Global Patient Risk Management and Safety Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Solutions;

Infection Prevention Management, Surveillance Management, Risk Management, Audit Management, Claims Management, Incident Reporting, and Others.

By Component;

Software - On-Premise and Cloud, Services - Consulting Services, and Training & Education.

By End-Users;

Hospitals, Long-Term Care Centers, Ambulatory Care Centers, Pharmacies, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn078543515 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Patient Risk Management and Safety Market (USD Million), 2021 - 2031

In the year 2024, the Global Patient Risk Management and Safety Market was valued at USD 2281.22 million. The size of this market is expected to increase to USD 4445.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.

The Global Patient Risk Management and Safety Market is primarily driven by the increasing focus on improving patient safety and reducing healthcare-associated risks. As healthcare systems worldwide aim to enhance care quality, reduce medical errors, and comply with stringent regulations, there is growing demand for patient risk management solutions. These solutions help healthcare providers identify, assess, and mitigate potential risks, such as patient falls, infections, medication errors, and adverse events. The rise in chronic diseases, complex procedures, and an aging population further accentuates the need for effective risk management strategies to ensure patient safety and improve clinical outcomes.

The market is segmented by product type, which includes risk management software, training programs, consultation services, and incident reporting solutions. Risk management software is gaining traction due to its ability to analyze patient data in real-time, identify high-risk scenarios, and facilitate immediate interventions. Incident reporting solutions are also widely adopted for tracking and reporting patient safety issues to develop preventive measures. Training programs and consultation services are crucial for educating healthcare providers and hospital staff on safety protocols and risk mitigation techniques, ensuring that patient safety remains a top priority across healthcare settings.

Geographically, the patient risk management and safety market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America leads the market, driven by the adoption of advanced healthcare technologies, stringent regulatory requirements, and a focus on improving patient care quality. Europe follows closely, with increasing investments in healthcare safety initiatives and regulatory compliance across the region. Asia-Pacific is experiencing the fastest growth, fueled by improving healthcare infrastructure, rising patient volumes, and greater awareness of patient safety. Meanwhile, Latin America and the Middle East & Africa regions are also expanding as healthcare organizations strive to enhance safety and risk management practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Solutions
    2. Market Snapshot, By Component
    3. Market Snapshot, By End-Users
    4. Market Snapshot, By Region
  4. Global Patient Risk Management and Safety Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory mandates
        2. Accreditation requirements
        3. Emphasis on value-based care
        4. Increasing patient acuity
      2. Restraints
        1. Implementation challenges
        2. Resistance to change
        3. Limited resources
        4. Data privacy concerns
      3. Opportunities
        1. Growing demand for healthcare analytics
        2. Focus on proactive risk management
        3. Expansion of telemedicine and remote monitoring
        4. Increasing emphasis on patient-centered care
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Patient Risk Management and Safety Market, By Solutions, 2021 - 2031 (USD Million)
      1. Infection Prevention Management
      2. Surveillance Management
      3. Risk Management
      4. Audit Management
      5. Claims Management
      6. Incident Reporting
      7. Others
    2. Global Patient Risk Management and Safety Market, By Component, 2021 - 2031 (USD Million)
      1. Software
        1. On-Premise
        2. Cloud
      2. Services
        1. Consulting Services
        2. Training & Education
    3. Global Patient Risk Management and Safety Market, By End-Users, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Long-Term Care Centers
      3. Ambulatory Care Centers
      4. Pharmacies
      5. Other
    4. Global Patient Risk Management and Safety Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. RLDatix
      2. Verge Solutions LLC
      3. RiskQual
      4. QUANTROS INC
      5. Clarity Group Inc
      6. Conduent Inc
      7. Prista Corporation
      8. The Patient Safety Company
      9. Ncontracts
      10. MetricStream Inc
      11. Med-IQ Inc
      12. IQVIA
      13. Health Catalyst
      14. Smartgate Solutions Ltd
      15. Salus Global Corporation
      16. Covance Inc
      17. BD
  7. Analyst Views
  8. Future Outlook of the Market