This Patient Safety and Risk Management Software report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The patient safety and risk management software market size has grown strongly in recent years. It will grow from $2.31 billion in 2024 to $2.5 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased awareness of patient safety, regulatory requirements, focus on reducing medical errors, data-driven insights, real-time monitoring and alerts, patient engagement and empowerment.
The patient safety and risk management software market size is expected to see rapid growth in the next few years. It will grow to $4.23 billion in 2029 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to stringent regulatory compliance, advancements in data analytics and ai, integration with electronic health records (EHR), preventive measures for medical errors. Major trends in the forecast period include emphasis on patient-centric care, integration of data analytics and ai, enhanced electronic health records (EHR) integration, focus on preventable medical errors.
The growing adoption of IT in the healthcare sector is projected to drive the expansion of the patient safety and risk management software market in the future. The healthcare industry has significantly benefited from advancements in information technology (IT), with electronic medical records (EMRs) being a notable improvement that allows medical data to be consolidated into a single database. Recent developments in IT for healthcare also include the use of digital tools and teleconsultation. For example, in July 2024, Health Tech Digital, a UK-based provider focused on digital transformation, reported that 57% of the UK population is concerned that artificial intelligence (AI) is being implemented too rapidly in personalized medicine, potentially without sufficient time for proper training to ensure safe usage of these systems. Furthermore, 49% of people in the UK are apprehensive about the security of health data when AI is involved in personalized healthcare. The UK AI market, currently valued at over £16.8 billion (USD 18.39 billion), is expected to grow significantly, reaching £801.6 billion (USD 877.26 billion) by 2035. Therefore, the adoption of IT in the healthcare sector is anticipated to significantly boost the growth of the patient safety and risk management software industry in the future.
Growing investments in healthcare infrastructure are anticipated to drive the expansion of the patient safety and risk management software market in the future. Investments in healthcare infrastructure involve allocating resources such as funding, technology, and personnel to enhance the physical and technological framework of healthcare facilities and systems. These investments encompass upgrading hospital facilities, bolstering the healthcare workforce, digitizing public health data infrastructure, and strengthening health systems, all of which contribute to the development of patient safety and risk management software. For example, in July 2024, the American Medical Association, a US-based professional organization, reported that health spending in the U.S. increased by 4.1% in 2022, reaching $4.5 trillion, which equates to $13,493 per person. Thus, the rising investments in healthcare infrastructure are propelling the growth of the patient safety and risk management software market.
The adoption of diverse innovative technologies has emerged as a prominent trend in the patient safety and risk management software market. Characterized by technological or scientific processes and products, innovative technology plays a crucial role in the development of patient safety and risk management software. Companies in this market are actively focusing on creating innovative products equipped with the latest technologies to broaden their customer base and enhance their business offerings. A case in point is Mindray, a global provider of medical devices and solutions, which launched the M-Connect IT Solution in May 2022. This solution is designed to optimize clinical workflow and ensure patient safety in hospitals, exemplifying the trend of incorporating innovative technologies in the patient safety and risk management software market.
Major players in the patient safety and risk management software market are concentrating on augmenting their existing platforms with new features to gain a competitive advantage. The addition of new functionalities or capabilities to patient safety and risk management software solutions is aimed at assisting healthcare providers in improving patient safety and mitigating the risk of medical errors. Origami Risk, a US-based risk, safety, and insurance software as a service (SaaS) technology firm, exemplifies this trend. In May 2023, Origami Risk introduced a new solution to its platform for patient safety and healthcare risk management, streamlining the initiation, monitoring, and reporting of peer reviews. This inclusive solution supports interactions with committees and peer reviewers, facilitating a just culture and identifying opportunities to elevate the standard of care. The platform addresses reviews of nurses and medical residents and includes specialty-based review forms that can be tailored to meet individual organizational needs.
