Global Medication Management Market: Market Segments: By Software Type (CPOE, CDSS, Medication Administration Software, Inventory Management, ADS, and Others); By Service (Medication Analytics Services, ADE Surveillance Services, and Point-Of-Care Verification Services); By Mode of Delivery (Web-Based, Cloud-Based and On-Premises); By End User (Hospitals, Pharmacy, and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Medication tracking enables medications to be electronically monitored and validated for prescription, administration and supply. An integrated method known as drug management is designed to control and sustain the medicine management cycle. The drug control method for the prescription, delivery and distribution of medications is used in hospitals. The use of the framework for drug control helps to reduce the error rates in the administration of medicines.
Global Medication Management Market is expected to project a notable CAGR of XX.X% in 2030.
Global Medication Management Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The rise in the incidence of illnesses is the main factor driving the drug management market. The use of drugs has increased this rise in illnesses, which in turn has increased the rate of drug prescriptions.
Global Medication Management Market: Segments
CPOE Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Medication Management Market is segmented by software type into computerized physician order entry (CPOE), clinical decision support system (CDSS), inventory management, administration software, automated dispensing system (ADS), and others. The greater market share in 2019 was accounted for by the CDSS segment owing to the growth of the clinical decision support system solutions segment are the increasing need to minimize human errors, increasing demand to minimize healthcare spending, need for improvement in the standard of treatment, the chronic disease population, and greater adoption rate in emerging economies.
Global Medication Management Market: Market Dynamics
Rising Number of Clinical Trials
Increased population ageing, increased demand for mHealth technology, increased prevalence of chronic diseases, increased spending on health care, and initiatives by government associations to improve regulatory standards are some of the factors driving the growth of the market for medication management.
High Implementation Costs
When left untreated and responsible for the leading causes of death worldwide, chronic conditions such as diabetes can have life-threatening effects for the cardiovascular, renal and nervous systems.
Global Medication Management Market: Regions
Global Medication Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Medication Management Market in North America held the largest market share of XX.X% in the year 2018 due to the robust implementation of healthcare IT, technological development, an increase in the incidence of infectious and chronic diseases, and an increase in the number of prescriptions in the area are main factors responsible for the dominance of the area. Also, the European market is rising considerably. The increase in healthcare practices in this region is the factor that characterizes this development. China and India are countries in the Asia-Pacific region that contribute significantly to market growth due to factors such as rising rates of infectious diseases, rapid development in the healthcare sector, large populations, and increased knowledge among people.
Global Medication Management Market: Key Players
• A-S Medication Solutions
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Becton, Dickinson and Company
• Cerner Corporation
• GE Healthcare (GE Company)
• McKesson Corporation
• Omnicell, Inc.
• Talyst, LLC
Global Medication Management Market report also contains analysis on:
Global Medication Management Market Segments:
By Software Type:
• Medication Administration Software
• Inventory Management
• Medication Analytics Services
• ADE Surveillance Services
• Point-Of-Care Verification Services
By Mode of Delivery:
By End User:
• Global Medication Management Market Dynamics
• Global Medication Management Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints