Patient Safety and Risk Management Software Market by Type (Risk Management, Governance, Risk & Compliance, Claims Management), Deployment Mode (Cloud, Public, Private), End-User (Hospital, Ambulatory Care, Pharmacy), Region - Global Forecasts to 2024

Patient Safety and Risk Management Software Market by Type (Risk Management, Governance, Risk & Compliance, Claims Management), Deployment Mode (Cloud, Public, Private), End-User (Hospital, Ambulatory Care, Pharmacy), Region - Global Forecasts to 2024

“The patient safety and risk management solutions market is projected to grow at a CAGR of 11.2%.”
The global patient safety and risk management solutions market is projected to reach USD 2.2 billion by 2024 from USD 1.3 billion in 2019, at a CAGR of 11.2% during the forecast period. Increasing need to improve patient safety & patient outcomes in the healthcare industry in line with patient safety standards across the globe while enhancing the operational efficiency of healthcare organizations is expected to propel the growth of this market. On the other hand, reluctance to switch from conventional methods and lack of skilled IT professionals are expected to restrain the market growth to a certain extent.

“By type, the risk management & safety solutions segment accounted for the largest market share of the market.”
The risk management & safety solutions segment is excepted to account for the largest share in 2019. The large share of this segment can be attributed to the benefits offered by these solutions such as minimal medical errors & hospital-acquired infections, prevention from patient safety events, efficient compliance, and improving the operational efficiency of healthcare providers.

“The private cloud segment accounted for the largest share of the market”
The private cloud segment is expected to account for the largest share in 2019 due to factors such as the rising end-user preference for high-security solutions and rapid & controlled data access. Deployment via private cloud is gaining preference over other types on account of its proprietary architecture dedicated to a single organization with defined needs and goals.

“APAC is projected to witness the highest growth during the forecast period.”
North America is expected to hold the largest share of the patient safety and risk management solutions market in 2019. On the other hand, Asia Pacific is expected to witness the highest growth during the forecast period. The high growth rate of the APAC region can be attributed to the rising awareness of patient safety and risk management in healthcare and government initiatives to improve patient safety & care quality. Furthermore, a move towards digitizing the healthcare sector in the APAC region is expected to drive market growth during the forecast period.

The breakdown of primary participants was as mentioned below:
By Company Type: Tier 1-30%, Tier 2-45%, and Tier 3-25%
By Designation: C-level-45%, Director Level-35%, and Others-20%
By Region: North America-38%, Europe-25%, Asia Pacific-20%, Latin America-10%, Middle East & Africa-7%

The leading players in this market include RLDatix (Canada), Riskonnect Inc. (US), Verge Health (US), Clarity Group Inc. (US), The Patient Safety Company (Netherlands), RiskQual Technologies (US), Quantros Inc. (US), Conduent Inc. (US), Prista Corporation (US), and Smartgate Solutions Ltd. (UK).

Research Coverage:
The report analyzes the various patient safety and risk management solutions and their adoption pattern. It aims at estimating the market size and future growth potential of the patient safety and risk management solutions market for different segments such as type, deployment mode, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.

