Quality Management in Healthcare Market by Software (BI, Analytics, Reporting, Performance Improvements), Mode of Delivery (Cloud, Web, On premise), Application (Data, Risk Management) & End User (Hospital, Ambulatory Care, Payor) - Global Forecast to 2023
Quality management in healthcare market is characterized by constant technological advancements to keep pace with the changing industry needs. The growth of this market is fuelled by the government initiatives to improve patient outcomes & safety, rising unstructured data in healthcare, rising geriatric population & burden of chronic diseases, improving health IT infrastructure, and shift towards value-based reimbursements.
Global quality management in healthcare market is expected to reach USD 3,698.1 million by 2023, at a CAGR of 15.0% during the forecast period of 2018 to 2023.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges in the market dynamics segment. The healthcare industry is rapidly shifting from volume-based care (fee-for-service) to a value-based reimbursement structure (fee-for-value) with a population health approach. This approach is patient-centred and uses data from across the healthcare continuum to improve the patient experience of care (quality and satisfaction), improve the health of populations and reduce the cost of care. This is leading to greater adoption of advanced health IT solutions such as analytics, population health management, and quality management solutions. However, lack of IT skills in healthcare industry, and data privacy and security challenges are some of the key factors which may hinder the market growth to some extent.
In addition, the report further gives an extensive outlook on various healthcare industry/facilities/end users adopting quality management solutions across the globe. These end users include hospitals, ambulatory care centers, healthcare payers, government bodies and others. These end user segments further briefly talk about the trends impacting the growth of these markets and the benefits involved with the use of quality management solutions in these verticals to improve overall efficiency and patient outcomes in the healthcare industry.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies North America to be the largest market followed by Europe, Asia-Pacific, and the Rest of the World. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2015-2018).
The key players in the global healthcare quality management market are McKesson Corporation, Medisolv, Inc., Nuance Communication, Inc., Quantros, Inc., Dimensional Insight, Inc., Dolbey Systems, Inc., Verscend Technologies, Inc., MedeAnalytics, Inc., CitiusTech Inc., Conduent, Inc., ArborMetrix, Inc. (Change Healthcare), Altegra Health, General Dynamics Health Solutions, Cognizant Technology Solutions Corporation, 3M Company, Truven Health Analytics (IBM Watson Health), and Persivia, among others.
Key questions answered in the report
Growing adoption of business intelligence & analytics and physician quality reporting solutions to drive the growth of healthcare quality management market
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