Medication management is the process of monitoring, reconciling, and tracking an individual’s medications. Under medication management factors such as, nutritional supplements, over the counter medications, vitamins, and other traditional therapies. This process ensures patient compliance and helps in avoiding harmful drug interactions and side effects or other complications. Medication management is an important part of personalized care as it helps to achieve the goal of care plan and attain desired health outcomes.
Rise in the number of challenges being faced by medical practitioners regarding the maintenance of patient records is expected to be a driving factor for the market of medication management. Increase in the amount of investments by hospitals towards streamlining the clinical processes is anticipated to provide growth opportunity in the market during the forecast period.
The “Global Medication Management Market Analysis to 2025” is a specialized and in-depth study of the medication management industry with a focus on the global market trend. The report aims to provide an overview of global medication management market with detailed market segmentation by software, deployment model and end user. The global medication management market is expected to witness substantial growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Based on software, the market is segmented as computerized physician order entry, inventory management, clinical decision support system, automated dispensing systems (ADS), and other software. The automated dispensing systems (ADS), segment is further classified as centralized and decentralized. The market has been classified by the deployment model as, cloud based, web based and on premise. Based on end users, the market is segmented as pharmacies, hospitals and other end users.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medication management market based on product, usage, function, and end user. It also provides market size and forecast till 2025 for overall medication management market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
The market of medication management is anticipated to witness rapid growth in the region of North America in the upcoming years. Various technological advancements in the healthcare IT industry in the United States is expected to drive the market growth during the forecast period. Asia Pacific is anticipated to witness growth of a market at a sustainable rate owing to the presence of various policies and initiatives supporting the growth and adoption of IT in healthcare.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report also includes the profiles of key medication management manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last three years, key development in past three years. Some of the key players influencing the market are Becton, Dickinson and Company, Siemens AG, McKesson Corporation, Cerner Corporation, Optum Inc., QUADRAMED CORPORATION, Omnicell, Inc., Medical Information Technology, Inc., Talyst, LLC., and Swisslog Holding Ltd. among others.
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