Explosive Growth of Patient Risk Management and Safety Market | Competitive Outlook By Verge Solutions, LLC, RiskQual, Abbott, Compass, Aetna, a CVS Health Company, QUANTROS, Clarity Group, Conduent, IQVIA, Covance, BD

The Patient Risk Management and Safety market report shares exhaustive information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). The report projects the consumption of submarkets with respect to key regions (along with their respective key countries). It strategically profiles the key players & comprehensively analyzes their growth strategies. This market document also analyzes competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. Patient Risk Management and Safety Market business research report is the perfect market research study which helps clients to map their needs.

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A detailed Patient Risk Management and Safety market research study focuses on several essential parameters and examines competitive landscape, brief segmentation and industrial infrastructure. This industry research report is specifically designed with a set of proven guidelines and methodologies. It also offers proper direction for important firms and individuals interested in strengthening their position in the market internationally. The report explains key elements such as revenue, business distribution, market share, shipment, gross profit etc. that help the readers to understand more information about industry competitors. An in-depth overview of the Healthcare industry is coupled with all applications, development technology and definition.

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, Abbott, Compass, Aetna, a CVS Health Company, 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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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
Others

Patient Risk Management and Safety Market : By Component

Software
Services

Patient Risk Management and Safety Market : By End-User

Hospitals
Long-Term Care Centers
Ambulatory Care Centers
Pharmacies
Other

Patient Risk Management and Safety Market : By Geography

North America
Europe
Asia-Pacific
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

Patient Risk Management and Safety Market : Competitive Analysis

Global patient risk management and safety market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of patient risk management and safety market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Report range:

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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