The global healthcare quality management software market accounted for USD 1.33 billion in 2023 and is expected to reach at USD 5.23 billion by 2034 with a CAGR of 13.25% during the forecast period 2024-2034. Escalating healthcare costs, expanding unorganized medical data, rising instances of medical errors, government emphasis on value-based healthcare, leading to regulations mandating enhanced patient safety & improved clinical results, growing demand for quality management software in healthcare, rise in medical tourism, surge in number of patients visiting to hospitals & healthcare centers, advancing technology, and increasing launch of healthcare quality management software are some of the key factors boosting the market growth.
Increasing launch of healthcare quality management software is predicted to boost the market growth during the forecast period. The quality management system plays a crucial role in the daily operations of the healthcare sector, aiding professionals in attaining their quality objectives. Additionally, Quality Management Software for Healthcare enables the identification of areas requiring substantial enhancements, thereby refining overall hospital performance. For instance, in November 2023, AMN Healthcare, a pioneer in total talent solutions encompassing healthcare workforce technology, has unveiled ShiftWise Flex, an advanced vendor management system (VMS) that utilizes cutting-edge functionalities and automation. This system enables healthcare organizations to establish a financially viable and adaptable workforce, allowing them to fulfill their healthcare objectives effectively.
By type, business intelligence and data analytics solutions was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the increasing significance of quality management, rising uptake in using clinical & operational data analysis to enhance quality, and growing introduction of sophisticated business intelligence & analytical solutions. For instance, in March 2022, Snowflake introduced a cloud-based platform tailored for the healthcare sector, which combines its primary data warehousing, analytics, and business intelligence services with a data marketplace and consulting services available on demand. Additionally, clinical risk management solutions is predicted to grow at the fastest CAGR during the forecast period owing to the growing emphasis on compliance and adherence.
By deployment mode, cloud-based was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the flexibility offered by cloud-based solutions enables organizations to effortlessly adapt their software usage to comply with evolving regulatory standards and operational demands, leading to the emergence of new platforms. Cloud-based systems minimize initial expenses, facilitate seamless data exchange & cooperation, and offer convenient remote access. For instance, in March 2022, Microsoft has declared the wide availability of Azure Health Data Services, a cloud-based platform designed to handle and analyze diverse types of patient data. This platform, operating as a service (PaaS), assists organizations in managing various forms of protected health information (PHI) spread across numerous data repositories. It enables them to efficiently handle and interpret patient data with reduced time and resource investment. Additionally, web-based is predicted to grow at the fastest CAGR during the forecast period as the advantage of a web-based system is that users may access it from anywhere as long as they have a link to the internet.
By application, data management was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the growing amount of healthcare data that lacks consistency, increasing need from regulatory entities for reports that adhere to stringent quality criteria. Government agencies and accrediting organizations mandate healthcare providers to submit detailed reports covering a range of quality metrics, including patient outcomes, safety protocols, and adherence to best practices. Additionally, risk management is predicted to grow at the fastest CAGR during the forecast period owing to the improving patient safety & reducing liabilities for healthcare organizations is becoming increasingly important, leading to the introduction of advanced software solutions. Through the use of efficient risk management software, healthcare providers can document and monitor incidents, enabling them to identify risks proactively, uphold regulatory standards, and prevent potential harm. For instance, in September 2023, symplr, a prominent provider of enterprise healthcare operations software, has unveiled symplr Survey Management software, a crucial component of any health system's risk assessment strategy. This software fosters and quantifies a culture of compliance within healthcare organizations through tailored tools and a secure platform.
