Healthcare Quality Management Software Market To Reach $3.1 Billion By 2030

Healthcare Quality Management Software Market Growth & Trends

The global healthcare quality management software market size is expected to reach USD 3.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.24% from 2023 to 2030. The market growth can be attributed to increasing regulatory requirements on healthcare providers to improve patient safety and quality. Additionally, the rise in medical errors and the growing volume of unstructured data in hospitals contribute to the market's expansion.

The healthcare industry is experiencing a surge in unstructured data, leading to an increase in medical errors and rising costs. According to a study published in the International Journal of Africa Nursing Sciences in 2020, the prevalence of medication errors accounts for 32.1%. The growing recognition of patient safety's significance is anticipated to fuel the adoption of quality management software. A study published in Sage Journals in 2022 revealed that implementing quality management systems (QMS) led to increased patient satisfaction for 83% of participants. Additionally, 91.8% of respondents reported improvement in hospital reputation. This highlights the important role of quality management software in enhancing patient safety and overall hospital performance.

The COVID-19 pandemic has had a significant impact on the market. It has created opportunities for QMS software providers, as medical professionals realized the importance of QMS software in managing patient care and operations more efficiently and effectively. As healthcare systems continue to adapt to the ongoing challenges posed by the pandemic, QMS software solutions will remain critical to ensuring high-quality patient care and efficient operations in the healthcare industry.

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Healthcare Quality Management Software Market Report Highlights

• Based on the type, business intelligence and data analytics solutions held the largest market share in 2022 and are expected to witness the fastest growth in the forecast period

• The increasing use of data analytics solutions, which enable healthcare providers to process large amounts of data, identify patterns and trends, and gain insights to improve patient outcomes, reduce costs, and increase operational efficiency

• Based on the application, the data management segment dominated the market in 2022, owing to the increasing volume of inconsistent healthcare data and the rising demand from regulatory organizations for reports that meet strict quality standards

• Based on deployment, the cloud-based segment accounted for maximum portion of the market in 2022, owing to the flexibility provided by cloud-based solutions, which allow healthcare organizations to easily adjust their software usage to meet changing regulatory requirements and operational needs

• Based on end-use, hospital segment held the largest market share in 2022, owing to the increasing focus on patient safety, the rise in medical error rates, and the adoption of healthcare information technology

• North America dominated the market owing to government mandatary regulatory requirements and increasing spending

• The Asia Pacific region is expected to be the fastest growing market. This is due to the growing number of hospitals in the region and significant developments in healthcare infrastructure

Healthcare Quality Management Software Market Segmentation

Grand View Research has segmented the global healthcare quality management software market on the basis of type, application, deployment mode, end-use, and region:

Healthcare Quality Management Software Type Outlook (Revenue, USD Million, 2018 - 2030)

• Business intelligence and data analytics solutions

• Clinical risk management solutions

• Physician quality reporting solutions

• Provider performance improvement solutions

Healthcare Quality Management Software Application Outlook (Revenue, USD Million, 2018 - 2030)

• Data management

• Risk management

• Others

Healthcare Quality Management Software Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud-based

• On-premises

• Web Based

Healthcare Quality Management Software End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory surgery centers

• Nursing homes

• Other healthcare providers

Healthcare Quality Management Software Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

  • Colombia

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of the Healthcare Quality Management Software Market

• MorCare

• Karminn Consultancy Network

• Intelex Technologies

• EFFIVITY

• Okkala Solutions Private Limited

• MEG

• Premier, Inc.

• Qualityze Inc.

• Title21 Software, Inc.

• OdiTek Solutions

• Ideagen