The healthcare quality management market has witnessed a healthy growth rate during the last decade and is expected to grow at a CAGR of 14.2% between 2017 and 2022 to reach USD 3.31 Billion by 2022.
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Top Key Players
Nuance Communications, Inc. (U.S.), Medisolv, Inc. (U.S.), Truven Health Analytics (U.S.), Cerner Corporation (U.S.), Premier, Inc. (U.S.), McKesson Corporation (U.S.), Verscend Technologies, Inc. (U.S.), Dolbey Systems, Inc. (U.S.), QUANTROS, INC. (U.S.), Altegra Health (U.S.), Enli Health Intelligence (U.S.), and CitiusTech Inc. (U.S.) are the major players in the healthcare quality management market.
- Healthcare service providers
- Healthcare service payers/insurance payers
- Healthcare quality management database and providers
- Healthcare quality management providers
- Healthcare quality reporting registries
- Venture capitalists
- Government bodies
- Business research and consulting firms
Government mandates for healthcare providers to report quality & improve the performance of care provided, increase in the volume of unstructured data in the healthcare industry, and need to curtail healthcare costs & medical errors are the major factors driving the growth of the healthcare quality management market.
However, data security concerns and the high cost of quality reporting are expected to restrain the growth of this market to a certain extent.
Geographically, the global healthcare quality management market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2016, North America dominated the global market.
This region is also expected to grow at the highest CAGR during the forecast period. Factors such as government mandates for healthcare providers to report quality & improve the performance of care provided, increase in the volume of unstructured data in the healthcare industry, increase in healthcare expenditure, rapid growth in the aging population, high rate of medication errors, and increase in funding by government agencies are driving the growth of the healthcare quality management market in North America.