North America Patient Safety And Risk Management Software Market Size & Outlook
North America patient safety and risk management software market, 2018-2030 (US$M)
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North America patient safety and risk management software market highlights
- The North America patient safety and risk management software market generated a revenue of USD 1,118.0 million in 2023.
- The market is expected to grow at a CAGR of 11.9% 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.
North America data book summary
| Market revenue in 2023 | USD 1,118.0 million |
| Market revenue in 2030 | USD 2,457.6 million |
| Growth rate | 11.9% (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, North America region accounted for 56.9% 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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North America 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 North America 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 major factor responsible for large market share is the high adoption of healthcare IT services to organize and streamline workflows at healthcare institutions in the U.S., which is further propelled by presence of key market participants in the country. Furthermore, shift from on-premise solutions to healthcare IT solutions is driving the market.
Rise in usage of data analytics in streamlining workflow at healthcare organizations, enhanced patient safety, presence of numerous market participants in the U.S. are some of the key factors boosting market growth in this region.
According to Health IT Analytics in May 2017, researchers from Case Western Reserve University used a deep learning network, which is a subset of AI, to identify breast cancer in pathology images with 100% accuracy. Some of the players operating in the region include RLDatix, Riskonnect, Inc., Verge Solutions, LLC, and Clarity Group, Inc.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America patient safety and risk management software market , including forecasts for subscribers. This continent databook contains high-level insights into North America patient safety and risk management software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America patient safety and risk management software market
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