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Healthcare Quality And Safety Reporting System Market Expand At The Fastest CAGR Of 12.2% During The Forecast Period 2017 and 2025-Persistence Market Research
Quality and safety reporting system, a healthcare IT system, is utilized across health organisations including primary care units, hospitals, and various other healthcare settings, interpreting patient safety and reporting data. This helps in identifying medical errors or adverse events for improvements in safety and quality for patients. According to a report by Persistence Market Research (PMR), the global quality and safety reporting systems for healthcare market is expected to expand at 11.8% CAGR during the forecast period- 2017 to 2025. In 2016, the market was evaluated at US$ 842.9 Mn and it is anticipated to surpass US$ 2000 Mn in revenues by 2025-end.
Increasing Number of Medical Recalls Expected to Fuel the Market Growth
Surging number of medical device recalls has resulted into a rise in adoption of quality and safety reporting systems, so as to reduce potential medical errors and keep track of medical device components for managing recalls. In addition, growing incidences of medical errors is further fuelling the demand for quality and safety reporting systems in healthcare organisations. Majority of hospitals do not have patient history results. This lack of information regarding patient history has led to improper treatment of patients. Healthcare organisation are therefore adopting quality and safety reporting systems to avoid such severe errors.
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With advancements in healthcare technologies, governments of various emerging countries such as China, Brazil, and India are making significant investments in healthcare sector. Improving economic conditions and surging government spending have resulted in an increase in number of hospitals across these regions. Governments in some of the countries in Asia Pacific (APAC) have approved 100% FDI in healthcare sector. The aforementioned factors are expected to pave growth opportunities for safety and quality reporting system vendors.
Cloud-based Deployment Estimated to Reflect Fastest Growth through 2025
Owing to the implementation of strict federal regulations, there has been an increasing number of installations of quality and safety reporting systems in hospitals, clinics and several other healthcare settings. The hospitals end-user segment dominated the global quality and safety reporting systems for healthcare market in 2016, with more than 60% market share in terms of revenue. Clinics and long-term care centres are expected to exhibit a CAGR of around 12% during the forecast period.
Based on component type, although the software segment is expected to hold the dominant share of the market, the services segment is projected to register a comparatively faster growth during the forecast period. The on-premise deployment type segment is expected to be most lucrative in the global market, and is expected to account for revenues of around US$ 1600 Mn by 2025 end. In addition, cloud-based deployment is expected to register the fastest growth in the global quality and safety reporting systems for healthcare market during the forecast period.
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North America Expected to Dominate the Market during the Forecast Period
North America is expected to exhibit a comparatively high growth in the global quality and safety reporting systems for healthcare market, followed by Europe and Asia Pacific (APAC). The region is estimated to reflect 12.77% CAGR during the forecast period. The growth of market in North America is primarily attributed to factors such as soaring number of Greenfield investments, relaxation of regulatory & tax burdens on the U.S. businesses, and robust adoption of advanced technologies. Europe is expected to be the second-most lucrative region in the global market throughout the forecast period.
Key players identified in the report include
Quantros, Inc.
The Patient Safety Company
Riskonnect, Inc.
Datix Ltd.
MRM Group, LLC
PowerHealth Solutions
Episource, LLC
Binary Fountain Inc.
Ventiv Technology Inc.
ArroHealth (Ciox Health)
Advantmed, LLC
RadicaLogic Technologies, Inc.
Talix, Inc.
Others.
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CLINICAL RISK GROUPING SOLUTIONS Market Strategic Insights and key Business Influencing Factors | Major Players – Emerson Electric Co., Shanghai Ghrepower Green Energy Co., Ltd.
CLINICAL RISK GROUPING SOLUTIONS Market are software solutions designed to improve the overall clinical operations of a facility by categorizing patients in groups depending on the severity of their need and the availability of resources available with the facility. This solution focuses on analyzing the patient data, facility data, resources availability and provides conclusive insights in the form of insights with the help of various technological implementations, such as AI, machine learning and big data.
