Patient Safety in Healthcare, Forecast to 2022

Investment Trends, Growth Opportunities, Challenges, and Future Perspectives

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The study is a comprehensive analysis of 30 most pressing patient safety adverse events affecting patients, care givers, and healthcare organizations across the globe. The study measures the current and forecast country-wise cost impact, number of incidences, and mortality of individual adverse events. It goes on to list the top adverse events, increasingly capturing care provider mind shares, current investment trends and forecast stakeholder interests. It also analyses the current competitive environment, most impactful vendor solutions addressing the top patient safety issues and their future market potential. The study also highlights some of the most innovative and promising solutions capable of disrupting the market as well as convergence of new technologies entering the field. It finally concludes with pointing out the top 5 most compelling future growth opportunities, key strategies for growth and implementation challenges.

Research Highlights

Frost & Sullivan estimates that the various adverse events put an additional cost burden of $317.9 billion on hospitals across the US and Western Europe, adversely affecting 91.8 million patients and leading to 1.95 million deaths in 2016. The cost burden is expected to increase at a CAGR of 3.2% to reach $383.7 billion by 2022.

Key Features

The various adverse events are segmented across four categories, namely

  • Patient Care Management (medication safety, wrong patient/ site/ indication (WPSI) events, patient falls, pressure ulcers, antibiotic resistance, patient handoff safety, maternal death and diagnostic safety);
  • Health IT Management (EHR/ EMR Safety, alarm fatigue, lack of patient engagement, hospital outcomes data transparency, protected health information (PHI) compromise, unnecessary emergency department (ED) admissions, and medical device cyber-security);
  • Surgical Care Management (CAUTI, vascular catheter infections, HAP/ VAP, venous thromboembolism, surgical site infections (SSI), sepsis, air embolism, foreign object post-surgery, off-label drug/ device usage); and
  • Environment and Workforce Management (burns/ thermal injuries, anesthesia safety, electrocution, healthcare worker (HCW) immunization, occupational physical safety hazards, and psychological health of HCW).

Research Benefits

The study contains the following key data points with respect to an adverse event—

  • Estimated mortality rate
  • Number of incidences in 2016, by region
  • Cost impact of each adverse event in 2016, by country
  • Estimated growth of cost impact till 2022, by country
  • Segment-wise average cost per adverse event, by country
  • Current and future assessment of each adverse event in terms of current degree of control on the issue and expected future stakeholder focus on combating the issue, by region
  • Estimation of market potential of each adverse event in terms of competitive intensity, effectiveness and expected future adoption potential of current vendor solutions, new innovative solutions addressing each issue and disruptive potential of the patient safety event

