North America to Dominate Global Healthcare Quality Management Market During the Period of Assessment (2017 – 2022)

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The Healthcare quality management focuses on to enhance the efficiency of therapies and boost the satisfaction of the patients by providing them with the needed services. Moreover, healthcare quality management looks for decreasing the cost of healthcare, in addition, to reduce the occurrences of medical errors if not then entirely eliminate them. Therefore, with a growing ageing population and increasing costs of healthcare, quality management in healthcare is becoming increasingly important. The only focus of healthcare quality management is to satisfy all the requirements and wants of the patient as the system has been always patient-centric.

The overall market is growing rapidly and the factors responsible for this expansion of the market are the different directives by the governments across the world, established for the healthcare providers so as to maintain the healthcare quality and enhance the performance of care. The overall healthcare quality management market is expected to record a market value of approximately US$ 3100 Million by 2022 and a robust CAGR throughout 2017-2022.

Based on software, the market is segmented in terms of provider performance improvement solutions, physician quality reporting solutions, business intelligence & analytics solutions and clinical risk management solutions. The physician quality reporting solutions are expected to touch a market valuation of approximately US$ 850 Million throughout 2022 and will be representing a strong CAGR over the projection period of 2017-2022.

Based on end users, the overall market is further segmented into hospitals, ambulatory care centers, payer, ACOS and others. The ambulatory care centers are estimated to touch a valuation of around US$ 325 Million in 2017 along with representing a robust CAGR over the forecasted period.

The application of healthcare quality management is into data management, risk management, on-premise solutions, cloud-based solutions and delivery mode. The data management segment is likely to gain maximum market share and will reach a market value of nearly US$ 2350 Million by the end of 2022. The cloud-based solutions are expected to record a compound CAGR of 12% during 2017-2022.

The global market is analysed across six key regions namely North America, Latin America, Europe, Japan, Asia Pacific excluding Japan and Middle East and Africa. The North American market is expected to lead the overall market among other regions in terms of valuation and is projected for a robust CAGR during the estimation period.

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