Medication Management Market: By System and Assurance System Software), By Service, By Delivery Mode, By End User, and Region Forecast 2019-2030
Medication Management Market size was valued at US$ 5,389.8 million in 2023 and is poised to grow at a significant CAGR of 16.6% from 2024 to 2030. The growing demand of mHealth technologies is driving the growth of the medication management market. Mobile health (mHealth) uses mobile technologies to assist healthcare professionals in providing efficient and adequate patient care. The growing burden of chronic diseases, rising geriatric population, supportive healthcare regulatory norms and increasing healthcare cost are increasing the acceptance of mHealth technologies.
Additionally, the high penetration of mobile devices has fuelled the adoption of mHealth technologies. The rising number of prescriptions adds to pharmacists' workload, and the growing number of hospitals investing in new software to improve healthcare process management and reduce medication errors will accelerate the use of automated workflow management systems. Furthermore, the significant increase in the number of prescriptions written around the world is predicted to increase the use of medication management software in healthcare facilities.
Study Period
2024-2030Base Year
2023CAGR
16.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Medication management systems are being used by healthcare organizations due to process improvements in terms of quality and productivity. When it comes to critical aspects like regulatory and compliance information, patient analysis, account balances, supplier costs, and valuation analysis, the usage of medication management systems makes it much easier to manage information. Retail pharmacies are beginning to see the value of medication management systems in streamlining operations and increasing efficiency. Through the growth of IT infrastructure, these solutions enable optimization, decreasing patient waiting times and operational expenses while also cutting profit margins. However, the market's growth is being hampered by a lack of understanding regarding prescription management systems, as well as privacy and security concerns.
The North American market has registered the highest revenue share in 2022 and is expected to continue its dominance in the future. The region's dominance was fueled by high adoption of IT in healthcare, technical innovation, growth in the frequency of infectious and chronic diseases, and an increase in the number of prescriptions written in the region. Prescription management has become more popular in North America as concerns about medication errors and monitoring the misuse and overuse of medications that can lead to major adverse drug events have grown. However, the Asia Pacific region is expected to develop at the fast rate in the market. The pressing need for healthcare infrastructure modernization, owing to the aging population and rising prevalence of chronic diseases, will propel the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5,389.8 million |
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Market CAGR |
16.6% |
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By System |
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By Service |
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By Delivery Mode |
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By End User |
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By Region |
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The global medication management market size was valued at US$ 5,389.8 million in 2023 and is poised to grow at a CAGR of 16.6% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Medication Management Market Introduction |
| 2.1.Global Medication Management Market - Taxonomy |
| 2.2.Global Medication Management Market - Definitions |
| 2.2.1.System |
| 2.2.2.Service |
| 2.2.3.Delivery Mode |
| 2.2.4.End-User |
| 2.2.5.Region |
| 3.Global Medication Management Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Medication Management Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Medication Management Market By System, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Computerized Physician Order Entry |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Clinical Decision Support System |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Administration Software Inventory Management |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Automated Dispensing Systems (ADS) |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Assurance System Software |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Medication Management Market By Service, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Medication Analytics |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Point -of -Care Verification |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Medication Management Market By Delivery Mode, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Cloud Based |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Web Based |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. On-Premise |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Medication Management Market By End-User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Hospitals |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Pharmacy |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Others |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global Medication Management Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Medication Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Computerized Physician Order Entry |
| 10.1.2.Clinical Decision Support System |
| 10.1.3.Administration Software Inventory Management |
| 10.1.4.Automated Dispensing Systems (ADS) |
| 10.1.5.Assurance System Software |
| 10.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Medication Analytics |
| 10.2.2.Point -of -Care Verification |
| 10.3. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Cloud Based |
| 10.3.2.Web Based |
| 10.3.3.On-Premise |
| 10.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Hospitals |
| 10.4.2.Pharmacy |
| 10.4.3.Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Medication Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. System Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Computerized Physician Order Entry |
| 11.1.2.Clinical Decision Support System |
| 11.1.3.Administration Software Inventory Management |
| 11.1.4.Automated Dispensing Systems (ADS) |
| 11.1.5.Assurance System Software |
| 11.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Medication Analytics |
| 11.2.2.Point -of -Care Verification |
| 11.3. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Cloud Based |
| 11.3.2.Web Based |
| 11.3.3.On-Premise |
| 11.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Hospitals |
| 11.4.2.Pharmacy |
| 11.4.3.Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Medication Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. System Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Computerized Physician Order Entry |
| 12.1.2.Clinical Decision Support System |
| 12.1.3.Administration Software Inventory Management |
| 12.1.4.Automated Dispensing Systems (ADS) |
| 12.1.5.Assurance System Software |
| 12.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Medication Analytics |
| 12.2.2.Point -of -Care Verification |
| 12.3. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Cloud Based |
| 12.3.2.Web Based |
| 12.3.3.On-Premise |
| 12.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Hospitals |
| 12.4.2.Pharmacy |
| 12.4.3.Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Medication Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. System Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Computerized Physician Order Entry |
| 13.1.2.Clinical Decision Support System |
| 13.1.3.Administration Software Inventory Management |
| 13.1.4.Automated Dispensing Systems (ADS) |
| 13.1.5.Assurance System Software |
| 13.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Medication Analytics |
| 13.2.2.Point -of -Care Verification |
| 13.3. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Cloud Based |
| 13.3.2.Web Based |
| 13.3.3.On-Premise |
| 13.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Hospitals |
| 13.4.2.Pharmacy |
| 13.4.3.Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Medication Management Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. System Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Computerized Physician Order Entry |
| 14.1.2.Clinical Decision Support System |
| 14.1.3.Administration Software Inventory Management |
| 14.1.4.Automated Dispensing Systems (ADS) |
| 14.1.5.Assurance System Software |
| 14.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Medication Analytics |
| 14.2.2.Point -of -Care Verification |
| 14.3. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Cloud Based |
| 14.3.2.Web Based |
| 14.3.3.On-Premise |
| 14.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Hospitals |
| 14.4.2.Pharmacy |
| 14.4.3.Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Allscripts |
| 15.2.2.BD |
| 15.2.3.B-soft Co.,ltd |
| 15.2.4.Cerner Corporation |
| 15.2.5.DHC Software Co., Ltd. |
| 15.2.6.GE Healthcare |
| 15.2.7.Hangzhou Century Co., Ltd |
| 15.2.8.Heren Health Co., Ltd |
| 15.2.9.McKesson |
| 15.2.10.Omnicell |
| 15.2.11.Sichuan Jiuyuan Yinhai Software Co.,ltd. |
| 15.2.12.Winning Health Technology Group Co., Ltd. |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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