| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 2.28 Billion |
| Market Size (2030) | USD 3.96 Billion |
| CAGR (2025 - 2030) | 11.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Patient Safety And Risk Management Software Market Analysis
The Patient Safety And Risk Management Software Market size is estimated at USD 2.28 billion in 2025, and is expected to reach USD 3.96 billion by 2030, at a CAGR of 11.7% during the forecast period (2025-2030).
Software solutions in the patient safety and risk management software market often include features for incident reporting, tracking, and management. Healthcare providers use these tools to document and investigate adverse events, near misses, and other incidents that pose risks to patient safety. The growing number of medical errors and the need for patient safety and care are the factors driving the market growth.
Increasing recognition of the importance of patient safety has catalyzed the formation of international and national quality and safety alliances to set priorities and shape policy. This is likely to raise the demand for effective and sophisticated patient safety and risk management monitoring solutions, thus driving the market.
For instance, in February 2024, Patient Safety Movement Foundation launched The Patient Safety Leadership Association, to implement evidence-based solutions and new technologies proven to save patient lives. The adoption of such solutions and technologies proven to save patient lives can create a demand for innovative software tools within the patient safety and risk management software market, which is likely to drive the market growth.
Moreover, software developers push the boundaries of innovation to meet the growing demand for patient safety and risk management software. Recent developments include regulatory approvals and advancements of software features of patient safety software is also likely to drive the market growth. For instance, in May 2023, Origami Risk introduced a new feature to its healthcare risk management and patient safety platform. This addition streamlines the initiation, tracking, and reporting of peer reviews. These reviews are crucial, especially those mandated by The Joint Commission and other regulatory and accrediting bodies. Such peer reviews play a pivotal role in pinpointing opportunities to enhance the quality of care.
Therefore, the growing acknowledgment of patient safety's significance and the implementation of effective care quality models by software providers are key drivers bolstering market growth during the forecast period.
Patient Safety And Risk Management Software Market Trends
Risk Management & Safety is Expected to Dominate Patient Safety And Risk Management Software Market
The risk management and safety solution software segment led the market. This dominance stems from the emergence of risk and saftey management software, enabling healthcare managers to retrieve patient data from a unified system. This not only enhances accessibility but also ensures data protection, ultimately facilitating high-quality care for patients.
Additionally, healthcare networking initiatives and information technology research and development investments promote enhanced care coordination among healthcare providers. Hence, companies continuously strive for innovation to meet the growing demand for risk management software. For instance, in February 2024, Dozee unveiled its groundbreaking Fall Prevention Alert (FPA) feature, set to transform patient safety standards in hospitals. With its real-time monitoring and proactive alert system, Dozee's FPA feature is at the forefront of enhancing patient safety.
Similarly, in May 2023, DOSIsoft unveiled its latest software application, ThinkQA Secondary Dose Check. This innovative tool calculates and verifies secondary doses for patients. Tailored for Radiation Therapy (RT) departments, it enhances patient-specific safety and quality assurance (QA) procedures, aligning with the latest QA standards in adaptive radiotherapy tools and methods.
The introduction of innovative tools like the FPA and ThinkQA Secondary Dose Check showcases the integration of technological advancements in risk and safety management software. By incorporating advanced tools like FPA and ThinkQA Secondary Dose Check, healthcare facilities can minimize the risk of medical errors, ensuring patient safety and improving the overall quality of care.
In conclusion, the introduction of groundbreaking features and innovative software applications by companies like Dozee and DOSIsoft can have a significant impact on the risk and safety management software market by driving advancements in patient safety, quality assurance, and technological integration within healthcare settings. This is likely to drive the risk management & safety solutions software segment.
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North America is Expected to Dominate the Patient Safety And Risk Management Software Market
North America is likely to dominate the patient safety and risk management software market. This growth can be largely attributed to the widespread adoption of healthcare IT services aimed at organizing and streamlining workflows in healthcare institutions across the United States and Canada. Furthermore, the region's technologically advanced healthcare infrastructure, coupled with a transition from on-premise to cloud-based solutions, is propelling market expansion.
