Medication Therapy Management Industry Research Report 2023

Medication Therapy Management Industry Research Report 2023


Medication therapy management, generally called medicine use review in the United kingdom, is a service provided typically by pharmacists that aims to improve outcomes by helping people to better understand their health conditions and the medications used to manage them. This includes providing education on the disease state and medications used to treat the disease state, ensuring that medicines are taken correctly, reducing waste due to unused medicines, looking for any side effects, and providing education on how to manage any side effects. The process that can be broken down into five steps: medication therapy review, personal medication record, medication-related action plan, intervention and or referral, and documentation and follow-up.

Highlights

The global Medication Therapy Management market is projected to reach US$ million by 2029 from an estimated US$ million in 2023, at a CAGR of % during 2024 and 2029.
The global Medication Therapy Management market, by type is segmented into Inhouse and Outhouse. In 2019, outhouse had the largest market share of about 65%, while inhouse had a market share of approximately 35%.
Cardinal Health, TabularRasa and WellCare, etc. are the leaders of the industry. The top 3 manufacturers achieved a total market share of over 42% in 2019.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Medication Therapy Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medication Therapy Management.
The Medication Therapy Management market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Medication Therapy Management market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Medication Therapy Management companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights


In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Cardinal Health
TabularRasa
WellCare

Product Type Insights

Global markets are presented by Medication Therapy Management type, along with growth forecasts through 2029. Estimates on revenue are based on the price in the supply chain at which the Medication Therapy Management are procured by the companies.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).
Medication Therapy Management segment by Type

Inhouse Medication Therapy Management
Outhouse Medication Therapy Management

Application Insights

This report has provided the market size (revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
This report also outlines the market trends of each segment and consumer behaviors impacting the Medication Therapy Management market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Medication Therapy Management market.
Medication Therapy Management Segment by Application

Medicalcare Plans
Self-paying Patients

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue data of each region and country for the period 2018-2029.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast revenue for 2029.

North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Medication Therapy Management market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Medication Therapy Management market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Medication Therapy Management and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Medication Therapy Management industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Medication Therapy Management.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Medication Therapy Management companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.

