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Patient Safety and Risk Management Software Market: Comprehensive Insights on Growth Factors, Market Size, and Key Trends
Patient Safety and Risk Management Software Market
The Market Size and Growth Rate of Patient Safety And Risk Management Software: What can we expect?
• The patient safety and risk management software market has seen significant growth in recent years, increasing from $2.31 billion in 2024 to $2.5 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%.
• The market size is predicted to see rapid growth over the next few years, increasing to $4.23 billion in 2029 at a CAGR of 14.0%.
• This growth can be attributed to increased awareness of patient safety, regulatory requirements, focus on reducing medical errors, data-driven insights, real-time monitoring and alerts, and patient engagement and empowerment.
What Is Driving The Growth In The Patient Safety And Risk Management Software Market?
The increasing adoption of IT in the healthcare sector is expected to drive the growth of the patient safety and risk management software market forward. The healthcare industry has greatly benefited from advances in information technology (IT), including the implementation of electronic medical records (EMR) and the use of digital tools and teleconsultation. In July 2024, Health Tech Digital, a UK-based provider of digital transformation journey, reported that 57% of the UK population expressed concerns about the fast implementation of artificial intelligence (AI) in personalized medicine. Despite this, the UK AI market is anticipated to expand significantly, reaching £801.6 billion (USD 877.26 billion) by 2035, suggesting the industry's future growth.
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Who Are the Key Players Driving Patient Safety And Risk Management Software Market Growth?
• 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.
• The Patient Safety Company B. V.
• Morrisey Holdings Inc.
• Quantros Inc.
• Marsh ClearSight LLC
• Datix Limited
• RL Solutions Inc.
• Ideagen plc
• IQVIA Holdings Inc.
• NAVEX Global Inc.
• Wolters Kluwer N. V.
What Are The Key Trends In The Patient Safety And Risk Management Software Market?
• Focus on patient-centric care
• Integration of data analytics and AI
• Enhanced integration of electronic health records (EHR)
• Focus on preventable medical errors
What Are The Segments Of The Global Patient Safety And Risk Management Software Market?
• By Type: Risk Management And Safety Solutions, Claims Management Solutions, Governance, Risk And Compliance Solutions
• By Deployment Mode: Private Cloud, Public Cloud
• By End-User: Hospitals, Ambulatory Care Centers, Long-Term Care Centers, Pharmacies, Other End Users
Which Region Leads The Patient Safety And Risk Management Software Market?
North America was the predominant region in the patient safety and risk management software market in 2024. However, the Asia-Pacific region is anticipated to experience the fastest growth in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Patient Safety And Risk Management Software Market Global Market Report?
• Market Size Analysis
• Market Segmentation Analysis
• Key Player Focus
• Growth Trends Analysis
• Market Contribution
• Growth Drivers
• Industry Challenges
• Competitive Developments
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