Healthcare Quality Management Market size was valued at USD 5.04 Billion in 2023 and is expected to exceed USD 39.67 Billion by 2036, registering over 17.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of healthcare quality management is evaluated at USD 5.78 Billion. The growth of the market can be attributed to the increasing amount of data generated in the entire world of healthcare. The huge amount of data prompts the need for healthcare quality management for analyzing the data and extract meaningful patterns. Researchers at the Icahn School of Medicine at Mount Sinai are focusing on breast and ovarian cancer through research that analyses enormous volumes of data from more than 2,000 Genetic sequences. The research takes place on a safe cloud-based platform through Amazon Web Services, and the data set is of volume more than 100 terabytes.
In addition to these, factors that are believed to fuel the healthcare quality management market growth of healthcare quality management include the growing adoption of electronic health records by various clinics and hospitals. The use of EHR improves the quality of healthcare by increasing the precision and clarity of medical records, the EHR can reduce the frequency of medical errors. Moreover, it enables the availability of medical information, reduces redundant testing, speeds up the treatment, and empowers patients to make better decisions. Since 2011 when 28% of hospitals and 34% of physicians had implemented an EHR in the United States, there has been a significant 10-year advancement. Moreover, by 2021, almost 96% of non-federal acute care hospitals and approximately four out of five office-based physicians approximately 78% had embraced certified EHRs.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
17.2% |
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Base Year Market Size (2023) |
USD 5.04 Billion |
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Forecast Year Market Size (2036) |
USD 39.67 Billion |
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Regional Scope |
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Application (Data Management, Risk Management)
The global healthcare quality management market is segmented and analyzed for demand and supply by application into data management, and risk management. Out of the two applications of healthcare quality management, the data management segment is estimated to gain the largest market share in the year 2036. The growth of the segment can be attributed to the rise in the generation of the data in healthcare system. Healthcare institutions produce a lot of data. Together with technological data points, there are conventional data points including intake forms, doctor's notes, records, and observations. Out of the around 64 zettabytes produced globally in 2020, the global healthcare sector produced more than 2 zettabytes. Additionally, more than 19 terabytes of clinical data alone are produced by the healthcare industry each year, and that figure doesn't even take into account the other types of healthcare data. Data of healthcare contains both structured and unstructured data, out of which electronic health records is the most common and are gaining popularity among hospitals and clinics.
Mode of Delivery (Cloud, On-Premise)
The global healthcare quality management market is also segmented and analyzed for demand and supply by mode of delivery into the cloud, and on-premise. Amongst these two segments, the cloud segment is expected to garner a significant share in the year 2036. The growth of the segment is expected on the account of rising adoption of the cloud in the healthcare sector. Cloud computing in healthcare automates backend tasks, streamlines telehealth app development, and even makes it simpler and safer to share medical records. The efficiency of the healthcare sector is increased and expenditures are reduced by using the cloud. Cloud facilitates using machine learning's natural language processing skills. Moreover, it is also utilized to run crucial applications, collect, and monitor crucial information from mountains of unstructured data, including doctor and lab notes. Besides this, as doctors, hospital managers, and patients need safe information access in a cost-effective manner, cloud-based computing is expanding worldwide and is expected to triple in the healthcare sector.
Our in-depth analysis of the global market includes the following segments:
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By Mode of Delivery |
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By Application |
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By Software |
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By End User |
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North American Market Forecast
The healthcare quality management market in North America is projected to be the largest with a share of about 35% by the end of 2036. The growth of the market can be attributed majorly to the increasing number of cases of people suffering from chronic diseases. According to the National Center for Chronic Disease Prevention and Health, six in ten persons in the United States are currently coping with a chronic illness such as diabetes, heart disease, or cancer. In the US, chronic diseases rank among the top reason for deaths, with heart disease and cancer alone responsible for almost 38% of fatalities. Moreover, the rising government efforts to improve the quality of healthcare is also expected to boost the market growth in the region. In the US, the government launched programs for ensuring a better quality of healthcare are system, including the State Children’s Health Insurance Program, the Veteran Health Administration program, State Children’s Health Insurance Program, and others.
APAC Market Statistics
The Asia Pacific healthcare quality management market is estimated to be the second largest, registering a share of about 24% by the end of 2036. The growth of the market can be attributed majorly to the rising prevalence of digital health solutions. Between 2020 and 2021, around 76 million health applications were downloaded in India, an approximate 38% rise over the previous year. However, India saw the largest growth of nearly 156% for health and fitness apps between Q1 and Q2 2020. Moreover, Ping An Good Doctor was the most widely used medical app in China as of December 2021, with about 12 million active monthly users. On the other hand, rise in the medical errors in the healthcare sector is also responsible for the market growth in the region. In India, there are over 5 million medical errors per year.
Europe Market Forecast
Further, the healthcare quality management market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the proactive efforts by both and the public sector to enhance healthcare quality management. Members of Congress, state legislatures, regulatory bodies, health insurers, the community of providers, researchers in the field of health services, health policy institutes, labor unions, and businesses are all attempting to improve their knowledge and comprehension of specific facets of the operation of European health care systems.
Crothall Healthcare announced the launch of Dedicated web-based Quality Management System platform teamQUEST which s powered by Intelex. Owing to this platform the Quality Management System (QMS) can be structured on a single platform. teamQUEST guarantees improving the repetition of a specific procedure and operational consistency.
Qualio, Inc. launched Design Controls for manufacturers of medical devices and software as medical devices. It aids medical device firms in reducing the time to launch the product in the market by combining product development and quality management into a single work
Author Credits: Radhika Pawar
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