Meticulous Research® – leading global market research company published a research report titled “North America Healthcare Quality Management Market by Software (BI, ), Mode of Delivery (Cloud, Web, On premise), Application (Data, Risk Management) & End User (Hospital, Ambulatory Care, Payor) – Forecast to 2024″.
The North America quality management in healthcare market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2024-by type (business intelligence & analytics, physician quality reporting solutions, clinical risk management solutions, provider performance improvement solutions), mode of delivery (web & cloud-based solutions, on-premise solutions), application (data management, risk management), and end user (hospitals, ambulatory care centers, healthcare payers, government bodies & others). The study also evaluates industry competitors and analyzes the market at country level.
Quality management in healthcare organizations is considered as a means to better meet the needs and expectation of patients and is one of the most effective strategies for improving the health system performance.With increasing complexity of health institutions and system, focus on efficiency and effectiveness, growing pressure on cost-reduction, shifts towards affordable care, government initiatives to improve patient outcomes & safety, rising unstructured data in healthcare, and improving health IT infrastructure, the North America quality management in healthcare market is booming and is expected to grow at a CAGR of 15.8% from 2018 to reach $2.95 billion by 2024.
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Based on types, Business Intelligence & Analytics commanded the largest share of North America healthcare quality management market in 2017, owing to the ability of analytics to extract meaningful, actionable insights from the wealth of raw information that is the key to improve quality and patient outcomes.
Based on the applications, data management dominated the North America quality management in the healthcare market in 2017. Data Processing & Analysis showcase significant adoption and are also expected to witness the highest growth. Factors such as increasing volume of disparate data and the requirement of quality-based reports by regulatory bodies make data management a preferred option for several large healthcare organizations.
Hospitals are the leading adopters of quality management in healthcare and are also expected to witness the fastest CAGR during the forecast period, owing to growing HCIT adoption, increasing focus on quality care and patient safety, significant growth in health care spending and venture capital investments in HCIT, rising medical error rates, increasing healthcare costs, and government mandates to follow quality measures and reporting.
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2015-2018). The key players profiled in the North America quality management in healthcare market research report include McKesson Corporation, Medisolv, Inc., Nuance Communication, Inc., Quantros, Inc., Dimensional Insight, Inc., Dolbey Systems, Inc., Verscend Technologies, Inc., MedeAnalytics, Inc., CitiusTech Inc., Conduent, Inc., ArborMetrix, Inc. (Change Healthcare), Altegra Health, General Dynamics Health Solutions, Cognizant Technology Solutions Corporation, 3M Company, Truven Health Analytics (IBM Watson Health), and Persivia, among others.
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