Patient Safety And Risk Management Software Market on Track for Strong Growth, Estimated to Grow at 13.6% CAGR Through 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Patient Safety And Risk Management Software Market Through 2025?
In recent times, the market size of patient safety and risk management software has experienced robust growth. It's expected to expand from $2.31 billion in 2024 to $2.48 billion in 2025, showing a compound annual growth rate (CAGR) of 7.3%. The surge during the historical period is due to the rise in awareness about patient safety, regulatory mandates, emphasis on decreasing medical mistakes, data-infused perspectives, immediate surveillance and notifications, along with efforts towards patient involvement and empowerment.

What's the Projected Size of the Global Patient Safety And Risk Management Software Market by 2029?
Over the coming years, the market size for patient safety and risk management software is predicted to experience substantial growth, anticipated to reach a value of $4.14 billion by 2029, represented by a compound annual growth rate (CAGR) of 13.6%. Several factors, including emphasis on regulatory compliance, advances in data analytics and artificial intelligence (AI), as well as integration with electronic health records (EHR), and efforts to prevent medical errors are contributing to this growth during the forecast period. Major trends projected for this period comprise a shift towards a patient-centric care model, incorporation of data analytics and AI, improved integration with electronic health records (EHR), and concentration on the avoidance of preventable medical mistakes.

View the full report here:
https://www.thebusinessresearchcompany.com/report/patient-safety-and-risk-management-software-global-market-report

Top Growth Drivers in the Patient Safety And Risk Management Software Industry: What's Accelerating the Market?
The growth of the patient safety and risk management software market is expected to be driven by the widespread use of IT in healthcare. Technological advancements in the healthcare field, such as electronic medical records (EMRs), have significantly benefited from IT, enabling the compilation of health data into a uniform database. The recent implementation of digital tools and teleconsultation signifies another significant progress. As per a report by Health Tech Digital in July 2024, around 57% of the UK population showed concerns about the swift implementation of artificial intelligence (AI) in personalized medicine. This indicated that individuals might not have sufficient amount of time for adequate training to ensure the safe utilization of these systems. Besides, 49% of UK residents have reservations about the safety of health data in relation to AI-personalized healthcare. The UK AI market, currently worth more than £16.8 billion (USD 18.39 billion), is expected to soar and reach an estimated value of £801.6 billion (USD 877.26 billion) by 2035. Consequently, the increased use of IT in healthcare is expected to fuel the growth of the patient safety and risk management software market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7170&type=smp

What Trends Will Shape the Patient Safety And Risk Management Software Market Through 2029 and Beyond?
The trend of adopting cutting-edge technologies has emerged as a significant influence in the patient safety and risk management software market. The term innovative technology refers to a process or product in science or technology distinguished by its aspects of production, research, and development. Businesses in the patient safety and risk management software market are concentrating on producing innovative products using the most recent technologies to broaden their customer base and diversify their business products. An example of this trend occured in May 2022, when Mindray, a leading global provider of medical devices and solutions, launched the M-Connect IT Solution. This product aims to enhance clinical workflow and uphold patient safety in hospitals.

What Are the Main Segments in the Patient Safety And Risk Management Software Market?
The patient safety and risk management softwaremarket 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

Subsegments:
1) By Risk Management And Safety Solutions: Incident Reporting Systems, Risk Assessment Tools, Safety Event Management, Patient Safety Culture Assessment Tools
2) By Claims Management Solutions: Claims Processing Software, Claims Tracking Systems, Denial Management Solutions, Payment Processing Solutions
3) By Governance, Risk And Compliance Solutions: Regulatory Compliance Management Software, Policy Management Systems, Audit Management Solutions, Risk Assessment And Mitigation Tools

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7170&type=smp

Which Top Companies are Driving Growth in the Patient Safety And Risk Management Software Market?
Major companies operating in the patient safety and risk management software market include 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.

Which Regions Will Dominate the Patient Safety And Risk Management Software Market Through 2029?
North America was the largest region in the patient safety and risk management software market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient safety and risk management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7170

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.