(IT-NEWSWIRE.COM, May 17, 2019 ) Geographically, the global healthcare quality management market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2016, North America dominated the global market. This region is also expected to grow at the highest CAGR during the forecast period.
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Factors such as government mandates for healthcare providers to report quality & improve the performance of care provided, increase in the volume of unstructured data in the healthcare industry, increase in healthcare expenditure, rapid growth in the aging population, high rate of medication errors, and increase in funding by government agencies are driving the growth of the healthcare quality management market in North America.
Healthcare Quality Management Market is projected to reach USD 3.31 Billion by 2022 from USD 1.51 Billion in 2016, at a CAGR of 14.2%.
Government mandates for healthcare providers to report quality & improve the performance of care provided, increase in the volume of unstructured data in the healthcare industry, and need to curtail healthcare costs & medical errors are the major factors driving the growth of the market.
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However, data security concerns and the high cost of quality reporting are expected to restrain the growth of this market to a certain extent.
The global healthcare quality management Market is fragmented in nature. The top five players dominating the market include Nuance Communications, Inc. (U.S.), Premier, Inc. (U.S.), Truven Health Analytics (U.S.), Quantros, Inc. (U.S.), and Medisolv, Inc. (U.S.). The other players in this market are McKesson Corporation (U.S.), Cerner Corporation (U.S.), Verscend Technologies, Inc. (U.S.), Dolbey Systems, Inc. (U.S.), Altegra Health (U.S.), Enli Health Intelligence (U.S.), and CitiusTech Inc. (U.S.).
The leading players are continuously developing new and innovative products to maintain their shares in the Market.
Mr. Shelly Singh