The global patient safety and risk management software market is projected to grow substantially through 2021, according to a Research and Markets report.
Here are five things to know:
1. The market is projected to reach nearly $1.472 billion by 2021.
2. The need to curb healthcare costs, increase of medical errors, need for regulatory guideline compliance and government initiatives to promote healthcare IT use will spur market growth.
3. North America and Europe have led the market due to their emphasis on patient safety.
4. Asia Pacific will experience growth due to more awareness of patient safety and risk management.
5. Market vendors include CareFusion, Datix Limited, Dell Software, Health Catalyst, MRM Group, MetricStream, Quintiles, RL Solutions, Salus Global and The Patient Safety Company.
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