Patient Safety and Risk Management Software Market Size, Trends, Analysis, and Outlook By Type (Risk management and safety solutions, Claims management software, Governance, risk, and compliance solutions), By End-user (Hospitals, Ambulatory care centers, Long-term care centers, Others), by Region, Country, Segment, and Companies, 2024-2030

March 2024 | 190 pages | ID: P694E398A382EN
VPAResearch

Abstracts

The global Patient Safety and Risk Management Software market size is poised to register 12.69% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Patient Safety and Risk Management Software market across By Type (Risk management and safety solutions, Claims management software, Governance, risk, and compliance solutions), By End-user (Hospitals, Ambulatory care centers, Long-term care centers, Others).

The Patient Safety and Risk Management Software Market is experiencing growth driven by the growing focus on patient safety, quality improvement, and healthcare risk management, and the demand for digital solutions and software platforms to identify, mitigate, and prevent adverse events and medical errors in healthcare organizations. Patient safety and risk management software are healthcare IT solutions used by hospitals, clinics, and healthcare systems to capture, analyze, and report patient safety incidents, near misses, and adverse events, track corrective actions and quality improvement initiatives, and comply with regulatory requirements and accreditation standards for healthcare quality and safety. Key trends shaping its future include the development of integrated and comprehensive patient safety software suites with incident reporting, root cause analysis, risk assessment, and performance measurement functionalities for proactive risk identification and management across the healthcare continuum, the customization of patient safety software with predictive analytics and AI-driven algorithms for real-time risk prediction, patient harm prevention, and early warning detection of safety issues, and the integration of patient safety and risk management software with electronic health record (EHR) systems and clinical decision support tools for contextualized incident reporting and care coordination. Moreover, factors such as the increasing awareness of patient safety culture and adverse event reporting, the implementation of patient safety initiatives and quality improvement programs, and the regulatory mandates to reduce medical errors and preventable harm in healthcare delivery are expected to drive market growth in 2024 and beyond.

Patient Safety and Risk Management Software Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Patient Safety and Risk Management Software market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Patient Safety and Risk Management Software survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Patient Safety and Risk Management Software industry.

Key market trends defining the global Patient Safety and Risk Management Software demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Patient Safety and Risk Management Software Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Patient Safety and Risk Management Software industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Patient Safety and Risk Management Software companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Patient Safety and Risk Management Software industry

Leading Patient Safety and Risk Management Software companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Patient Safety and Risk Management Software companies.

Patient Safety and Risk Management Software Market Study- Strategic Analysis Review

The Patient Safety and Risk Management Software market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Patient Safety and Risk Management Software Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Patient Safety and Risk Management Software industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Patient Safety and Risk Management Software Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Patient Safety and Risk Management Software Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Patient Safety and Risk Management Software market segments. Similarly, Strong end-user demand is encouraging Canadian Patient Safety and Risk Management Software companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Patient Safety and Risk Management Software market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Patient Safety and Risk Management Software Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Patient Safety and Risk Management Software industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Patient Safety and Risk Management Software market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Patient Safety and Risk Management Software Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Patient Safety and Risk Management Software in Asia Pacific. In particular, China, India, and South East Asian Patient Safety and Risk Management Software markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Patient Safety and Risk Management Software Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Patient Safety and Risk Management Software Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Patient Safety and Risk Management Software market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Patient Safety and Risk Management Software.

Patient Safety and Risk Management Software Market Company Profiles

The global Patient Safety and Risk Management Software market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Clarity Group Inc, Conduent Inc, Health Catalyst Llc, Origami Risk, Quantros Inc, Riskonnect Inc, RiskQual Technologies, RLDatix, Symplr, The Patient Safety Company, Verge Health

Recent Patient Safety and Risk Management Software Market Developments

The global Patient Safety and Risk Management Software market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Patient Safety and Risk Management Software Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

By Type

Risk management and safety solutions

Claims management software

Governance, risk, and compliance solutions

By End-User

Hospitals

Ambulatory care centers

Long-term care centers

Others

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Clarity Group Inc

Conduent Inc

Health Catalyst Llc

Origami Risk

Quantros Inc

Riskonnect Inc

RiskQual Technologies

RLDatix

Symplr

The Patient Safety Company

Verge Health

Formats Available: Excel, PDF, and PPT

Contents

1. EXECUTIVE SUMMARY

1.1 Patient Safety and Risk Management Software Market Overview and Key Findings, 2024
1.2 Patient Safety and Risk Management Software Market Size and Growth Outlook, 2021- 2030
1.3 Patient Safety and Risk Management Software Market Growth Opportunities to 2030
1.4 Key Patient Safety and Risk Management Software Market Trends and Challenges
  1.4.1 Patient Safety and Risk Management Software Market Drivers and Trends
  1.4.2 Patient Safety and Risk Management Software Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Patient Safety and Risk Management Software Companies

2. PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET SIZE OUTLOOK TO 2030

2.1 Patient Safety and Risk Management Software Market Size Outlook, USD Million, 2021- 2030
2.2 Patient Safety and Risk Management Software Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Type
Risk management and safety solutions
Claims management software
Governance, risk, and compliance solutions
By End-User
Hospitals
Ambulatory care centers
Long-term care centers
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Patient Safety and Risk Management Software Market, 2025
5.2 Asia Pacific Patient Safety and Risk Management Software Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Patient Safety and Risk Management Software Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Patient Safety and Risk Management Software Market, 2025
5.5 Europe Patient Safety and Risk Management Software Market Size Outlook by Type, 2021- 2030
5.6 Europe Patient Safety and Risk Management Software Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Patient Safety and Risk Management Software Market, 2025
5.8 North America Patient Safety and Risk Management Software Market Size Outlook by Type, 2021- 2030
5.9 North America Patient Safety and Risk Management Software Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Patient Safety and Risk Management Software Market, 2025
5.11 South America Pacific Patient Safety and Risk Management Software Market Size Outlook by Type, 2021- 2030
5.12 South America Patient Safety and Risk Management Software Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Patient Safety and Risk Management Software Market, 2025
5.14 Middle East Africa Patient Safety and Risk Management Software Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Patient Safety and Risk Management Software Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Patient Safety and Risk Management Software Market Size Outlook and Revenue Growth Forecasts
6.2 US Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Patient Safety and Risk Management Software Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Patient Safety and Risk Management Software Industry Drivers and Opportunities

7. PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. PATIENT SAFETY AND RISK MANAGEMENT SOFTWARE COMPANY PROFILES

8.1 Profiles of Leading Patient Safety and Risk Management Software Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Clarity Group Inc
Conduent Inc
Health Catalyst Llc
Origami Risk
Quantros Inc
Riskonnect Inc
RiskQual Technologies
RLDatix
Symplr
The Patient Safety Company
Verge Health

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information