Patient Safety and Risk Management Market Report: Trends, Forecast and Competitive Analysis to 2030

Patient Safety and Risk Management Trends and Forecast

The future of the global patient safety and risk management market looks promising with opportunities in the hospital, ambulatory care center, and pharmacy markets. The global patient safety and risk management market is expected to reach an estimated $3.9 billion by 2030 with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are growing concern about medical errors, reducing healthcare cost, and increased adoption of digitization in healthcare sector.

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Patient Safety and Risk Management by Segment

The study includes a forecast for the global patient safety and risk management by type, deployment mode, end use, and region.

Patient Safety and Risk Management Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Risk Management & Safety Solutions
• Claims Management Solutions
• Governance
• Risk & Compliance Solutions

Patient Safety and Risk Management Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:

• Private Cloud
• Public Cloud
• Hybrid Cloud

Patient Safety and Risk Management Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Care Centers
• Pharmacies
• Others

Patient Safety and Risk Management Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Patient Safety and Risk Management Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies patient safety and risk management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the patient safety and risk management companies profiled in this report include-

• Clarity
• Datix
• Fairwarning
• First Databank
• Health Catalyst
• Iatric Systems
• Logicstream Health
• Meditech
• Metavision
• Midas+ Solutions

Patient Safety and Risk Management Market Insights

Lucintel forecasts that risk management & safety solutions is expected to witness highest growth over the forecast period due to increasing demand of patient safety software for easy access to pateint data and its protection in order to provide quality healthcare services for patients.

Within this market, ambulatory care centers is expected to witness highest growth due to rising need to reduce the risk of patient during ambulatory care and effective management of healthcare data by the ambulatory care centers.

North America is expected will remain the largest segment over the forecast period due to growing pateint safety, rising use of data analytics in healthcare systems, and well developed healthcare organization in the region.

Features of the Global Patient Safety and Risk Management Market

Market Size Estimates: Patient safety and risk management market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Patient safety and risk management market size by type, deployment mode, end use, and region in terms of value ($B).

Regional Analysis: Patient safety and risk management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, deployment modes, end uses, and regions for the patient safety and risk management market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the patient safety and risk management market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the patient safety and risk management market size?

Answer: The global patient safety and risk management market is expected to reach an estimated $3.9 billion by 2030.

Q.2 What is the growth forecast for patient safety and risk management market?

Answer: The global patient safety and risk management market is expected to grow with a CAGR of 10.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the patient safety and risk management market?

Answer: The major drivers for this market are growing concern about medical errors, reducing healthcare cost and increased adoption of digitization in healthcare sector.

Q4. What are the major segments for patient safety and risk management market?

Answer: The future of the patient safety and risk management market looks promising with opportunities in the hospital, ambulatory care center, and pharmacy markets.

Q5. Who are the key patient safety and risk management market companies?

Answer: Some of the key patient safety and risk management companies are as follows:

• Clarity
• Datix
• Fairwarning
• First Databank
• Health Catalyst
• Iatric Systems
• Logicstream Health
• Meditech
• Metavision
• Midas+ Solutions

Q6. Which patient safety and risk management market segment will be the largest in future?

Answer: Lucintel forecasts that risk management & safety solutions is expected to witness highest growth over the forecast period due to increasing demand of patient safety software for easy access to pateint data and its protection in order to provide quality healthcare services for patients.

Q7. In patient safety and risk management market, which region is expected to be the largest in next 5 years?

Answer: North America is expected will remain the largest segment over the forecast period due to growing pateint safety, rising use of data analytics in healthcare systems, and well developed healthcare organization in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the patient safety and risk management market by type (risk management & safety solutions, claims management solutions, governance, and risk & compliance solutions), deployment mode (private cloud, public cloud, and hybrid cloud), end use (hospitals, ambulatory care centers, pharmacies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?