Market Overview:
The global healthcare risk management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based healthcare risk management software and the rising number of hospital-acquired infections (HAIs). On the basis of type, the global healthcare risk management software market can be segmented into on-premise and cloud-based. The on-premise segment is expected to dominate the market during the forecast period owing to its advantages such as low cost and better security features as compared to cloud-based solutions. However, with increasing demand for cloud solutions, especially in developing countries,the cloud-based segment is projectedto grow at a higher CAGR than that of on premise duringthe forecast period.
Product Definition:
Healthcare Risk Management Software is a computer application used to identify, assess and manage risks to the health of patients and staff in a healthcare setting. It helps organizations identify potential hazards, evaluate the associated risks and put into place measures to mitigate those risks.
On-premise:
On-premise software is a type of cloud computing system that involves the installation of the software on computers present within an organization. The data and applications are hosted on physical servers present within the organization's premises. This model has been around for decades, however, in recent years it has experienced a tremendous upsurge in popularity due to its security and privacy benefits over other models such as SaaS (Software as a Service) or PaaS (Platform as a Software).
Cloud-based:
Cloud-based solutions are software services that are hosted by a third party and can be accessed over the internet. The data is stored on the server of the service provider and can be retrieved when needed. Cloud-based solutions offer several advantages such as easy accessibility, cost efficiency, effective management of large data sets, etc., which boosts their demand in healthcare risk management software market.
Application Insights:
The others segment includes home healthcare, ASCs and PRA. The other applications are expected to witness the fastest growth over the forecast period owing to increasing demand from various end-use industries such as medical imaging, laboratories and pharmaceutical companies. Furthermore, an increase in mergers & acquisitions activities among major players is likely to positively impact industry growth over the coming years. For instance, in April 2016 CareFusion acquired Mediware LLC for approximately USD 40 million. This acquisition will enable CareFusion with a competitive advantage in providing solutions for risk management of claims processing and payment processing respectively.
Furthermore, specialty clinics are anticipated to account for a significant market share by 2030 due to rising investments by major players such as Allscripts Healthcare Solutions Inc., Atos SE., Cerner Corporation and Optum Performance Analytics Inc.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing government funding, rising healthcare IT spending by hospitals and other service providers, and growing adoption of EHR software by healthcare organizations. In addition, high incidence of chronic diseases that require continuous monitoring are also driving demand for risk management software in this region.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to factors such as improving healthcare infrastructure and growing awareness about various advanced technologies among end users (patients & physicians). Moreover, rapidly developing economy coupled with increased penetration of insurance services has been fueling growth in this region. Increasing investments by governments & private players for development of innovative solutions will drive growth further.
Growth Factors:
- Increasing demand for risk management software from healthcare sector to manage and mitigate risks
- Rising awareness about the benefits of risk management software among healthcare organizations
- Proliferation of cloud-based risk management software solutions that offer flexibility and scalability
- Growing number of cyber threats targeting the healthcare sector and the need for robust risk management solutions to address these threats
- Emergence of new technologies such as big data, artificial intelligence, and machine learning that are expected to revolutionize the way risk is managed in the healthcare sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Risk Management Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Hospitals, Speciality Clinics, Others
By Companies
RLDatix, QUANTROS, Pharmapod, ECFS, Prista, AHM, Allocate Global, Cerner, Clearwater Compliance, Verge Solutions, Third Rock, PowerHealth Solutions, Emerald Cybersecurity, FIVO, GreyMAR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Risk Management Software Market Report Segments:
The global Healthcare Risk Management Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Speciality Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RLDatix
- QUANTROS
- Pharmapod
- ECFS
- Prista
- AHM
- Allocate Global
- Cerner
- Clearwater Compliance
- Verge Solutions
- Third Rock
- PowerHealth Solutions
- Emerald Cybersecurity
- FIVO
- GreyMAR
Highlights of The Healthcare Risk Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud-based
- By Application:
- Hospitals
- Speciality Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Risk Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare risk management software is a type of software that helps organizations manage their healthcare risks. It can help identify and assess potential healthcare risks, create plans to mitigate those risks, and track progress. Healthcare risk management software can also provide alerts if any of the identified risks materialize.
Some of the major companies in the healthcare risk management software market are RLDatix, QUANTROS, Pharmapod, ECFS, Prista, AHM, Allocate Global, Cerner, Clearwater Compliance, Verge Solutions, Third Rock, PowerHealth Solutions, Emerald Cybersecurity, FIVO, GreyMAR.
The healthcare risk management software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Risk Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Risk Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Risk Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Risk Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Risk Management Software Market Size & Forecast, 2018-2028
4.5.1 Healthcare Risk Management Software Market Size and Y-o-Y Growth
4.5.2 Healthcare Risk Management Software Market Absolute $ Opportunity
Chapter 5 Global Healthcare Risk Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Healthcare Risk Management Software Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Healthcare Risk Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Healthcare Risk Management Software Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Speciality Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Risk Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Risk Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Healthcare Risk Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Healthcare Risk Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Healthcare Risk Management Software Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Healthcare Risk Management Software Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Speciality Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Healthcare Risk Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Healthcare Risk Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Healthcare Risk Management Software Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Healthcare Risk Management Software Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Speciality Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Healthcare Risk Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Healthcare Risk Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Healthcare Risk Management Software Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Healthcare Risk Management Software Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Speciality Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Healthcare Risk Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Healthcare Risk Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Healthcare Risk Management Software Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Healthcare Risk Management Software Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Speciality Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Healthcare Risk Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Healthcare Risk Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Healthcare Risk Management Software Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Healthcare Risk Management Software Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Speciality Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Risk Management Software Market: Competitive Dashboard
14.2 Global Healthcare Risk Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RLDatix
14.3.2 QUANTROS
14.3.3 Pharmapod
14.3.4 ECFS
14.3.5 Prista
14.3.6 AHM
14.3.7 Allocate Global
14.3.8 Cerner
14.3.9 Clearwater Compliance
14.3.10 Verge Solutions
14.3.11 Third Rock
14.3.12 PowerHealth Solutions
14.3.13 Emerald Cybersecurity
14.3.14 FIVO
14.3.15 GreyMAR
