According to Persistence Market Research analysis, the North America quality and safety reporting system for healthcare market is likely to witness highest growth rate over the forecast period. The market in Asia Pacific is anticipated to witness moderate growth over the forecast period. Contributing to this upsurge is the continuous demand for quality and safety reporting systems by hospitals, increasing need to improve patient safety and implementation of stringent government regulations. Persistence Market Research has recently published a new report titled “Quality and Safety Reporting System for Healthcare Market: Global Industry Trend Analysis 2012 to 2016 and Forecast 2017-2025.” According to the analysts, the global quality and safety reporting system for healthcare market is estimated to witness moderate revenue growth during the forecast period.
Further, the analysts have observed that North America and Europe were the dominant markets in 2016 in terms of sales of quality and safety reporting systems. According to the report, in the coming years, countries in North America are expected to be the key markets for sustainable revenue generation from quality and safety reporting systems. The analysts have also noticed that partnership with healthcare organizations, hospitals, and other medical software vendors is projected to remain as the key strategy of manufacturers to boost their sales growth. While inspecting this market, the analysts have observed that long-term contracts with business partners help key players increase business revenue, enabling quality and safety reporting system vendors to reach new potential markets. One more trait the analysts have observed is that the U.S. is predicted to remain as the key growth region in the global quality and safety reporting system for healthcare market. A significant market potential exists in countries in Asia Pacific such as China, India, and Japan.
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Parent Market Overview
Quality and safety reporting system is primarily a part of quality management software (QMS). QMS finds application in a number of industries, some of which include pharmaceutical, biotechnology, aerospace and defense, aviation, food and beverage, hospital and healthcare, IT, pharmaceuticals, and chemicals among others. Pharmaceuticals sector is the largest end-user segment for quality management software and constitutes a remarkable share of the total market. Hospital and healthcare sector also contributes significantly to the market amongst all end-user industries. Other industries such as aerospace and defense, aviation, food and beverages, IT, and chemicals individually occupy a very small share of the total market.
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Report Structure and Research Methodology
Macro-economic indicators such as GDP, wholesale and retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers. Economic fluctuations have been considered while forecasting market numbers. Yearly change in inflation rate has not been considered while forecasting market numbers. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter-validate the market estimations. The analysts have adopted a systematic research approach while studying this market. In-depth secondary research is used to determine top industry players, products, applications, overall market size, industry connotations, distributors and software developers. The analysts have formulated a detailed discussion guide in order to conduct interviews with industry experts. The analysts have then conducted interviews with industry experts, players, distributors, and retailers for data collection and verification. Data is validated using the triangulation method, in which secondary, primary and Persistence Market Research analysis contribute to the final data.
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