The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare quality management market report forecasts the healthcare quality management market size to grow to $6.87 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

Learn More On The Healthcare Quality Management Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-quality-management-global-market-report

Healthcare Quality Management Market Size Forecast
The global healthcare quality management market is expected to grow from $3.53 billion in 2022 to $4.05 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare quality management market size is expected to grow to $6.87 billion in 2027 at a CAGR of 14.1%.

North America held the largest healthcare quality management market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Healthcare Quality Management Market Driver ­– Rise In The Medical Errors
For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency that is responsible for international public health, the global cost associated with medical errors has been estimated at around US$42 billion annually. Therefore, rising medical errors are driving the healthcare quality management market.

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Key Healthcare Quality Management Market Trend – Product Innovation
Major companies operating in the healthcare quality management market are focusing on advancing the technology used in healthcare quality management systems. For instance, in November 2021, Crothall Healthcare, a US-based provider of healthcare support services partnered with Intelex a Canada-based software company to launch teamQUEST, a dedicated web-based quality management system platform for healthcare providers powered by Intelex. It provides a unified platform to organize the Quality Management System (QMS), allowing it to respond, develop, and evolve more efficiently over time. teamQUEST also provides consistency in operations, boosting the repetition of a certain procedure. The teamQUEST CAPA module helps discover, anticipate and rectify flaws and nonconformances that impede services from achieving client requirements. This is accomplished by monitoring current or anticipated nonconformances to pinpoint the underlying reasons, start containment, and create a suitable action plan to stop further flaws.

Healthcare Quality Management Market Segment
1) By Software Type: Business Intelligence And Analytics Solutions, Physician Quality Reporting Solutions, Clinical Risk Management Solutions, Provider Performance Improvement Solutions
2) By Mode Of Delivery: Web And Cloud Based Solutions, On-Premise Solutions
3) By Application: Data Management, Risk Management
4) By End-User: Hospitals, Ambulatory Care Centers, Payer, Other End Users

Healthcare Quality Management Market Major Players and Strategies
Major players in the healthcare quality management market are Altegra Health Inc., Dolbey Systems Inc., Enli Health Intelligence, Citiustech Inc., Mckesson Corporation, Cerner Corporation, Quantros Inc., Verscend Technologies Inc., Truven Health Analytics (A Subsidiary of IBM Watson Health), Medisolv Inc., Premier Inc., Nuance Communications Inc., Cognizant Technology Solutions Corporation, Conduent Inc., and Dimensional Insight Inc.

In January 2021, Cedar Gate Technologies, a US-based prescriptive analytics, and healthcare performance management company acquired Enli Health Intelligence for an undisclosed amount. The acquisition added population, cohort, and patient management technologies to Cedar Gate’s enterprise value-based care platform to improve outcomes and long-term financial performance. These technologies also include risk and quality measures, gaps in care identification, and patient outreach opportunities. Enli Health Intelligence is a US-based healthcare quality management company.

The Healthcare Quality Management Global Market Report 2023 covers regional data on healthcare quality management market size, healthcare quality management market trends and drivers, opportunities, strategies, and healthcare quality management market competitor analysis. The countries covered in the healthcare quality management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Healthcare quality management is the process of administration of system designs, rules, and procedures that optimize patient care and outcomes while minimizing, if not eliminating patient harm.

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