Healthcare IoT Security Market Forecast 2025–2034: Trends Reshaping Demand, Investment, and Innovation
Discover trends, market shifts, and competitive outlooks for the healthcare quality management software industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Current and Projected Market Size of the Healthcare Quality Management Software Market Through 2034?
The market for healthcare quality management software has seen rapid expansion in recent years. Predictions indicate a growth from $1.53 billion in 2024 to $1.75 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. The surge during the previous period is due to several factors including the growing incidence of chronic kidney disease, an aging populace, enhancements in healthcare infrastructure, government initiatives and funding, educational campaigns revolving around kidney health, an increase in diabetes and hypertension cases, and collaborations with healthcare professionals.
In the coming years, the market size for healthcare quality management software is projected to undergo speedy expansion. At a 14.0% Compound Annual Growth Rate (CAGR), it is predicted to reach a value of $2.96 billion by 2029. This growth during the projected period can be ascribed to factors such as the escalating number of CKD cases, the worldwide expansion of healthcare, emphasis on preventive healthcare, rising elderly population, and renal health supportive government policies. Significant trends anticipated for this period involve the adaption of patient-oriented designs, the integration of distance monitoring technology, customizations suitable for pediatric hemodialysis, improvements in ergonomics and posture backing, as well as concentration on infection prevention steps.
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What Are the Primary Drivers Supporting the Market Growth of the Healthcare Quality Management Software Market?
The escalating incidences of medication errors are predicted to stimulate the expansion of the healthcare quality management software market. A medication error is a preventable fault or event that can happen at any point throughout the medication use process, such as prescribing, dispensing, administering, or monitoring. These errors can cause improper medication use or harm to the patient. Healthcare quality management software assists health organizations in thoroughly tracking and recording medication errors. It also enables systematic gathering and scrutiny of data connected to medication errors, which helps establishments in pinpointing patterns, root causes, and trends. For example, in September 2023, a report from the Nationwide Children’s Hospital, a US scholarly pediatric medical center, revealed that the annual rate of medication errors connected to ADHD treatments shot up by 5,235 recorded medication errors, equating to one error for a child every 100 minutes in 2022. Thus, the increasing frequency of medication errors spurs the growth of the healthcare quality management software market. As for the healthcare quality management software market’s growth driver, the surge in healthcare expenditure is propelling the market forward. Healthcare expenditure constitutes the entirety of resources, monetary and otherwise, allocated by a nation, government, or individuals towards the healthcare sector for medical commodities and services. This expenditure aids healthcare quality management software in various ways by allowing organizations to fund tools and technologies that can improve the overall standard of healthcare services. For instance, in May 2023, a report by the Office for National Statistics, a UK governmental department, disclosed that from 2022 to 2023, healthcare expenditure in the UK rose by 5.6%, a significant leap from the 0.9% growth seen in 2022. UK healthcare expenditure amounted to approximately $317.63 billion (£292 billion) in 2023. Therefore, a surge in healthcare expenditure fuels the expansion of the healthcare quality management software market moving forward.
Which Primary Segments of the Healthcare Quality Management Software Market Are Driving Growth and Industry Transformations?
The healthcare quality management software market covered in this report is segmented –
1) By Type: Business Intelligence And Data Analytics Solutions, Clinical Risk Management Solutions, Physician Quality Reporting Solutions, Provider Performance Improvement Solutions
2) By Deployment Mode: Cloud-Based, On-Premises, Web-Based
3) By Application: Data Management, Risk Management, Other Application
4) By End-Use: Hospitals, Ambulatory Surgery Centers, Nursing Homes, Other End-Uses
Subsegments:
1) By Business Intelligence And Data Analytics Solutions: Data Visualization Tools, Predictive Analytics Solutions, Reporting And Dashboards
2) By Clinical Risk Management Solutions: Patient Safety Management, Incident Reporting Software, Risk Assessment And Mitigation Tools
3) By Physician Quality Reporting Solutions: Quality Reporting Software For Physicians, Physician Performance Tracking Tools
4) By Provider Performance Improvement Solutions: Provider Performance Monitoring Software, Performance Improvement Dashboards, Benchmarking And Compliance Tools
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Which Regions Are Key Players in the Growth of the Healthcare Quality Management Software Market?
North America was the largest region in the healthcare quality management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare quality management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Most Significant Market Trends in the Healthcare Quality Management Software Market?
Large firms active in the healthcare quality management software market are crafting novel platforms like dedicated quality management systems (QMS) that aid in simplifying compliance with regulatory norms and support data-informed decision-making for better patient care. A dedicated Quality Management System (QMS) is a type of software solution developed to facilitate and simplify the processes of quality control and regulatory compliance within healthcare entities. For example, Palantir Technologies Inc., a software company based in the US that specializes in data fusion platforms, introduced a dedicated quality management system (QMS) in January 2023. This system is intended to assist life sciences customers in handling their most crucial workflows, including comprehensive analysis of clinical data. The system assists life science establishments in satisfying GxP (good practices) stipulations, which are essential for guaranteeing the safety, quality, and conformity of healthcare and pharmaceutical products. The system can integrate with the existing foundry platform, a tool used for managing and analyzing data. The integration furthers the ability to make decisions based on data.
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What Parameters Are Used to Define the Healthcare Quality Management Software Market?
Healthcare quality management software is a type of software designed to help healthcare organizations manage and improve the quality of care and services they provide. It plays a crucial role in enhancing patient outcomes, ensuring compliance with regulatory standards, and optimizing operational efficiency within healthcare settings.
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