PUBLISHER: IMARC | PRODUCT CODE: 1451714
PUBLISHER: IMARC | PRODUCT CODE: 1451714
Medication Management Market Report by Software, Services (Medication Analytics Services, Point-Of-Care Verification Services, Adverse Drug Event Surveillance Services), Mode of Delivery, End User, and Region 2024-2032
The global medication management market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.51% during 2024-2032.
Medical management includes monitoring, medication reconciliation, and ensuring that patients achieve their desired results by designing treatment plans and supervising their safety and effectiveness. As part of the process, patients and their caregivers are educated and engaged about safety and adherence concerns about medications as well as adverse drug events. A medication management system, which is included in healthcare reform, enhances inventory management, dispensing of medicines, and the control of adverse drug events (ADE). Additionally, it suggests reminder and organization tools that are most comfortable for patients, leading to a significant improvement in both patient outcomes and safety. Utilizing medication management services correctly reduces the prevalence of disease and mortality rates, thereby making healthcare safer and more reliable.
Medication Management Market Trends:
The market is majorly driven by a considerable rise in investments by healthcare facilities to improve workflow and operational efficiency. This can be attributed to the escalating need to minimize medication errors and healthcare expenditures. In addition to this, the increased workload on healthcare providers for efficient management and preservation of the records is providing an impetus to the market. Moreover, the growing trend of automating workflow management solutions through the use of new technologies in the healthcare sector is resulting in a higher uptake of medication management solutions. The market is further propelled by the increasing geriatric population that is susceptible to numerous health conditions. Apart from this, an enhanced focus on value-based medicine is creating lucrative market opportunities for the key players. Some of the other factors contributing to the market include the growing prevalence of numerous chronic illnesses, rapid advancements in medical technology, significant player mergers and acquisitions (M&As), rising healthcare expenditure and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medication management market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on software, services, mode of delivery and end user.
Breakup by Software:
Computerized Physician Order Entry System
Clinical Decision Support System
Administration Software
Electronic Medication Administration Record (EMAR) Software
Barcode Medication Administration (BMA) Software
Inventory Management System
Automated Dispensing Systems
Centralized Automated Dispensing Systems
Robots/Robotic Automated Dispensing Systems
Carousels
Decentralized Automated Dispensing Systems (Ads)
Pharmacy-Based Decentralized Automated Dispensing Systems
Ward-Based Decentralized Automated Dispensing Systems
Automated Unit-Dose Decentralized Automated Dispensing Systems
Assurance System
Breakup by Services:
Medication Analytics Services
Point-Of-Care Verification Services
Adverse Drug Event (ADE) Surveillance Services
Breakup by Mode of Delivery:
Web-based
Cloud-based
On-premises
Breakup by End User:
Pharmacies
Hospitals
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allscripts Healthcare Solutions Inc., ARxIUM Inc., Becton Dickinson and Company, BIQ Health Solutions, Cardinal Health Inc., Mckesson Corporation, Omnicell Inc., Optum Inc. (UnitedHealth Group Incorporated), Oracle Corporation and Talyst LLC (Swisslog Healthcare). Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global medication management market in 2023?
- 2. What is the expected growth rate of the global medication management market during 2024-2032?
- 3. What are the key factors driving the global medication management market?
- 4. What has been the impact of COVID-19 on the global medication management market?
- 5. What is the breakup of the global medication management market based on the software?
- 6. What is the breakup of the global medication management market based on the services?
- 7. What is the breakup of the global medication management market based on the end user?
- 8. What are the key regions in the global medication management market?