This report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the patient safety and risk management solutions market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the patient safety and risk management solutions market
Market Development: Comprehensive information on the lucrative emerging regions by type, deployment mode, end-user, and region
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in patient safety and risk management solutions market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the patient safety and risk management solutions market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
    • LIMITATIONS
  • RESEARCH METHODOLOGY
    • RESEARCH APPROACH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION APPROACH
    • MARKET SHARE ESTIMATION
  • EXECUTIVE SUMMARY
    • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET SNAPSHOT, 2019 VS. 2024
  • PREMIUM INSIGHTS
    • PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS: MARKET OVERVIEW
    • EUROPE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE (2018)
    • GEOGRAPHIC SNAPSHOT OF THE PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET
    • REGIONAL MIX: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • Table MARKET DYNAMICS: IMPACT ANALYSIS
      • KEY MARKET DRIVERS
        • Table TOTAL POTENTIAL COST SAVINGS FROM THE IMPLEMENTATION OF PATIENT SAFETY PLATFORMS IN THE US FOR 2019
      • KEY MARKET RESTRAINTS
      • KEY MARKET OPPORTUNITY
      • KEY MARKET CHALLENGE
        • Table LARGE HEALTHCARE DATA BREACHES IN THE US (2010–2018)
      • KEY MARKET TREND
  • PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE
    • INTRODUCTION
      • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
    • RISK MANAGEMENT AND SAFETY SOLUTIONS
      • RISING FOCUS OF HEALTHCARE PROVIDERS ON ADDRESSING PATIENT SAFETY & RISK MANAGEMENT ASPECTS HAS INCREASED THE DEMAND FOR THESE SOLUTIONS
        • Table RISK MANAGEMENT AND SAFETY SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table RISK MANAGEMENT AND SAFETY SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
    • CLAIMS MANAGEMENT SOLUTIONS
      • GROWING FOCUS ON STREAMLINING CLAIMS PROCEDURES IS DRIVING THE DEMAND FOR THESE SOLUTIONS
        • Table CLAIMS MANAGEMENT SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table CLAIMS MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
    • GOVERNANCE, RISK AND COMPLIANCE SOLUTIONS
      • GROWING INCIDENCE OF MEDICAL ERRORS TO SUPPORT MARKET GROWTH
        • Table GOVERNANCE, RISK, AND COMPLIANCE SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table GOVERNANCE, RISK, AND COMPLIANCE SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
  • PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
    • PRIVATE CLOUD
      • GROWING CONCERNS OVER DATA SECURITY HAVE DRIVEN DEMAND FOR PRIVATE CLOUD-DEPLOYED SOLUTIONS
        • Table PRIVATE CLOUD-DEPLOYED SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
    • PUBLIC CLOUD
      • AFFORDABILITY HAS ENSURED END-USER RELIANCE ON THE PUBLIC CLOUD, BUT NEED FOR SECURITY MAY PUSH ATTENTION TO HYBRID CLOUD
        • Table PUBLIC CLOUD-DEPLOYED SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
    • HYBRID CLOUD
      • HYBRID CLOUDS OFFER THE BENEFITS OF BOTH PRIVATE AND PUBLIC CLOUDS
        • Table HYBRID CLOUD-DEPLOYED SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
  • PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER
    • INTRODUCTION
      • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • HOSPITALS
      • GROWING NEED TO MINIMIZE MEDICAL ERRORS AND ADVERSE EVENTS IS DRIVING THE USE OF PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS IN HOSPITALS
        • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET FOR HOSPITALS, BY COUNTRY, 2017–2024 (USD MILLION)
    • AMBULATORY CARE CENTERS
      • GROWING ADOPTION OF EHRS IN AMBULATORY CARE CENTERS TO SUPPORT MARKET GROWTH
        • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET FOR AMBULATORY CARE CENTERS, BY COUNTRY, 2017–2024 (USD MILLION)
    • LONG-TERM CARE CENTERS
      • LONG-TERM CARE CENTERS ARE THE MOST PREFERRED AND FASTEST-GROWING CARE OPTION FOR ELDERLY PEOPLE
        • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET FOR LONG-TERM CARE CENTERS, BY COUNTRY, 2017–2024 (USD MILLION)
    • PHARMACIES
      • GROWING FOCUS ON REDUCING MEDICATION ERRORS HAS INCREASED THE ADOPTION OF PATIENT SAFETY SOLUTIONS IN PHARMACIES
        • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET FOR PHARMACIES, BY COUNTRY, 2017–2024 (USD MILLION)
    • OTHER END USERS
      • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET FOR OTHER END USERS, BY COUNTRY, 2017–2024 (USD MILLION)
  • PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY REGION
    • INTRODUCTION
      • Table PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • US
        • Table US: KEY MACROINDICATORS
        • Table US: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table US: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table US: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • CANADA
        • Table CANADA: KEY MACROINDICATORS
        • Table CANADA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table CANADA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table CANADA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table EUROPE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • GERMANY
        • Table GERMANY: KEY MACROINDICATORS
        • Table GERMANY: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table GERMANY: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table GERMANY: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • UK
        • Table UK: KEY MACROINDICATORS
        • Table UK: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table UK: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table UK: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • FRANCE
        • Table FRANCE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table FRANCE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table FRANCE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • REST OF EUROPE (ROE)
        • Table ROE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table ROE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table ROE: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • ASIA PACIFIC
      • RISING DEMAND AND SUPPORT FOR PATIENT SAFETY ARE DRIVING MARKET GROWTH IN THE APAC
        • Table APAC: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table APAC: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table APAC: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • LATIN AMERICA
      • DEVELOPMENTS IN HEALTHCARE INFRASTRUCTURE WILL CONTRIBUTE TO THE DEMAND FOR PATIENT SAFETY AND RISK MANAGEMENT
        • Table LATIN AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table LATIN AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table LATIN AMERICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • MIDDLE EAST TO WITNESS HIGH DEMAND FOR HCIT SOLUTIONS IN THE COMING YEARS
        • Table MIDDLE EAST AND AFRICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2017–2024 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: PATIENT SAFETY AND RISK MANAGEMENT SOLUTIONS MARKET, BY END USER, 2017–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE SITUATION AND TRENDS
      • SOLUTION LAUNCHES AND ENHANCEMENTS
        • Table SOLUTION LAUNCHES AND ENHANCEMENTS, JANUARY 2016– JULY 2019
      • AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS
        • Table AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, JANUARY 2016–JULY 2019
      • ACQUISITIONS AND MERGERS
        • Table ACQUISITIONS AND MERGERS, JANUARY 2016–APRIL 2019
      • OTHER STRATEGIES
        • Table OTHER STRATEGIES, JANUARY 2016–APRIL 2019
  • COMPANY PROFILES
    • RLDATIX
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VERGE HEALTH, LLC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • RISKQUAL TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • QUANTROS, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • CLARITY GROUP INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • CONDUENT INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PRISTA CORPORATION
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • RISKONNECT INC. (A PART OF THOMA BRAVO, LLC)
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SMARTGATE SOLUTIONS LTD.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • THE PATIENT SAFETY COMPANY
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • MARKET SIZING & VALIDATION APPROACH
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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