By end-user, hospital was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the heightened emphasis on patient safety, increase in medical error, growing adoption of healthcare information technology, and surge in the introduction of innovative platforms. For instance, in March 2023, Nuance Communications, Inc., now part of Microsoft, unveiled Dragon Ambient eXperience (DAX) Express, an integrated clinical documentation application that seamlessly merges established conversational and ambient AI technologies with OpenAI's latest and most advanced model, GPT-4. Additionally, ambulatory surgery center is predicted to grow at the fastest CAGR during the forecast period owing to the rise in medical errors underscores the importance of implementing an efficient Quality Management System (QMS) to enhance patient safety, alongside the cost-saving benefits associated with quality management practices.
North America region is anticipated for the highest revenue share during the forecast period owing to the uptick in product launches by key industry players, accompanied by intensified efforts from CMS to transition towards value-based care, and increase in approvals from regulatory agencies. For instance, in December 2023, Medisolv, Inc., a prominent provider of healthcare quality data management software, is excited to announce that the Medisolv Clinical Registry has been certified by the Centers for Medicare & Medicaid Services (CMS) as a Qualified Clinical Data Registry (QCDR) for the 2024 Merit-based Incentive Payment System (MIPS) reporting program. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increase in the quantity of hospitals, rise in healthcare expenditure, growing adoption of IT solutions within hospital settings, surge in efforts to enhance the provision of quality care services, and growing partnerships among industry stakeholders. For instance, in April 2024, Fundiin and Medpro recently commemorated their strategic partnership with a signing ceremony, heralding the introduction of a Buy Now Pay Later (BNPL) payment option across more than 200 hospitals and medical centers in Vietnam. This collaboration aims to offer individuals increased access to flexible financial solutions for top-notch medical services.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Increasing launch of healthcare quality management software is predicted to boost the market growth during the forecast period. The quality management system plays a crucial role in the daily operations of the healthcare sector, aiding professionals in attaining their quality objectives. Additionally, Quality Management Software for Healthcare enables the identification of areas requiring substantial enhancements, thereby refining overall hospital performance. For instance, in November 2023, AMN Healthcare, a pioneer in total talent solutions encompassing healthcare workforce technology, has unveiled ShiftWise Flex, an advanced vendor management system (VMS) that utilizes cutting-edge functionalities and automation. This system enables healthcare organizations to establish a financially viable and adaptable workforce, allowing them to fulfill their healthcare objectives effectively.
By type, business intelligence and data analytics solutions was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the increasing significance of quality management, rising uptake in using clinical & operational data analysis to enhance quality, and growing introduction of sophisticated business intelligence & analytical solutions. For instance, in March 2022, Snowflake introduced a cloud-based platform tailored for the healthcare sector, which combines its primary data warehousing, analytics, and business intelligence services with a data marketplace and consulting services available on demand. Additionally, clinical risk management solutions is predicted to grow at the fastest CAGR during the forecast period owing to the growing emphasis on compliance and adherence.
By deployment mode, cloud-based was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the flexibility offered by cloud-based solutions enables organizations to effortlessly adapt their software usage to comply with evolving regulatory standards and operational demands, leading to the emergence of new platforms. Cloud-based systems minimize initial expenses, facilitate seamless data exchange & cooperation, and offer convenient remote access. For instance, in March 2022, Microsoft has declared the wide availability of Azure Health Data Services, a cloud-based platform designed to handle and analyze diverse types of patient data. This platform, operating as a service (PaaS), assists organizations in managing various forms of protected health information (PHI) spread across numerous data repositories. It enables them to efficiently handle and interpret patient data with reduced time and resource investment. Additionally, web-based is predicted to grow at the fastest CAGR during the forecast period as the advantage of a web-based system is that users may access it from anywhere as long as they have a link to the internet.