Additionally, the increasing utilization of data analytics to bolster patient safety, continuous efforts within hospitals and health systems to improve patient safety standards, and the presence of numerous key market players in the United States are pivotal factors fueling this regional market growth. For instance, in 2023, the American Hospital Association (AHA) launched a new patient safety initiative to bolster ongoing efforts nationwide. The initiative focuses on strengthening and enhancing patient safety protocols in hospitals and health systems.
Moreover, forming strategic alliances with healthcare providers is propelling market growth in the region. For example, in March 2023, RLDatix entered into a strategic partnership with Steward Health Care, facilitating the adoption of RLDatix's enterprise software solutions across Steward's 39 hospitals. With RLDatix’s enterprise platform, Steward Health Care can efficiently oversee concurrent workflows and processes tied to risk management.
Thus, initiatives aimed at bolstering patient safety protocols in healthcare systems, coupled with the formation of strategic partnerships, are poised to propel market growth in North America during the forecast period.
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Patient Safety And Risk Management Software Industry Overview
The patient safety and risk management software market is fragmented due to the presence of several companies operating globally and regionally. Each entity contributes to this fragmentation through unique innovations, regional launches, partnerships with diverse organizations, and promotions across leading platforms. Some key players operating in the market are Cority, Inovalon, Origami Risk, Riskonnect, and RLDatix, among others.
Patient Safety And Risk Management Software Market Leaders
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Cority
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Inovalon
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Origami Risk
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Riskonnect
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RLDatix
- *Disclaimer: Major Players sorted in no particular order
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Patient Safety And Risk Management Software Market News
- May 2024: RLDatix unveiled its RLDatix Safety Institute, a sanctioned Patient Safety Organization (PSO) dedicated to researching optimal practices for safety design and minimizing care delivery risks.
- September 2024: CluePoints unveiled its Medical & Safety Review (MSR) software. This innovative tool enhances the medical analysis of study data, offering user-friendly dashboards, efficient data manipulation and cleaning, effective query management, and complete transparency over data history. By boosting efficiency and communication in medical oversight, the MSR not only prioritizes patient safety but also positions itself as a distinct and intelligent solution in the market.
Patient Safety And Risk Management Software Industry Segmentation
As per the report's scope, patient safety and risk management software refers to the software solutions designed to enhance patient safety, minimize risks, and improve the overall quality of care within healthcare settings.
The patient safety and risk management software market is segmented by software type, deployment mode, and end users. In terms of software, the market is segmented as risk management and safety solutions, claims management solutions, and others. By deployment mode, the market is bifurcated into cloud-based and on-premise. By end-user, the market is segmented into hospitals, ambulatory care centers, long-term care centers, and others. The market is segmented by geography into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD) for the above segments.
| By Software Type | Risk Management & Safety Solutions | ||
| Claims Management Solutions | |||
| Others | |||
| By Deployment Mode | Cloud-Based | ||
| On-Premise | |||
| By End-User | Hospitals | ||
| Ambulatory Care Centers | |||
| Long-Term Care Centers | |||
| Others | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | GCC | ||
| South Africa | |||
| Rest of Middle East and Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
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Patient Safety And Risk Management Software Market Research FAQs
How big is the Patient Safety And Risk Management Software Market?
The Patient Safety And Risk Management Software Market size is expected to reach USD 2.28 billion in 2025 and grow at a CAGR of 11.70% to reach USD 3.96 billion by 2030.
What is the current Patient Safety And Risk Management Software Market size?
In 2025, the Patient Safety And Risk Management Software Market size is expected to reach USD 2.28 billion.
Who are the key players in Patient Safety And Risk Management Software Market?
Cority, Inovalon, Origami Risk, Riskonnect and RLDatix are the major companies operating in the Patient Safety And Risk Management Software Market.
Which is the fastest growing region in Patient Safety And Risk Management Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Patient Safety And Risk Management Software Market?
In 2025, the North America accounts for the largest market share in Patient Safety And Risk Management Software Market.
What years does this Patient Safety And Risk Management Software Market cover, and what was the market size in 2024?
In 2024, the Patient Safety And Risk Management Software Market size was estimated at USD 2.01 billion. The report covers the Patient Safety And Risk Management Software Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Patient Safety And Risk Management Software Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Patient Safety And Risk Management Software Industry Report
Statistics for the 2025 Patient Safety And Risk Management Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Patient Safety And Risk Management Software analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
