Medication Management MarketOverview:
In a recentresearch report by Market Research Community, the medication management market
is expected to surpass USD 6.5 Billion by the year 2030, from USD 2.4 Billion
in 2021.
Medicationmanagement is a process that evaluates and analyzes the results of prescribed
medications with the planned therapeutic outcome. The medication management
processes include tasks such as evaluating safety concerns, reduction of
adverse drug events, and patient and medical professional training to improve
healthcare operations.
Top KeyPlayers of the Medication Management Market:
Allscripts, Becton, Dickinson, and Company (CareFusion), SiemensHealthcare Private Limited, GE Healthcare, Talyst, LLC., McKesson Corporation,
Cerner Corporation, QuadraMed Affinity Corporation, Omnicell, Inc., Cardinal
Health.
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Types Covered in This Report Are:
Computerized Physician Order Entry, ClinicalDecision Support System, Administration Software (Electronic Medication
Administration Record (EMAR) And Barcode Medication Administration (BMA)),
Inventory Management, Automated Dispensing Systems (ADS) [Centralized(Robots,
Carousels), Decentralized Automated Dispensing Systems (Pharmacies-based ADS,
Ward-based ADS, Automated Unit-Dose Dispensing)], Assurance System Software
On the Basis of Services:
MedicationAnalytics
Point-of-Care Verification
ADE Surveillance
By End User:
Hospitals
Pharmacies
Others
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France,U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan,India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina,Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey,Israel, Rest of MEA)
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The web-basedmedication management segment is anticipated to witness substantial growth during the estimated period.The factors such as easy access to patient records, early detection of errors,
and low-cost maintenance of databases are expected to support the growth of the
web-based segment.
The market is projected to grow at asignificant pace reaching a CAGR of approximately 11.5%, over the forecast
period of 2022–2030, despite a considerable fall in product sales during the
initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is categorized into major segments and further into sub-segments,such as by product type (computerized physician order entry, clinical decisionsupport system, administration software (Electronic Medication Administration
Record (EMAR) And Barcode Medication Administration (BMA)), inventory
management, automated dispensing systems (ADS) [centralized(robots, carousels),
decentralized automated dispensing systems (pharmacies-based ADS, ward-based
ADS, automated unit-dose dispensing)], assurance system software), by services (medication analytics,point-of-care verification, and ADE surveillance), by mode ofdelivery (on-premises,web-based, and cloud-based), by end-use (hospitals,pharmacies, and others), to forecast the market size by value; also includes the analysis ofpast market dynamics from 2016 – 2021, considering 2021 as the base year.
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The research provides answers to thefollowing key questions:
- · What is theexpected growth rate of the MedicationManagement Market? What will be the market size for the forecast period,2022 - 2030?
- · What are themajor driving forces responsible for transforming the trajectory of the
industry? - · Who are majorvendors dominating the MedicationManagement industry across different regions? What are their winningstrategies to stay ahead in the competition?
- · What are themarket trends business owners can rely upon in the coming years?
· What are thethreats and challenges expected to restrict the progress of the industry across
different countries?
· What are the keyopportunities that business owners can bank on for the forecast period, 2022 -
2030?
