openPR Logo
Press release

Medication Management Market to surpass USD 5.62 billion by 2030 owing to the reform of the healthcare system includes the provision of medication management services.

02-13-2024 12:53 PM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Medication Management Market

Medication Management Market

The SNS Insider report indicates that the Medication Management Market was valued at USD 2.44 billion 2022, and is expected to reach market size of USD 5.62 billion by 2030, with a compound annual growth rate (CAGR) of 11% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, advanced technologies such as the Internet of Things, machine learning, artificial intelligence, and data analysis are being integrated by manufacturers. These technologies help to improve safety, reduce errors, manage the accuracy and deliver results for patients.

Medication Management Market Report Scope -

This report analyses in detail the various aspects of the Global Space Launch Services Market, including its product offerings, trends analysis, competition landscape and regional scope. In terms of market revenue, the size and forecast for the overall space launch services market is given. In addition, it provides an overview of recent government policies and regulations relating to space launch services, as well as detailed information on how these policies will affect market dynamics and performance.

Get sample PDF Of Medication Management Market Report @

The Major Key Players In Medication Management Market
-Omnicell, Inc.,
-Cerner Corporation,
-Becton Dickinson and Company (CareFusion),
-McKesson Corporation,
-Quadra Med Affinity Corporation,
-GE Healthcare,
-and other players.

Medication Management Market Opportunities-

By Software
-Computerized Physician Order Entry
-Clinical Decision Support System
-Administration Software
-Inventory Management
-Automated Dispensing Systems (ADS)
-Assurance System Software

By Services
-Medication Analytics
-Point-of-Care Verification
-ADE Surveillance

By End-users

By Mode of Delivery


There are numerous opportunities for major players in the vast underexplored markets of drug control medicine management worldwide. The demand for drug distribution systems is expected to increase rapidly in the coming years as emerging economies develop at a rapid pace. In addition, development countries have seen a high growth in the categories of end users such as hospitals and pharmacies. This creates tremendous growth opportunities for the players who offer medicinal product management services.

Medication Management Market Segmentation Analysis -

Based on software, the market was dominated by the inventory management segment, which accounted for 28.4% of the revenue in 2022. A large part of hospital and pharmacy budgets are spent on medicines and associated costs. Health care systems are looking for ways of reducing waste and costs. Consequently, the growth of this segment is expected to be driven by the increasing need for standardisation of processes, streamlined procedures and effective procurement of inventory.

Based on end user, in 2022, the hospitals segment accounted for 70.6% of its revenue and is one of the key users of IT solutions. Hospitals started to invest huge amounts of money on the purchase and upgrading of their IT systems a few years ago. They are focused on improving the efficiency of their work, safely handling medication and simplifying complex clinical procedures. Hospitals were able to acquire the largest share of the market through such practices.

Medication Management Market Key Regional Development -

The market was dominated by North America, which accounted for the largest revenue share of 52.0% in 2022. The key factors behind the region's dominance were high use of information technology in healthcare, technological progress and an increasing incidence of infectious diseases and chronic illnesses as well as increased prescription volumes. The United States, as well as throughout the world, is the largest market for medication management systems.

The Asia Pacific market is expected to grow at a compounded annual growth rate of 11.5% over the forecast period. A number of factors, such as improved infrastructure and healthcare facilities in the region, increasing health expenditure, presence of a high proportion of patients or an increased number of hospitals are foreseen to drive market growth during the forecast period.

Need Customized Report as per Your Business Requirement Ask Here @

Key Takeaway from Medication Management Market Study-

Market developments: Due to factors such as the ageing population, increased emphasis on patient outcomes and reduction of medication errors, the Medication Management System market was growing steadily.

Hospitals and Healthcare Facilities: Hospitals and long-term care facilities were the main users of Medication Management Systems, which helped healthcare providers streamline medication administration while decreasing errors and increasing patient safety.

Recent Development Related to Medication Management Market -

In February 2023, Omnicell Inc. is joining forces with Amazon Web Services AWS to provide hospitals and health systems across the United States with its cloud basedMMS solution, OmniRx.

In April 2023, MEDITECH's medication management solution, the MMMSSP is launching an all-encompassing platform with functionalities such as electronic records of drug administration, reconciling medications and alerts.

In July 2022, BD (Becton, Dickinson and Company) announced it had completed the acquisition of Parata Systems. Parata advances BD's transformative solutions strategy by offering a portfolio of innovative pharmacy automation solutions that power a growing network of pharmacies to lessen costs, increase patient safety and enhance the patient experience for retail.

