Medication Management Market Analysis By P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Medication Management Market Size, Share, Development, Growth and
Demand Forecast to 2020
Medication Management Market Size, Share, Development, Growth
and Demand Forecast to 2020
The growing geriatric population and increasing demand of better healthcare management systems
around the world are the predominant growth drivers for the global medication management
market. Additionally, the increasing number of hospitalization cases, innovative and advanced
applications of medication management systems, increasing need of reducing medication errors,
and initiatives taken by various government associations for the implementation of these systems
in healthcare facilities are also driving the growth of the global market. The growing numbers of
mergers and acquisitions, and increasing adoption of mobile healthcare technologies are some of
the major trends observed in the market. Among the various delivery modes, the web-based
accounted for the largest market; whereas, the cloud-based was the fastest growing segment in
the market.
Among the various end-user segments, hospital is the largest and fastest growing
segment in the global market.
Explore
Report
at:
https://www.psmarketresearch.com/market-analysis/medication-
management-market
Medication errors are the second most common type of medical events reported in healthcare
facilities. Among all the medication errors, medicine omission or overdose occurs most frequently.
The reduction of all medication errors would significantly improve patient safety and the quality use
of medicines.
Medication management systems enable prescribing, supply and administration of medicines to be
accomplished electronically. These systems regulate functions of the entire hospital medication
procedures, including medicine prescribing by doctors, dispensing of medication by pharmacists,
and administration of medicines by nurses. In addition, these systems reduce medication errors
through improved prescription legibility, and appropriate dosage calculations.
Ask
for
TOC:
https://www.psmarketresearch.com/market-analysis/medication-management-
market
The stringent regulation for the installation of medication management systems in healthcare
facilities is restraining the growth of the market. Moreover, high installation and maintenance costs
of these systems, and lack of skilled healthcare professionals are also hindering the growth of the
global market, especially in the developing countries, such as India and China.
North America and Europe are the major markets, due to increasing prevalence of chronic
diseases, and improved healthcare infrastructure in the regions. The U.S. followed by Canada, is
the largest market for medication management in North America. Whereas, the U.K., Germany and
© P&S Market Research. All rights reserved
2
Medication Management Market Size, Share, Development, Growth
and Demand Forecast to 2020
France are some of the major countries holding significant share in the European medication
management market.
The Asian market is growing with a significant rate, owing to increasing number of hospitals, and
increasing healthcare spending in the region. In addition, the initiatives taken by various
government associations for the implementation of these systems in healthcare facilities are also
supporting the growth of the Asian medication management market. The countries, such as India,
Japan and China, are the major markets in the region.
Apart from these regions, Latin America is other important market. This is due to improving
healthcare infrastructure and growing demand of medication management systems in the region.
Brazil holds the largest share in the Latin American medication management market, due to the
improving healthcare infrastructure and growing support from government organizations for the
implementation of these systems in the healthcare facilities of the country.
Some of the major players operating in the global medication management market include
Omnicell, Inc., Quadramed Corporation, Optum Inc., Cerner Corporation, Mckesson Corporation,
Siemens Ag, GE Healthcare, Carefusion Corporation, MEDITECH, and Allscripts Healthcare Solutions
Inc.
Medication Management Market Segmentation
By Software
Computerized Physician Order Entry (CPOE)
Clinical Decision Support System (CDSS)
Inventory Management
Assurance System Software
Automated Dispensing Systems (ADS)
o Centralized
o Decentralized
 Administration Software
o Electronic Medication Administration Record (EMAR)
o Barcode Medication Administration (BMA)





By Service
 Medication Analytics
 Point-of-Care Verification
 ADE Surveillance
© P&S Market Research. All rights reserved
3
Medication Management Market Size, Share, Development, Growth
and Demand Forecast to 2020
By End-Users
 Hospitals
 Pharmacies
 Others
By Mode of Delivery
 Web-Based
 Cloud-Based
 On-Premise
By Geography
 North America
o U.S.
o Canada
 Europe
o Germany
o France
o U.K.
o Spain
o Italy
 Asia
o Japan
o China
o India
 Latin America
o Brazil
 Rest of the World
© P&S Market Research. All rights reserved
4
Medication Management Market Size, Share, Development, Growth
and Demand Forecast to 2020
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for
various geographies around the globe. We provide market research reports, industry forecasting reports,
business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate
forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through
their interaction with leading companies of the concerned domain. We help our clients with B2B market research
and assist them in identifying various windows of opportunity, and framing informed and customized business
expansion strategies in different regions.
Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
© P&S Market Research. All rights reserved
5