- Risk & Compliance Solutions
- Governance
- Risk Management & Safety Solutions
- Claims Management Solutions
The patient safety software market size was valued at USD 2,645.8 million in 2023 and is expected to reach a value of the USD 5,090.7 million by 2030, at a CAGR of 9.8% from 2024-2030. Patient safety software is a computer program or system that helps healthcare organizations improve patient safety and reduce the risk of errors and accidents it includes reporting, surveys, checklists, analysis, medication reconciliation, automated safety protocol, and others. The market for patient safety software is being driven by strict rules that require reporting and responsibility, together with a growing emphasis on patient outcomes and healthcare quality.
High implementation costs and healthcare workers' aversion to change are major restraints that hinder the market. The increasing use of remote monitoring and telehealth technologies, which improve patient safety procedures, presents numerous opportunities. The recent trend in the market is the rise of artificial intelligence in many of the software solutions to predict and prevent safety issues in healthcare. As telehealth continues to expand, these tools are adapting to ensure remote care stays safe. And there is also a push to integrate multiple health data sources so that providers have a complete view of patient safety.
The product has become easier to use making it comfortable for healthcare professionals to accept its adoption without having to put in place massive training. Lastly, due to increasing regulations, places are increasingly looking for reporting software that meets safety standards. These trends have brought patient care to the forefront since it should be enhanced through technology. The growing need for creative solutions in healthcare settings is expected to fuel the worldwide patient safety software market's estimated 15% compound annual growth rate (CAGR) between 2023 and 2030, according to new research.
Study Period
2024-2030Base Year
2023CAGR
9.8%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The patient safety software market has been dominated mainly by a few factors firstly, there is the growth in the need for bettering the quality of health care, as estimated by researchers to be over 200,000 annual deaths in the U.S. from medical errors that could have been prevented. This dismal statistic has driven healthcare organizations to add importance to safety initiatives. Second, in most instances, the higher regulations provided by bodies like the Joint Commission and Centers for Medicare & Medicaid Services necessitate a massive reporting and accountability mechanism. These regulations force providers to adopt safety software as an indication that they are responsible for their patients' well-being.
Moreover, the increased use of EHRs makes it easier to implement safety software in any health facility, and this enables health facilities to track and enhance their patient outcomes. Increasing telehealth services adoption, which has grown more than 154% through the COVID-19 pandemic is now requiring more emphasis on patient safety tools for care delivery. Altogether these are driving a good market for patient safety software.
By Type
By Deployment Type
By End User
The patient safety software was valued at USD 2,645.8 million in 2023 and is expected to grow at a CAGR of 9.8% over the forecast year to reach USD 5,090.7 million in 2030.
The market for patient safety software is being driven by strict rules that require reporting and responsibility, together with a growing emphasis on patient outcomes and healthcare quality.
The trend in the patient safety software market is artificial intelligence in many of the software solutions to predict and prevent safety issues in healthcare. As telehealth continues to expand, these tools are adapting to ensure remote care stays safe.
The major key players in the patient safety software market are RLDatix, Health Catalyst, Conduent Inc., Symplr, Clarity Group Inc., RiskQual Technologies, Inc.
1.Executive Summary |
2.Global Patient Safety Software Market Introduction |
2.1.Global Patient Safety Software Market - Taxonomy |
2.2.Global Patient Safety Software Market - Definitions |
2.2.1.Type |
2.2.2.Deployment Type |
2.2.3.End-user |
2.2.4.Region |
3.Global Patient Safety Software Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Patient Safety Software Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Patient Safety Software Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Risk & Compliance Solutions |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Governance |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Risk Management & Safety Solutions |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Claims Management Solutions |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Patient Safety Software Market By Deployment Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Public Cloud |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Private Cloud |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Hybrid Cloud |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Patient Safety Software Market By End-user, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Ambulatory Care Centers |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Long Term Care Centers |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Pharmacies |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Patient Safety Software Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Patient Safety Software Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Risk & Compliance Solutions |
9.1.2.Governance |
9.1.3.Risk Management & Safety Solutions |
9.1.4.Claims Management Solutions |
9.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Public Cloud |
9.2.2.Private Cloud |
9.2.3.Hybrid Cloud |
9.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Ambulatory Care Centers |
9.3.3.Long Term Care Centers |
9.3.4.Pharmacies |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Patient Safety Software Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Risk & Compliance Solutions |
10.1.2.Governance |
10.1.3.Risk Management & Safety Solutions |
10.1.4.Claims Management Solutions |
10.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Public Cloud |
10.2.2.Private Cloud |
10.2.3.Hybrid Cloud |
10.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Ambulatory Care Centers |
10.3.3.Long Term Care Centers |
10.3.4.Pharmacies |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Patient Safety Software Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Risk & Compliance Solutions |
11.1.2.Governance |
11.1.3.Risk Management & Safety Solutions |
11.1.4.Claims Management Solutions |
11.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Public Cloud |
11.2.2.Private Cloud |
11.2.3.Hybrid Cloud |
11.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Ambulatory Care Centers |
11.3.3.Long Term Care Centers |
11.3.4.Pharmacies |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Patient Safety Software Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Risk & Compliance Solutions |
12.1.2.Governance |
12.1.3.Risk Management & Safety Solutions |
12.1.4.Claims Management Solutions |
12.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Public Cloud |
12.2.2.Private Cloud |
12.2.3.Hybrid Cloud |
12.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Ambulatory Care Centers |
12.3.3.Long Term Care Centers |
12.3.4.Pharmacies |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Patient Safety Software Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Risk & Compliance Solutions |
13.1.2.Governance |
13.1.3.Risk Management & Safety Solutions |
13.1.4.Claims Management Solutions |
13.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Public Cloud |
13.2.2.Private Cloud |
13.2.3.Hybrid Cloud |
13.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Ambulatory Care Centers |
13.3.3.Long Term Care Centers |
13.3.4.Pharmacies |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Riskonnect Inc |
14.2.2.Origami Risk LLC |
14.2.3.Becton, Dickinson and Company (BD) |
14.2.4.RLDatix |
14.2.5.Health Catalyst |
14.2.6.Conduent Inc |
14.2.7.Symplr |
14.2.8.Clarity Group Inc |
14.2.9.RiskQual Technologies Inc |
14.2.10.Prista Corporation |
15. Research Methodology |
16. Appendix and Abbreviations |