Medication Management System Market Global Key Players: Allscripts, Healthcare Solutions, ARxIUM, BD, Cerner Corporation, GE Healthcare, McKesson Corporation, Medication Management Systems, Inc., Omnicell Inc, Talyst, LLC, QuadraMed Affinity Corporation

The Global Medication Management System market report displays important product and market expansions and tracks recent acquisitions, mergers and research in the Healthcare IT industry. Based on the types of presentations, major sectors, disposition models, association extent and regions this report by Data bridge market research analyses the chief dynamics controlling the growth of the Medication Management System market. An inflation in the CAGR levels is causing the Medication Management System market to change day by day. The moves of several key players and brands in the Global Medication Management System market have had an effect on the transactions, trades and profits.

The forecast years 2018 to 2025 will show a massive revolution. Data bridge market research presents a report that scrutinizes the major factors manipulating the growth of the Medication Management System market such drivers, restraints, opportunities, and challenges which are derived from the Porter’s Five Forces tool and SWOT analysis.

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Global Medication Management System Market

By Software Type, Mode of Delivery (On-premise, Web-based and Cloud-based),

End User (Hospitals, Pharmacies and Others)

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

The Global Medication Management System Market is expected to rise from its initial estimated value of USD 1.73 billion in 2018 and is expected to grow to USD 7.43 billion in 2026 registering a CAGR of 20.0% in the forecast period of 2019-2026. This rise in the market can be attributed to advancement in the technology that is enabling the healthcare services to grow in terms of the quality and standard.

Key Market Competitors:

Few of the major market competitors currently working in the global medication management system market are:

• Allscripts,
• Healthcare Solutions.,
• ARxIUM,
• BD,
• Cerner Corporation,
• GE Healthcare,
• McKesson Corporation,
• Medication Management Systems Inc.,
• Omnicell Inc,
• Talyst, LLC,
• QuadraMed Affinity Corporation.

Market Definition:

Comprehensive medication management services are sustained medication therapy management system where pharmacists are to conduct comprehensive medication reviews. They do so by looking for any contraindications, unnecessary medications and other ways to improve care from a pharmaceutical care point of view.

Market Drivers:

• Increase in investments by the hospitals to improve the quality of treatment services

• Rising demand of the IT solutions in the healthcare sector

Market Restraints:

• Higher cost associated with medication management systems
• Lack of awareness about medication management systems in the developing countries

Competitive Analysis:

The global medication management system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medication management system market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Segmentation:

• By Software Type
o Computerized Physician Order Entry
o Clinical Decision Support System Solutions
o Electronic Medication Administration Record
o Inventory Management Solutions

• By Mode of Delivery

o On premise
o Web-based
o Cloud-based

• By End-User

o Hospitals
o Pharmacies
o Others

• By Geography

o North America
o South America
o Europe
o Asia-Pacific
o Middle East and Africa

Key Developments in the Market:

In November 2018, BD introduced integrated medication management platform which is specifically designed to address various hospital related challenges. BD introduced this at the American Society of Health-System Pharmacists (ASHP) 2017 in the midyear meeting.

In January 2018, GE and Roche entered into the partnership in order to develop integrated digital diagnostics platform which will improve oncology and critical care treatment.

Primary Respondents:

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Table of Contents:

1. Introduction

2. Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global, By Component

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Reasons to Purchase this Report:

• Current and future of global medication management system market outlook in the developed and emerging markets

• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

• Regions/Countries that are expected to witness the fastest growth rates during the forecast period

• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level

• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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