Quality management is one of the significant facets of the healthcare organizations and patients. One of the important factors for the implementation of healthcare quality control management is to make certain that proper care facilities are being offered to the patients. Currently, all the major healthcare organizations and hospitals have adopted this function, in order to show diligence to take proper care of patients. The effectiveness of treatment can be improved with the help of proper quality management, along with better patient satisfaction.
The increasing growth is fueled by government measures for the quality treatment of patients. Additionally, value-based care treatment is a major growth factor with regards to the rapid technological advancements. Increasing awareness and concerns for patient outcomes and safety, as well as rising incidences of chronic diseases among patients, are the some of the key factors responsible for driving the demand and increase the effectiveness of the decision making thoroughly. On the other hand, the market is majorly influenced by the high adoption of business intelligence solutions, including the demand for analytical solutions, gliding operations growth, and rising demand for quality healthcare, which are some of the key factors to have driven the growth of the market.
North America accounted for the largest market share in terms of revenue and is projected to grow at the highest CAGR for the forecast period. Increasing flow of unstructured data in healthcare will propel the demand. Moreover, the market is fueled by presence of number of healthcare IT companies in the region. One of the major factors is the implementation of Affordable Care Act (ACA) in the U.S., where the regulations levied by the government is attracting the industries towards better healthcare management.
The future of the healthcare quality management is promising with opportunities such as web-based and quality-based management solutions, which are projected to increase the global demand. Various technologies regarding data privacy and confidentiality issues can be incorporated to develop the market, which will be inclined towards the business ethics and legal security. Moreover, growing number skilled IT professionals is another driver responsible for boosting the demand over the coming years.