DUBLIN--(BUSINESS WIRE)--The "Healthcare Quality Management Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
Due to the rise in the aging population across the globe and increased healthcare costs, quality management has become an essential part of healthcare systems. As the latest technologies are evolving, the cost of the healthcare services is increasing and this is affecting the performance of healthcare providers in the developing or underdeveloped nations. To obtain the standard level of quality, the government is taking efforts in various nations across the globe. As per the National Institute of Health, the government of the Netherlands has implemented comprehensive health reforms to monitor the quality of care in the country. This reform is helping the country in the establishment of better healthcare services. Such mandates of government are helping in the growth of the healthcare quality management market across the globe. Along with that, other factors such as the increasing amount of unstructured data in healthcare and rising healthcare costs and medical errors are driving healthcare quality management market. However, higher costs of quality reporting systems, data security issues associated with the quality management software is another factor that is hindering the growth of the market.
Key Market Trends
Business Intelligence and Analytics Solutions Segment Holds Significant Market Share
Quality management in healthcare is heavily influenced by BI, as healthcare data is becoming increasingly complex every day. This major concern of healthcare providers is solved with the help of business intelligence, as it deals with a huge amount of data and makes it easier for the providers to manage such data. Business intelligence (BI) is helping the healthcare industry in gaining insights, reducing costs, increasing revenue, and improving patient safety. BI can also help in the improvement of patient care and patient outcomes, by providing evidence-based clinical decision making. This helps physicians in monitoring and predicting the diagnosis for patients. Owing to the ongoing development, quality of the healthcare sector is being influenced by evidence-based medicines and appropriate use of the data. However, factors, such as high cost of software and lack of skilled professionals to handle the BI tools may restrain the growth of this segment.
North America Holds the Largest Share in the Healthcare Quality Management Market
North America accounts for the largest share of the market studied. This can be primarily attributed to better reimbursement facilities provided and involvement of government in the implementation of quality management services, which are expected to augment the growth of the market studied over the forecast period. The increased focus on the quality of healthcare services in the United States is due to the Patient Protection and Accountable Care Act (PPACA), which was signed in the year 2010. This law contains the parameters that are designed to modify the way care is delivered to the Medicare and Medicaid patients and a central objective of improving the quality of the overall healthcare system in the region. The region is observing success in quality management, owing to the presence of physician leadership, infrastructural support, and improvement in the technological aspects of healthcare in the region. Thus, implementation of the PPACA law is helping the nation in healthcare quality management.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Government Mandates for the Healthcare Systems to Improve the Quality and Performance of the Healthcare Providers
4.2.2 Increasing Amount of Unstructured Data in Healthcare
4.2.3 Rising Healthcare Costs and Medical Errors
4.3 Market Restraints
4.3.1 Cost Associated With the Implementation of the Quality Reporting Systems
4.3.2 Data Security Issues Associated With the Quality Management Software
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Software Type
5.1.1 Business Intelligence and Analytics Solutions
5.1.2 Physician Quality Reporting Solutions
5.1.3 Clinical Risk Management Solutions
5.1.4 Provider Performance Improvement Solutions
5.2 Mode of Delivery
5.2.1 Web Based Solutions
5.2.2 Cloud Based Solutions
5.2.3 On-Premise Solutions
5.3.1 Data Management
5.3.2 Risk Management
5.4 End User
5.4.2 Ambulatory Care Centers
5.5.1 North America
184.108.40.206 Rest of Europe
5.5.3 Asia Pacific
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.5.4 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
5.5.5 South America
188.8.131.52 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cerner Corp.
6.1.2 Change Healthcare
6.1.3 CitiusTech Inc.
6.1.4 Dolbey Systems, Inc.
6.1.5 McKesson Corp.
6.1.6 Medisolv, Inc.
6.1.7 Nuance Communications, Inc
6.1.8 Premier, Inc.
6.1.9 Quantros, Inc.
6.1.10 Surescripts, LLC
6.1.11 Truven Health Analytics Inc. (IBM Watson Health)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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