By application, data management was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the growing amount of healthcare data that lacks consistency, increasing need from regulatory entities for reports that adhere to stringent quality criteria. Government agencies and accrediting organizations mandate healthcare providers to submit detailed reports covering a range of quality metrics, including patient outcomes, safety protocols, and adherence to best practices. Additionally, risk management is predicted to grow at the fastest CAGR during the forecast period owing to the improving patient safety & reducing liabilities for healthcare organizations is becoming increasingly important, leading to the introduction of advanced software solutions. Through the use of efficient risk management software, healthcare providers can document and monitor incidents, enabling them to identify risks proactively, uphold regulatory standards, and prevent potential harm. For instance, in September 2023, symplr, a prominent provider of enterprise healthcare operations software, has unveiled symplr Survey Management software, a crucial component of any health system's risk assessment strategy. This software fosters and quantifies a culture of compliance within healthcare organizations through tailored tools and a secure platform.
By end-user, hospital was the highest revenue-grossing segment in the global healthcare quality management software market in 2023 owing to the heightened emphasis on patient safety, increase in medical error, growing adoption of healthcare information technology, and surge in the introduction of innovative platforms. For instance, in March 2023, Nuance Communications, Inc., now part of Microsoft, unveiled Dragon Ambient eXperience (DAX) Express, an integrated clinical documentation application that seamlessly merges established conversational and ambient AI technologies with OpenAI's latest and most advanced model, GPT-4. Additionally, ambulatory surgery center is predicted to grow at the fastest CAGR during the forecast period owing to the rise in medical errors underscores the importance of implementing an efficient Quality Management System (QMS) to enhance patient safety, alongside the cost-saving benefits associated with quality management practices.
North America region is anticipated for the highest revenue share during the forecast period owing to the uptick in product launches by key industry players, accompanied by intensified efforts from CMS to transition towards value-based care, and increase in approvals from regulatory agencies. For instance, in December 2023, Medisolv, Inc., a prominent provider of healthcare quality data management software, is excited to announce that the Medisolv Clinical Registry has been certified by the Centers for Medicare & Medicaid Services (CMS) as a Qualified Clinical Data Registry (QCDR) for the 2024 Merit-based Incentive Payment System (MIPS) reporting program. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increase in the quantity of hospitals, rise in healthcare expenditure, growing adoption of IT solutions within hospital settings, surge in efforts to enhance the provision of quality care services, and growing partnerships among industry stakeholders. For instance, in April 2024, Fundiin and Medpro recently commemorated their strategic partnership with a signing ceremony, heralding the introduction of a Buy Now Pay Later (BNPL) payment option across more than 200 hospitals and medical centers in Vietnam. This collaboration aims to offer individuals increased access to flexible financial solutions for top-notch medical services.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Type, Deployment Mode, Application, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
Segmentation: Healthcare Quality Management Software Market Report 2023 - 2034
Healthcare Quality Management Software Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Business Intelligence & Data Analytics Solutions
- Provider Performance Improvement Solutions
- Physician Quality Reporting Solutions
- Clinical Risk Management Solutions
Healthcare Quality Management Software Market Analysis & Forecast by Deployment Mode 2023 - 2034 (Revenue USD Bn)
- Web Based
- On-Premises
- Cloud-Based
Healthcare Quality Management Software Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Risk Management
- Data Management
- Others
Healthcare Quality Management Software Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Nursing Homes
- Ambulatory Surgery Centres
- Others
Healthcare Quality Management Software Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Healthcare Quality Management Software Market: Type Estimates & Trend Analysis
8. Healthcare Quality Management Software Market: Deployment Mode Estimates & Trend Analysis
9. Healthcare Quality Management Software Market: Application Estimates & Trend Analysis
10. Healthcare Quality Management Software Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Healthcare Quality Management Software Market
13. Europe Global Healthcare Quality Management Software Market
14. Asia Pacific Global Healthcare Quality Management Software Market
15. Latin America Global Healthcare Quality Management Software Market
16. MEA Global Healthcare Quality Management Software Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Karminn Consultancy Network
- Okkala Solutions Private Limited
- Intelex Technologies
- Title21 Software Inc.
- OdiTek Solutions
- Premier Inc.
- Qualityze Inc.
- EFFIVITY
- MorCare
- Ideagen
- MEG
