REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 5.43 billion | 14.10% | North America |
By Software Systems | By Services | By Mode of Delivery |
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SCOPE OF THE REPORT
Medication Management Market Overview
The global medication management market is expected to grow at 14.10% CAGR from 2022 to 2029. It is expected to reach above 5.43 USD billion by 2029 from 1.68 USD billion in 2020.
Medication management is a method that ensures the patient understands the purpose of the prescriptions and takes them correctly and on time. It also focuses on optimising pharmaceutical use for the patient’s condition. Medication reconciliation, medication therapy management, patient/family education on drugs, and medication set-up simulations for the patient, are examples of interventions. These systems are made up of several IT-based services provided by pharmacies or hospitals and are designed to provide the correct dose of medicine to the correct individual at the correct time. It also aids in the management of clinical data.
Medication management technology helps in the optimization of individual pharmacological therapy in order to improve therapeutic outcomes for patients. This technology has the potential to minimize both prescription errors and total healthcare costs, and it is likely to have far-reaching ramifications for both healthcare practitioners and patients. Increased government funding and an ageing population will support the global expansion of this sector.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Million) |
Segmentation | By Software Systems, By Services, By Mode of Delivery, By Region |
By Software Systems
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By Services
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By Mode of Delivery
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By Region
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Furthermore, major reasons such as an aging population, the need to reduce healthcare expenditures, and improved healthcare management are likely to drive market expansion. Several government measures, including the deployment of healthcare Information Technology (IT) money, have increased the global adoption rate of drug management systems. Due to the growing concern about minimizing adverse drug events and related prescription errors, healthcare professionals are increasingly adopting medication management solutions. This is one of the primary reasons driving the market’s growth over the forecast period. Government measures to improve patient care and cut healthcare costs are also predicted to promote market expansion in the future years.
However, high software implementation and service maintenance costs of advanced systems hinder the market’s growth to some extent. Another factor limiting the growth of the medication management system market is a lack of awareness regarding medication management systems in developing nations. Slow adoption of software and services in the healthcare sector is a challenge for the market’s future growth.
The COVID-19 pandemic spread throughout the world and that disrupted the supply chain globally. Due to lockdown, the production process of all industries was halted, closed or diverted towards recovering the covid patients and that resulted in significant impact on the medication management market. As a result, there was a little decrease in medical robot manufacturing and supply in 2020. Now the world markets have opened-up, they are focusing on developing advanced medical technology and healthcare IT and is expected to gain potential growth in the medication management market.
Medication Management Market Segment Analysis
The global medication management’ market is segmented by software systems, services, mode of delivery, and region.
Based on the software systems segment, the medication management market includes CPOE, CDSS, Automated Dispensing, Assurance Systems. The Clinical Decision Support System Solutions segment is expected to account for a significant market share. CDS is made up of numerous instruments that aid in clinical workflow decision-making. These tools include, among other things, electronic alerts and reminders to caregivers and patients, clinical recommendations, focused patient data reports and summaries, diagnostic support, and documentation templates.
The medication management market can be classified based on the services, that is, Medication Analytics, POC Verification, ADE Surveillance. Medication Management Services consists of Expert pharmacists who are available to examine your prescriptions to see if they are optimal for your care, identify any present or potential medication conflict issues, and work with you and your physician to address them to give you the best possible care and health outcomes. Medication analytics services are predicted to command a large market share and to be the fastest-growing segment of the medication management industry in the coming years. The greatest market share was accounted for by major factors such as the increased need for innovative healthcare systems and drug analytical services. Demand for ADEÂ monitoring services is also expected to rise significantly during the foreseeable period.
Based on the mode of delivery segment, the medication management market includes On-Premises, Web-Based, Cloud-Based. The medication management system industry was led by cloud-based solutions. A number of players are working on cloud-based deployment options to make it easier to share information with clients and other stakeholders. The ease of access to information in remote locations provided by such systems is anticipated to be a key element driving demand for commercially available cloud solutions.
Medication Management Market Players
The global medication management’ market key players include Intuitive Surgical, Stryker Corporation, Omnicell, BD Rowa, ARxIUM, Hocoma AG, Houston Medical Robotics, Hansen Medical, Kerby Lester, Varian Medical Systems, Otto bock Healthcare, Kinova Robotics, Smith & Nephew, and others.
