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Patient Safety And Risk Management Software Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033
Patient Safety And Risk Management Software Market
As per the report, the patient safety and risk management software market size has grown strongly in recent years. It will grow from $2.16 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The patient safety and risk management software market size is expected to see rapid growth in the next few years. It will grow to $3.66 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%.
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It Adoption In Healthcare Driving Patient Safety Software Market Growth
The increasing adoption of IT in healthcare sector is expected to propel the growth of the patient safety and risk management software market going forward. The healthcare industry has benefited greatly from advances in information technology (IT). Electronic medical records are one example of a huge improvement that IT has given to hospitals (EMR). With the use of this technology, medical data can be compiled into a single database. Use of digital tools and teleconsultation is another recent advance in information technology (IT) in Healthcare. For instance, in August 2021, according to McKinsey & Company, a US-based management consulting company, telehealth was utilized for 13% to 17% of U.S. patient visits across all specialties, indicating consumer adoption for telehealth services has skyrocketed. Therefore, the adoption of IT in healthcare sector is expected to propel the growth of patient safety and risk management software industry going forward.
Embracing Innovative Technologies In Patient Safety And Risk Management Software Market
Adopting different innovative technologies have emerged as a key trend in patient safety and risk management software market. Innovative technology is a term used to describe a technological or scientific process or product that is characterized in terms of production, research, and development. The companies operating in the patient safety and risk management software market are focusing on developing innovative products with latest technologies to increase customer reach and expand their business offerings. For instance, In May 2022, Mindray, one of the leading global providers of medical devices and solutions has launched M-Connect IT Solution, helping optimize clinical workflow and ensure patient safety in hospitals.
The patient safety and risk management software market covered in this report is segmented -
1) By Type: Risk Management And Safety Solutions, Claims Management Solutions, Governance, Risk And Compliance Solutions
2) By Deployment Mode: Private Cloud, Public Cloud
3) By End-User: Hospitals, Ambulatory Care Centers, Long-Term Care Centers, Pharmacies, Other End Users
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Major companies operating in the patient safety and risk management software market report are Conduent Legal & Compliance Solutions LLC, Becton Dickinson and Company, Health Catalyst Inc., RLDatix Solutions Inc., Riskonnect Inc., Origami Risk LLC, Symplr LLC, Clarity Group Inc., Verge Solutions LLC, RiskQual Technologies Inc., The Patient Safety Company B. V., Meditech Group Holdings Limited, Morrisey Holdings Inc., RiskMan International Pty Ltd, MidasPlus Inc., Quantros Inc., Brandix Lanka Limited, MRM Group LLC, Prista Corporation, Marsh ClearSight LLC, CCD Health Systems Inc., Datix Limited, Smartgate Solutions Ltd., RL Solutions Inc., Fortude Company Ltd., Ideagen plc, IQVIA Holdings Inc., NAVEX Global Inc., Wolters Kluwer N. V.
Contents of the report:
1. Executive Summary
2. Patient Safety And Risk Management Software Market Report Structure
3. Patient Safety And Risk Management Software Market Trends And Strategies
4. Patient Safety And Risk Management Software Market - Macro Economic Scenario
5. Patient Safety And Risk Management Software Market Size And Growth
…..
27. Patient Safety And Risk Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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