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Key Trend Reshaping the Healthcare Quality Management Software Market in 2025: Development Of Specialized Quality Management Systems By Major Companies
Healthcare Quality Management Software Market Market Size
An increased rate of medication errors is anticipated to stimulate the expansion of the healthcare quality management software market. These errors, which represent avoidable incidents at any point in the medication use process leading to incorrect drug use or patient injury, can be tracked and reported comprehensively using healthcare quality management software. This technology not only allows systematic data collection and analysis related to medication errors but also helps organizations uncover patterns, causes, and trends. For example, a September 2023 publication from Nationwide Children's Hospital, a pediatric academic medical center in the US, revealed an escalating annual incidence of medication errors associated with treatments for attention-deficit or hyperactivity disorder (ADHD), reporting a total of 5,235 medication mistakes. This equates to one error for every 100 minutes in 2022. Hence, these rising medication errors fuel the growth of the healthcare quality management software market. The growth of the healthcare quality management software market is further propelled by the surge in healthcare spending. This term refers to the total resources, either monetary or otherwise, designated to the healthcare sector for medical goods and services by a nation, government, or individual. This spending aids in enhancing the quality of healthcare services, as it allows organizations to invest in beneficial tools and technologies. According to a May 2023 report from the Office for National Statistics, a government department in the UK, healthcare spending in the UK rose by 5.6% from 2022 to 2023, compared to a growth of 0.9% in 2022. In 2023, the healthcare expenditure in the UK rounded off to approximately $317.63 billion (£292 billion). Therefore, increased healthcare spending catalyzes the growth of the healthcare quality management software market in the future.
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What is the projected compound annual growth rate (CAGR) of the healthcare quality management software market from 2025 to 2034, and what factors influence it?
The rapid expansion of the healthcare quality management software market has been notable in recent years. A rise from $1.53 billion in 2024 to $1.75 billion in 2025, at a compound annual growth rate (CAGR) of 14.2%, is projected. The growth throughout the historic period can be traced back to factors like an increase in chronic kidney disease cases, an aging population, enhancements in healthcare infrastructure, government initiatives and funding, renal health awareness programs, a surge in diabetes and hypertension cases, as well as collaborations with healthcare providers.
The market for healthcare quality management software is anticipated to experience a swift expansion in the coming years. It is projected to reach a value of $2.96 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 14.0%. This growth during the predicted period can be attributed to factors such as a consistent increase in ckd cases, a worldwide extension of healthcare, emphasis on preventive healthcare, an uptick in the elderly population, and governmental policies that promote renal health. The forthcoming period is expected to see major trends including the inclusion of a patient-centric formula, the inclusion of remote surveillance technology, special customizations for pediatric hemodialysis, advancements in ergonomics and posture support, and a prominent emphasis on measures controlling infection.
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How are the latest trends influencing the growth of the healthcare quality management software market?
Leading companies in the healthcare quality management software market are designing innovative platforms like specialized quality management systems (QMS) that conform to regulations and encourage evidence-based decision-making for superior patient care. A specialized QMS is a software programme conceived to simplify and enhance quality control and regulatory compliance procedures within healthcare institutions. For instance, Palantir Technologies Inc., a US-based software development company known for creating data fusion platforms, introduced a specialized QMS in January 2023. The system is crafted to assist life sciences clients with their essential workflows, including comprehensive analysis of clinical data. The system helps life sciences entities fulfill the GxP (good practices) standards, which are essential to ensure the safety, quality, and regulatory compliance of healthcare and pharmaceutical products. The system can be paired with the already existing foundry platform, a tool for data control and analysis; this combination improves data-driven decision-making capabilities.
What are the major segments of the healthcare quality management software market and their role in driving growth?
The healthcare quality management software market covered in this report is segmented -
1) By Type: Business Intelligence And Data Analytics Solutions, Clinical Risk Management Solutions, Physician Quality Reporting Solutions, Provider Performance Improvement Solutions
2) By Deployment Mode: Cloud-Based, On-Premises, Web-Based
3) By Application: Data Management, Risk Management, Other Application
4) By End-Use: Hospitals, Ambulatory Surgery Centers, Nursing Homes, Other End-Uses
Subsegments:
1) By Business Intelligence And Data Analytics Solutions: Data Visualization Tools, Predictive Analytics Solutions, Reporting And Dashboards
2) By Clinical Risk Management Solutions: Patient Safety Management, Incident Reporting Software, Risk Assessment And Mitigation Tools
3) By Physician Quality Reporting Solutions: Quality Reporting Software For Physicians, Physician Performance Tracking Tools
4) By Provider Performance Improvement Solutions: Provider Performance Monitoring Software, Performance Improvement Dashboards, Benchmarking And Compliance Tools
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Which regions are key players in the growth of the healthcare quality management software market?
North America was the largest region in the healthcare quality management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare quality management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the healthcare quality management software market?
Major companies operating in the healthcare quality management software market report are International Business Machines Corporation, Oracle Cerner, Wolters Kluwer Health Inc., Premier Inc., Nuance Communication Inc., Vizient Inc., Altegra Health Inc., Symplr, Ideagen Ltd., Intelex Technologies Inc., Iatric Systems Inc., OdiTek Solutions Private Limited, Medisolv Inc., Dolbey Systems Inc., Qualityze Inc., MetaStar Inc., Datix Inc., Mirth Corporation, MorCare Ltd., Quantros Inc., Effivity Technologies Pvt. Ltd., Orcanos Software, Karminn Consultancy Network Pvt. Ltd., Title21 Health Solutions, Radicalogic Technologies Inc
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What Is Covered In The Healthcare Quality Management Software Global Market Report?
•Market Size Forecast: Examine the healthcare quality management software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the healthcare quality management software market for a structured understanding.
•Key Players Overview: Analyze major players in the healthcare quality management software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the healthcare quality management software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the healthcare quality management software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the healthcare quality management software market.
•Industry Challenges: Identify potential risks and obstacles affecting the healthcare quality management software market.
•Competitive Landscape: Review strategic developments in the healthcare quality management software market, including expansions, agreements, and new product launches.
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