Press release
Healthcare Quality Management Market: Projections, Drivers, and Trends
Emerging market conditions and innovative responses shape the evolving landscape of the global healthcare quality management market.What Is The Projected Market Size Of The Global Healthcare Quality Management Market And Its Growth Rate?
Current trends and future projections of the global healthcare quality management market envision sustained growth.
• From $4.64 billion in 2024 to $5.3 billion in 2025, the market exhibits a CAGR of 14.1%
• It's projected to further grow to $9.62 billion by 2029, with a CAGR of 16.1%
• Factors driving this growth include quality improvement initiatives, rising healthcare costs, patient-centric care, regulatory requirements, and a shift towards data-driven decision making
What Is Driving The Growth In The Healthcare Quality Management Market?
Heightened medical error rates influence the growth trajectory of the healthcare quality management market. Medical error refers to avoidable adverse medical outcomes. Rising medical errors, projected at a global cost of $42 billion annually by the World Health Organization in 2022, spur the need for healthcare quality management that anticipates and prevents such errors, thereby enhancing the effectiveness of health providers.
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Who Are the Key Players Driving Healthcare Quality Management Market Growth?
Several major entities operational within the healthcare quality management market include:
• Altegra Health Inc.
• Dolbey Systems Inc.
• Enli Health Intelligence
• CitiusTech Inc.
• McKesson Corporation
• Cerner Corporation
• Quantros Inc.
• Verscend Technologies Inc.
• Truven Health Analytics (A Subsidiary of IBM Watson Health)
• Medisolv Inc.
• Premier Inc.
• Nuance Communications Inc.
• Cognizant Technology Solutions Corporation
• Conduent Inc.
• Dimensional Insight Inc.
• Epic Systems Corporation
• Allscripts Healthcare Solutions
• Medtronic PLC
• Philips Healthcare
• The Advisory Board Company
• 3M Company
• Wolters Kluwer Health
• Health Catalyst
• Press Ganey Associates
• Persivia Inc.
• Meditab Software Inc.
• Atos SE
• The Craneware Group
• Streamline Health Solutions Inc.
• HealthStream Inc.
What Are The Key Trends In The Healthcare Quality Management Market?
Noteworthy trends of the healthcare quality management market include:
• Continual quality improvement
• Digital transformation in healthcare
• Integration of personalized medicine
• Response to global health challenges
• Implementation of cybersecurity measures
• Managing population health
What Are The Segments Of The Global Healthcare Quality Management Market?
The healthcare quality management market branches into various segments:
1) By Software Type: Business Intelligence And Analytics Solutions, Physician Quality Reporting Solutions, Clinical Risk Management Solutions, Provider Performance Improvement Solutions
2) By Mode Of Delivery: Web And Cloud Based Solutions, On-Premise Solutions
3) By Application: Data Management, Risk Management
4) By End-User: Hospitals, Ambulatory Care Centers, Payer, Other End Users
Which Region Leads The Healthcare Quality Management Market?
As of 2024, North America dominates the healthcare quality management market. However, the Asia-Pacific region is projected to experience the most rapid growth in the years to come. The regions explored in this healthcare quality management market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Healthcare Quality Management Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare Quality Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Quality Management Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Quality Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Quality Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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