Buy Medication Management Market Report @

Table of Contents
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2.Research Methodology
3.Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4.Impact Analysis
5.Value Chain Analysis
6.Porter's 5 forces model
7.PEST Analysis
8.Medication Management Market Segmentation, By Software
8.1 Computerized Physician Order Entry
8.2 Clinical Decision Support System
8.3 Administration Software
8.4 Inventory Management
8.5 Automated Dispensing Systems (ADS)
8.6 Assurance System Software
9.Medication Management Market Segmentation, By Services
9.1 Medication Analytics
9.2 Point-of-Care Verification
9.3 ADE Surveillance
Medication Management Market Segmentation, By End-users
10.1 Hospitals
10.2 Pharmacy
10.3 Others
Medication Management Market Segmentation, By Mode of Delivery
11.1 On-premises
11.2 Cloud-based
13.Regional Analysis
14.Company Profiles
15.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments

Access Complete Report Details with Toc and Graphs@

Contact Us
Akash Anand - Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medication Management Market to surpass USD 5.62 billion by 2030 owing to the reform of the healthcare system includes the provision of medication management services. here

News-ID: 3382898 • Views:

More Releases from SNS Insider Pvt Ltd

Automotive Digital Cockpit Market Size is Predicted to Grow USD 29.14 billion by 2031 Due to Rise of Mobile Services
Automotive Digital Cockpit Market Size is Predicted to Grow USD 29.14 billion by …
Automotive Digital Cockpit Market Overview: The SNS Insider report indicates that the Automotive Digital Cockpit Market was valued at  USD 15.98 billion in 2023, and it is projected to achieve a market size of USD 29.14 Billion by 2031 with a compound annual growth rate CAGR of 7.87% expected over the forecast period from 2023 to 2030. The automotive digital cockpit market indeed continues to witness significant growth, driven by advancements in technology and
Semi-Autonomous Vehicle Market Hits $113.76 Million by 2030
Semi-Autonomous Vehicle Market Hits $113.76 Million by 2030
The SNS Insider report indicates that the 𝐒𝐞𝐦𝐢-𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at US$ 24.27 million in 2022, and it is projected to achieve a market size of 𝐔𝐒$ 𝟏𝟏𝟑.𝟕𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, with a compound annual growth rate (CAGR) of 21.3% expected over the forecast period from 2023 to 2030. 𝐀 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐜𝐨𝐩𝐞: As technology continues to advance, the capabilities of autonomous and semi-autonomous vehicles are expected to improve
Heart Failure POC & LOC Devices Market Worth US$ 286.42 Million by 2030
Heart Failure POC & LOC Devices Market Worth US$ 286.42 Million by 2030
Heart Failure POC & LOC Devices Market Report Scope & Overview According to SNS Insider's analysis, the allure of miniaturization combined with its potential to revolutionize disease diagnosis through cost-efficiency, simplicity in operation, and analytical capabilities is a standout feature of lab-on-chip (LOC) technology. Driving the market forward will be the dynamic landscape of research and development endeavors focused on pioneering novel LOC tests tailored for the detection of cardiovascular disease
Regenerative Medicine Market Size, Share, Segmentation, Opportunities & Industry forecast by 2030
Regenerative Medicine Market Size, Share, Segmentation, Opportunities & Industry …
Regenerative Medicine Market Sizing According to the SNS Insider Report, the market size of Regenerative Medicine was assessed at US$ 25.65 Bn in 2022, with projections pointing towards a growth to US$ 90.13 Bn by 2030. This signifies a compound annual growth rate (CAGR) of 17.01% during the forecast period from 2023 to 2030 Regenerative Medicine Market Report Scope The Regenerative Medicine Market Report is comprehensive analysis of the global market for

All 5 Releases

More Releases for Med

Fetal Monitor Transducer market: New Prospects to Emerge by 2028 | Unimed Medica …
" The Fetal Monitor Transducer global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key
MARIETTA, GEORGIA- APRIL 29, 2019- CAS MED SPA is excited to announce its CoolSculpting service, as well as a money saving promotional code. Available on their website at, patients can save $200 off their treatment. Going on through SPRING 2019, CAS MED SPA offers their best deal ever, up to $1500 with the purchase of six or more treatments! CoolSculpting is a revolutionary way to eliminate body fat. Unlike liposuction
EuropeSpa med quality standards published in book form
Internationally valid quality and safety criteria for health and medical wellness listed in a comprehensive compendium Stuttgart/Wiesbaden, 3 September 2012 | The European Spas Association has published the EuropeSpa med criteria for medical spas and medical wellness providers. The book Quality Standard for Medical Spas and Medical Wellness Providers in Europe was unveiled today by publishing house Schweizerbart Verlag ( in Stuttgart. For the first time, this compendium sets out about
Nano Med Tech Hires Stateside Sales Team
Nano Med Tech, a newly emerging leader in nano-technological cancer research and treatment, announced that its sales team for America is in place and that stateside medical marketing will commence, soon. With a Commercial Director and eight account managers in place, Nano Med Tech will now seek to make its technology available in medical institutions throughout the United States. The organization has received USFDA approval for several patented medical devices, which utilize advanced
Nano Med Tech Announces Launch of New Website
Nano Med Tech, which has rapidly expanded its operations in the wake of recent progress in the area of malignant cell targeting, is pleased to announce the launch of its new website. The organization, which is on the cutting edge of nano-technology research and application, has officially launched its redesigned and updated website. “While it took awhile to get a product we were ultimately happy with, we couldn’t be
Med Yones to Give Keynote at Geneva Conference
June 16, 2009 - Geneva, Switzerland, Med Yones, the renowned economic expert who predicted the global economic crisis, will give a keynote speech at the 10th Family Investment Workshop taking place on June 23 & 24 in Geneva. The workshop provides an exclusive forum for world's leading families. This year's conference will address the new global investment environment and the changing world order. Mr. Yones will speak about investment best