In an ever-evolving healthcare landscape, the implementation and analysis of medical quality management systems have never been more crucial. As we enter 2024, these systems are pivotal for ensuring optimal patient care, reducing medical errors, and streamlining operations within healthcare facilities. Understanding the statistical trends and data surrounding these systems provides invaluable insights into their effectiveness and areas needing improvement, directly influencing the business landscape of the medical industry.
Key stakeholders, including hospital administrators, healthcare providers, policymakers, and medical technology developers, will find this data indispensable. By examining these statistics, stakeholders can understand how quality management systems impact overall healthcare delivery and operational efficiency. This, in turn, affects funding, regulations, and technological advancements, all contributing to a stronger, more resilient healthcare industry.
In a rapidly changing sector, data on medical quality management systems informs strategic decision-making and guides policy formulation. It empowers healthcare facilities to pinpoint inefficiencies, adopt best practices, and stay ahead of industry standards. As we delve into the detailed statistics, it becomes evident how critical these insights are for driving innovation and ensuring superior patient outcomes, thereby shaping the future of healthcare management.
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Top Medical Quality Management Systems Statistics 2024
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Data Quality Issues And Recommendations
- The top 5 worst quality sites are chosen for display to focus attention on the most important candidates for improvements. [?]
- The confidence score for each of 15 reliability metrics offered in Asset Answers is displayed as High, Medium, Low, Very Low, or Not Available (no data). [1]
- Maintenance cost not captured on closed work orders was the biggest issue with 100% work orders missing maintenance cost in a specific example. [1]
- Hyperlinks are shown for issues with a percentage score bigger than 0%. [1]
- The PRIORITIZED DATA QUALITY ISSUES AND RECOMMENDATIONS tab contains a set of 16 data quality metrics frequently found when assessing the quality of assets. [1]
- This page shows the percentage of records with issues across each of these 16 issues for the entire enterprise. [1]
- Accessing Asset Answers and selecting the Data Quality tab displays the reliability metrics confidence score for the top 5 worst data quality sites. [1]
- The PRIORITIZED DATA QUALITY ISSUES AND RECOMMENDATIONS section shows 16 frequently found data issues, the percentage of asset data having the issues, and recommended actions for the corresponding assets. [1]
Market Size And Growth
- The global healthcare quality management software market size was valued at USD 1.1 billion in 2022 and is expected to grow at a CAGR of 13.24% from 2023 to 2030. [2]
- The global medical QMS software market size is expected to grow at a CAGR of 14.4% during the forecast period from 2021-2030. [3]
- Europe and America are significant markets for QMS software and are expected to grow at a CAGR of 14.24% and 14.13%, respectively. [3]
- The on-premise segment held a considerable portion of the overall industry, accounting for 60% in 2020. [3]
- The cloud segment is expected to rise as the quickest developing segment and grow at a CAGR of 17.39% over the forecast period. [3]
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Medication Errors And Safety
- A study published by MDPI in 2022 found that medication errors among nurses were prevalent, with a rate of 72.1%. [2]
- Wrong doses accounted for the most common type of medication error, with a rate of 46.9%. [2]
- Over 50% of medication errors were associated with prescribing, ordering, and transcription in a central hospital in Saudi Arabia. [2]
- Approximately 7,000 to 9,000 Americans lose their lives each year due to medication errors. [2]
- The cost of medication errors worldwide is estimated by the WHO to be $42 billion per year. [6]
- Drug mistakes result in the deaths of 7,000-9,000 Americans per year, and the cost of treating individuals who have had medication errors in the U.S. exceeds $40 billion annually. [6]
Market Segmentation And Trends
- Business intelligence and data analytics solutions held the largest market share of over 51.0% in 2022 and are expected to witness the fastest growth in the forecast period. [2]
- The data management segment held the largest market share of 41.5% in 2022. [2]
- The cloud-based segment dominated the market, accounting for a revenue share of 45.9% in 2022. [2]
- On-premises software accounted for a significant revenue share in 2022 due to its ability to provide data security and control. [2]
- The hospital segment held the largest market share of 56.5% in 2022 and is projected to experience the fastest growth during the forecast period. [2]
- North America dominated the market with a share of 43.3% in 2022. [2]
Acquisitions And Partnerships
- In November 2021, Crothall Healthcare introduced a web-based QMS platform in conjunction with Intelex. [2]
- Hexagon AB acquired ETQ, a SaaS-based QMS software provider, in February 2022. [2]
- ComplianceQuest partnered with EZEN in 2022 to offer digital transformation services to the life sciences and healthcare sectors. [4]
- Palantir Technologies Inc. introduced its Quality Management System for life sciences customers using the Foundry platform in January 2023. [4]
- In September 2023, PTC announced the availability of Arena PLM and QMS in China to meet the growing demand for SaaS solutions. [5]
Regulatory Standards And Compliance
- ISO 9000 enrolment has become a requirement in the European Union, Asia-Pacific, the US, and Canada, increasing the demand for the QMS software market. [3]