Global clinical risk grouping solutions market is expected to rise to an estimated value of USD 1084.76 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demands for providing effective administrative solutions for the reduction of incidences of physician burnout, along with adoption of highly effective technological offerings such as AI and machine learning to implement better analytical solutions.
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Competitive Analysis: Global CLINICAL RISK GROUPING SOLUTIONS Market
Few of the major competitors currently working in the global clinical risk grouping solutions market are 3M; Optum, Inc.; Nuance Communications, Inc.; Conduent, Inc.; Cerner Corporation; HBI Solutions, Inc.; 4S DAWN Clinical Software; The Johns Hopkins University; Lightbeam Health Solutions, LLC; Dynamic Healthcare Systems, Inc.; PeraHealth; Health Catalyst; Evolent Health, Inc.; Indegene; Intalere; Change Healthcare; Milliman, Inc.; COTIVITI, INC.; Episource, Med-IQ, Inc. among others.
Key Pointers Covered in the Global CLINICAL RISK GROUPING SOLUTIONS Market Trends and Forecast to 2026
Global CLINICAL RISK GROUPING SOLUTIONS Market New Sales Volumes
Global CLINICAL RISK GROUPING SOLUTIONS Market Replacement Sales Volumes
Global CLINICAL RISK GROUPING SOLUTIONS Market Installed Base
Global CLINICAL RISK GROUPING SOLUTIONS Market By Brands
Global CLINICAL RISK GROUPING SOLUTIONS Market Size
Global CLINICAL RISK GROUPING SOLUTIONS Market Procedure Volumes
Global CLINICAL RISK GROUPING SOLUTIONS Market Product Price Analysis
Global CLINICAL RISK GROUPING SOLUTIONS Market Healthcare Outcomes
Global CLINICAL RISK GROUPING SOLUTIONS Market Cost of Care Analysis
Global CLINICAL RISK GROUPING SOLUTIONS Market Regulatory Framework and Changes
Global CLINICAL RISK GROUPING SOLUTIONS Market Prices and Reimbursement Analysis
Global CLINICAL RISK GROUPING SOLUTIONS Market Shares in Different Regions
Recent Developments for Global CLINICAL RISK GROUPING SOLUTIONS Market Competitors
Global CLINICAL RISK GROUPING SOLUTIONS Market Upcoming Applications
Global CLINICAL RISK GROUPING SOLUTIONS Market Innovators Study
Get Detailed TOC:
https://www.databridgemarketresearch.com/toc/?dbmr=global-clinical-risk-grouping-solutions-market
Key Developments in the Market:
In June 2019, Health Catalyst announced the launch of “Population Health Foundations” solution. This launch is an upgradation of the existing population health technology provided by the organization which will help in provision of valuable insights and analytical views which are of utmost importance for the succession of an organization while providing value-focused healthcare services
In May 2019, HBI Solutions, Inc. announced that they had entered into a partnership with Iatric Systems, Inc. to focus on their enhancement for solutions offerings. This partnership will enhance the levels of IT expenditure of HBI Solutions, Inc. resulting in better prediction services of risk scores provided to healthcare providers for the prevention of any mortality, sepsis, and also reducing the stay of hospitals along with incidences of any re-admission
Scope of the CLINICAL RISK GROUPING SOLUTIONS Market
Global Clinical Risk Grouping Solutions Market By Product (Scorecards & Visualization Tools, Dashboard Analytics Solutions, Risk Reporting Solutions), Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), End-User (Hospitals, Payers, Ambulatory Care Centers, Long-Term Care Centers, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global clinical risk grouping solutions market is expected to rise to an estimated value of USD 1084.76 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demands for providing effective administrative solutions for the reduction of incidences of physician burnout, along with adoption of highly effective technological offerings such as AI and machine learning to implement better analytical solutions.
Clinical risk grouping solutions are software solutions designed to improve the overall clinical operations of a facility by categorizing patients in groups depending on the severity of their need and the availability of resources available with the facility. This solution focuses on analyzing the patient data, facility data, resources availability and provides conclusive insights in the form of insights with the help of various technological implementations, such as AI, machine learning and big data.
Speak to Author :
https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-clinical-risk-grouping-solutions-market
Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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CLINICAL RISK GROUPING SOLUTIONS Market Browse Related Report Here:
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Healthcare Quality And Safety Reporting System Market to Incur High Value Growth at 11.8% CAGR During 2017-2025
Quality and safety reporting system, a healthcare IT system, is utilized across health organisations including primary care units, hospitals, and various other healthcare settings, interpreting patient safety and reporting data. This helps in identifying medical errors or adverse events for improvements in safety and quality for patients. According to a report by Persistence Market Research (PMR), the global quality and safety reporting systems for healthcare market is expected to expand at 11.8% CAGR during the forecast period- 2017 to 2025. In 2016, the market was evaluated at US$ 842.9 Mn and it is anticipated to surpass US$ 2000 Mn in revenues by 2025-end.
Increasing Number of Medical Recalls Expected to Fuel the Market Growth
Surging number of medical device recalls has resulted into a rise in adoption of quality and safety reporting systems, so as to reduce potential medical errors and keep track of medical device components for managing recalls. In addition, growing incidences of medical errors is further fuelling the demand for quality and safety reporting systems in healthcare organisations. Majority of hospitals do not have patient history results. This lack of information regarding patient history has led to improper treatment of patients. Healthcare organisation are therefore adopting quality and safety reporting systems to avoid such severe errors.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/15961
With advancements in healthcare technologies, governments of various emerging countries such as China, Brazil, and India are making significant investments in healthcare sector. Improving economic conditions and surging government spending have resulted in an increase in number of hospitals across these regions. Governments in some of the countries in Asia Pacific (APAC) have approved 100% FDI in healthcare sector. The aforementioned factors are expected to pave growth opportunities for safety and quality reporting system vendors.
Cloud-based Deployment Estimated to Reflect Fastest Growth through 2025
Owing to the implementation of strict federal regulations, there has been an increasing number of installations of quality and safety reporting systems in hospitals, clinics and several other healthcare settings. The hospitals end-user segment dominated the global quality and safety reporting systems for healthcare market in 2016, with more than 60% market share in terms of revenue. Clinics and long-term care centres are expected to exhibit a CAGR of around 12% during the forecast period.
Based on component type, although the software segment is expected to hold the dominant share of the market, the services segment is projected to register a comparatively faster growth during the forecast period. The on-premise deployment type segment is expected to be most lucrative in the global market, and is expected to account for revenues of around US$ 1600 Mn by 2025 end. In addition, cloud-based deployment is expected to register the fastest growth in the global quality and safety reporting systems for healthcare market during the forecast period.
North America Expected to Dominate the Market during the Forecast Period
North America is expected to exhibit a comparatively high growth in the global quality and safety reporting systems for healthcare market, followed by Europe and Asia Pacific (APAC). The region is estimated to reflect 12.77% CAGR during the forecast period. The growth of market in North America is primarily attributed to factors such as soaring number of Greenfield investments, relaxation of regulatory & tax burdens on the U.S. businesses, and robust adoption of advanced technologies. Europe is expected to be the second-most lucrative region in the global market throughout the forecast period.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/15961
Key players identified in the report include Quantros, Inc., The Patient Safety Company, Riskonnect, Inc., Datix Ltd., MRM Group, LLC, PowerHealth Solutions, Episource, LLC, Binary Fountain Inc., Ventiv Technology Inc., ArroHealth (Ciox Health), Advantmed, LLC, RadicaLogic Technologies, Inc., Talix, Inc., SoftTech Health, LLC, Harrington Group International, LLC, Pilgrim Quality Solutions, Inc., Softexpert Software S.A., Intelex Technologies Inc., Ideagen plc, Integrum Management Systems Pty Limited, Meercat Pty Ltd, and Health Matrix Corporation.
