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Medication Management Market by Software (Computerized Physician Order Entry System, Clinical Decision Support System, Administration Software, Inventory Management System, Automated Dispensing Systems, Assurance System), Services (Medication Analytics Services, Point-Of-Care Verification Services, Adverse Drug Event (ADE) Surveillance Services), Mode of Delivery (Web-based, Cloud-based, On-premises), End User (Pharmacies, Hospitals and Others) and Region 2023-2028

January 2023 | 145 pages | ID: MD36B6F864C6EN
IMARC Group

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The global medication management market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.60% during 2023-2028.

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 2023-2028. 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 2022?
2. What is the expected growth rate of the global medication management market during 2023-2028?
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?
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
  6.5.3 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
10.2 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
10.3 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
10.4 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
10.5 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
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

LIST OF TABLES

Table 1: Global: Medication Management Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Medication Management Market Forecast: Breakup by Software (in Million US$), 2023-2028
Table 3: Global: Medication Management Market Forecast: Breakup by Services (in Million US$), 2023-2028
Table 4: Global: Medication Management Market Forecast: Breakup by Mode of Delivery (in Million US$), 2023-2028
Table 5: Global: Medication Management Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Medication Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Medication Management Market: Competitive Structure
Table 8: Global: Medication Management Market: Key Players

LIST OF FIGURES

Figure 1: Global: Medication Management Market: Major Drivers and Challenges
Figure 2: Global: Medication Management Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Medication Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Medication Management Market: Breakup by Software (in %), 2022
Figure 5: Global: Medication Management Market: Breakup by Services (in %), 2022
Figure 6: Global: Medication Management Market: Breakup by Mode of Delivery (in %), 2022
Figure 7: Global: Medication Management Market: Breakup by End User (in %), 2022
Figure 8: Global: Medication Management Market: Breakup by Region (in %), 2022
Figure 9: Global: Medication Management (Computerized Physician Order Entry System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Medication Management (Computerized Physician Order Entry System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Medication Management (Clinical Decision Support System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Medication Management (Clinical Decision Support System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Medication Management (Administration Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Medication Management (Administration Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Medication Management (Inventory Management System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Medication Management (Inventory Management System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Medication Management (Automated Dispensing Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Medication Management (Automated Dispensing Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Medication Management (Assurance System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Medication Management (Assurance System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Medication Management (Medication Analytics Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Medication Management (Medication Analytics Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Medication Management (Point-Of-Care Verification Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Medication Management (Point-Of-Care Verification Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Medication Management (Adverse Drug Event (ADE) Surveillance Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Medication Management (Adverse Drug Event (ADE) Surveillance Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Medication Management (Web-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Medication Management (Web-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Medication Management (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Medication Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Medication Management (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Medication Management (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Medication Management (Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Medication Management (Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Medication Management (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Medication Management (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Medication Management (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Medication Management (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Medication Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Medication Management Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Medication Management Market Forecast: Sales Value (in Million US$), 2023-2028
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


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