Global Quality and Safety Reporting Systems Market Overview:
Quality and safety reporting systems include anonymous reporting, protected reporting, confidential reporting, mandatory reporting, and open reporting, the system collects and analyzes safety reports submitted by various industrial professional staff. The system reports close calls, suggestions, and incident / event-related information and data to improve the safety of the data used in hospitals, hospitality, banking, and other business organizations.
Growth Drivers
- Growing Requirement of the Quality and Safety Reporting Operation in Various Industries
- Demand for the Quality Operation and Minimized Risk of Safety Incidents and Fine in the Management of the Business Organisations
Roadblocks
- Regulatory Compliances with Hospital Incident-reporting System Hindering the Market
Opportunities
- Surging Demand for the Quality and Safety Reporting Systems in the Aviation and Healthcare Industries
- Technological Advancements in the Software and Systems used in the Quality and Safety Reporting Operations
Challenges
- Technical Glitches in the Quality and Safety Reporting Systems
Competitive Landscape:
Some of the key players profiled in the report are Productivity-Quality Systems, Inc (United States), Intelex Technologies Inc. (Canada), IBM (United States), Gensuite (United States), SAP SE (Germany), Intelex Technologies Inc. (Canada), Datix Limited (United Kingdom), Wolters Kluwer N.V. (Netherlands), The Patient Safety Company (Netherlands), Riskonnect, Inc. (United States) and PowerHealth Solutions (Australia). Considering Market by Industry Verticals, the sub-segment i.e. Hospitality will boost the Quality and Safety Reporting Systems market. Considering Market by Deployment, the sub-segment i.e. On-demand/Cloud Services will boost the Quality and Safety Reporting Systems market. Considering Market by Offering, the sub-segment i.e. Software will boost the Quality and Safety Reporting Systems market.
Latest Market Insights:
On 22nd September 2021, RLDatix, the international leader in governance, risk, and compliance (GRC) solutions for healthcare, announced today the completion of the acquisition of UK-based Allocate Software, a leading provider of human capital management solutions that help healthcare organizations deliver safe and effective care. With the completion of this acquisition, RLDatix cements its position as the global innovator in healthcare GRC, combining its industry-leading patient safety, risk, compliance, and provider management capabilities with Allocate’s leading workforce management solutions.
"The New Jersey Department of Health (DOH) established the Patient Safety Reporting System (PSRS) in compliance with the Patient Safety Act. The statute was designed to improve patient safety in all NJ healthcare facilities by creating a confidential reporting system that allows healthcare facilities to report adverse events and associated root cause analyses (RCAs) to the DOH."
What Can be Explored with the Quality and Safety Reporting Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Quality and Safety Reporting Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Quality and Safety Reporting Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Quality and Safety Reporting Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Quality and Safety Reporting Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Quality and Safety Reporting Systems Providers, Quality and Safety Reporting Systems Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.