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Healthcare Quality Management Market by Software (Business Analytics, Physician Quality Reporting) Delivery Mode (Cloud, On-Premise) Application (Data Management, Risk Management) End User (Hospital, Ambulatory Center, Payer) - Global Forecast to 2022


Product Code : MNMHC00108575
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Healthcare and Pharmaceuticals
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
5 User USD6650 / Question Form
Enterprise User USD10000 / Question Form

[Report Description]

“The global healthcare quality management market projected to grow at a CAGR of 14.2%.”
The global healthcare quality management market is projected to reach USD 3.31 billion by 2022 from an estimated USD 1.70 billion in 2017, 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 healthcare quality management market. Emerging economies are a highly lucrative market for quality reporting & management solutions owing to the implementation of various government initiatives focused on the greater adoption of HCIT solutions. However, the shortage of skilled IT professionals in healthcare facilities presents a major challenge to the adoption of these solutions among healthcare providers.
“The business intelligence & analytics solutions segment is expected to grow at the highest CAGR during the forecast period.”
On the basis of type, the healthcare quality management market is categorized into business intelligence and analytics, physician quality reporting solutions, clinical risk management solutions, and provider performance improvement solutions. The business intelligence and analytics solutions segment is expected to grow at the highest CAGR during the forecast period. The soaring operating costs, rising demand for quality healthcare, government measures to promote value-based care, and the increasing number of claims denied from insurers are the major factors driving the growth of the business intelligence & analytics solutions segment.
“By end user, the ambulatory care centers segment is expected to grow at the highest CAGR during the forecast period.”
On the basis of end user, the healthcare quality management market is categorized into hospitals, ambulatory care centers, payers, ACOs, and other end users. The ambulatory care centers segment is expected to grow at the highest CAGR during the forecast period. Mandates to comply with quality measures, rising focus on providing quality care through the effective use of technologies, and rising healthcare costs are the major factors supporting the adoption of quality management solutions in ambulatory care centers.

“North America is expected to grow at the highest CAGR during the forecast period.”
North America is the fastest-growing market for healthcare quality management solutions. This growth can be attributed to the rising healthcare IT spending and government mandates for healthcare providers to report quality & improve the performance of care provided.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–45%, Tier 2–33% and Tier 3–22%
• By Designation – C-level–30%, Director Level–40%, Others–30%
• By Region – North America–36%, Europe–29%, Asia-Pacific–21%, RoW – 14%
Nuance Communications, Inc. (U.S.), Medisolv, Inc. (U.S.), Truven Health Analytics (U.S.), Cerner Corporation (U.S.), Premier, Inc. (U.S.), McKesson Corporation (U.S.), Verscend Technologies, Inc. (U.S.), Dolbey Systems, Inc. (U.S.), QUANTROS, INC. (U.S.), Altegra Health (U.S.), Enli Health Intelligence (U.S.), and CitiusTech Inc. (U.S.) are the major players in the healthcare quality management market.
Research Coverage:
The healthcare quality management market in this report is segmented by type, delivery mode, application, end user, and region. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges). The study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, mergers & acquisitions, new product developments, geographical expansions, and R&D activities) and profiles the key players and analyzes their market shares and core competencies in the healthcare quality management market.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis—market ranking analysis of top players, company profiles which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the healthcare quality management market; high-growth regions; and market drivers, restraints, and opportunities. The report provides the latest healthcare quality management industry statistics and industry trends, allowing buyers to identify the high growth product segment and potential customers and suppliers hence driving revenue growth and profitability.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on healthcare quality reporting and management solutions offered by the top players in the global healthcare quality management market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the healthcare quality management market

• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for healthcare quality management across regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global healthcare quality management market

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global healthcare quality management market

