The healthcare quality management market has witnessed a healthy growth rate during the last decade and is expected to grow at a CAGR of 14.2% between 2017 and 2022 to reach USD 3.31 Billion by 2022. The growth in this market is mainly attributed to factors such as government mandates for healthcare providers to report quality & improve the performance of care provided, increase in the volume of unstructured data in the healthcare industry, and need to curtail healthcare costs & medical errors in healthcare facilities like hi-tech Healthcare software across the globe.
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