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Meticulous Research® – leading global market research company published a research report titled “European Healthcare Quality Management Market by Software (BI, Analytics, Reporting, Performance Improvements), Delivery (Cloud, Web, on premise), Application (Data, Risk Management) & End User (Hospital, Ambulatory Care, Payor) – Forecast to 2024″.
According to this latest publication from Meticulous Research®, European healthcare quality management market is expected to grow at a CAGR of 15.2% from 2018 to 2024 to reach $944.9 million by 2024, driven by the government initiatives to improve patient outcomes & safety, increasing unstructured data in healthcare, rising geriatric population & burden of chronic diseases, improving health IT infrastructure, and evolving regulatory requirements. However, data privacy & confidentiality issues, lack of interoperability, and reluctance to migrate from conventional systems may hinder the growth of quality management solutions market in Europe to some extent.
Business Intelligence & Analytics commanded the largest share of European healthcare quality management market in 2017, owing to the ability of analytics to extract meaningful, actionable insights from the wealth of raw information that is the key to improve quality and patient outcomes.
In 2017, web- and cloud-based solutions captured a major market share owing to the flexibility of working from remote areas, easy scalability, no upfront costs and reduced operational costs, and automated updating features of web and cloud-based solutions.
Data management dominated the European quality management in healthcare market in 2017. Data processing & analysis showcase significant adoption and these solutions are also expected to witness highest growth during the forecast period. Factors such as increasing volumes of disparate data and the requirement of quality-based reports by regulatory bodies make data management a preferred option for several large healthcare organizations.
Hospitals are the leading adopters of quality management solutions in Europe and are also expected to witness the fastest CAGR during the forecast period, owing to growing HCIT adoption, increasing focus on quality care and patient safety, significant growth in healthcare spending and venture capital investments in HCIT, rising medical error rates, increasing healthcare costs, and various government initiatives to follow quality indicators and reporting.
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This research report analyzes the European region including Germany, U.K., France, Italy, Spain, Benelux, Nordics and RoE. The U.K. commanded the largest share of the European healthcare quality management market in 2017, followed by Germany. The largest share of this country is primarily attributed to government initiatives for eHealth technologies, rising focus on population health management, need for multi-country integration regarding health information, decreasing margins in the healthcare industry, and rapidly increasing aging population and the subsequent rise in incidences of chronic diseases along with growing demand for improving the quality of care and regulatory compliance in the region.
Some of the major players in the European healthcare quality management market are 3M Company, CitiusTech Inc., Cognizant Technology Solutions Corporation, Conduent, Inc., Dimensional Insight, Inc., General Dynamics Corporation, McKesson Corporation (Change Healthcare), MedeAnalytics, Inc., Nuance Communications, Inc., and Truven Health Analytics (IBM Corporation), among several others.
Key questions answered in the report-
- Which are the high growth market segments in terms of software type, mode of delivery, application, end-user, and countries?
- What was the historical market for quality management in healthcare across Europe?
- What are the market forecasts and estimates for the period 2018-2024?
- What are the major drivers, restraints, opportunities, and challenges in the European healthcare quality management market?
- Who are the major players in the European quality management in healthcare market?
- How is the competitive landscape and who are the market leaders in the European quality management in healthcare market?
- What are the recent developments in the European quality management in healthcare market?
- What are the different strategies adopted by the major players in the European quality management in healthcare market?
- What are the geographical trends and high growth countries?
- Who are the local emerging players in the European quality management in healthcare market and how do they compete with the global players?
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.
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