Medication Management Market: By System (Computerized Physician Order Entry, Clinical Decision Support System, Administration Software Inventory Management, Automated Dispensing Systems (ADS) and Assurance System Software), By Service (Medication Analytics and Point -of -Care Verification), By Delivery Mode (Cloud – Based, Web - Based and On-Premise), By End User (Hospitals, Pharmacy and Others), and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa) 

 

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

Medication Management Market size is accounted for USD 5,389.8 Million in 2021 and is poised to grow at a significant CAGR of 16.6% over 2022 to 2028. The growing demand of mHealth technologies is driving the growth of the medication management market. Mobile health (mHealth) uses mobile technologies to assist healthcare professionals in providing efficient and adequate patient care. The growing burden of chronic diseases, rising geriatric population, supportive healthcare regulatory norms and increasing healthcare cost are increasing the acceptance of mHealth technologies. Additionally, the high penetration of mobile devices has fuelled the adoption of mHealth technologies. The rising number of prescriptions adds to pharmacists' workload, and the growing number of hospitals investing in new software to improve healthcare process management and reduce medication errors will accelerate the use of automated workflow management systems. Furthermore, the significant increase in the number of prescriptions written around the world is predicted to increase the use of medication management software in healthcare facilities. In January 2018, In order to better oncology and critical care treatment, GE and Roche formed a partnership to build an integrated digital diagnostics platform. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

 

Key Market Developments:

  In February 2022, McKesson has received approval from The Centers for Medicare & Medicaid Services (CMS) to participate in the Merit-based Incentive Payment System (MIPS) as a Qualified Clinical Data Registry (QCDR). In August 2021, GF healthcare collabarated with Amazon Web Services (AWS) to deliver AI and cloud based imaging solutions, integrated data, and clinical and operational insights to hospitals and providers,

Medication Management Market Summary

Study Period

2023-29

Base Year

2022

CAGR

16.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Medication Management Market

Medication management systems are being used by healthcare organizations due to process improvements in terms of quality and productivity. When it comes to critical aspects like regulatory and compliance information, patient analysis, account balances, supplier costs, and valuation analysis, the usage of medication management systems makes it much easier to manage information. Retail pharmacies are beginning to see the value of medication management systems in streamlining operations and increasing efficiency. Through the growth of IT infrastructure, these solutions enable optimization, decreasing patient waiting times and operational expenses while also cutting profit margins. However, the market's growth is being hampered by a lack of understanding regarding prescription management systems, as well as privacy and security concerns.

Key Features of the Reports

  • The medication management market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The medication management market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The medication management market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The medication management market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The medication management market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Medication Management Market Segmentation

System
  • Computerized Physician Order Entry
  • Clinical Decision Support System
  • Administration Software Inventory Management
  • Automated Dispensing Systems (ADS)
  • Assurance System Software
Service
  • Medication Analytics
  • Point -of -Care Verification
Delivery Mode
  • Cloud – Based
  • Web – Based
  • On-Premise
End User
  • Hospitals
  • Pharmacy
  • Others

