Healthcare Quality Management Market Forecasted to Grow From $4.64 Billion in 2024 to $9.62 Billion in 2029: Highlights Key Market Drivers, Trends, and Growth Rates

The healthcare quality management market showed rapid growth in recent years. It was valued at $4.64 billion in 2024 and is expected to grow to $5.3 billion in 2025 at a compound annual growth rate (CAGR) of 14.1%. Factors responsible for the growth during the historic period include increased focus on patient engagement and satisfaction, quality improvement initiatives, escalating healthcare costs, patient-centric care, and value-based care initiatives.

The market is predicted to grow more rapidly in the upcoming years, reaching $9.62 billion by 2029 at a CAGR of 16.1%. The forecast growth can be attributed to the increased emphasis on patient outcomes, regulatory requirements, data-driven decision making, increasing healthcare costs, and improving patient engagement and experience. Major trends expected during this period include ongoing quality improvement, digital transformation in healthcare sector, integration of personalized medicine, global health challenges response, cybersecurity measures, and population health management.

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What Factors Are Driving The Healthcare Quality Management Market?
The global cost associated with medical errors has been estimated at around US$42 billion annually as per the World Health Organization. Rising medical errors are expected to propel the growth of the healthcare quality management market. A medical error refers to a preventable adverse outcome of medical care, whether it is evident or harmful to the patient. Healthcare quality management is used to predict and avoid medication errors to increase the effectiveness of hospitals and healthcare providers.

What Are The Major Segments Within The Global Healthcare Quality Management Market?
The healthcare quality management market report covers the following major market segments:
1) By Software Type: Business Intelligence And Analytics Solutions, Physician Quality Reporting Solutions, Clinical Risk Management Solutions, Provider Performance Improvement Solutions
2) By Mode Of Delivery: Web And Cloud Based Solutions, On-Premise Solutions
3) By Application: Data Management, Risk Management
4) By End-User: Hospitals, Ambulatory Care Centers, Payer, Other End Users.

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Who Are The Key Players In The Healthcare Quality Management Market?
Major companies operating in the market are Altegra Health Inc., Dolbey Systems Inc., Enli Health Intelligence, CitiusTech Inc., McKesson Corporation, Cerner Corporation, Quantros Inc., Verscend Technologies Inc., Truven Health Analytics (A Subsidiary of IBM Watson Health), Medisolv Inc., Premier Inc., Nuance Communications Inc., Cognizant Technology Solutions Corporation, Conduent Inc., Dimensional Insight Inc., Epic Systems Corporation, Allscripts Healthcare Solutions, Medtronic PLC, Philips Healthcare, The Advisory Board Company, 3M Company, Wolters Kluwer Health, Health Catalyst, Press Ganey Associates, Persivia Inc., Meditab Software Inc., Atos SE, The Craneware Group, Streamline Health Solutions Inc., HealthStream Inc.

What Are The Emerging Trends In The Healthcare Quality Management Market?
Major companies in the healthcare quality management market are focusing on innovative technologies, such as AI-powered predictive models, which can enhance patient outcomes, streamlining operational efficiency and facilitate data-driven decision-making for improved healthcare delivery. For instance, Innovaccer Inc., launched an assisted quality management solution in April 2024 that provides advanced analytics tools for the collection, assessment, and packaging of quality measures, ensuring compliance with CMS mandates.

Which Region Is Set To Show The Fastest Growth In The Healthcare Quality Management Market?
North America was the largest region in the healthcare quality management market in 2024, and Asia-Pacific is expected to be the fastest-growing in the forecast period. Other regions covered in the healthcare quality management market report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.

What Does The Healthcare Quality Management Market Report 2025 Offer?
Healthcare quality management is the process of administration of system designs, rules, and procedures that optimize patient care and outcomes while minimizing, if not eliminating, patient harm. The Healthcare Quality Management Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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