A transparent research method has been accomplished with the right tools and techniques to make this Patient Risk Management and Safety Market research report world-class. Two of the most widely used techniques namely SWOT analysis and Porter’s Five Forces Analysis have been used while generating this report. Competitive analysis conducted in this report puts light on the moves of the key players in the Healthcare industry such as new product launches, expansions, agreements, joint ventures, partnerships & recent acquisitions. Patient Risk Management and Safety Market research report adoption plays an essential role for the business growth as it supports with the better decision making, enhancing revenue generation, prioritizing market goals and results in profitable business.
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Global patient risk management and safety market is expected to rise with a healthy CAGR of 10.85% in the forecast period of 2019-2026. This rise in market value can be attributed to the high cost of the software. The report contains data of the base year 2018 and historic year 2017.
Few of the major competitors currently working in the global patient risk management and safety market are RLDatix, Verge Solutions, LLC, RiskQual, QUANTROS, INC., Clarity Group, Inc., Conduent, Inc, Prista Corporation, The Patient Safety Company, Ncontracts, Med-IQ, Inc., MetricStream Inc., IQVIA, Health Catalyst, Smartgate Solutions Ltd., Salus Global Corporation, Covance Inc., BD among others.
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- Shifting Industry dynamics
- In-depth Patient Risk Management and Safety Market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies for key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
Market Definition: Global Patient Risk Management and Safety Market
Healthcare safety management is mainly dedicated on minimizing the medication errors, human errors and to improve the different healthcare processes. This is basically a software solution, which provides real time visibility into quality and safety management processes. This system comprises of infection prevention management, risk management, incident reporting, surveillance management, claims management, audit management, and analytics solutions. According to World Health Organizations report, in Europe health-care related adverse events and medical errors arise in 8% to 12% of hospitalizations.
Segmentation: Global Patient Risk Management and Safety Market
Patient Risk Management and Safety Market : By Solutions
- Infection Prevention Management
- Surveillance Management
- Risk Management
- Audit Management
- Claims Management
- Incident Reporting
Patient Risk Management and Safety Market : By Component
Patient Risk Management and Safety Market : By End-User
- Long-Term Care Centers
- Ambulatory Care Centers
Patient Risk Management and Safety Market : By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Patient Risk Management and Safety Market:
- In May 2018, Sciformix Corporation (A Subsidiary of Covance Inc.) has launched a platform of new technology which can offer end-to-end solutions for safety & risk management. This expansion will help to overcome the unmet technology services for their life sciences customers
- In July 2018, RL Solutions merged with Datix Limited. Datix Limited is a leading provider of healthcare quality and patient safety software. By this partnership the company will be able create a greater impact on patient safety all over the world
Patient Risk Management and Safety Market Drivers:
- Growing demand to decrease the high healthcare expenditure, is expected to drive the growth of the market
- Increasing cases of hospital-acquired infections also acts as a market driver
- Increasing government initiatives for the improvement of patient safety and patient outcomes also boosts the market growth
- Rising focus on improving patient outcomes can also accelerate the growth of this market
Patient Risk Management and Safety Market Restraints:
- Unwillingness to change from conventional methods, which is restricting the overall adoption of these safety measures can act as a market restraint
- Dearth of skilled IT professionals; this factor is expected to restrict the growth of the market
- High cost of the software also hampers the market growth
- The report offers Patient Risk Management and Safety Market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the Patient Risk Management and Safety Market size has been provided.
- The study provides an in-depth analysis of the global Patient Risk Management and Safety Market and current & future trends to elucidate imminent investment pockets.
- Identify growth segments and opportunities in the industry
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