Various businesses are focusing on organic growth tactics such as new launches, product approvals, and other things like patents and events. Mergers & Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the market. These initiatives such as developing new products and upgrading others have paved the road for market participants to expand their business. These market players in the medication management market are expected to benefit from attractive growth prospects in the future.
Who Should Buy? Or Key stakeholders
- Government and research organization
- Investors
- Trade Associations
- Pharmaceutical Industry
- IT sector
- Scientific research organization
- Healthcare Industry
Medication Management Market Regional Analysis
The medication management market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
North America has a dominating share in the global medication management market due to rapid technology advancements. Followed by Europe, as it has increased government financing and budget allocations for the healthcare sector, as well as increased usage of healthcare IT, and Asia Pacific, owing to rising medical facilities.
Key Market Segments: Medication Management Market
Medication Management Market by Software Systems, 2020-2029, (USD Million)
- CPOE
- CDSS
- Automated Dispensing
- Assurance Systems
Medication Management Market by Services, 2020-2029, (USD Million)
- Medication Analytics
- POC Verification
- ADE Surveillance
Medication Management Market by Mode of Delivery, 2020-2029, (USD Million)
- On-Premises
- Web-Based
- Cloud-Based
Medication Management Market by Region, 2020-2029, (USD Million)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries in All Regions Are Covered
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Medication Management Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Medication Management Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Medication Management Market Outlook
- Global Medication Management Market by Software Systems (USD Million)
- CPOE
- CDSS
- Automated Dispensing
- Assurance Systems
- Global Medication Management Market by Services (USD Million)
- Medication Analytics
- POC Verification
- ADE Surveillance
- Global Medication Management Market by Mode of Delivery (USD Million)
- On-Premises
- Web-Based
- Cloud-Based
- Global Medication Management Market by Region
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Carefusion Corporation
- Mckesson Corporation
- Allscripts Healthcare Solutions, Inc.
- Cerner Corporation
- Siemens Healthcare
- Medical Information Technology, Inc.
- Omnicell, Inc.
- Optum Inc.
- Quadramed Affinity Corporation *The Company List Is Indicative
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICATION MANAGEMENT MARKET BY SERVICES (USD MILLIONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY (USD MILLIONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY SOFTWARE SYSTEMS, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY SERVICES, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY MODE OF DELIVERY, USD MILLION, 2020-2029
FIGURE 11Â Â Â Â Â GLOBAL MEDICATION MANAGEMENT MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â NORTH AMERICA MEDICATION MANAGEMENT MARKET SNAPSHOT
FIGURE 14Â Â Â Â Â Â Â Â Â Â EUROPE MEDICATION MANAGEMENT MARKET SNAPSHOT
FIGURE 15Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC MEDICATION MANAGEMENT MARKET SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA MEDICATION MANAGEMENT MARKET SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA MEDICATION MANAGEMENT MARKET SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â CAREFUSION CORPORATION: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â MCKESSON CORPORATION: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â CERNER CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â SIEMENS HEALTHCARE: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â MEDICAL INFORMATION TECHNOLOGY, INC.: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â OMNICELL, INC.: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â OPTUM INC.: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â QUADRAMED AFFINITY CORPORATION: COMPANY SNAPSHOT
FAQ
The Medication Management market size has crossed USD 1.68 billion in 2020 and will observe a CAGR of more than 14.10% up to 2029 driven by the rising healthcare IT and improved healthcare management.
North America accounted for a 43% share of the medication management market in 2020 and is expected to maintain its dominance during the forecast period.
Aging population, the need to reduce healthcare expenditures, and improved healthcare management are likely to drive market expansion. High software implementation and service maintenance costs of advanced systems hinder the market’s growth to some extent. Slow adoption of software and services in the healthcare sector is a challenge for the market’s future growth. Due to growing concern about minimizing adverse drug events and related prescription errors, healthcare professionals are increasingly adopting medication management solutions.
High awareness of new technologies, a dearth of primary care physicians, and the existence of a significant number of small and medium-sized competitors in the North American region. North America accounted for a large share of the medication management market in 2020 and is expected to maintain its dominance during the forecast period.
Due to improved infrastructure and healthcare facilities, a huge patient pool, an increase in healthcare expenditure, and an increase in the number of hospitals in the region, Asia-Pacific is expected to have the highest CAGR in coming years.
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