About Health Care Quality Management Software
The health care quality management software market is expected to witness the rise during the forecasted period due to the need for smart technology to care for the efficiency and effectiveness in the healthcare industry for proper care of patient customers. The assurance of the quality of products and services is very necessary for the highly regulated healthcare industry. The health care quality management software is used in highly regulated industries like life sciences and pharma which deals with the complex product development lifecycle of pharmaceutical, biotech, and medical devices products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Health Care Quality Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nuance Communications, Inc. (United States), Symplr (Vendor Credentialing Service LLC) (United States), Greenlight Guru ( United States), Dassault Systemes (France), Quantros Inc. (United States), Medisolv, Inc (United States), CitiusTech Inc. (United States), Arena Solutions (United States), Truven Health Analytics (United States) and ETQ, LLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Health Care Quality Management Software market by Type (Business Quality Analytics and Physician Quality Reporting), Application (Hospitals, Ambulatory Care Centers, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Health Care Quality Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud/Web-based will boost the Health Care Quality Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Business Intelligence & Analytics Solutions will boost the Health Care Quality Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. One Time License will boost the Health Care Quality Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Augmented Reality in Health Care Quality Management Software
Market Growth Drivers:
Need for Smart Technology in Managing the Business and Patient Care Quality and The Demand for the Efficiency and Effectiveness in Healthcare Industry
Challenges:
Regulatory Guidelines on Health Care Quality Management Software and Technical Troubleshoot and Upgradation Related Issues
Restraints:
Data Privacy Related Risks Associated with Health Care Quality Management Software
Opportunities:
The Focus on Patient-Customer Experience Personalization will Boost the Health Care Quality Management Software
Market Leaders and their expansionary development strategies
On 14 Feb 2020, Symplr, announced that it has acquired The Patient Safety Company (“TPSC”) from Main Capital Partners (“Main”). Financial terms were not disclosed. The combination of simple and the Netherlands-based TPSC expands the healthcare industry’s leading end-to-end GRC platform of scale to include patient safety and incident tracking and reporting. Symplr’s platform now offers an end-to-end solution encompassing provider data management, credential management, workforce management, and patient safety, addressing the full spectrum of healthcare labor regulatory requirements while also improving patient outcomes and quality of service.
On 28th Feb 2020, CitiusTech, a leading provider of healthcare technology services and solutions, has received the National Committee for Quality Assurance (NCQA) Healthcare Effectiveness Data and Information Set (HEDIS) certification for BI-Clinical, its healthcare quality management, and analytics platform. BI-Clinical has been certified by NCQA for its 2020 HEDIS coverage performance measures, including administrative and hybrid measures, allowable adjustment and Electronic Clinical Data System (ECDS) rules, and systematic sampling.
Key Target Audience
Health Care Quality Management Software Developers, Health Care Quality Management Industry Associations, Potential Investors, Research and Development Institutes, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.