- Computerized Physician Order Entry
- Clinical Decision Support System
- Administration Software Inventory Management
- Automated Dispensing Systems (ADS)
- Assurance System Software
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).
Fastest Growing 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.
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.