Global Healthcare Quality Management Software Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 8.97% during the forecast period, i.e. 2017-2025. The task of quality management software is to achieve quality objectives and policies of a business by improving processes, ensuring customer and staff engagement, lowering cost, and others. The healthcare quality management software can be used by healthcare institutions and organizations due to its efficacy in effectively managing organizational processes.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global healthcare quality management software market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global healthcare quality management software market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamics

The demand for healthcare quality management software market is anticipated to grow over the forecast period due to rising need for quality management of patient data in order to increase focus on patient care. The rising investments in research and developments in field of healthcare, coupled with increased investments in healthcare IT such analytics tools and big data are anticipated to boost the growth of global healthcare quality management software market. According to IBEF, in 2018, Indian government has approved financial outlay of US$ 170.14 million for the setup of All India Institute of Medical Sciences (AIIMS) in Deoghar, Jharkhand. Moreover, according to the Massachusetts Technology Transfer Center (MTTC), the interest of venture healthcare investors has increased in computational methods such as artificial intelligence, due to their efficacy in quality management of enterprise data. However, less awareness and necessity of quality management tools among mid-sized and small market players, coupled with high cost of the software and lack of skilled software professionals required to operate the quality management software tools can restrain the growth of the market.

Segment Analysis

The business intelligence and analytics segment is expected to grow significantly over the forecast period, owing to increase in healthcare data and emerging demand for effective software solutions to manage huge amount of data. Growing requirement for reduction of medical errors, coupled with introduction of advanced healthcare analytics tools such as predictive and prescriptive tools are expected to boost the growth of the segment. Furthermore, introduction of healthcare business intelligence systems such as Clinical decision support (CDS) system is expected to escalate the growth of business intelligence and analytics segment.

Among application segment, the use of healthcare QMS in managing volume of healthcare data is expected to rise due to exponential increase in data volume over the forecast period. The ability of QMS in data processing, abstraction of unstructured data and generating medical reports is expected to step up the demand for QMS in the healthcare industry. Furthermore, utilization of quality management software in keeping record of patient registration, consulting appointment management, bed & ward management, staff management and others can boost the market growth significantly.

Regional Analysis

The global healthcare quality management software market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is anticipated to dominate the healthcare quality management software market, due to well-established IT and healthcare industry in the region. Higher adoptation of compliance and safety standards by healthcare industry is expected to fuel the growth of quality management software market in the region. Regulations by ISO 9001, AS9100, US Food and Drug Administration (FDA), ISO 9000, and others to ensure the standards of quality management systems is anticipated to drive the growth of the market in the region. Furthermore presence of key players such as McKesson Corporation, Nuance Communications, and others, coupled with presence of skilled software professionals in the region are expected to boost the growth of healthcare quality management software market.

Global Healthcare Quality Management Software Market Size, Share Analysis By Region 2017

Europe and Asia pacific are anticipated show continuous growth over the forecast period, due to presence of advanced healthcare infrastructure in Europe and continuously growing IT sector in countries such as India and Singapore. Furthermore, expanding healthcare sector in India can contribute greatly in escalating the growth of healthcare quality management software market. According to Indian Brand Equity Foundation (IBEF), the healthcare market is expected to grow three-fold to US$ 133.44 billion by 2022. Middle East and Africa held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Healthcare Quality Management Software Market Study Objective

1. To forecast the market size of healthcare quality management software market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of healthcare quality management software market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of healthcare quality management software market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of healthcare quality management software market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the healthcare quality management software market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The major players operating in healthcare quality management software market include Dimensional Insight Inc., McKesson Corporation, Quantros Inc., Altegra Health, Medisolv Inc., Verscend Technologies Inc., Nuance Communication Inc., 3M Company, Dolbey Systems Inc., General Dynamics Health Solutions, ArborMetrix Inc., and others. Leading players are engaged in merger and acquisition activities in order to provide high-performing healthcare software tools and systems and to ensure the continuation of their dominance in global market. For instance, in August 2017, Allscripts, a global leader in healthcare technology, announced the acquisition of Enterprise Information Solutions of McKesson to offer highly comprehensive health information solutions and technology.

Global Healthcare Quality Management Software Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.