Medication Management Market Overview
Maximize Market Research delivers an exhaustive portrayal of Medication Management Market, aiming to present a holistic view of the market's present state, thereby facilitating a nuanced understanding of its intricacies. The research document encompasses meticulously projected statistics, noteworthy advancements, and detailed insights into revenue trends within the Medication Management domain.
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Market Growth Estimate:
Medication Management Market size was valued at US$ 3.48 Bn. in 2022 and the total Medication Management revenue is expected to grow at 19.5% through 2023 to 2029, reaching nearly US$ 12.14 Bn.
Medication Management Market Dynamics
Healthcare organisations place a significant priority on better medication management.
Improving patient care is the main motivation for a healthcare organisation to concentrate on upgrading its drug management system. In addition to helping patients take their prescriptions as prescribed, a first-rate medication management programme may help patients get the right meds for the right reasons at the right times. The likelihood of a successful outcome increases when all of these steps are followed, as the probability of adverse drug events (ADEs) or other medication-related issues is decreased. The potential for large financial gains from bolstering a system is another reason why healthcare facilities should give drug management a priority.
It is anticipated that the rapidly rising global prescription rate will lead to an even bigger demand for drug management systems in healthcare settings.
The need for automated solutions in healthcare facilities is driven by the growing difficulties faced by healthcare professionals in managing clinical operations efficiently, streamlining workflow, and lowering healthcare costs. The swift growth in prescriptions has increased healthcare professionals' obligations to appropriately oversee patients' prescriptions and minimise medication errors. Therefore, one important element propelling the market expansion is an increase in the number of prescriptions. The adoption of IT solutions in healthcare facilities will also be aided by a shortage of healthcare workers, including chemists.
Medication Management Market Segmentation
by Product
• Computerized Physician Order Entry
• Clinical Decision Support System Solutions
• Electronic Medication Administration Record
• Inventory Management Solutions
• Other Product Types
By Product Type, the Computerised Provider Order Entry (CPOE) segment describes how doctors enter and send treatment orders using a computer programme instead of paper, fax, or phone. Examples of these instructions include prescriptions for medication, lab, and radiology services. Doctors may use this technology to order medications, tests, consultations, and other medical goods and services online rather than writing prescriptions by hand. When a clinical decision support system is combined with a CPOE module, medication error rates can be decreased by as much as 86%.
by Mode of Delivery
• Web-based
• Cloud-based
• On-premise
In 2022, the cloud-based solution category represented 53.2% of the medication management market by mode of delivery. Many companies are developing cloud-based deployment solutions to make it easier for stakeholders and clients to share information. Demand for commercially available cloud solutions is expected to be significantly driven by the ability to access information in faraway locations. In addition, the market is anticipated to grow in the next years due to the emphasis on patient data privacy and the adoption of relevant policies.
by End User
• Pharmacies
• Hospitals
• Others
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Regional Analysis
The research has been done on each regional Medication Management market to determine its current and future growth prospects. The Medication Management market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Medication Management report.
Medication Management Market Key Players
• Talyst
• Hospira, Inc.
• Baxter International, Inc.
• B.Braun Melsungen AG
• Meditech
• Omnicell, Inc.
• Quadramed Corporation
• Optum Inc.
• Cerner Corporation
• Mckesson Corporation
• Siemens Healthcare (Subsidiary Of Siemens Ag)
• GE Healthcare
• Carefusion Corporation
• Allscripts Healthcare Solutions, Inc.
• Medical Information Technology, Inc.
• Epic Systems Corporation
• Becton Dickinson and Company
• ARxIUM, BD
• Medication Management Systems Inc.
• BIQHS
• Wiegand AG
• NEXUS AG
• Genoa
• Cardinal Health
Table of content for the Medication Management Market includes:
Part 01: Executive Summary
Part 02: Scope of the Medication Management Market Report
Part 03: Medication Management Market Landscape
Part 04: Medication Management Market Sizing
Part 05: Medication Management Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Questions Addressed in This Report:
- How has the Medication Management market performed so far and how will it perform in the coming years?
- What is the market segmentation of the global Medication Management market?
- What is the regional breakup of the global Medication Management market?
- What are the price trends of various feedstocks in the Medication Management industry?
- What is the structure of the Medication Management industry and who are the key players?
- What are the various unit operations involved in a Medication Management processing plant?
- What is the total size of land required for setting up a Medication Management processing plant?
- What is the layout of a Medication Management processing plant?
- What are the machinery requirements for setting up a Medication Management processing plant?
- What are the raw material requirements for setting up a Medication Management processing plant?
- What are the packaging requirements for setting up a Medication Management processing plant?
- What are the transportation requirements for setting up a Medication Management processing plant?
- What are the utility requirements for setting up a Medication Management processing plant?
- What are the human resource requirements for setting up a Medication Management processing plant?
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