The increasing incidence of medical errors is expected to be the major factor driving the market
  • The risk management and safety solutions segment dominated the market with a revenue share of 67.4% in 2019, owing to the development of the solutions to effectively monitor patient safety
  • The Asia Pacific dominated the market and accounted for the largest revenue share of 12.5% in 2019, owing to the increasing patient population and increased adoption of technology in healthcare facilities.
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation
1.2 Research Methodology
  1.2.1 Information Procurement
1.3 Information or Data Analysis
1.4 Market Formulation & Validation
  1.4.1 Region Market: CAGR Calculation
1.5 Region-Based Segment Share Calculation
1.6 List Of Secondary Sources
1.7 List Of Abbreviations

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot, Revenue (USD Million)

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Penetration & Growth Prospect Mapping
3.2 Patient Safety & Risk Management Software Market Dynamics
  3.2.1 Market Driver Analysis
  3.2.2 Market Restraints Analysis
  3.2.3 Industry Challenge
3.3 Patient Safety & Risk Management Software Market Analysis Tools
  3.3.1. Industry Analysis – Porter’s
    3.3.1.1. Supplier Power
    3.3.1.2. Buyer Power
    3.3.1.3. Substitution Threat
    3.3.1.4. Threat from New Entrant
    3.3.1.5. Competitive Rivalry
  3.3.2. PESTEL Analysis
    3.3.2.1. Political Landscape
    3.3.2.2. Environmental Landscape
    3.3.2.3. Social Landscape
    3.3.2.4. Technology Landscape
    3.3.2.5. Legal Landscape

CHAPTER 4 PATIENT SAFETY & RISK MANAGEMENT SOFTWARE MARKET: COMPETITIVE ANALYSIS

4.1 Recent Developments & Impact Analysis, by Key Market Participants
4.2 Company Market Position Analysis
4.3 Company Market Share Analysis, 2019
4.4 Market Differentiators
4.5 List of Key Emerging Companies

CHAPTER 5 PATIENT SAFETY & RISK MANAGEMENT SOFTWARE MARKET: SOFTWARE TYPE MARKET ESTIMATES & TREND ANALYSIS

5.1. Software Type Market Movement Analysis & Market Share, 2019 & 2027
5.2. Market Revenue Size & Forecasts and Trend Analysis, 2016 to 2027 for the Following Software Types:
  5.2.1. Risk Management & Safety Solutions
  5.2.2. Claims Management Software
  5.2.3. Governance, Risk & Compliance Solutions

CHAPTER 6 PATIENT SAFETY & RISK MANAGEMENT SOFTWARE MARKET: END-USER MARKET ESTIMATES & TREND ANALYSIS

6.1. End-user Market Movement Analysis & Market Share, 2019 & 2027
6.2. Market Revenue Size & Forecasts and Trend Analysis, 2016 to 2027 for the Following End- Users:
  6.2.1. Hospitals
  6.2.2. Ambulatory Care Centers
  6.2.3. Long-Term Care Centers
  6.2.4. Others

CHAPTER 7 PATIENT SAFETY & RISK MANAGEMENT SOFTWARE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS BY SOFTWARE TYPE

7.1. Regional Market Snapshot (Market Size, CAGR, Key Players, Key Trends)
7.2. Market Size & Forecasts, and Trend Analysis, 2019 to 2027
  7.2.1. North America
    7.2.1.1. The U.S.
    7.2.1.2. Canada
  7.2.2. Europe
    7.2.2.1. The U.K.
    7.2.2.2. Germany
    7.2.2.3. Spain
    7.2.2.4. France
    7.2.2.5. Italy
    7.2.2.6. Russia
  7.2.3. The Asia Pacific
    7.2.3.1. China
    7.2.3.2. Japan
    7.2.3.3. India
    7.2.3.4. South Korea
    7.2.3.5. Singapore
    7.2.3.6. Australia
  7.2.4. Latin America
    7.2.4.1. Brazil
    7.2.4.2. Mexico
    7.2.4.3. Argentina
  7.2.5. Middle East & Africa (MEA)
    7.2.5.1. South Africa
    7.2.5.2. Saudi Arabia
    7.2.5.3. UAE