- 9. Who are the key players/companies in the global medication management market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Medication Management Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Software
- 6.1 Computerized Physician Order Entry System
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Clinical Decision Support System
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Administration Software
- 6.3.1 Market Trends
- 6.3.2 key Segments
- 6.3.2.1 Electronic Medication Administration Record (EMAR) Software
- 6.3.2.2 Barcode Medication Administration (BMA) Software
- 6.3.3 Market Forecast
- 6.4 Inventory Management System
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Automated Dispensing Systems
- 6.5.1 Market Trends
- 6.5.2 key Segments
- 6.5.2.1 Centralized Automated Dispensing Systems
- 6.5.2.1.1 Robots/Robotic Automated Dispensing Systems
- 6.5.2.1.2 Carousels
- 6.5.2.2 Decentralized Automated Dispensing Systems (Ads)
- 6.5.2.2.1 Pharmacy-Based Decentralized Automated Dispensing Systems
- 6.5.2.2.2 Ward-Based Decentralized Automated Dispensing Systems
- 6.5.2.2.3 Automated Unit-Dose Decentralized Automated Dispensing Systems
- 6.5.2.1 Centralized Automated Dispensing Systems
- 6.5.3 Market Forecast
- 6.6 Assurance System
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Services
- 7.1 Medication Analytics Services
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Point-Of-Care Verification Services
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Adverse Drug Event (ADE) Surveillance Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Mode of Delivery
- 8.1 Web-based
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cloud-based
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 On-premises
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by End User
- 9.1 Pharmacies
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Hospitals
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Allscripts Healthcare Solutions Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 ARxIUM Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Becton Dickinson and Company
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 BIQ Health Solutions
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Cardinal Health Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Mckesson Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Omnicell Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Optum Inc. (UnitedHealth Group Incorporated)
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Oracle Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Talyst LLC (Swisslog Healthcare)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.1 Allscripts Healthcare Solutions Inc.
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Medication Management Market: Major Drivers and Challenges
- Figure 2: Global: Medication Management Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Medication Management Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Medication Management Market: Breakup by Software (in %), 2023
- Figure 5: Global: Medication Management Market: Breakup by Services (in %), 2023
- Figure 6: Global: Medication Management Market: Breakup by Mode of Delivery (in %), 2023
- Figure 7: Global: Medication Management Market: Breakup by End User (in %), 2023
- Figure 8: Global: Medication Management Market: Breakup by Region (in %), 2023
- Figure 9: Global: Medication Management (Computerized Physician Order Entry System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Medication Management (Computerized Physician Order Entry System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Medication Management (Clinical Decision Support System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Medication Management (Clinical Decision Support System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Medication Management (Administration Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Medication Management (Administration Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Medication Management (Inventory Management System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Medication Management (Inventory Management System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Medication Management (Automated Dispensing Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Medication Management (Automated Dispensing Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Medication Management (Assurance System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Medication Management (Assurance System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Medication Management (Medication Analytics Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Medication Management (Medication Analytics Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Medication Management (Point-Of-Care Verification Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Medication Management (Point-Of-Care Verification Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Medication Management (Adverse Drug Event (ADE) Surveillance Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Medication Management (Adverse Drug Event (ADE) Surveillance Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Medication Management (Web-based) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Medication Management (Web-based) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Medication Management (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Medication Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Medication Management (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Medication Management (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Medication Management (Pharmacies) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Medication Management (Pharmacies) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Medication Management (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Medication Management (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: Medication Management (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: Medication Management (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: North America: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: North America: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: United States: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: United States: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Canada: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Canada: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Asia-Pacific: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Asia-Pacific: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: China: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: China: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Japan: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Japan: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: India: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: India: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: South Korea: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: South Korea: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Australia: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Australia: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Indonesia: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Indonesia: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Europe: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Europe: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Germany: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Germany: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: France: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: France: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: United Kingdom: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: United Kingdom: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Italy: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Italy: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Spain: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Spain: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Russia: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Russia: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Others: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Others: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Latin America: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Latin America: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Brazil: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Brazil: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Mexico: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Mexico: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Others: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Others: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Middle East and Africa: Medication Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 86: Middle East and Africa: Medication Management Market: Breakup by Country (in %), 2023
- Figure 87: Middle East and Africa: Medication Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Global: Medication Management Industry: SWOT Analysis
- Figure 89: Global: Medication Management Industry: Value Chain Analysis
- Figure 90: Global: Medication Management Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Medication Management Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Medication Management Market Forecast: Breakup by Software (in Million US$), 2024-2032
- Table 3: Global: Medication Management Market Forecast: Breakup by Services (in Million US$), 2024-2032
- Table 4: Global: Medication Management Market Forecast: Breakup by Mode of Delivery (in Million US$), 2024-2032
- Table 5: Global: Medication Management Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 6: Global: Medication Management Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Medication Management Market: Competitive Structure
- Table 8: Global: Medication Management Market: Key Players
