Global Medication Management Market (2021 to 2026) - Information Technology Boosting Medication Management Presents Opportunities
DUBLIN, Aug. 24, 2021 /PRNewswire/ -- The "Medication Management Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global medication management market by revenue is expected to grow at a CAGR of over 15.15% during the period 2020-2026.
With the high adoption of IT in the healthcare industry globally, there will be an increase in the adoption of medication management systems. The demand for these systems is increasing due to the growing need for remote patient monitoring services across healthcare. The increasing role of digital health, demand for pharmacy automation solutions, and active involvement of vendors will contribute to the growth of the medication management market.
The following factors are likely to contribute to the growth of the medication management system market during the forecast period:
- Increasing Acquisitions & Agreements Among Vendors
- Role Of Digital Health in Medication Management
- Reduction In Medication Errors and Healthcare Costs
- Rising Demand for Enormous Data Mounting from Healthcare Industry
The study considers the medication management market's present scenario and its market dynamics for the period 2020?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The global medication management market research report includes a detailed segmentation by software type, delivery mode, end-User, geography. CPOE is an integral and key component of medication management within hospital settings. Providers are increasingly adopting CPOE because of the Medicare and Medicaid incentive programs for meaningful use of electronic health records. The use of CPOE has increased steadily over time. Many EHR products now come being equipped with CPOE modules that enabling physicians to enter patient data electronically.
Web and cloud-based solutions are expected to contribute to and improve several aspects of the healthcare sector. Medicine orders can be quickly digitized directly into a single, web-based application that supports customized workflows. Many companies are developing web and cloud-based medication management systems such as CareMeds, Omnicell, PipelineRx, etc.
Medication management in hospitals is vitally important to the delivery of safe care. Hospitals are using telemedicine to improve their link to pharmacy services at any time, improving medication systems for patients. Electronic medications management systems support all the stakeholders within the process and provide the patient-centric care model. Such developments are contributing to the rising uptake of medication systems in hosptals.
Most of the leading players are focusing on implementing various strategies to boom in the market. Manufacturers compete directly with several companies in the medication management automation solutions market. The medication management industry is intensely competitive. The players are anticipated to lucrative growth opportunities with the rising demand for systems in the global industry. Key vendors have a wide geographical reach, diversified product portfolio, and a strong focus on innovation and research activities. Major key players accounting for the significant share in the market are Cerner Corporation, BD, Omnicell, McKesson Corporation, Epic Systems, and United Health Group.
Major Vendors
- Omnicell
- Epic Systems Corporation
- BD
- Cerner Corporation
- McKesson Corporation
- UnitedHealth Group
Other Prominent Vendors
- ArbiMed
- ARxIUM
- Cureatr
- DrFirst
- GE Healthcare
- Genoa
- Healthcom
- ICU Medical
- iRx Reminder
- Medical Information Technology
- Medicine-On-Time
- NextGen Healthcare
- PipelineRx
- Plexus Technology Group
- SmartMed
- Swisslog Healthcare
- Talyst
- WellSky
Key Questions Answered: 1. At what CAGR is the Medication Management market projected to grow in the forecast period (2021-2026)? 2. What is the impact of the COVID-19 in the Medical Management Market? 3. Which region holds the largest share in the Market? 4. What are the new developments in the Medication Management Systems market? 5. Who are the top key players in the Medication Management Market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of The Study
5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation
6 Market at a Glance
7 Introduction 7.1 Overview
8 Market Opportunities & Trends 8.1 Information Technology Boosting Medication Management 8.2 Acquisitions & Agreements Among Vendors 8.3 Role of Digital Health in Medication Management
9 Market Growth Enablers 9.1 E-Medication & Electronic Medication Management 9.2 Reduction in Medication Errors & Healthcare Costs 9.3 Enormous Data Mounting in Healthcare Industry
10 Market Growth Restraints 10.1 Technical & Workflow Issues 10.2 Lack of Standardization & Security Concerns 10.3 Errors Linked to Medication Management Systems
11 Market Landscape 11.1 Market Overview 11.2 Market Size & Forecast 11.3 Medication Management During COVID-19 11.4 Five Forces Analysis
12 Software Type 12.1 Market Snapshot & Growth Engine 12.2 Market Overview 12.3 Computerized Physician Order Entry 12.4 Clinical Decision Support System 12.5 Automated Dispensing Systems 12.6 Drugs Inventory Management System 12.7 Others
13 Delivery Mode 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 13.3 Web & Cloud-Based 13.4 On-Premises
14 End-User 14.1 Market Snapshot & Growth Engine 14.2 Market Overview 14.3 Hospitals 14.4 Pharmacies 14.5 Others
15 Geography 15.1 Market Snapshot & Growth Engine 15.2 Geographic Overview
16 North America 16.1 Market Overview 16.2 Market Size & Forecast 16.3 Key Countries
17 Europe 17.1 Market Overview 17.2 Market Size & Forecast 17.3 Key Countries
18 APAC 18.1 Market Overview 18.2 Market Size & Forecast 18.3 Key Countries
19 Latin America 19.1 Market Overview 19.2 Market Size & Forecast 19.3 Key Countries
20 Middle East and Africa 20.1 Market Overview 20.2 Market Size & Forecast 20.3 Key Countries
21 Competitive Landscape 21.1 Competition Overview 21.2 Market Share Analysis
22 Key Company Profiles 22.1 Omnicell 22.2 Epic Systems Corporation 22.3 BD 22.4 Cerner Corporation 22.5 Mckesson Corporation 22.6 United Health Group
23 Other Prominent Vendors 23.1 Arbimed 23.2 Arxium 23.3 Cureatr 23.4 Drfirst 23.5 GE Healthcare 23.6 Genoa Healthcare 23.7 Healthcom 23.8 ICU Medical 23.9 IRX Reminder 23.10 Medical Information Technology 23.11 Medicine-On-Time 23.12 Nextgen Healthcare 23.13 Pipelinerx 23.14 Plexus Technology Group 23.15 Smartmed 23.16 Swisslog Healthcare 23.17 Talyst 23.18 Wellsky
24 Report Summary 24.1 Key Takeaways 24.2 Strategic Recommendations
25 Quantitative Summary 25.1 Market by Software Type 25.2 Market by Delivery Mode 25.3 Market by End-User 25.4 Market by Geography
26 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/j6oibz
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