The augmenting government initiatives to implement quality services in the healthcare sector are primarily responsible for market growth. With a surge in unstructured data in the medical industry, the demand for the system that can bring down cost along with the errors is highly demanded in the market. Patient-centric systems are gaining preference for their high acceptance rate. Such management systems aid in bringing the entire community that includes doctors and nurses of any medical institutions with respect to the standard protocols and processes. Both the applications, risk management as well as data management are gaining preference amongst different healthcare end-users. Hospitals as end-user are expected to contribute a huge chunk of the revenue in the market. Other prominent end-users in the market include ambulatory care centers and ACOs. In the software segment, business intelligence and analytics solutions are forecasted to hold major market share. North America is projected to lead the global market in the coming years in terms of growth. Prominent market players are developing advanced and cost-effective solutions to enhance their product profile. Established players profiled in the global healthcare quality management market are McKesson Corp., Quantros, Inc. Nuance Communications, Inc., Dolbey Systems, Inc., Truven Health Analytics Inc., CitiusTech Inc., and Cerner Corp.
The healthcare quality management market is growing at a brisk pace all over the world. Some of the factors responsible for the growth of this market are the various mandates that the governments across the world have put in place for healthcare providers so that healthcare quality is maintained and improve the performance of care which they provide. Also, there is an increase in the quantity of unstructured data in the healthcare industry and healthcare cost and medical errors need to be brought down. Hence, healthcare quality management is necessary for healthcare organizations. Also, care should be taken to ensure that such kind of quality management in the healthcare arena is patient-centric. In order to ensure quality in healthcare, adapting and implementing standards and tools is necessary. Also, everyone in the healthcare loop, right from doctors to the nursing and support staff need to be aware of such processes and standards. The main aim of the healthcare quality management system is to ensure that patients get the best possible services and they are well taken care of.
According to the assessment of Persistence Market Research, the global healthcare quality management market is forecasted to reach a figure of about US$ 3,100 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
North America Market Set to Dominate the Global Healthcare Quality Management Market in Terms of Revenue
The market in North America is set to dominate the global healthcare quality management market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America healthcare quality management market is the most attractive market, growing at a robust CAGR over the forecast period.
Business Intelligence & Analytics Solutions Segment Slated to Touch a Value of About US$ 1,150 Mn in 2022
According to the projections of Persistence Market Research, the business intelligence & analytics solutions segment is expected to reach a value of about US$ 1,150 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The business intelligence & analytics solutions segment is estimated to account for more than one-third of the revenue share of the software segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
Hospitals Segment to Exhibit a CAGR of Nearly 12% During the Assessment Period
According to the assessment of Persistence Market Research, the hospitals segment is poised to touch a figure of about US$ 1,200 Mn in the year 2022. This signifies a CAGR of nearly 12% during the assessment period from 2017 till the year 2022. The hospitals segment is estimated to account for more than one-third of the revenue share of the end users segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global healthcare quality management market through 2022, which include Cerner Corp., McKesson Corp., Premier, Inc., Nuance Communications, Inc., Altegra Health, Inc., CitiusTech Inc., Dolbey Systems, Inc., Surescripts, LLC, Medisolv, Inc., Quantros, Inc. and Truven Health Analytics Inc.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Persistence Market Research
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Quality Management Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global healthcare quality management market is explored in great detail, and the market dynamics of the global healthcare quality management market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global healthcare quality management market. Besides, competition landscape of the global healthcare quality management market is also covered in this report, giving information about the key companies operating in the global healthcare quality management market.
In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global healthcare quality management market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, the healthcare quality management market is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the healthcare quality management market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global healthcare quality management market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global healthcare quality management market analysis and forecast by software, end users, application, delivery mode and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global healthcare quality management market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global healthcare quality management market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global healthcare quality management market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global healthcare quality management market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
Persistence Market Research leverages a proven and tested research methodology to determine the revenue estimations of the global healthcare quality management market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global healthcare quality management market.