Healthcare Quality Management Market Size

Healthcare Quality Management Market size was valued at USD 5.84 billion in 2024 and is likely to exceed USD 46.49 billion by the end of 2037, expanding at over 17.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of healthcare quality management is evaluated at USD 6.64 billion.

The growth of the market can be attributed to the increasing amount of data generated in the entire world of healthcare. The huge amount of data prompts the need for healthcare quality management for analyzing the data and extract meaningful patterns. Researchers at the Icahn School of Medicine at Mount Sinai are focusing on breast and ovarian cancer through research that analyses enormous volumes of data from more than 2,000 Genetic sequences. The research takes place on a safe cloud-based platform through Amazon Web Services, and the data set is of volume more than 100 terabytes.

In addition to these, factors that are believed to fuel the healthcare quality management market growth of healthcare quality management include the growing adoption of electronic health records by various clinics and hospitals. The use of EHR improves the quality of healthcare by increasing the precision and clarity of medical records, the EHR can reduce the frequency of medical errors. Moreover, it enables the availability of medical information, reduces redundant testing, speeds up the treatment, and empowers patients to make better decisions. Since 2011 when 28% of hospitals and 34% of physicians had implemented an EHR in the United States, there has been a significant 10-year advancement. Moreover, by 2021, almost 96% of non-federal acute care hospitals and approximately four out of five office-based physicians approximately 78% had embraced certified EHRs.