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 20
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THE STUDY 20
1.4 LIMITATIONS 21
1.5 CURRENCY 21
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH APPROACH 22
2.1.1 SECONDARY SOURCES 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY SOURCES 25
2.1.2.1 Breakdown of primaries 25
2.1.2.2 Key data from primary sources 26
2.1.2.3 Key industry insights 27
2.2 MARKET SIZE ESTIMATION 28
2.3 DATA TRIANGULATION 30
2.4 ASSUMPTIONS FOR THE STUDY 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 38
4.1 HEALTHCARE QUALITY MANAGEMENT SOFTWARE: MARKET OVERVIEW 38
4.2 APAC: HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET, BY END USER 39
4.3 GEOGRAPHIC SNAPSHOT OF THE HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET 40
4.4 HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET, BY DELIVERY MODE,
2017 VS. 2022 (USD MILLION) 41
4.5 HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET: REGIONAL MIX 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
5.2.1 MARKET DRIVERS 45
5.2.1.1 Government mandates for healthcare providers to report quality and improve performance 45
5.2.1.2 Increasing volume of unstructured data in the healthcare industry 46
5.2.1.3 Need to curtail healthcare costs & medical errors 47
5.2.2 MARKET RESTRAINTS 48
5.2.2.1 High cost of quality reporting 48
5.2.2.2 Data security concerns 48
5.2.3 MARKET OPPORTUNITIES 49
5.2.3.1 Introduction of HL7 QRDA-III STU R2.1 guidelines & ICD 10 49
5.2.3.2 Huge market potential in emerging economies 49
5.2.4 MARKET CHALLENGES 50
5.2.4.1 Dearth of skilled it professionals in the healthcare industry 50
5.2.4.2 Reluctance among medical professionals to adopt healthcare quality management software 51
6 INDUSTRY INSIGHTS 52
6.1 U.S.: EVOLUTION OF HEALTHCARE QUALITY IMPROVEMENT & REPORTING 52
6.2 NATURAL LANGUAGE PROCESSING (NLP) TECHNIQUE REVOLUTIONIZES DATA ABSTRACTION & QUALITY REPORTING 54
6.3 U.S.: HEALTHCARE QUALITY REPORTING SCENARIO 54
7 HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET, BY TYPE 56
7.1 INTRODUCTION 57
7.2 BUSINESS INTELLIGENCE AND ANALYTICS SOLUTIONS 58
7.3 PHYSICIAN QUALITY REPORTING SOLUTIONS 60
7.4 CLINICAL RISK MANAGEMENT SOLUTIONS 62
7.5 PROVIDER PERFORMANCE IMPROVEMENT SOLUTIONS 64
8 GLOBAL HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET,
BY DELIVERY MODE 66
8.1 INTRODUCTION 67
8.2 WEB- & CLOUD-BASED SOLUTIONS 68
8.3 ON-PREMISE SOLUTIONS 70
9 GLOBAL HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET,
BY APPLICATION 72
9.1 INTRODUCTION 73
9.2 DATA MANAGEMENT 74
9.2.1 DATA PROCESSING & ANALYSIS 76
9.2.2 UNSTRUCTURED DATA ABSTRACTION 77
9.2.3 REPORT GENERATION 78
9.2.4 REPORT SUBMISSION 79
9.3 RISK MANAGEMENT 80
10 GLOBAL HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET,
BY END USER 81
10.1 INTRODUCTION 82
10.2 HOSPITALS 84
10.3 AMBULATORY CARE CENTERS 86
10.4 PAYERS 87
10.5 ACOS 88
10.6 OTHER END USERS 89
11 GLOBAL HEALTHCARE QUALITY MANAGEMENT SOFTWARE MARKET,
BY REGION 91
11.1 INTRODUCTION 92
11.2 NORTH AMERICA 94
11.2.1 U.S. 99
11.2.2 CANADA 102
11.3 EUROPE 105
11.3.1 GERMANY 109
11.3.2 U.K. 112
11.3.3 FRANCE 115
11.3.4 ITALY 118
11.3.5 SPAIN 122
11.3.6 BELGIUM 125
11.3.7 SWITZERLAND 128
11.3.8 REST OF EUROPE 131
11.4 ASIA-PACIFIC 134
11.4.1 JAPAN 138
11.4.2 CHINA 141
11.4.3 AUSTRALIA 143
11.4.4 NEW ZEALAND 147
11.4.5 REST OF ASIA-PACIFIC 150
11.5 LATIN AMERICA 153
11.6 MIDDLE EAST & AFRICA 156
12 COMPETITIVE LANDSCAPE 160
12.1 MARKET LEADERSHIP ANALYSIS 160
12.2 COMPETITIVE LEADERSHIP MAPPING 162
12.2.1 VISIONARY LEADERS 162
12.2.2 INNOVATORS 162
12.2.3 EMERGING COMPANIES 162
12.2.4 DYNAMIC DIFFERENTIATORS 163

12.3 COMPETITIVE BENCHMARKING 164
12.3.1 STRENGTH OF PRODUCT PORTFOLIO (FOR 25 PLAYERS) 164
12.3.2 BUSINESS STRATEGY EXCELLENCE (FOR 25 PLAYERS) 165
*Top 25 companies analysed for this study are - Nuance Communications Inc. (U.S.), Premier Inc. (U.S.), Medisolv Inc. (U.S.), Truven Health Analytics (U.S.), Verscend Technologies Inc. (U.S.), The Advisory Board Company (U.S.), QUANTROS INC. (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), CitiusTech Inc (U.S.), Altegra Health (U.S.), Dolbey Systems Inc., (U.S.) Cognizant Technology Solutions Corporation (U.S.), 3M Company (U.S.), Enli Health Intelligence (U.S.), Acmeware Inc. (U.S.), General Dynamics Information Technology Inc. (U.S.), Conduent Business Services LLC, MEDEANALYTICS INC. (U.S.), Dimensional Insight Inc. (U.S.), Inovalon (U.S.), Persivia Inc. (U.S.), Heartbase Inc. (U.S.), ArborMetrix Inc. (U.S.), QPID Health Inc. (U.S.)
13 COMPANY PROFILES 166
(Overview, Strength of Product Portfolio Business Strategy Excellence Products Offering, Recent Development’s, Business Strategy)*
13.1 INTRODUCTION 166
13.2 NUANCE COMMUNICATIONS, INC. 166
13.3 PREMIER, INC. 169
13.4 MEDISOLV, INC. 172
13.5 TRUVEN HEALTH ANALYTICS (A SUBSIDIARY OF IBM WATSON HEALTH) 174
13.6 VERSCEND TECHNOLOGIES, INC. 177
13.7 QUANTROS, INC. 179
13.8 CERNER CORPORATION 182
13.9 MCKESSON CORPORATION 185
13.10 CITIUSTECH INC. 188
13.11 ALTEGRA HEALTH, INC. (A SUBSIDIARY OF CHANGE HEALTH) 190
13.12 DOLBEY SYSTEMS, INC. 192
13.13 ENLI HEALTH INTELLIGENCE 194
*Details on Overview, Strength of Product Portfolio Business Strategy Excellence Products Offering, Recent Development’s, Business Strategy might not be captured in case of unlisted companies.
14 APPENDIX 196
14.1 INSIGHTS OF INDUSTRY EXPERTS 196
14.2 DISCUSSION GUIDE 197
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 202
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 204
14.5 AVAILABLE CUSTOMIZATIONS 206
14.6 RELATED REPORTS 207
14.7 AUTHOR DETAILS 208

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