What is the global market size of Medication Management Market?

Medication Management Market size was valued at USD 2.52 billion in 2021 and is poised to grow from USD 2.79 billion in 2022 to USD 6.3 billion by 2030, growing at a CAGR of 10.7% in the forecast period (2023-2030).

Medication Management Market Size, Share, Growth Analysis, By Type(Computerised Physician Order Entry (CPOE) Systems, Automated Dispensing Systems (ADS), Medication Administration Software, Inventory Management Systems), By Application(Medication Dispensing Systems, Computerised Physician Order Entry (CPOE), Clinical Decision Support Systems (CDSS), Medication Administration Systems), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35F2012 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 69 | Figures: 75

Medication Management Market Competitive Landscape

Medication Management Market Top Player’s Company Profiles

McKesson Corporation (US)

BD (Becton, Dickinson and Company) (US)

Omnicell, Inc. (US)

Cerner Corporation (US)

Siemens Healthineers AG (Germany)

Capsa Healthcare (US)

GE Healthcare (US)

Allscripts Healthcare Solutions, Inc. (US)

Swisslog Healthcare (Switzerland)

Baxter International Inc. (US)

CareFusion Corporation (US)

Epic Systems Corporation (US)

AmerisourceBergen Corporation (US)

Talyst, LLC (US)

Parata Systems, LLC (US)

Omnicare, Inc. (US)

Pfizer Inc. (US)

Cardinal Health, Inc. (US)

F. Hoffmann-La Roche Ltd (Switzerland)

Medtronic plc (Ireland)

Medication Management Market Report Snapshots

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Medication Management Market size was valued at USD 2.79 billion in 2022 and is poised to grow from USD 3.09 billion in 2023 to USD 6.97 billion by 2031, growing at a CAGR of 10.70% in the forecast period (2024-2031).

The global medication management market is a dynamic and highly competitive industry that revolves around the efficient and safe management of medication throughout the healthcare ecosystem. It encompasses various technologies, solutions, and services aimed at optimising medication administration, monitoring, and adherence. The competitive landscape of the medication management market is characterised by the presence of numerous key players, including technology providers, pharmaceutical companies, healthcare providers, and software developers. 'McKesson Corporation (US)', 'BD (Becton, Dickinson and Company) (US)', 'Omnicell, Inc. (US)', 'Cerner Corporation (US)', 'Siemens Healthineers AG (Germany)', 'Capsa Healthcare (US)', 'GE Healthcare (US)', 'Allscripts Healthcare Solutions, Inc. (US)', 'Swisslog Healthcare (Switzerland)', 'Baxter International Inc. (US)', 'CareFusion Corporation (US)', 'Epic Systems Corporation (US)', 'AmerisourceBergen Corporation (US)', 'Talyst, LLC (US)', 'Parata Systems, LLC (US)', 'Omnicare, Inc. (US)', 'Pfizer Inc. (US)', 'Cardinal Health, Inc. (US)', 'F. Hoffmann-La Roche Ltd (Switzerland)', 'Medtronic plc (Ireland)'

The increasing prevalence of chronic diseases and the global ageing population have created a demand for effective medication management. The elderly population, who often require multiple medications, face challenges in adhering to complex medication schedules. Medication management systems offer solutions by organising medication schedules, providing reminders, and monitoring adherence. These systems cater to the specific needs of the elderly population, improving medication management and enhancing patient outcomes.

One of the key trends in the medication management market is the increasing adoption of cloud-based solutions. Cloud-based solutions offer a number of advantages over traditional on-premises solutions, such as scalability, flexibility, and security.

In the global medication management market, the most dominant region is North America. North America, comprising countries such as the US and Canada, holds a significant share in the medication management market due to several factors. The region has a well-established healthcare infrastructure, advanced technological capabilities, and a high adoption rate of healthcare IT solutions. Additionally, factors such as the presence of major pharmaceutical companies, government initiatives for healthcare digitization, and a growing ageing population contribute to the dominance of North America in the medication management market.

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Medication Management Market Competitive Landscape

Medication Management Market Report Snapshots

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