European Quality Management In Healthcare Market (2018-2024)

Business Intelligence and Analytics segment will continue to dominate the healthcare quality management market as it is increasingly in demand by the healthcare organizations to extract meaningful, actionable insights from the wealth of raw information that is the key to improve quality and patient outcomes. With increasing complexity in healthcare data generated by the healthcare systems and dependency on digital technology in the country, business intelligence act as a boon in business operation management in Europe, thereby witnessing the fastest growth in the European market.

With increasing need for data management, storage, retrieval, and access to data by physicians in healthcare departments, and new approaches to data center infrastructure, cloud computing is growing at a faster pace in the European region. Shifting the approach of critical applications to the cloud rather than opting for traditional on-premise software ownership offers significant benefits such as cost savings, time savings, increased agility, and better quality of service. Moreover, increasing pressure to improve care quality, growing efforts to enhance the patient experience and reduce costs further supports the demand for web & cloud-based solutions in European quality management in the healthcare market.

With the adoption of EHR, there is an immense increase in the amount of healthcare data generated across the region. The effective management of data helps hospitals to overcome data and storage management challenges such as data silos, errors and information explosion. Thus, increasing volume of disparate data and the requirement of quality-based reports by regulatory bodies offer immense growth opportunities for European quality management in the healthcare market in the near future.

With an increase in aging population and rising health care costs in Europe, quality management in healthcare is gaining wide attention. In addition, growing HCIT adoption, increasing focus on quality care and patient safety, significant growth in health care spending and venture capital investments in HCIT, rising medical error rates, increasing healthcare costs, and government initiatives to follow quality measures and reporting are the major factors supporting the adoption of healthcare quality management solutions by the hospitals in Europe.