Status : Published Published On : Dec, 2023 Report Code : VRHC1049 Industry : Healthcare Available Format : Page : 153
2025
2030

Global Medication Management Market – Analysis and Forecast (2025-2030)

Industry Insights by System (Clinical Decision Support Systems, Inventory Management Systems, Computerized Physician Order Entry Systems, Assurance Systems, Administration Software and Automated Dispensing Systems), by Service (Adverse Drug Effects Surveillance, Medication Analytics, and Point-of-Care Verification), by Mode of Delivery (Web-Based, Cloud-Based and On Premise) and by End User (Pharmacies, Hospitals and Other), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The Global Medication Management Market is expected to grow at a CAGR of 18.6% during the forecast period with its market size predicted to reach USD 9.2 billion by 2030. Medication management allows prescribing, administration and supply of medicines to be tracked and validated electronically. The global medication management market is growing at a significant rate, due to the mounting occurrence of chronic diseases and rapid growth in the geriatric population. Different systems and services contributed to the medication management market size. The market has witnessed a high demand for computerized physician order entry systems over the last few years due to the mounting demand for remote patient monitoring services.

Medication Management Market

Market Segmentation

Insight by Systems

On the basis of systems, the market is subdivided into clinical decision support systems, inventory management systems, computerized physician order entry systems, assurance systems, administration software, and automated dispensing systems. Of all systems, computerized physician order entry systems segment accounted for the largest share in the market, which is due to the increasing demand for remote patient monitoring services and mounting demand for the advanced healthcare system. In addition, the clinical decision support system is expected to grow at the fastest rate in the market, due to mounting chronic diseases and expanding the geriatric population.

Insight by Services

There are three services offered in the market including adverse drug effects (Ade) surveillance services, medication analytics services, and point-of-care verification services. Of all services, medication analytics services accounted for the largest share in the market due to the mounting demand for the advanced healthcare system. The demand for Ade surveillance services is also anticipated to increase at a significant rate during the forecast period.

Insight by Mode of Delivery

There are three modes of delivery in the medication management market, web-based solutions, cloud-based solutions, and on-premise solutions. Low maintenance and IT infrastructure requirements are some of the factors responsible for the growth of the web-based solution segment. Of all mode of delivery, the web-based solutions accounted for the largest share in the medication management market. In addition, cloud-based solutions are expected to grow at the fastest rate during the forecast period.

Insight by End-User

The different end users are pharmacies, hospitals, and other healthcare institutions. The mounting occurrence of chronic diseases is the factors growing the demand for medication management in hospitals. Among all end users, the hospitals accounted for the largest share in the medication management market.

Global Medication Management Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  xx.x Billion

Revenue Forecast in 2030

U.S.D.  9.2 Billion

Growth Rate

18.6%

Segments Covered in the Report

By Systems, By Services, By Mode of Delivery, and By End-User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Growth Drivers

The rapid increase in the aging population, demand for reduced healthcare cost, technological advancement, and mounting demand for remote patient monitoring services are the primary growth drivers for medication management market. For instance, according to the World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050.

In addition, mounting occurrence of chronic diseases is also driving the growth of the market. For instance, according to WHO globally approximately 17.7 million people died from cardiovascular diseases in 2015. In addition, according to WHO, globally the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Moreover, according to the International Diabetes Federation (IDF) in 2017, approximately 425 million adults were suffering from diabetes and are expected to reach 629 million by 2045, globally.

Mounting emphasis on value-based medicine, mounting demand for the advanced healthcare system, and escalating assistance from government organizations are also facilitating the growth for the medication management market.

Challenges

Unwillingness to accept medication management systems, privacy and safety issues and the high price of implementation and maintenance are the major challenges for the growth of medication management market.

Industry Ecosystem

Globally, manufacturing companies trying to enter the medication management market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest medication management market as in the region the prevalence of the chronic disease is increasing. For instance, according to the Centers of Disease Control and Prevention (CDC), in the U.S. approximately 610,000 people die every year due to heart disease. Growing geriatric population, technological innovation and boosting government funding are also up surging growth of the North American medication management market. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050.

Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of the large population base. In addition, expanding the geriatric population, the mounting occurrence of chronic diseases and refined healthcare infrastructure are also creating a positive impact on the medication management market growth in the region.

Competitive Insight

Key players in the medication management market are catering to the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In October 2017, Allscripts Healthcare Solutions, Inc., acquired McKesson Corporation’s hospital and health system IT business, to improve its product portfolio. Allscripts Healthcare Solutions, Inc., Cerner Corporation, CareFusion Corporation, Siemens Healthcare, GE Healthcare, Optum Inc., McKesson Corporation, Epiq System Corporation, Qualcomm Incorporated, Quadramed Corporation, Omnicell, Inc., and Meditech are the key players offering medication management.

The Medication Management Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By System
    • Clinical Decision Support Systems
    • Inventory Management Systems
    • Computerized Physician Order Entry Systems
    • Assurance Systems
    • Administration Software
    • Automated Dispensing Systems
  • By Service Method 
    • Adverse Drug Effects Surveillance
    • Medication Analytics
    • Point-of-Care Verification
  • By Mode of Delivery 
    • Web-Based
    • Cloud-Based
    • On-Premise
  • By End User
    • Pharmacies
    • Hospitals
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

 

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

Medication Management Market Size

Frequently Asked Questions

Globally, manufacturing companies trying to enter the medication management market are required to maintain stringent regulatory standards. the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.
Geographically, North America is the largest medication management market as in the region the prevalence of the chronic disease is increasing.
Global Medication Management Market forecast period is (2025-2030)
The global medication management market is expected to grow at a CAGR of 18.6% during the forecast period
There are three modes of delivery in the medication management market, web-based solutions, cloud-based solutions, and on-premise solutions

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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