Patient safety software market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). The market growth is attributed to the increase in the number of medical errors and an increasing need to ensure patient safety and care. Additionally, government programs to support the healthcare software industry and the growing use of digitalization globally drive the market growth. Furthermore, market players are investing in R&D to developsoftware products and solutions to enhance healthcare providers’ effectiveness and provide patients with high-quality treatment.
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AI and ML employ algorithms to process vast volumes of historical and real-time data, predict results, and suggest treatment alternatives. Furthermore, it’s critical to validate that the AI can yield a return on investment, test it on patients and data from the health system to show its applicability and accuracy in that context, and make sure the AI is simple to implement. Researchers, physicians, and health systems need to be aware of potential roadblocks that could obstruct advancement and jeopardize patient safety as technology develops and grows.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Patient Safety Software Market by Software Type
- Risk management and safety solutions
- Claims management software
- Governance, risk, and compliance solutions
Global Patient Safety Software Market by End-Users
- Hospitals
- Ambulatory Care Centres
- Long-Term Care Centers
- Others (Pharmacies)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- athenahealth, Inc.
- Clarity Group, Inc.
- eClinicalWorks, LLC
- ECRI
- Health Catalyst
- HealthStream
- LogicManager, Inc.
- MetricStream, Inc.
- Ncontracts
- Origami Risk LLC
- Quantros, Inc.
- Radar Healthcare Inc.
- Resolver Inc.
- Riskonnect, Inc.
- RiskWatch International
- RLDatix
- Star Knowledge
- symplr
- The Patient Safety Company
- Verge Solutions, LLC
- VigiLanz Corp.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global patient safety software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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