Global Patient Safety and Risk Management Software Market to Reach $4.1 Billion by 2030
The global market for Patient Safety and Risk Management Software estimated at US$2.2 Billion in the year 2023, is expected to reach US$4.1 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2023-2030. Risk Management & Safety Solutions, one of the segments analyzed in the report, is expected to record a 8.9% CAGR and reach US$2.8 Billion by the end of the analysis period. Growth in the Governance, Risk & Compliance Solutions segment is estimated at 10.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $582.6 Million, While China is Forecast to Grow at 12.3% CAGR
The Patient Safety and Risk Management Software market in the U.S. is estimated at US$582.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$933.7 Million by the year 2030 trailing a CAGR of 12.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$625.6 Million by the year 2030.
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