In January 2023, DNV, a Norway-based provider of quality assurance and risk management services, acquired MBI Healthcare Technologies for an undisclosed sum. This acquisition bolsters DNV's capabilities in healthcare assurance and digital solutions, with a specific focus on patient safety, healthcare quality, and operational efficiency. MBI Healthcare Technologies is a UK-based provider of patient safety solutions.
Major companies operating in the patient safety and risk management software market include Conduent Legal & Compliance Solutions LLC, Becton Dickinson and Company, Health Catalyst Inc., RLDatix Solutions Inc., Riskonnect Inc., Origami Risk LLC, Symplr LLC, Clarity Group Inc., The Patient Safety Company B. V., Morrisey Holdings Inc., Quantros Inc., Marsh ClearSight LLC, Datix Limited, RL Solutions Inc., Ideagen plc, IQVIA Holdings Inc., NAVEX Global Inc., Wolters Kluwer N. V.
North America was the largest region in the patient safety and risk management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient safety and risk management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the patient safety and risk management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Patient safety and risk management software are computer programs used in risk management to analyze and report medical issues that arise in healthcare institutions. These programs are instrumental in reducing and preventing errors within the healthcare system. Patient safety focuses on minimizing harm to patients, while risk management prioritizes mitigating patient harm as well as other forms of hazards.
The main types of patient safety and risk management software include risk management and safety solutions, claims management solutions, and governance, risk, and compliance solutions. Risk management and safety solutions are applied for analyzing and reporting medical issues that arise in healthcare institutions, covering both risk assessment and reduction in safety risk management. Deployment modes for these software solutions include private cloud and public cloud. They are adopted by various end users, including hospitals, ambulatory care centers, long-term care centers, pharmacies, and others.
The patient safety and risk management software market research report is one of a series of new reports that provides Patient safety and risk management software market statistics, including Patient safety and risk management software industry global market size, regional shares, competitors with a Patient safety and risk management software market share, detailed Patient safety and risk management software market segments, market trends and opportunities, and any further data you may need to thrive in the Patient safety and risk management software industry. This Patient safety and risk management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The patient safety and risk management software market consist of revenues earned by entities by providing patient safety and risk management software used to analyze and report medical issues. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The patient safety and risk management software market size has grown strongly in recent years. It will grow from $2.31 billion in 2024 to $2.5 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased awareness of patient safety, regulatory requirements, focus on reducing medical errors, data-driven insights, real-time monitoring and alerts, patient engagement and empowerment.
The patient safety and risk management software market size is expected to see rapid growth in the next few years. It will grow to $4.23 billion in 2029 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to stringent regulatory compliance, advancements in data analytics and ai, integration with electronic health records (EHR), preventive measures for medical errors. Major trends in the forecast period include emphasis on patient-centric care, integration of data analytics and ai, enhanced electronic health records (EHR) integration, focus on preventable medical errors.
The growing adoption of IT in the healthcare sector is projected to drive the expansion of the patient safety and risk management software market in the future. The healthcare industry has significantly benefited from advancements in information technology (IT), with electronic medical records (EMRs) being a notable improvement that allows medical data to be consolidated into a single database. Recent developments in IT for healthcare also include the use of digital tools and teleconsultation. For example, in July 2024, Health Tech Digital, a UK-based provider focused on digital transformation, reported that 57% of the UK population is concerned that artificial intelligence (AI) is being implemented too rapidly in personalized medicine, potentially without sufficient time for proper training to ensure safe usage of these systems. Furthermore, 49% of people in the UK are apprehensive about the security of health data when AI is involved in personalized healthcare. The UK AI market, currently valued at over £16.8 billion (USD 18.39 billion), is expected to grow significantly, reaching £801.6 billion (USD 877.26 billion) by 2035. Therefore, the adoption of IT in the healthcare sector is anticipated to significantly boost the growth of the patient safety and risk management software industry in the future.
