The Patient Risk Management and Safety market report on the world market encompasses an evaluation of distinct parameters that uplift the growth of the global industry. In addition to this, all the industry manufacturers can utilize the market report to create themselves for facing tough market challenges and further competition in the universal market. Insightful information on notable strategies adopted by vital firms along with their key impact on the industry growth has been administrated in this market document. This Patient Risk Management and Safety market research report gives explanation of market restraints, key drivers, and industry trends that transform the international market either in a positive or negative manner.
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Global patient risk management and safety market is expected to rise with a healthy CAGR of 10.85% in the forecast period of 2019-2026. This rise in market value can be attributed to the high cost of the software. The report contains data of the base year 2018 and historic year 2017.
Few of the major competitors currently working in the global patient risk management and safety market are RLDatix, Verge Solutions, LLC, RiskQual, QUANTROS, INC., Clarity Group, Inc., Conduent, Inc, Prista Corporation, The Patient Safety Company, Ncontracts, Med-IQ, Inc., MetricStream Inc., IQVIA, Health Catalyst, Smartgate Solutions Ltd., Salus Global Corporation, Covance Inc., BD among others.
Market Definition: Global Patient Risk Management and Safety Market
Healthcare safety management is mainly dedicated on minimizing the medication errors, human errors and to improve the different healthcare processes. This is basically a software solution, which provides real time visibility into quality and safety management processes. This system comprises of infection prevention management, risk management, incident reporting, surveillance management, claims management, audit management, and analytics solutions. According to World Health Organizations report, in Europe health-care related adverse events and medical errors arise in 8% to 12% of hospitalizations.
Segmentation: Global Patient Risk Management and Safety Market
Patient Risk Management and Safety Market : By Solutions
- Infection Prevention Management
- Surveillance Management
- Risk Management
- Audit Management
- Claims Management
- Incident Reporting
Patient Risk Management and Safety Market : By Component
Patient Risk Management and Safety Market : By End-User
- Long-Term Care Centers
- Ambulatory Care Centers
Patient Risk Management and Safety Market : By Geography
- North America
- South America
- Middle East and Africa
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Key Developments in the Patient Risk Management and Safety Market:
- In May 2018, Sciformix Corporation (A Subsidiary of Covance Inc.) has launched a platform of new technology which can offer end-to-end solutions for safety & risk management. This expansion will help to overcome the unmet technology services for their life sciences customers
- In July 2018, RL Solutions merged with Datix Limited. Datix Limited is a leading provider of healthcare quality and patient safety software. By this partnership the company will be able create a greater impact on patient safety all over the world
Patient Risk Management and Safety Market Drivers:
- Growing demand to decrease the high healthcare expenditure, is expected to drive the growth of the market
- Increasing cases of hospital-acquired infections also acts as a market driver
- Increasing government initiatives for the improvement of patient safety and patient outcomes also boosts the market growth
- Rising focus on improving patient outcomes can also accelerate the growth of this market
Patient Risk Management and Safety Market Restraints:
- Unwillingness to change from conventional methods, which is restricting the overall adoption of these safety measures can act as a market restraint
- Dearth of skilled IT professionals; this factor is expected to restrict the growth of the market
- High cost of the software also hampers the market growth
Patient Risk Management and Safety Market : Competitive Analysis
Global patient risk management and safety market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of patient risk management and safety market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- The report offers Patient Risk Management and Safety Market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the Patient Risk Management and Safety Market size has been provided.
- The study provides an in-depth analysis of the global Patient Risk Management and Safety Market and current & future trends to elucidate imminent investment pockets.
- Identify growth segments and opportunities in the industry
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