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Insights Into The Competitive Scenario Of The Healthcare Quality And Safety Reporting System Market
Quality and safety reporting system, a healthcare IT system, is utilized across health organisations including primary care units, hospitals, and various other healthcare settings, interpreting patient safety and reporting data. This helps in identifying medical errors or adverse events for improvements in safety and quality for patients. According to a report by Persistence Market Research (PMR), the global quality and safety reporting systems for healthcare market is expected to expand at 11.8% CAGR during the forecast period- 2017 to 2025. In 2016, the market was evaluated at US$ 842.9 Mn and it is anticipated to surpass US$ 2000 Mn in revenues by 2025-end.
Request Sample: https://www.persistencemarketresearch.com/samples/15961
Increasing Number of Medical Recalls Expected to Fuel the Market Growth
Surging number of medical device recalls has resulted into a rise in adoption of quality and safety reporting systems, so as to reduce potential medical errors and keep track of medical device components for managing recalls. In addition, growing incidences of medical errors is further fuelling the demand for quality and safety reporting systems in healthcare organisations. Majority of hospitals do not have patient history results. This lack of information regarding patient history has led to improper treatment of patients. Healthcare organisation are therefore adopting quality and safety reporting systems to avoid such severe errors.
With advancements in healthcare technologies, governments of various emerging countries such as China, Brazil, and India are making significant investments in healthcare sector. Improving economic conditions and surging government spending have resulted in an increase in number of hospitals across these regions. Governments in some of the countries in Asia Pacific (APAC) have approved 100% FDI in healthcare sector. The aforementioned factors are expected to pave growth opportunities for safety and quality reporting system vendors.
Cloud-based Deployment Estimated to Reflect Fastest Growth through 2025
Owing to the implementation of strict federal regulations, there has been an increasing number of installations of quality and safety reporting systems in hospitals, clinics and several other healthcare settings. The hospitals end-user segment dominated the global quality and safety reporting systems for healthcare market in 2016, with more than 60% market share in terms of revenue. Clinics and long-term care centres are expected to exhibit a CAGR of around 12% during the forecast period.
Based on component type, although the software segment is expected to hold the dominant share of the market, the services segment is projected to register a comparatively faster growth during the forecast period. The on-premise deployment type segment is expected to be most lucrative in the global market, and is expected to account for revenues of around US$ 1600 Mn by 2025 end. In addition, cloud-based deployment is expected to register the fastest growth in the global quality and safety reporting systems for healthcare market during the forecast period.
Browse Research Report: https://www.persistencemarketresearch.com/market-research/healthcare-quality-and-safety-reporting-system-market.asp
North America Expected to Dominate the Market during the Forecast Period
North America is expected to exhibit a comparatively high growth in the global quality and safety reporting systems for healthcare market, followed by Europe and Asia Pacific (APAC). The region is estimated to reflect 12.77% CAGR during the forecast period. The growth of market in North America is primarily attributed to factors such as soaring number of Greenfield investments, relaxation of regulatory & tax burdens on the U.S. businesses, and robust adoption of advanced technologies. Europe is expected to be the second-most lucrative region in the global market throughout the forecast period.
Key players identified in the report include Quantros, Inc., The Patient Safety Company, Riskonnect, Inc., Datix Ltd., MRM Group, LLC, PowerHealth Solutions, Episource, LLC, Binary Fountain Inc., Ventiv Technology Inc., ArroHealth, Advantmed, LLC, RadicaLogic Technologies, Inc., Talix, Inc., SoftTech Health, LLC, Harrington Group International, LLC, Pilgrim Quality Solutions, Inc., Softexpert Software S.A., Intelex Technologies Inc., Ideagen plc, Integrum Management Systems Pty Limited, Meercat Pty Ltd, and Health Matrix Corporation.
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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Website: https://www.persistencemarketresearch.com
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