[October 20, 2014]

Research and Markets: Global Medication Management Market 2014-2019 - Systems, Services & Mode of Delivery Analysis of the $1.6 Billion Industry

Research and Markets (http://www.researchandmarkets.com/research/5wpk7t/medication) has announced the addition of the "Medication Management Market by Systems, Services, Mode of Delivery - Global Forecast to 2019" report to their offering.

The global medication management market is valued at an estimated $845.1 million in 2014 and is expected to grow at a CAGR of 14% from 2014 to 2019, to reach $1,624.9 million by 2019

The adoption of medication management solutions by healthcare providers is increasing, owing to the rising concerns for minimizing adverse drug events and related medication errors. This is one of the key factors driving the growth of this market in the forecast period. Government initiatives to improve quality of care for patients and reduce healthcare expenditure are also expected to support the growth of the market in the coming years.

The global market is broadly segmented by systems, services, mode of delivery, and end-users. The software market is divided into computerized physician order entry, clinical decision support systems, administration software, inventory management software, automated dispensing systems, and assurance systems software. The market, by services, is divided into medcation analytics, point-of-care verification, and ADE (News - Alert) (adverse drug events) surveillance. The end-users market is segmented into hospitals, pharmacies, and others. The market, by mode of delivery, is divided into on-premises, web-based, and cloud-based models.

In 2013, the North American market dominated the global medication management market with a share of 63.7%, followed by Europe, APAC, and RoW. The APAC region shows the maximum growth potential in the coming few years. The urgent need for modernization of healthcare infrastructure, owing to the growth in aging population and increasing incidences of chronic diseases will help drive this market. Countries such as South Korea, China, and Singapore are expected to steer the growth of the medication management market in the APAC region.

CareFusion Corporation (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Cerner (News - Alert) Corporation (U.S.), and Siemens Healthcare (Germany) are some of the top players in the global medication management market.

Report Scope

By Software

• Computerized Physician Order Entry
• Clinical Decision Support System
• Administration Software
• Electronic Medication Administration Record (EMAR)
• Barcode Medication Administration (BMA)
• Inventory Management
• Automated Dispensing Systems (ADS)
• Centralized
• Robots
• Carousels
• Decentralized Automated Dispensing Systems
• Pharmacy-based ADS
• Ward-based ADS
• Automated Unit-Dose Dispensing
• Assurance System Software

By Services

• Medication Analytics
• Point-of-Care Verification
• ADE Surveillance

By End-users

• Hospitals
• Pharmacy
• Others

By Mode of Delivery

• On-premises
• Web-based
• Cloud-based

Companies Mentioned

• Allscripts Healthcare Solutions, Inc.
• Carefusion Corporation
• Cerner Corporation
• GE Healthcare (A Division Of General Electric Company)
• Mckesson Corporation
• Meditech
• Omnicell (News - Alert), Inc.
• Optum Inc.
• Quadramed Corporation
• Siemens Healthcare (Subsidiary Of Siemens Ag)

For more information visit http://www.researchandmarkets.com/research/5wpk7t/medication

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