Growing investments in healthcare infrastructure are anticipated to drive the expansion of the patient safety and risk management software market in the future. Investments in healthcare infrastructure involve allocating resources such as funding, technology, and personnel to enhance the physical and technological framework of healthcare facilities and systems. These investments encompass upgrading hospital facilities, bolstering the healthcare workforce, digitizing public health data infrastructure, and strengthening health systems, all of which contribute to the development of patient safety and risk management software. For example, in July 2024, the American Medical Association, a US-based professional organization, reported that health spending in the U.S. increased by 4.1% in 2022, reaching $4.5 trillion, which equates to $13,493 per person. Thus, the rising investments in healthcare infrastructure are propelling the growth of the patient safety and risk management software market.
The adoption of diverse innovative technologies has emerged as a prominent trend in the patient safety and risk management software market. Characterized by technological or scientific processes and products, innovative technology plays a crucial role in the development of patient safety and risk management software. Companies in this market are actively focusing on creating innovative products equipped with the latest technologies to broaden their customer base and enhance their business offerings. A case in point is Mindray, a global provider of medical devices and solutions, which launched the M-Connect IT Solution in May 2022. This solution is designed to optimize clinical workflow and ensure patient safety in hospitals, exemplifying the trend of incorporating innovative technologies in the patient safety and risk management software market.
Major players in the patient safety and risk management software market are concentrating on augmenting their existing platforms with new features to gain a competitive advantage. The addition of new functionalities or capabilities to patient safety and risk management software solutions is aimed at assisting healthcare providers in improving patient safety and mitigating the risk of medical errors. Origami Risk, a US-based risk, safety, and insurance software as a service (SaaS) technology firm, exemplifies this trend. In May 2023, Origami Risk introduced a new solution to its platform for patient safety and healthcare risk management, streamlining the initiation, monitoring, and reporting of peer reviews. This inclusive solution supports interactions with committees and peer reviewers, facilitating a just culture and identifying opportunities to elevate the standard of care. The platform addresses reviews of nurses and medical residents and includes specialty-based review forms that can be tailored to meet individual organizational needs.
In January 2023, DNV, a Norway-based provider of quality assurance and risk management services, acquired MBI Healthcare Technologies for an undisclosed sum. This acquisition bolsters DNV's capabilities in healthcare assurance and digital solutions, with a specific focus on patient safety, healthcare quality, and operational efficiency. MBI Healthcare Technologies is a UK-based provider of patient safety solutions.
Major companies operating in the patient safety and risk management software market include Conduent Legal & Compliance Solutions LLC, Becton Dickinson and Company, Health Catalyst Inc., RLDatix Solutions Inc., Riskonnect Inc., Origami Risk LLC, Symplr LLC, Clarity Group Inc., The Patient Safety Company B. V., Morrisey Holdings Inc., Quantros Inc., Marsh ClearSight LLC, Datix Limited, RL Solutions Inc., Ideagen plc, IQVIA Holdings Inc., NAVEX Global Inc., Wolters Kluwer N. V.
North America was the largest region in the patient safety and risk management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient safety and risk management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the patient safety and risk management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Patient safety and risk management software are computer programs used in risk management to analyze and report medical issues that arise in healthcare institutions. These programs are instrumental in reducing and preventing errors within the healthcare system. Patient safety focuses on minimizing harm to patients, while risk management prioritizes mitigating patient harm as well as other forms of hazards.
The main types of patient safety and risk management software include risk management and safety solutions, claims management solutions, and governance, risk, and compliance solutions. Risk management and safety solutions are applied for analyzing and reporting medical issues that arise in healthcare institutions, covering both risk assessment and reduction in safety risk management. Deployment modes for these software solutions include private cloud and public cloud. They are adopted by various end users, including hospitals, ambulatory care centers, long-term care centers, pharmacies, and others.
