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Medication Management Market Report 2020-2025 | Global Demand & Analysis

Global Medication Management Market by Solution, Services, Application, and Region - Global Forecast to 2025

  • Report ID : IMR-9799 |
  • Category : Service Industry  |
  • Published Date : Jan 2021 |
  • Format :   IMR Report Formats   IMR Report Formats   IMR Report Formats

Global Medication Management Market Overview

The global medication management market size was valued at USD 3250.14 million in 2019 and is expected to reach USD 10033.70 million by the year 2025, at a CAGR of 20.98%.

Medication management is basically a system that allows prescribing, the supply of medicines, and administration to be tracked digitally and electronically. Due to the increase in chronic diseases and rapid growth in standardization and population, there is a major demand for the medication management market. From the systems and services this market offer, the CPOE (computerized physician order entry) system has the largest market share and is one of the major drivers for the growth of this market.

The rising demand and the usage of IT solutions in the healthcare industry, and the adoption of IT services are increasing the growth of the market. The increase in improvement for the quality of treatment services by the hospitals is also a major factor for the boost of the market. According to the primary research, the survey found by the International Diabetes Federation indicates that the expenditures across the globe for diabetes treatment is expected to increase between 2020-2042 which will directly affect the medication management market positively.

By the end of 2027, the Medication Management market size is estimated to be at USD 14813.45 million due to the high demand for the Clinical decision support system (CDSS) that is specifically designed to assist healthcare professionals and physicians.

Medication Management

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Due to the lack of awareness about medication management in developing countries the growth of the market is being hampered and can be the restraint for the growth of the market. The market is further segmented into the system, services, mode of delivery, end-user industries, and major regions like North-America, Latin America, Asia-Pacific, Europe, and MEA.

Rising demand to improve healthcare expenditure and urgency to reduce time and human errors are a driving factor for the growth in the forecast period.

Impact of COVID-19 on Medication Management Market

The pandemic has put quite a strain on every industry and especially the healthcare system across the globe. Developed countries are coping well due to the increased urbanization and adoption of high technology IT solution including medication management. Due to the quarantine imposed by the government across the globe, many pharmacies were the only easy access for people with chronic diseases like diabetes which has increased the medication management market.

Due to the lockdown, many developing countries are now adopting the electronic way to manage the database and are now focusing on improving the expenditure of the healthcare system which is a driving factor for the medication management market in developing countries.   

Market Segmentation

By system type, the market is divided into,

  • CPOE,
  • CDSS,
  • Automated Dispensing
  • Assuring Systems

Based on mode of delivery, the segment is sub-segmented into

  • On-premises,
  • web-based
  • cloud based

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

System type Insights

Among all, CPOE (computerized physician order entry) system holds the largest share of 45.23% with market size of USD 1524.11 million in the year 2019 with the highest CAGR of 23.29%. With the increase in the demand for more IT solutions in the healthcare industry, the market size of CPOE is expected to be at USD 8075.26 million in the year 2027.

Mode of Delivery Insights:

The web-based segment dominates the market with a market share of 45.32% and the market size at USD 1578.76 million in the year 2019. With the highest CAGR of 25.45%, the market size of the web-based segment is expected to increase at USD 9606.95 million in the year 2027 approximately. Better IT infrastructure requirements and low expenditure are the major factors for the growth of the web-based segment.

Regional Insights:

According to the regional analysis, North-America is dominating the market with the largest market share of 56.36% and market size of USD 1819.37 million in the year 2019 and is expected to have a market size of USD 5068.91 million in the year 2025. Europe is holding the second largest market share of 21.32% due to the increase in population and the increasing chronic disease among them.

It was recorded by WHO that approximately 17.7 million people died due to cardiovascular disease in the year 2015 and approximately 425 million people were suffering from diabetes among which North-America and Europe held the highest percentage of them which directly boosts the medication management market.

Major Key Players Considered in the Market

  • Cerner Corporation
  • Becton
  • Dickinson and Company
  • ARxIUM
  • Omnicell Inc.
  • CareFusion Corporation
  • McKesson Corporation
  • General Electric Company
  • Siemens AG
  • Allscripts healthcare solutions Inc.
  • Epic Systems Corporations, and Others.

Salient Features of the Medication Management Market

The approximate expected value for Medication Management was USD 3250.14 million in 2019, and it is expected to reach USD 10033.70 million by 2025.

  • Due to the CDSS system that comprises various tools and precision making software which is increasing the workflow is one of the major drivers for the growth of segment as well as the market.
  • Advantages like computerized alerts, reminders to care providers and the clinics, guidelines and the focused data on the patients and their medical records are responsible for the rapid increase in the market size of the medication management market.
  • Europe holds the second-largest market for medication management with a CAGR of 18.67% and the market size at USD 680.26 million in the year 2019 and is expected to have the size at USD 7223.63 million in the year 2027.

Frequently Asked Questions :

Table of Content

Chapter 1 About the Medication Management Industry 
1.1 Industry Definition
1.1.1 Types of Medication Management industry
1.1.1.1 CPOE
1.1.1.2 CDSS
1.1.1.3 Automated Dispensing
1.1.1.4 Assurance Systems
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance

