Global Healthcare Quality Management Market: Information by Software Type (Business Intelligence and Analytics Solutions, Physician Quality Reporting Solutions, Clinical Risk Management Solutions, Provider Performance Improvement Solutions and others), Mode of Deployment (Web/Cloud-Based, On-Premise), Application (Data Management, Risk Management), End-User (Hospitals, Ambulatory Care Centers, Payers and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2025
Generally, Healthcare Quality Management process involves a systematic evaluation and improvement of the products and services to achieve better quality. Healthcare quality management is related to those who manage the delivery of healthcare services. Healthcare Quality Management Market is expected to register a CAGR of 13.40% to reach USD 4,602.0 Million by 2025. Healthcare quality management seeks to enhance the effectiveness of treatment and boost patient satisfaction with the service. Although a lot of data is created in many hospitals, it is hard to relate to medical big data research and the artificial intelligence industry in healthcare. Thus, implementation OF ’HL7 QRDA-III STU Release2.1’ Guidelines & ICD 10, rise in medical errors, increasing government projects by public and private organizations are taking the growth of the healthcare quality management market. Therefore, this factor supports the market growth of the global healthcare quality management market. Healthcare quality management comprises of measurement, assessment, and improvement steps.
The global healthcare quality management market is segmented based on software type, mode of deployment, application, and end-user respectively. The global healthcare quality management market, based on mode of deployment, has been segregated into web/cloud-based, on-premise. The global healthcare quality management market, based on application, has been segregated into data management, risk management. The global healthcare quality management market, based on end-user, has been segregated into hospitals, ambulatory care centers, payers, and others. Software type, mode of deployment, application, and end-user has segmented the global healthcare quality management market. The market, based on software type, has been categorized as business intelligence and analytics solutions, physician quality reporting solutions, clinical risk management solutions, provider performance improvement solutions, and others.
Geographically the Global Healthcare Quality Management market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. Europe accounts for the second-largest share in the global healthcare quality management market. The presence of a highly developed medical and healthcare infrastructure, high spending on healthcare IT, and rising government initiatives in healthcare quality management services have led to the growth of the healthcare quality management market. Moreover, rapidly increasing technological progresses, and better product and service availability in the region are probable to have a positive impact on the healthcare quality management market in Europe The Americas led the market and accounted for the largest share in 2018, owing to snowballing healthcare spending and healthcare IT adoption. According to the Centers for Medicare and Medicaid Services, the US healthcare outlay grew 3.9% in 2017, reaching USD 3.5 trillion or USD 10,739 per person. These conditions are expected to support market growth in the Americas. The growing need for healthcare insurance and increasing government projects to combat healthcare medical errors are projected to support market growth in this region during the assessment period. The Middle East & Africa healthcare quality management market is segmented into two major regions, namely the Middle East and Africa. Developed countries in the Middle East, such as the UAE and Saudi Arabia are the ones with the maximum share in the healthcare quality management market. Factors such as sophisticated healthcare infrastructure increased healthcare expenditure and growing per capita disposable incomes of the people in these countries are contributing to the large share of the market in this region. Asia-Pacific is projected to be the fastest-increasing market during the forecast period due to constant healthcare developments in developing countries such as India and China. Government healthcare policies related to healthcare will support market growth in this region. For example, in 2016, the Chinese government released its 13th Five Year Plan (2016–2020) that supports high investments in the private healthcare sector and enhancements in the overall healthcare infrastructure in the country. This factor is projected to propel the market growing during the forecast period.
The proposed spectators in the Global Healthcare Quality Management market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Healthcare Quality Management market are concentrating on firming their global ways by entering untouched markets. The projected onlookers in the Global Healthcare Quality Management market are companies like Cerner Corporation (US), Citiustech Inc. (US), Dolbey Systems (US), Enli Health Intelligence (US), Mckesson Corporation (US), Medisolv Inc (US), Nuance Communications (US), Premier, Inc (US), Quantros Inc(US), Truven Health Analytics (US), and Cotiviti Holdings, Inc (US).