Market Overview:
The global healthcare safety and risk management solutions market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing incidence of hospital-acquired infections (HAIs), rising demand for cloud-based solutions, and growing focus on patient safety. The software segment is expected to dominate the global healthcare safety and risk management solutions market in terms of revenue in 2018. This segment is projected to grow at a CAGR of 11.1% from 2018 to 2030.
Product Definition:
The purpose of healthcare safety and risk management solutions is to protect patients, staff, and visitors from harm. Healthcare facilities are constantly faced with risks that can cause injury or death. Healthcare safety and risk management solutions help to identify and mitigate these risks. Solutions may include training for staff, safety protocols, hazard identification programs, and emergency response plans. The importance of healthcare safety and risk management solutions cannot be overstated. Every patient deserves to be safe in a healthcare facility.
Software:
Software is a collection of procedures, algorithms, and protocols for performing specific tasks. It is used in healthcare to improve the way systems are operated. The factors that propel its growth include rising demand for safety and growing need to curb healthcare expenditure.
The global software industry was valued at USD 215 billion in 2014.
On-premise, Cloud:
On-premise, Cloud and it's usage in Healthcare Safety and Risk Management solutions market is expected to grow at a significant rate over the forecast period. The growth of this market can be attributed to factors such as increasing adoption of cloud technology by small & medium enterprises, cost benefits associated with on-premises deployment model and rapid shift towards digitalization in healthcare industry.
Application Insights:
Based on application, the market has been segmented into hospital, laboratory, pharmaceutical and other industries. The hospital segment dominated the overall industry in terms of revenue in 2017. This is attributed to factors such as increasing prevalence of chronic diseases and an aging population that require regular medical checkups and higher level of healthcare safety & risk management solutions at hospitals.
The pharmaceutical industry is anticipated to witness significant growth over the forecast period owing to factors such as a rise in drug-related accidents & incidents globally which are driving demand for healthcare safety & risk management solutions from this sector. Furthermore, stringent government regulations aimed at improving patient safety are further expected to drive demand from this sector over the forecast period.
The others application segment includes clinics/dental care centers and other non-clinical industries that require appropriate levels of hygiene while handling patients¢â‚¬â„¢ data or material possessions during procedures like surgeries or treatments involving injections etc.
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 and rising awareness among healthcare organizations regarding risk management solutions. Moreover, high adoption of cloud-based technologies in this region is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years due to factors such as improving healthcare infrastructure and growing demand for advanced safety solutions by pharmaceutical companies operating in emerging countries, such as China & India. In addition, increased focus of governments on promoting medical tourism can also be attributed towards market growth during this period. For instance, according to a study published by Directorate-General of Commercial Intelligence & Statistics (DGCI&S)of India; around 1 million tourists visited hospitals classified under three categories namely A1 rating (top ranked), A2 rating (medium ranked) and B3 rating (low rated).
Growth Factors:
- Increasing demand for safety and risk management solutions in the healthcare sector due to the increasing number of patients and rising incidence of hospital-acquired infections (HAIs) and other medical errors.
- Proliferation of health information technology (HIT) and big data analytics, which are helping to drive the adoption of safety and risk management solutions in healthcare organizations.
- The growing focus on patient safety by government agencies, payers, providers, and consumers is also contributing to the growth of this market.
- The increasing demand for cloud-based safety and risk management solutions as a result of their scalability, flexibility, affordability,and ease of deployment/use is also fueling market growth.
- The growing trend towards value-based care is prompting healthcare organizations to adopt more sophisticated safety and risk management solutions that can help improve operational efficiency while reducing costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Safety and Risk Management solutions Market Research Report
By Type
Software, On-premise, Cloud, Services
By Application
Hosptial, Research
By Companies
CareFusion Corporation, Datix Limited,, Health Catalyst, MetricStream, Inc., MRM Group LLC,, RL Solutions, Salus Global Corporation, Quintiles, Inc., The Patient Safety Company
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Safety and Risk Management solutions Market Report Segments:
The global Healthcare Safety and Risk Management solutions market is segmented on the basis of:
Types
Software, On-premise, Cloud, Services
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
Hosptial, Research
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:
- CareFusion Corporation
- Datix Limited,
- Health Catalyst
- MetricStream, Inc.
- MRM Group LLC,
- RL Solutions
- Salus Global Corporation
- Quintiles, Inc.
- The Patient Safety Company
Highlights of The Healthcare Safety and Risk Management solutions 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:
- Software
- On-premise, Cloud
- Services
- By Application:
- Hosptial
- Research
- 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 Safety and Risk Management solutions 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Safety and Risk Management solutions are designed to help organizations identify, assess, and mitigate potential safety and risk issues. Solutions may include risk assessment tools, incident response plans, quality assurance programs, and training programs.
Some of the major players in the healthcare safety and risk management solutions market are CareFusion Corporation, Datix Limited,, Health Catalyst, MetricStream, Inc., MRM Group LLC,, RL Solutions, Salus Global Corporation, Quintiles, Inc., The Patient Safety Company.
The healthcare safety and risk management solutions market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size & Forecast, 2018-2028
4.5.1 Healthcare Safety and Risk Management solutions Market Size and Y-o-Y Growth
4.5.2 Healthcare Safety and Risk Management solutions Market Absolute $ Opportunity
Chapter 5 Global Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Type
5.2.1 Software
5.2.2 On-premise
5.2.3 Cloud
5.2.4 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Applications
6.2.1 Hosptial
6.2.2 Research
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions 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 Safety and Risk Management solutions Analysis and Forecast
9.1 Introduction
9.2 North America Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Type
9.6.1 Software
9.6.2 On-premise
9.6.3 Cloud
9.6.4 Services
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 Safety and Risk Management solutions Market Size Forecast by Applications
9.10.1 Hosptial
9.10.2 Research
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 Safety and Risk Management solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Type
10.6.1 Software
10.6.2 On-premise
10.6.3 Cloud
10.6.4 Services
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 Safety and Risk Management solutions Market Size Forecast by Applications
10.10.1 Hosptial
10.10.2 Research
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 Safety and Risk Management solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Type
11.6.1 Software
11.6.2 On-premise
11.6.3 Cloud
11.6.4 Services
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 Safety and Risk Management solutions Market Size Forecast by Applications
11.10.1 Hosptial
11.10.2 Research
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 Safety and Risk Management solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Type
12.6.1 Software
12.6.2 On-premise
12.6.3 Cloud
12.6.4 Services
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 Safety and Risk Management solutions Market Size Forecast by Applications
12.10.1 Hosptial
12.10.2 Research
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 Safety and Risk Management solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Healthcare Safety and Risk Management solutions 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 Safety and Risk Management solutions Market Size Forecast by Type
13.6.1 Software
13.6.2 On-premise
13.6.3 Cloud
13.6.4 Services
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 Safety and Risk Management solutions Market Size Forecast by Applications
13.10.1 Hosptial
13.10.2 Research
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 Safety and Risk Management solutions Market: Competitive Dashboard
14.2 Global Healthcare Safety and Risk Management solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CareFusion Corporation
14.3.2 Datix Limited,
14.3.3 Health Catalyst
14.3.4 MetricStream, Inc.
14.3.5 MRM Group LLC,
14.3.6 RL Solutions
14.3.7 Salus Global Corporation
14.3.8 Quintiles, Inc.
14.3.9 The Patient Safety Company