Chapter 2 World Market Competition Landscape
2.1 Medication Management Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2013-2019
Market Revenue (M USD) Sales and Growth Rate 2013-2019
Major Players Revenue (M USD) in 2019
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2013-2019
Market Revenue (M USD) Sales and Growth Rate 2013-2019
Major Players Revenue (M USD) in 2019
2.1.3 China
Market Revenue (M USD) and Growth Rate 2013-2019
Market Revenue (M USD) Sales and Growth Rate 2013-2019
Major Players Revenue (M USD) in 2019
2.1.4 India
Market Revenue (M USD) and Growth Rate 2013-2019
Market Revenue (M USD) Sales and Growth Rate 2013-2019
Major Players Revenue (M USD) in 2019
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2013-2019
Market Revenue (M USD) Sales and Growth Rate 2013-2019
Major Players Revenue (M USD) in 2019
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2013-2019
Market Revenue (M USD) Sales and Growth Rate 2013-2019
Major Players Revenue (M USD) in 2019
2.2 World Medication Management Market by Types
CPOE
CDSS
Automated Dispensing
Assurance Systems
2.3 World Medication Management Market by Applications
Medication Analytics
POC Verification
ADE Surveillance
2.4 World Medication Management Market Analysis
2.4.1 World Medication Management Market Revenue and Growth Rate 2013-2019
2.4.2 World Medication Management Market Consumption and Growth rate 2013-2019
2.4.3 World Medication Management Market Price Analysis 2013-2019

Chapter 3 World Medication Management Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players 
3.3 Major Production Market share by Regions 2013-2019
3.4 Major Revenue (M USD) Market share By Regions 2013-2019

Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2015-2019
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis

Chapter 5 Company Profiles
5.1 CareFusion
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Aesynt
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 Cerner
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 Siemens Healthcare
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Hospira
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 Baxter International
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 B.Braun Melsungen
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 Webster Care
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.9 Terumo Medical
5.9.1 Company Details (Foundation Year, Employee Strength and etc)
5.9.2 Product Information (Picture, Specifications and Applications)
5.9.3 Revenue (M USD), Price and Operating Profits
5.10 Allscripts Healthcare
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
5.11 …
5.11.1 Company Details (Foundation Year, Employee Strength and etc)
5.11.2 Product Information (Picture, Specifications and Applications)
5.11.3 Revenue (M USD), Price and Operating Profits

Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry

Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions

Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India

Chapter 9 World Medication Management Market Forecast through 2023
9.1 World Medication Management Demand by Regions Forecast through 2023
9.2 World Medication Management Price(by Regions, Types, Applications)Analysis Forecast through 2023
9.3 World Medication Management Revenue (M USD)(by Regions, Types, Applications) Forecast through 2023
9.4 World Medication Management Market Analysis
9.4.1 World Medication Management Market Revenue and Growth Rate through 2023
9.4.2 World Medication Management Market Consumption and Growth rate through 2023
9.4.3 World Medication Management Market Price Analysis through 2023

Chapter 10 Key success factors and Market Overview

Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2013-2019
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2013-2019
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2013-2019
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2013-2019
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2013-2019
Table Major Players Revenue (M USD) in 2019
Table Major Production Market share by Players 2019
Table Major Revenue (M USD) Market share by Players 2019
Table Production Market share by Major Regions in 2019-2019
Table Production Market share by Major Regions in 2020-2023
Table Revenue (M USD) Market share by Regions in 2019-2019
Table Revenue (M USD) Market share by Regions in 2020-2023
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2015-2019
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table CareFusion Information List
Figure Medication ManagementMedication Management Picture, Specifications and Applications of CareFusion
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of CareFusion 2019
Figure Medication Management Sales Volume and World Market Share of CareFusion 2019
Table Aesynt Information List
Figure Medication Management Picture, Specifications and Applications of Aesynt
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Aesynt 2019
Figure Medication Management Sales Volume and World Market Share of Aesynt 2019
Table Cerner Information List
Figure Medication Management Picture, Specifications and Applications of Cerner
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Cerner 2019
Figure Medication Management Sales Volume and World Market Share of Cerner 2019
Table Siemens Healthcare Information List
Figure Medication Management Picture, Specifications and Applications of Siemens Healthcare
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Siemens Healthcare 2019
Figure Medication Management Sales Volume and World Market Share of Siemens Healthcare 2019
Table Hospira Information List
Figure Medication Management Picture, Specifications and Applications of Hospira
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Hospira 2019
Figure Medication Management Sales Volume and World Market Share of Hospira 2019
Table Baxter International Information List
Figure Medication Management Picture, Specifications and Applications of Baxter International
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Baxter International 2019
Figure Medication Management Sales Volume and World Market Share of Baxter International 2019
Table B.Braun Melsungen Information List
Figure Medication Management Picture, Specifications and Applications of B.Braun Melsungen
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of B.Braun Melsungen 2019
Figure Medication Management Sales Volume and World Market Share of B.Braun Melsungen 2019
Table Webster Care Information List
Figure Medication Management Picture, Specifications and Applications of Webster Care
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Webster Care 2019
Figure Medication Management Sales Volume and World Market Share of Webster Care 2019
Table Terumo Medical Information List
Figure Medication Management Picture, Specifications and Applications of Terumo Medical
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Terumo Medical 2019
Figure Medication Management Sales Volume and World Market Share of Terumo Medical 2019
Table Allscripts Healthcare Information List
Figure Medication Management Picture, Specifications and Applications of Allscripts Healthcare
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Allscripts Healthcare 2019
Figure Medication Management Sales Volume and World Market Share of Allscripts Healthcare 2019
Table … Information List
Figure Medication Management Picture, Specifications and Applications of …
Table Medication Management Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of … 2019
Figure Medication Management Sales Volume and World Market Share of … 2019
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Medication Management (2019-2023)
Table World Price by Regions Forecast Analysis of Medication Management (2019-2023)
Table World Price by Types Forecast Analysis of Medication Management (2019-2023)
Table World Price by Applications Forecast Analysis of Medication Management (2019-2023)
Table World Revenue (M USD) by Regions Forecast Analysis of Medication Management (2019-2023)
Table World Revenue (M USD) by Types Forecast Analysis of Medication Management (2019-2023)
Table World Revenue (M USD) by Applications Forecast Analysis of Medication Management (2019-2023)

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