Nursing has clearly been concerned with defining and measuring quality long before the current national and State-level emphasis on patient safety. Patient safety is the cornerstone of high-quality health care. Much of the work defining patient safety and practices that prevent harm have focused on negative outcomes of care, such as mortality and morbidity. Nurses are critical to the surveillance and coordination that reduce such adverse outcomes. Much work remains to be done in evaluating the impact of nursing care on positive quality indicators, such as appropriate self-care and other measures of improved health status.
The increasing need to reduce elevation in healthcare costs and the execution of government initiatives to improve safety of the patient & patient outcomes are the important factors leading to the growth of the market.
"The two major dominating issues of the 2019 market are the risk management & safety solutions." In 2019, these issues are anticipated to account for the largest share in the market.
"By end-user, the healthcare customers segment is predicted to rise at the highest CAGR during the forecast period."
In 2019, North America is anticipated to account for the largest share in the patient safety and risk management software market, followed by Europe. The huge investment of North America can be attributed to the favorable regulations (such as Patient Safety Act and Patient Protection and Affordable Care Act) combined with the high healthcare IT spending in the region, and greater adoption of patient safety and risk management solutions.
The prominent players in this market are RLDatix (Canada), Verge Health (US), Riskonnect Inc. (US), Clarity Group Inc. (US), RiskQual Technologies (US), The Patient Safety Company (Netherlands), Quantros Inc. (US), Prista Corporation (US), Smartgate Solutions Ltd. (UK), and Conduent Inc. (US).
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