4 trends in the $1.47B global patient safety & risk management software market

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The global patient safety and risk management software market is estimated to reach $1.47 billion by 2021, according to a Research and Markets report.

Here are four key trends in the market:

1. The increasing need to curb growing healthcare costs, the rising incidence of medical errors and a number of government initiatives to promote healthcare IT's worldwide drive market growth. These factors will encourage stakeholders to deploy patient safety and risk management software.

2. North America and Europe have been in the forefront of acknowledging the need for patient safety in healthcare and implementing the needed software and technology.

3. The Asia Pacific region, Latin America, the Middle East and Africa are beginning to implement patient safety and risk management technology.

4. Major players in the market include CareFusin, Dell Software and Health Catalyst.

More articles on health information technology:
5 things to know about the global patient engagement solutions market
Physicians speak out against EHR 'shackles' in JAMA commentary
Cedars-Sinai launches hospital-patient text messaging, end-of-life care platforms

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