Table of Contents

Executive SummaryKey Findings—Patient Safety Adverse Events and their ImpactKey Findings—Segmental AnalysisKey Findings—Segmental Analysis (continued)Key Findings—Competitive EnvironmentKey Questions This Study Will AnswerScope and Segmentation6 Biggest Patient Safety Adverse Events in HealthcarePatient Safety in Healthcare—OverviewPatient Safety—Key Concepts and DefinitionsPatient Safety—IntroductionPatient Safety Adverse Events Across the Care ContinuumThe Business Case for Patient Safety in HealthcarePatient Safety—What’s the Big Deal?Patient Safety—An Expensive, but Preventable EpidemicPatient Safety—Classification of Costs of Adverse EventsPatient Safety Adverse Events—Cost and Epidemiological Impact on Healthcare SystemsPatient Safety Adverse Events—Cost and Epidemiological Impact, Forecast by CountryPatient Safety Adverse Event Impact on Healthcare Systems—DiscussionStrong Case for Improving Patient SafetyPatient Safety—Dynamics Catalyzing GrowthPreventable Errors in Care Provision Aggravate Adverse EventsForces Driving the Market for Patient SafetyMarket DriversMarket RestraintsImpact Mapping of Drivers and Restraints for Patient Safety MarketPatient Safety—A Top Regulatory PriorityPatient Safety—A Top Regulatory PriorityPatient Safety—A Top Regulatory Priority (continued)Major Patient Safety Regulations and Initiatives—USPatient Safety Regulation and Initiatives—US: Recent UpdatesMajor Patient Safety Initiatives—EuropePatient Care Management SegmentPatient Care Management Segment—Description and Future FocusPatient Care Management—Impact on Healthcare Systems by CountryPatient Care Management—Average Additional Costs Per Patient Safety Adverse EventPatient Care Management—Stakeholder Focus and Degree of Control: USPatient Care Management—Stakeholder Focus and Degree of Control: EuropePatient Care Management Segment—Future Market PotentialPatient Care Management Segment—DiscussionPatient Care Management Segment—Discussion (continued)Patient Care Management Segment—Discussion (continued)Patient Care Management Segment—Discussion (continued)Health IT Management SegmentHealth IT Management Segment—Description and Future FocusHealth IT Management—Impact on Healthcare Systems by CountryHealth IT Management—Average Additional Costs Per Patient Safety Adverse EventHealth IT Management—Stakeholder Focus and Degree of Control: USHealth IT Management—Stakeholder Focus and Degree of Control: EuropeHealth IT Management Segment—Future Market PotentialHealth IT Management Segment—DiscussionHealth IT Management Segment—Discussion (continued)Health IT Management Segment—Discussion (continued)Health IT Management Segment—Discussion (continued)Health IT Management Segment—Discussion (continued)Surgical Care Management SegmentSurgical Care Management Segment—Description and Future FocusSurgical Care Management—Impact on Healthcare Systems by CountrySurgical Care Management—Average Additional Costs Per Patient Safety Adverse EventSurgical Care Management—Stakeholder Focus and Degree of Control: USSurgical Care Management—Stakeholder Focus and Degree of Control: EuropeSurgical Care Management Segment—Future Market PotentialSurgical Care Management Segment—DiscussionSurgical Care Management Segment—Discussion (continued)Surgical Care Management Segment—Discussion (continued)Surgical Care Management Segment—Discussion (continued)Environment and Workforce Management SegmentEnvironment and Workforce Management Segment—Description and Future FocusEnvironment and Workforce Management—Impact on Healthcare Systems by CountryEnvironment and Workforce Management—Average Additional Costs Per Patient Safety Adverse EventEnvironment and Workforce Management—Stakeholder Focus and Degree of Control: USEnvironment and Workforce Management—Stakeholder Focus and Degree of Control: EuropeEnvironment and Workforce Management Segment—Future Market PotentialEnvironment and Workforce Management Segment—DiscussionEnvironment and Workforce Management Segment—Discussion (continued)Environment and Workforce Management Segment—Discussion (continued)Patient Safety—Competitive EnvironmentPatient Safety—Emerging as a Strong Value PropositionPatient Safety—A Key Component of Risk and Quality Management Strategies6 Big Themes for Patient Safety Competitive Environment in HealthcarePatient Care Management Segment—Competitive LandscapePatient Care Management Segment—Key Vendor Solutions Patient Care Management Segment—Vendor LandscapePatient Care Management—Notable Solutions and Case ExamplesPatient Care Management—Notable Solutions and Case Examples (continued)Patient Care Management Segment—Market OpportunitiesHealth IT Management Segment—Competitive LandscapeHealth IT Management Segment—Key Vendor Solutions Health IT Management Segment—Vendor LandscapeNext-gen Wearables for Enhanced Safety, Care Coordination, Reduced CostsBig Data Analytics and Patient Safety Risks MitigationHealth IT Management Segment—Market OpportunitiesSurgical Care Management Segment—Competitive LandscapeSurgical Care Management Segment—Key Vendor Solutions Surgical Care Management Segment—Vendor LandscapeSurgical Care Management—Notable Solutions and Case ExamplesSurgical Care Management—Notable Solutions and Case Examples (continued)Surgical Care Management—Notable Solutions and Case Examples (continued)Surgical Care Management—Notable Solutions and Case Examples (continued)Surgical Care Management Segment—Market OpportunitiesEnvironment and Workforce Management Segment—Competitive LandscapeEnvironment and Workforce Management Segment—Key Vendor Solutions Environment and Workforce Management Segment—Vendor LandscapeEnvironment and Workforce Management Segment—Market OpportunitiesPatient Safety—Growth Opportunities and Strategies for SuccessPatient Safety in Healthcare—5 Major Growth Opportunities Patient Safety in Healthcare—Implementation Challenges and Strategies for Future SuccessThe Last WordThe Last Word—3 Big PredictionsLegal DisclaimerAppendixList of ExhibitsList of Exhibits (continued)List of Exhibits (continued)List of Exhibits (continued)The Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition—Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy

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