European Quality Management in Healthcare Market Updates

European Quality Management in Healthcare Market size was valued at USD 1034.24 Billion in 2023 and is poised to grow from USD 1086.99 Billion in 2024 to USD 1618.25 Billion by 2032, growing at a CAGR of 5.10% during the forecast period (2025-2032).

European quality management in the healthcare market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. '3M Company', 'Ansell Limited', 'Cardinal Health, Inc.', 'Medline Industries, Inc.', 'Alpha Pro Tech, Ltd.', 'DuPont de Nemours, Inc.', 'Mölnlycke Health Care AB', 'PAL International Ltd.', 'Halyard Health, Inc.', 'Medicom Group', 'Berner International GmbH', 'Thermo Fisher Scientific, Inc.', 'Lakeland Industries, Inc.', 'International Enviroguard', 'Key Surgical', 'PrionTex', 'Pidegree Industrial Co., Ltd.', 'Shoe Inn', 'Ho Cheng Enterprise Co., Ltd.', 'Shoe Cover Machine Co., Ltd.', 'In March 2022, Dragon Ambient experience (DAX) from Nuance will be integrated into Cerner's EHR platform. DAX aims to simplify administrative labour for healthcare providers through conversational AI, building on the collaboration between Nuance and Cerner that began in 2020.', 'In January 2022, Francisco Partners, a globally known investment firm specialising in partnering with technology organisations, and IBM signed a formal agreement in which Francisco Partners agreed to purchase healthcare data and analytics assets from IBM's Watson Health division.'

Government initiatives to improve patient outcomes and safety, rising unstructured information in the health care system, an aging population and the prevalence of chronic diseases, and improved health IT infrastructure are the factors responsible for the growth of the European healthcare quality management market over the forecast timeframe.

Emphasis on Value-based care: In healthcare, Europe is establishing the foundation for value-based care. European governments are currently experimenting with various approaches to sharing risks and rewards among payers, healthcare providers, and pharmaceutical or medical-device manufacturers. Furthermore, several discussions, events, and conferences on value-based care are being held in Europe to assess its feasibility, promote its benefits, develop policies, and discuss the opportunities and challenges.

The United Kingdom is leading the European quality management market in healthcare with the largest share during the forecast period, followed by Germany and France. The region's large share is primarily due to the increasing need to reduce rising healthcare costs while also improving patient outcomes, stringent legislative and accreditation requirements for healthcare quality reporting, the change from fee-for-service to value-based care, increasing patient volume of data, and greater awareness and adoption of healthcare IT technologies.