The rising need to curtail healthcare costs, increasing incidences of medical errors & hospital-acquired infections, and growing government initiatives to improve patient safety and patient outcomes are key drivers of this market.
The rising need to curtail healthcare costs, increasing incidences of medical errors & hospital-acquired infections, and growing government initiatives to improve patient safety and patient outcomes are key drivers of this market.
The high growth of this segment is attributed to the increasing number of adverse events to patients across the globe and the effective utilization of GRC solutions. GRC solutions provide safe, high-quality care to patients while maintaining compliance with industry standards and regulations.
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The high growth rate of this segment can be attributed to the rising need to minimize the risk associated with patient harm. In addition, implementation of patient safety and risk management software is vital for ambulatory care centers as it helps them in the effective management of patient safety events.
The patient safety and risk management software market in APAC is expected to grow at the highest CAGR during the forecast period. Much of this growth is driven by the increasing patient population in this region, rapid return on investment (ROI), and rising government initiatives to improve the patient safety & patient outcomes in healthcare.
Several healthcare organizations in Asia are actively moving towards digitization to streamline their entire workflow and ensure patient care and safety that resulted in an increased demand for patient safety and risk management software to ensure better patient care.
Key Market Players
The key players in the global patient safety and risk management solutions market are Clarity Group Inc. (US), Conduent Inc. (US), Prista Corporation (US), Quantros Inc. (US), Riskonnect Inc. (US), RiskQual Technologies (US), RLDatix (Canada), Smartgate Solutions Ltd. (UK), The Patient Safety Company (Netherlands), and Verge Health (US).
The rising need to curtail healthcare costs, increasing incidences of medical errors & hospital-acquired infections, and growing government initiatives to improve patient safety and patient outcomes are key drivers of this market.
On the other hand, the dearth of in-house IT expertise and the reluctance of healthcare providers to adopt new methods of patient safety and risk management are expected to restrain the growth of the market to a certain extent during the forecast period.
The high growth of this segment is attributed to the increasing number of adverse events to patients across the globe and the effective utilization of GRC solutions.
The high growth rate of this segment can be attributed to the rising need to minimize the risk associated with patient harm.
In addition, the implementation of patient safety and risk management software is vital for ambulatory care centers as it helps them in the effective management of patient safety events.
For More Information, Download the PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231628922The patient safety and risk management software market in APAC is expected to grow at the highest CAGR during the forecast period.
Patient safety is a new health care discipline that highlights and helps in prevention, reduction, analyzing and reporting of medical errors that frequently leads to adverse health care events and risk management.
Also, several health care IT companies have come up with innovative IT solutions that ensure patient safety.
But high implementation cost and lack of in house IT domain knowledge and data security are some of the issues that are restricting the growth of this market during the forecast period from 2016-2024.
Developing markets in Asia Pacific and Latin America are awakening to this concept as one of the major focus areas.
The necessity to improve quality management and outcomes in care delivery environments, have strengthened the health care providers to gauge and select more sophisticated IT solutions in the region.
Thus, owing to the above mentioned factors the patient safety and risk management software market is expected to grow in Asia Pacific and Latin American region.Pre Book Patient Safety and Risk Management Software Market Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=14108=S The major companies having presence in the global patient safety and risk management software market are CareFusion Corporation, Datix Limited, Health Catalyst, MetricStream, Inc., MRM Group LLC, RL Solutions, Salus Global Corporation, Quintiles, Inc. and The Patient Safety Company.
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