Global Quality & Safety Reporting Systems for Healthcare Market Projected to Surpass US$ 2000 Mn by 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. 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. Download Report Table of Content, Figures, and Tables @ http://www.persistencemarketresearch.com/market-research/healthcare-quality-and-safetyreporting-system-market/toc 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. A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/15961 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. Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/healthcare-quality-and-safety-reporting-system-market.asp 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 multidimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Our offerings include pre-built reports that address every major sale, customized solutions to cater to client-specific needs, and consulting services to offer more value addition. Our next-generation research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on nextgeneration technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market. Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset. Contact Us: Persistence Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 Email: [email protected] Website: http://www.persistencemarketresearch.com/ [email protected] Stay updated with our official Blog: http://pmrblog.com
© Copyright 2024