Healthcare Quality Management Market Size, Share, Industry Trends and Forecast to 2030

Healthcare Quality Management Market Size & CAGR in 2021

The global healthcare quality management market is estimated to have reached a value of USD 2.6 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 12.5% from 2021 to 2028. The market is expected to witness significant growth during this period due to increasing adoption of quality management systems in healthcare organizations.

COVID-19 Impact on Healthcare Quality Management Market

The COVID-19 pandemic has had a profound impact on the healthcare quality management market. Healthcare organizations worldwide have faced unprecedented challenges in delivering quality care while managing the effects of the pandemic. The focus on patient safety, quality improvement, and regulatory compliance has become even more critical in this challenging environment.

Healthcare Quality Management Dynamics

The healthcare quality management market is driven by factors such as increasing emphasis on patient-centered care, growing regulatory requirements, and the need to improve operational efficiency in healthcare organizations. Advancements in technology, such as the adoption of Electronic Health Records (EHR) and Health Information Exchange (HIE) systems, are also driving market growth.

Segments and Related Analysis

The healthcare quality management market can be segmented based on the type of software, mode of delivery, and end user. Quality management software, data analytics software, and risk management software are some of the key segments in the market. Hospitals, ambulatory care centers, and long-term care facilities are the primary end users of these solutions.

By Region Analysis

The healthcare quality management market is analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest market for healthcare quality management due to the presence of well-established healthcare infrastructure and regulatory frameworks.

Key Market Players and Competitive Landscape

Some of the key players in the healthcare quality management market include IQVIA, Cerner Corporation, Medisolv, Inc., Health Catalyst, and Premier, Inc. These companies are focusing on strategic partnerships, acquisitions, and product innovations to maintain their competitive edge in the market.

Recent Happenings in Healthcare Quality Management Market

In recent news, IQVIA announced a collaboration with a leading healthcare organization to develop a comprehensive quality management system for patient safety. This initiative is expected to enhance the delivery of quality care and improve patient outcomes. Additionally, Cerner Corporation introduced a new data analytics software that enables healthcare organizations to optimize their quality improvement efforts.