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  1. Executive Summary
  2. Global Medication Management Market Introduction
    • Global Medication Management Market – Taxonomy
    • Global Medication Management Market –Definitions
      • System
      • Service
      • Delivery Mode
      • End User
  1. Global Medication Management Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medication Management Market Dynamic Factors - Impact Analysis
    • Global Medication Management Market – Competition Landscape
  2. Global Medication Management Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026
    • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Medication Management Market, By System, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Computerized Physician Order Entry
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinical Decision Support System
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Administration Software Inventory Management
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automated Dispensing Systems (ADS)
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Assurance System Software
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medication Management Market Forecast, By Service, 2015 - 2019 and Forecast, 2020 - 2026
    • Medication Analytics
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Point of Care Verification
        • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • ADE Surveillance
          • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Medication Management Market Forecast, By Delivery Mode, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Cloud Based
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Web Based
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • On Premise
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medication Management Market Forecast, By End User, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmacy
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medication Management Market Forecast, By Region, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medication Management Market - Opportunity Analysis Index, By System, Service, Delivery Mode, End User, and Region, 2020 - 2026
  2. North America Medication Management Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • System Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Computerized Physician Order Entry
      • Clinical Decision Support System
      • Administration Software Inventory Management
      • Automated Dispensing Systems (ADS)
      • Assurance System Software
    • Service Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Medication Analytics
      • Point of Care Verification
      • ADE Surveillance
    • Delivery Mode Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Based
      • Web Based
      • On Premise
    • End User Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Pharmacy
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Medication Management Market - Opportunity Analysis Index, By System, Service, Delivery Mode, End User, and Country, 2020 - 2026
    • North America Medication Management Market Dynamics – Trends
  3. Europe Medication Management Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • System Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Computerized Physician Order Entry
      • Clinical Decision Support System
      • Administration Software Inventory Management
      • Automated Dispensing Systems (ADS)
      • Assurance System Software
    • Service Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Medication Analytics
      • Point of Care Verification
      • ADE Surveillance
    • Delivery Mode Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Based
      • Web Based
      • On Premise
    • End User Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Pharmacy
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • France
      • Germany
      • UK
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Medication Management Market - Opportunity Analysis Index, By System, Service, Delivery Mode, End User, and Country, 2020 - 2026
    • Europe Medication Management Market Dynamics – Trends
  4. Asia-Pacific Medication Management Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • System Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Computerized Physician Order Entry
      • Clinical Decision Support System
      • Administration Software Inventory Management
      • Automated Dispensing Systems (ADS)
      • Assurance System Software
    • Service Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Medication Analytics
      • Point of Care Verification
      • ADE Surveillance
    • Delivery Mode Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Based
      • Web Based
      • On Premise
    • End User Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Pharmacy
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • Australia & New Zealand
      • India
      • Philippines
      • Rest of Asia-Pacific
    • Asia-Pacific Medication Management Market - Opportunity Analysis Index, By System, Service, Delivery Mode, End User, and Country, 2020 - 2026
    • Asia-Pacific Medication Management Market Dynamics – Trends
  5. Latin America Medication Management Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • System Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Computerized Physician Order Entry
      • Clinical Decision Support System
      • Administration Software Inventory Management
      • Automated Dispensing Systems (ADS)
      • Assurance System Software
    • Service Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Medication Analytics
      • Point of Care Verification
      • ADE Surveillance
    • Delivery Mode Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Based
      • Web Based
      • On Premise
    • End User Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Pharmacy
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Medication Management Market - Opportunity Analysis Index, By System, Service, Delivery Mode, End User, and Country, 2020 - 2026
    • Latin America Medication Management Market Dynamics – Trends
  6. Middle East and Africa Medication Management Market Analysis, 2015 - 2019 and Forecast, 2020 - 2026 (Revenue, USD Mn)
    • System Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Computerized Physician Order Entry
      • Clinical Decision Support System
      • Administration Software Inventory Management
      • Automated Dispensing Systems (ADS)
      • Assurance System Software
    • Service Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Medication Analytics
      • Point of Care Verification
      • ADE Surveillance
    • Delivery Mode Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud Based
      • Web Based
      • On Premise
    • End User Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Pharmacy
      • Others
    • Country Analysis 2015 - 2019 and Forecast 2020 - 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Turkey
      • GCC
      • Egypt
      • Rome
    • MEA Medication Management Market - Opportunity Analysis Index, By System, Service, Delivery Mode, End User, and Country, 2020 - 2026
    • MEA Medication Management Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, System & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Siemens Healthcare (Germany)
      • CareFusion Corporation
      • Braun Melsungen AG
      • Mindray Medical International Limited.
      • Koninklijke Philips N.V.
      • Omnicell, Inc .
      • Hospira (Pfizer)
      • McKesson Corporation
      • GE Healthcare
      • Allscripts Healthcare
      • Cerner Corporation
      • Epic Systems Corporation
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Allscripts
  • BD
  • B-soft Co.,ltd
  • Cerner Corporation
  • DHC Software Co., Ltd.
  • GE Healthcare
  • Hangzhou Century Co., Ltd
  • Heren Health Co., Ltd
  • McKesson
  • Omnicell
  • Sichuan Jiuyuan Yinhai Software Co.,ltd.
  • Winning Health Technology Group Co., Ltd.