Patient Safety And Risk Management Software Market Size Worth $3.1 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Oct. 14, 2020 /PRNewswire/ —  The global patient safety and risk management software market size is expected to reach USD 3.1 billion by 2027, expanding at a CAGR of 11.0%, according to a new report by Grand View Research, Inc. The increasing need for efficient patient safety and risk assessment solutions to increase the efficiency of the healthcare providers and rising government initiatives to promote healthcare IT and improve the healthcare infrastructure are the key factors driving the market growth. Furthermore, the increasing occurrence of cyber-attacks on electronic health records is expected to boost the revenue growth of this market over the forecast period.

Key suggestions from the report:

  • The increasing incidence of medical errors is expected to be the major factor driving the market
  • The risk management and safety solutions segment dominated the market with a revenue share of 67.4% in 2019, owing to the development of the solutions to effectively monitor patient safety
  • The Asia Pacific dominated the market and accounted for the largest revenue share of 12.5% in 2019, owing to the increasing patient population and increased adoption of technology in healthcare facilities.

Read 90 page research report with ToC on “Patient Safety And Risk Management Software Market Size, Share & Trends Analysis Report By Software Type, By End User (Hospitals, Ambulatory Care Centers, Long-term Care Centers), By Region, And Segment Forecasts, 2020 – 2027  ” at: https://www.grandviewresearch.com/industry-analysis/patient-safety-risk-management-software-market

Based on software type, the risk management and safety solutions segment dominated the market and accounted for the largest revenue share of 67.4% in 2019. One of the key factors contributing to the increase in demand for such solutions is to monitor the safety of patients and improve organizational growth, therefore waiving off risk factors. On the other hand, the governance, risk, and compliance

Orca Security Research Reveals How Software Industry Unwittingly Distributes Virtual Appliances with Known Vulnerabilities

NEWS HIGHLIGHTS

Software vendors are often distributing their wares on virtual appliances with exploitable and fixable vulnerabilities, and running on outdated or unsupported operating systems:

  • The Orca Security research study found 401,571 total vulnerabilities in scanning 2,218 virtual appliance images from 540 software vendors.

  • The research has started to move the cloud security industry to a safer future. Since alerting vendors of these risks, 287 products have been updated and 53 removed from distribution, leading to 36,938 discovered vulnerabilities being addressed.

  • For example, Dell EMC issued a critical security advisory; Cisco published fixes to 15 found security risks; and IBM, Symantec, Kaspersky Labs, Oracle, Splunk, ZOHO and Cloudflare all removed outdated or vulnerable virtual appliances.

The “Orca Security 2020 State of Virtual Appliance Security” report found that as evolution to the cloud is accelerated by digital transformation across industries, keeping virtual appliances patched and secured has fallen behind. The report illuminated major gaps in virtual appliance security, finding many are being distributed with known, exploitable and fixable vulnerabilities and on outdated or unsupported operating systems.

To help move the cloud security industry towards a safer future and reduce risks for customers, Orca Security analyzed 2,218 virtual appliance images from 540 software vendors for known vulnerabilities and other risks to provide an objective assessment score and ranking.

Virtual appliances are an inexpensive and relatively easy way for software vendors to distribute their wares for customers to deploy in public and private cloud environments.

“Customers assume virtual appliances are free from security risks, but we found a troubling combination of rampant vulnerabilities and unmaintained operating systems,” said Avi Shua, Orca Security CEO and co-founder. “The Orca Security 2020 State of Virtual Appliance Security Report shows how organizations must be vigilant to test and close any vulnerability gaps, and that the software industry

Intel, IIIT-Hyderabad, PHFI And Telangana Government Launch Applied Artificial Intelligence Research Center

What’s New: Today at the inaugural all.ai 2020 Virtual Summit, Intel India in collaboration with the government of Telangana, International Institute of Information Technology, Hyderabad (IIIT-H) and Public Health Foundation of India (PHFI) announced the launch of INAI, an applied artificial intelligence (AI) research center in Hyderabad. INAI is an initiative to apply AI to population scale problems in the Indian context, with a focus on identifying and solving challenges in the healthcare and smart mobility segments through strong ecosystem collaboration.

“With its unique strengths of talent, technology, data availability, and the potential for population-scale AI adoption, India has this tremendous opportunity to lead human-centric applications and democratize AI for the world. Our aspiration is to make AI synonymous with India as we strive to achieve the true potential of AI in critical segments like healthcare, smart mobility and the future of work by advancing innovation, research, technology and skills. The launch of the Applied AI Research Center, initiatives to train students on AI readiness skills and the all.ai 2020 Summit reinforce our commitment towards realizing the exponential impact of AI in an inclusive, collaborative and responsible manner.”
–Nivruti Rai, Intel country head for India and vice president of the Data Platforms Group

How It Will Work: INAI will act as a catalyst to accelerate India’s leadership in AI by driving innovation and entrepreneurship, creating national assets such as curated datasets, computing infrastructure, tools and frameworks with the aim to attract global talent for high-impact research towards social sector development. This collaborative effort, championed by Intel and catalyzed by the Government of Telangana, is anchored at IIIT-H and brings multiple institutions together to work on solutions that have societal-scale impact. PHFI is the founding healthcare partner in this initiative.

Why It Matters: As India continues its transformation, adoption

Assisted Living Software Market – Actionable Research on COVID-19|Demand for the Integration of eMAR to Boost the Market Growth

The global assisted living software market size is poised to grow by USD 320.80 million during 2020-2024, progressing at a CAGR of almost 15% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Assisted Living Software Market 2020-2024 (Graphic: Business Wire)

The increasing demand for the integration of electronic medical administration records (eMAR) as one of the key drivers that will influence the market’s growth during 2020-2024. The integration of eMAR in assisted living software helps in scheduling and tracking medications, treatments, and supplements. The assisted living software is also used to capture vital signs and blood glucose readings. The integration of eMAR in assisted living software offers various benefits such as easy use of charting screens with alerts. It also involves medication inventory system, MAR reports, and pharmacy interface. Furthermore, it enables financial analytics for medication administration and facilitates active coordination between therapeutic and medication treatment plans and automated billing processes based on medication duration.

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Report Highlights:

  • The major assisted living software market growth came from the cloud-based solutions segment. These solutions come with a regular payment system and periodic expenses for maintenance and updates instead of a huge one-time investment. Other hosted solution options may involve a larger portion of the upfront cost, followed by smaller annual support payments.