Europe Patient Safety And Risk Management Software Market Size & Outlook
Europe patient safety and risk management software market, 2018-2030 (US$M)
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Europe patient safety and risk management software market highlights
- The Europe patient safety and risk management software market generated a revenue of USD 621.9 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, risk management & safety solutions was the largest revenue generating software type in 2023.
- Risk Management & Safety Solutions is the most lucrative software type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 621.9 million |
| Market revenue in 2030 | USD 1,398.9 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Risk management & safety solutions |
| Fastest growing segment | Risk Management & Safety Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Risk Management & Safety Solutions |
| Key market players worldwide | Health Catalyst Inc, Conduent Inc, Clarity Pharmaceuticals Ltd, Riskonnect, Origami Risk, RLDatix, symplr, Verge Health, Riskqual Technologies, Quantros, The Patient Safety Co |
Other key industry trends
- In terms of revenue, Europe region accounted for 31.7% of the global patient safety and risk management software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 373.7 million by 2030.
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Patient Safety And Risk Management Software Market Scope
Patient Safety And Risk Management Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe patient safety and risk management software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to patient safety and risk management software market will help companies and investors design strategic landscapes.
Risk management & safety solutions was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe patient safety and risk management software market based on risk management & safety solutions covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in Europe is under pressure, owing to various key factors such as rising costs, increasing prevalence of chronic conditions, rising frequencies of medical errors, rapidly aging population, growing demand for treatments, and declining healthcare workforce. The industry also faces issues due to structural inefficiencies in certain European countries. A shift toward value-based healthcare is expected to strengthen the demand for better patient outcomes at a more sustainable cost.
In addition, multiple government initiatives supporting the development of healthcare IT, increase in need to comply with the regulatory guidelines, and improvements in the healthcare infrastructure are further driving the market in the region.
Increasing incorporation of AI in risk management platform is further enhancing patient safety by contributing to early disease detection, accurate diagnosis, identification of new observations or patterns in human physiology, and development of personalized diagnostics and therapeutics. This, in turn, is anticipated to drive the market over the coming years.
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Our clientele includes a mix of patient safety and risk management software market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe patient safety and risk management software market , including forecasts for subscribers. This continent databook contains high-level insights into Europe patient safety and risk management software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe patient safety and risk management software market
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