Press release
Medication Management Market, Industry Status, Growth Opportunities, Top Key Players, Target Audience and Forecast to 2024
Different type of medication management systems includes clinical decision support systems, computerized physician order entry systems, inventory management systems, assurance systems, administration software and automated dispensing systems. Among all these systems, computerized physician order entry systems account for the largest revenue in the market.
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There are three modes of delivery in the medication management market, web-based solutions, cloud-based solutions and on-premise solutions. Of all mode of delivery, the web-based solutions accounted the largest share in the medication management market.
North America is the largest medication management market primarily during to the high healthcare cost and increasing prevalence of chronic diseases. For instance, according to Centers of Disease Control and Prevention (CDC), in the U.S. approximately 610,000 people die every year due to heart disease.
Asia-Pacific is predicted to observe the fastest growth in the market, as the region comprises of large population base.
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Key players in the medication management market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
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.
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