The global patient safety and risk management software market is set to hit $1.67 billion by 2022, according to a Meticulous Research analysis.
Here are four points:
1. The market will likely grow at a compound annual growth rate of 11.5 percent through 2022.
2. North America and Europe are increasingly implementing this software to boost health outcomes.
3. As organizations strive to cut healthcare costs and medical errors as well as adhere to regulatory guidelines, they will increasingly adopt patient safety and risk management software.
4. The World Health Organization and the European Commission Patient Safety Council Recommendation are contributing to the patient safety cause by publishing guidelines and recommendations.