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Company Profiles
  8.1.1. Riskonnect Inc.
    8.1.1.1. Company overview
    8.1.1.2. Financial Performance
    8.1.1.3. Product benchmarking
    8.1.1.4. Strategic Initiatives
  8.1.2. Health Catalyst (U.S.), LLC
    8.1.2.1. Company overview
    8.1.2.2. Financial Performance
    8.1.2.3. Product benchmarking
    8.1.2.4. Strategic Initiatives
  8.1.3. Conduent Inc.
    8.1.3.1. Company overview
    8.1.3.2. Financial Performance
    8.1.3.3. Product benchmarking
    8.1.3.4. Strategic Initiatives
  8.1.4. Origami Risk
    8.1.4.1. Company overview
    8.1.4.2. Financial Performance
    8.1.4.3. Product benchmarking
    8.1.4.4. Strategic Initiatives
  8.1.5. Symplr
    8.1.5.1. Company overview
    8.1.5.2. Financial Performance
    8.1.5.3. Product benchmarking
    8.1.5.4. Strategic Initiatives
  8.1.6. RLDatix
    8.1.6.1. Company overview
    8.1.6.2. Financial Performance
    8.1.6.3. Product benchmarking
    8.1.6.4. Strategic Initiatives
  8.1.7. Clarity Group Inc.
    8.1.7.1. Company overview
    8.1.7.2. Financial Performance
    8.1.7.3. Product benchmarking
    8.1.7.4. Strategic Initiatives
  8.1.8. Verge Health
    8.1.8.1. Company overview
    8.1.8.2. Financial Performance
    8.1.8.3. Product benchmarking
    8.1.8.4. Strategic Initiatives
  8.1.9. RiskQual Technologies
    8.1.9.1. Company overview
    8.1.9.2. Financial Performance
    8.1.9.3. Product benchmarking
    8.1.9.4. Strategic Initiatives
  8.1.10. Quantros Inc.
    8.1.10.1. Company overview
    8.1.10.2. Financial Performance
    8.1.10.3. Product benchmarking
    8.1.10.4. Strategic Initiatives
LIST OF TABLES

Table 1 List of secondary sources
Table 2 List of key emerging companies/technology disruptors/innovators
Table 3 North America patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 4 North America patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 5 U.S. patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 6 U.S. patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 7 Canada patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 8 Canada patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 9 Europe patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 10 Europe patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 11 U.K. patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 12 U.K. patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 13 Germany patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 14 Germany patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 15 Spain patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 16 Spain patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 17 France patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 18 France patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 19 Italy patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 20 Italy patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 21 Russia patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 22 Russia patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 23 Asia Pacific patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 24 Asia Pacific patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 25 Japan patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 26 Japan patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 27 China patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 28 China patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 29 India patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 30 India patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 31 South Korea patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 32 South Korea patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 33 Singapore patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 34 Singapore patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 35 Australia patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 36 Australia patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 37 Latin America patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 38 Latin America patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 39 Brazil patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 40 Brazil patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 41 Mexico patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 42 Mexico patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 43 Argentina patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 44 Argentina patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 45 MEA patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 46 MEA patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 47 Saudi Arabia patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 48 Saudi Arabia patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 49 UAE patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 50 UAE patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
Table 51 South Africa patient safety & risk management software market, by software type 2016 - 2027 (USD Million)
Table 52 South Africa patient safety & risk management software market, by end-user 2016 - 2027 (USD Million)
LIST OF FIGURES

Fig. 1 Market research process
Fig. 2 Data Triangulation Techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market Snapshot
Fig. 9 Patient safety & risk management software market variables, trends & scope
Fig. 10 Penetration & Growth Prospect Mapping
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Key company market share analysis, 2019
Fig. 14 Market Differentiators
Fig. 15 Segment Dashboard
Fig. 16 Patient safety & risk management software market share: Software type movement analysis, 2019& 2027 (USD Million)
Fig. 17 Risk management & safety solutions market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 18 Claims management software market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 19 Governance, risk & compliance solutions market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 20 Patient safety & risk management software market share: End-user movement analysis, 2019 & 2027 (USD Million)
Fig. 21 Hospitals market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 22 Ambulatory care centers market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 23 Long-term care centers market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 24 Others market revenue estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 25 Regional market snapshot
Fig. 26 Regional outlook, 2019 & 2027
Fig. 27 North America Patient safety & risk management software market estimates and forecasts, 2016 – 2027 (USD Million)
Fig. 28 U.S. patient safety & risk management software market estimates and forecasts, 2016 - 2027(USD Million)
Fig. 29 Canada patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 30 Europe patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 31 Germany patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 32 U.K. patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 33 Spain patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 34 France patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 35 Italy patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 36 Russia patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 37 Asia Pacific patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 38 Japan patient safety & risk management software market estimates and forecasts, 2016 - 2027(USD Million)
Fig. 39 China patient safety & risk management software market estimates and forecasts, 2016 - 2027(USD Million)
Fig. 40 India patient safety & risk management software market estimates and forecasts, 2016 - 2027(USD Million)
Fig. 41 South Korea patient safety & risk management software market estimates and forecasts, 2016 - 2027(USD Million)
Fig. 42 Singapore patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 43 Australia patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 44 Latin America patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 45 Brazil patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 46 Mexico patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 47 Argentina patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 48 MEA patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 49 Saudi Arabia patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 50 UAE patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)
Fig. 51 South Africa patient safety & risk management software market estimates and forecasts, 2016 - 2027 (USD Million)


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