- The FDA received more than 100,000 reports associated with medication errors in 2019. [6]
- Compliance with FDA 21 CFR Part 820 is mandatory for medical device manufacturers in the US market. [7]
- The International Organization for Standardization (ISO) is responsible for the international regulatory standard ISO 13485:2016. [7]
- ISO 13485:2016 standard specifies requirements for a QMS where an organization needs to demonstrate its ability to provide medical devices and related services that constantly meet customer and applicable regulatory requirements. [7]
- The FDA’s CFR Part 820 compliance requirements act as a blueprint for worldwide regulatory compliance guidance. [8]
Pandemic Impact And Healthcare Trends
- Restrictions on outpatient visits and social isolation due to the COVID-19 pandemic had a substantial effect on quality and compliance management. [2]
- The demand for QMS systems quickly increased as the healthcare facilities were unprepared for the COVID-19 outbreak. [3]
- The COVID-19 pandemic compelled Asia Pacific countries to prioritize pharmaceutical manufacturing, transport, and logistics while maintaining high quality. [4]
- Asia Pacific is expected to register the fastest CAGR of more than 12.0% over the forecast period. [11]
- The hospital segment is poised to advance at the highest CAGR in excess of 13.0% during the projection period. [11]
Financial And Operational Metrics
- In 2018, an average of 1 data breach was accounted for per day, whereas in 2020, it went up to 1.76 per day. [3]
- From 2009 to 2019, around 3,000 data breaches resulted in the disclosure of 230,954,151 confidential medical service records. [3]
- The U.S. quality management software market size was estimated at USD 3.28 billion in 2023 and is projected to grow at a CAGR of 11.0% from 2024 to 2030. [5]
- The global healthcare quality management software market was valued at US$3.48 billion in 2021. [6]
- The healthcare quality management market is projected to reach $3.31 billion by 2025. [9]
Technological Developments
- Siemens Digital Industries Software announced Teamcenter Quality Software, a new suite of solutions that provide a closed-loop approach for quality management from design to manufacturing on the shop floor and back again in March 2021. [3]
- In May 2023, Greenlight Guru announced new Risk Solutions, a complete risk management software that pairs AI-generated insights with risk management workflows. [5]
- The cloud-based segment is expected to exhibit the highest CAGR of 11.0% over the forecast period. [11]
- Quality Management Software Market in Europe was valued at USD 2.63 Billion in 2022. [11]
- The global quality management software market size was valued at USD 8.68 billion in 2021 and is projected to reach USD 20.83 billion by 2030, growing at a CAGR of 10.48% during the forecast period from 2022 to 2030. [10]
Patient Safety And Quality Improvement
- WHO estimates that due to hazardous care, 134 million adverse events take place in hospitals each year in low- and middle-income countries (LMICs), resulting in 2.6 million fatalities. [6]
- The World Health Assembly backed the creation of World Patient Safety Day, marked yearly by Member States on September 17 to monitor patient safety improvements. [6]
- According to the WHO, one in six individuals on the planet will be 60 or older by 2030. [6]
- The annual deaths due to a lack of healthcare quality and safety are estimated to be 98,000 in the United States. [9]
Software And Solution Providers
- In April 2023, Greenlight Guru, a cloud-based software solutions developer for MedTech companies, announced the launch of Export API. [11]
- In January 2024, MasterControl launched its highly advanced Quality Event Management (QEM) product. [13]
- ComplianceQuest helps organize company’s ISO 13485:2016 requirements, improving productivity and helping auditors and notified bodies find what they need quickly and effortlessly. [14]
Healthcare And Compliance Challenges
- Nearly 70% of healthcare spending was focused on chronic illnesses in 2019. [9]
- More than 30% of healthcare spending was wasted due to poor quality care in 2019. [9]
- The cost of full-quality management software, without the extra services, is between $15,000 and $50,000. [6]
- The on-demand QMS segment accounted for the largest market share in 2022 and is expected to register a CAGR of over 9.0% from 2023 to 2030. [12]
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Sources
- ge – https://www.ge.com/digital/documentation/asset-answers/v36/asset-answers-data-quality.html
- grandviewresearch – https://www.grandviewresearch.com/industry-analysis/healthcare-quality-management-software-market-report
- straitsresearch – https://straitsresearch.com/report/medical-qms-software-market
- grandviewresearch – https://www.grandviewresearch.com/industry-analysis/pharmaceutical-quality-management-software-market-report
- grandviewresearch – https://www.grandviewresearch.com/industry-analysis/us-quality-management-software-market-report
- knowledge-sourcing – https://www.knowledge-sourcing.com/report/healthcare-quality-management-software-market
- simplerqms – https://simplerqms.com/medical-device-quality-management-system/
- kalypso – https://kalypso.com/industries/medical-device/digital-quality-management-system-qms
- worldmetrics – https://worldmetrics.org/healthcare-quality-management-industry-statistics/
- straitsresearch – https://straitsresearch.com/report/quality-management-software-market
- grandviewresearch – https://www.grandviewresearch.com/industry-analysis/quality-management-software-market
- globaldata – https://www.globaldata.com/store/report/quality-management-software-market-analysis/
- polarismarketresearch – https://www.polarismarketresearch.com/industry-analysis/quality-management-software-market
- compliancequest – https://www.compliancequest.com/quality/medical-device-quality-management-system/