Persistence Market Research: Global Market Study on Healthcare Quality Management - North America to Dominate the Market in Terms of Revenue During the Period of Assessment (2017-2022)
NEW YORK, November 23, 2017 (Newswire.com) - The healthcare quality management market is growing at a brisk pace all over the world. Some of the factors responsible for the growth of this market are the various mandates that the governments across the world have put in place for healthcare providers so that healthcare quality is maintained and improves the performance of care which they provide. Also, there is an increase in the quantity of unstructured data in the healthcare industry and healthcare cost and medical errors need to be brought down. Hence, healthcare quality management is necessary for healthcare organizations. Also, care should be taken to ensure that such kinds of quality management in the healthcare arena is patient-centric. In order to ensure quality in healthcare, adapting and implementing standards and tools is necessary. Also, everyone in the healthcare loop, right from doctors to the nursing and support staff, need to be aware of such processes and standards. The main aim of the healthcare quality management system is to ensure that patients get the best possible services and they are well taken care of.
According to the assessment of Persistence Market Research, the global healthcare quality management market is forecasted to reach a figure of about US$ 3,100 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
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North America Market Set to Dominate the Global Healthcare Quality Management Market in Terms of Revenue
The market in North America is set to dominate the global healthcare quality management market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America healthcare quality management market is the most attractive market, growing at a robust CAGR over the forecast period.
Business Intelligence & Analytics Solutions Segment Slated to Touch a Value of About US$ 1,150 Mn in 2022
According to the projections of Persistence Market Research, the business intelligence & analytics solutions segment is expected to reach a value of about US$ 1,150 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The business intelligence & analytics solutions segment is estimated to account for more than one-third of the revenue share of the software segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
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Hospitals Segment to Exhibit a CAGR of Nearly 12 Percent During the Assessment Period
According to the assessment of Persistence Market Research, the hospitals segment is poised to touch a figure of about US$ 1,200 Mn in the year 2022. This signifies a CAGR of nearly 12 percent during the assessment period from 2017 until the year 2022. The hospitals segment is estimated to account for more than one-third of the revenue share of the end users segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global healthcare quality management market through 2022, which include Cerner Corp., McKesson Corp., Premier Inc., Nuance Communications Inc., Altegra Health Inc., CitiusTech Inc., Dolbey Systems Inc., Surescripts LLC, Medisolv Inc., Quantros Inc. and Truven Health Analytics Inc.
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Source: Persistence Market Research
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