The patient safety and risk management software market research report is one of a series of new reports that provides Patient safety and risk management software market statistics, including Patient safety and risk management software industry global market size, regional shares, competitors with a Patient safety and risk management software market share, detailed Patient safety and risk management software market segments, market trends and opportunities, and any further data you may need to thrive in the Patient safety and risk management software industry. This Patient safety and risk management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The patient safety and risk management software market consist of revenues earned by entities by providing patient safety and risk management software used to analyze and report medical issues. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Patient Safety and Risk Management Software Market Characteristics3. Patient Safety and Risk Management Software Market Trends and Strategies4. Patient Safety and Risk Management Software Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Patient Safety and Risk Management Software Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Patient Safety and Risk Management Software Market34. Recent Developments in the Patient Safety and Risk Management Software Market
5. Global Patient Safety and Risk Management Software Growth Analysis and Strategic Analysis Framework
6. Patient Safety and Risk Management Software Market Segmentation
7. Patient Safety and Risk Management Software Market Regional and Country Analysis
8. Asia-Pacific Patient Safety and Risk Management Software Market
9. China Patient Safety and Risk Management Software Market
10. India Patient Safety and Risk Management Software Market
11. Japan Patient Safety and Risk Management Software Market
12. Australia Patient Safety and Risk Management Software Market
13. Indonesia Patient Safety and Risk Management Software Market
14. South Korea Patient Safety and Risk Management Software Market
15. Western Europe Patient Safety and Risk Management Software Market
16. UK Patient Safety and Risk Management Software Market
17. Germany Patient Safety and Risk Management Software Market
18. France Patient Safety and Risk Management Software Market
19. Italy Patient Safety and Risk Management Software Market
20. Spain Patient Safety and Risk Management Software Market
21. Eastern Europe Patient Safety and Risk Management Software Market
22. Russia Patient Safety and Risk Management Software Market
23. North America Patient Safety and Risk Management Software Market
24. USA Patient Safety and Risk Management Software Market
25. Canada Patient Safety and Risk Management Software Market
26. South America Patient Safety and Risk Management Software Market
27. Brazil Patient Safety and Risk Management Software Market
28. Middle East Patient Safety and Risk Management Software Market
29. Africa Patient Safety and Risk Management Software Market
30. Patient Safety and Risk Management Software Market Competitive Landscape and Company Profiles
31. Patient Safety and Risk Management Software Market Other Major and Innovative Companies
35. Patient Safety and Risk Management Software Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Patient Safety and Risk Management Software Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on patient safety and risk management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for patient safety and risk management software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The patient safety and risk management software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Risk Management and Safety Solutions; Claims Management Solutions; Governance, Risk and Compliance Solutions2) by Deployment Mode: Private Cloud; Public Cloud
3) by End-User: Hospitals; Ambulatory Care Centers; Long-Term Care Centers; Pharmacies; Other End Users
Subsegments:
1) by Risk Management and Safety Solutions: Incident Reporting Systems; Risk Assessment Tools; Safety Event Management; Patient Safety Culture Assessment Tools2) by Claims Management Solutions: Claims Processing Software; Claims Tracking Systems; Denial Management Solutions; Payment Processing Solutions
3) by Governance, Risk and Compliance Solutions: Regulatory Compliance Management Software; Policy Management Systems; Audit Management Solutions; Risk Assessment and Mitigation Tools
Key Companies Mentioned: Conduent Legal & Compliance Solutions LLC; Becton Dickinson and Company; Health Catalyst Inc.; RLDatix Solutions Inc.; Riskonnect Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Patient Safety and Risk Management Software market report include:- Conduent Legal & Compliance Solutions LLC
- Becton Dickinson and Company
- Health Catalyst Inc.
- RLDatix Solutions Inc.
- Riskonnect Inc.
- Origami Risk LLC
- Symplr LLC
- Clarity Group Inc.
- The Patient Safety Company B. V.
- Morrisey Holdings Inc.
- Quantros Inc.
- Marsh ClearSight LLC
- Datix Limited
- RL Solutions Inc.
- Ideagen plc
- IQVIA Holdings Inc.
- NAVEX Global Inc.
- Wolters Kluwer N. V.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.5 Billion |
| Forecasted Market Value ( USD | $ 4.23 Billion |
| Compound Annual Growth Rate | 14.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