Frequently Asked Questions

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1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Medication Therapy Management by Type
2.2.1 Market Value Comparison by Type (2018 VS 2022 VS 2029)
1.2.2 Inhouse Medication Therapy Management
1.2.3 Outhouse Medication Therapy Management
2.3 Medication Therapy Management by Application
2.3.1 Market Value Comparison by Application (2018 VS 2022 VS 2029)
2.3.2 Medicalcare Plans
2.3.3 Self-paying Patients
2.4 Assumptions and Limitations
3 Medication Therapy Management Breakdown Data by Type
3.1 Global Medication Therapy Management Historic Market Size by Type (2018-2023)
3.2 Global Medication Therapy Management Forecasted Market Size by Type (2023-2028)
4 Medication Therapy Management Breakdown Data by Application
4.1 Global Medication Therapy Management Historic Market Size by Application (2018-2023)
4.2 Global Medication Therapy Management Forecasted Market Size by Application (2018-2023)
5 Global Growth Trends
5.1 Global Medication Therapy Management Market Perspective (2018-2029)
5.2 Global Medication Therapy Management Growth Trends by Region
5.2.1 Global Medication Therapy Management Market Size by Region: 2018 VS 2022 VS 2029
5.2.2 Medication Therapy Management Historic Market Size by Region (2018-2023)
5.2.3 Medication Therapy Management Forecasted Market Size by Region (2024-2029)
5.3 Medication Therapy Management Market Dynamics
5.3.1 Medication Therapy Management Industry Trends
5.3.2 Medication Therapy Management Market Drivers
5.3.3 Medication Therapy Management Market Challenges
5.3.4 Medication Therapy Management Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Medication Therapy Management Players by Revenue
6.1.1 Global Top Medication Therapy Management Players by Revenue (2018-2023)
6.1.2 Global Medication Therapy Management Revenue Market Share by Players (2018-2023)
6.2 Global Medication Therapy Management Industry Players Ranking, 2021 VS 2022 VS 2023
6.3 Global Key Players of Medication Therapy Management Head office and Area Served
6.4 Global Medication Therapy Management Players, Product Type & Application
6.5 Global Medication Therapy Management Players, Date of Enter into This Industry
6.6 Global Medication Therapy Management Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Medication Therapy Management Market Size (2018-2029)
7.2 North America Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 North America Medication Therapy Management Market Size by Country (2018-2023)
7.4 North America Medication Therapy Management Market Size by Country (2024-2029)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Medication Therapy Management Market Size (2018-2029)
8.2 Europe Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029
8.3 Europe Medication Therapy Management Market Size by Country (2018-2023)
8.4 Europe Medication Therapy Management Market Size by Country (2024-2029)
7.4 Germany
7.5 France
7.6 U.K.
7.7 Italy
7.8 Russia
7.9 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Medication Therapy Management Market Size (2018-2029)
9.2 Asia-Pacific Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Asia-Pacific Medication Therapy Management Market Size by Country (2018-2023)
9.4 Asia-Pacific Medication Therapy Management Market Size by Country (2024-2029)
8.4 China
8.5 Japan
8.6 South Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
10 Latin America
10.1 Latin America Medication Therapy Management Market Size (2018-2029)
10.2 Latin America Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Latin America Medication Therapy Management Market Size by Country (2018-2023)
10.4 Latin America Medication Therapy Management Market Size by Country (2024-2029)
9.4 Mexico
9.5 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Medication Therapy Management Market Size (2018-2029)
11.2 Middle East & Africa Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029
11.3 Middle East & Africa Medication Therapy Management Market Size by Country (2018-2023)
11.4 Middle East & Africa Medication Therapy Management Market Size by Country (2024-2029)
10.4 Turkey
10.5 Saudi Arabia
10.6 UAE
12 Players Profiled
11.1 Cardinal Health
11.1.1 Cardinal Health Company Detail
11.1.2 Cardinal Health Business Overview
11.1.3 Cardinal Health Medication Therapy Management Introduction
11.1.4 Cardinal Health Revenue in Medication Therapy Management Business (2017-2022)
11.1.5 Cardinal Health Recent Development
11.2 TabularRasa
11.2.1 TabularRasa Company Detail
11.2.2 TabularRasa Business Overview
11.2.3 TabularRasa Medication Therapy Management Introduction
11.2.4 TabularRasa Revenue in Medication Therapy Management Business (2017-2022)
11.2.5 TabularRasa Recent Development
11.3 WellCare
11.3.1 WellCare Company Detail
11.3.2 WellCare Business Overview
11.3.3 WellCare Medication Therapy Management Introduction
11.3.4 WellCare Revenue in Medication Therapy Management Business (2017-2022)
11.3.5 WellCare Recent Development
13 Report Conclusion
14 Disclaimer
List of Tables
Table 1. Secondary Sources
Table 2. Primary Sources
Table 3. Market Value Comparison by Type (2018 VS 2022 VS 2029) & (US$ Million)
Table 4. Market Value Comparison by Application (2018 VS 2022 VS 2029) & (US$ Million)
Table 5. Global Medication Therapy Management Market Size by Type (2018-2023) & (US$ Million)
Table 6. Global Medication Therapy Management Revenue Market Share by Type (2018-2023)
Table 7. Global Medication Therapy Management Forecasted Market Size by Type (2024-2029) & (US$ Million)
Table 8. Global Medication Therapy Management Revenue Market Share by Type (2024-2029)
Table 9. Global Medication Therapy Management Market Size by Application (2018-2023) & (US$ Million)
Table 10. Global Medication Therapy Management Revenue Market Share by Application (2018-2023)
Table 11. Global Medication Therapy Management Forecasted Market Size by Application (2024-2029) & (US$ Million)
Table 12. Global Medication Therapy Management Revenue Market Share by Application (2024-2029)
Table 13. Global Medication Therapy Management Market Size by Region (US$ Million): 2018 VS 2022 VS 2029
Table 14. Global Medication Therapy Management Market Size by Region (2018-2023) & (US$ Million)
Table 15. Global Medication Therapy Management Market Share by Region (2018-2023)
Table 16. Global Medication Therapy Management Forecasted Market Size by Region (2024-2029) & (US$ Million)
Table 17. Global Medication Therapy Management Market Share by Region (2024-2029)
Table 18. Medication Therapy Management Market Trends
Table 19. Medication Therapy Management Market Drivers
Table 20. Medication Therapy Management Market Challenges
Table 21. Medication Therapy Management Market Restraints
Table 22. Global Top Medication Therapy Management Manufacturers by Revenue (US$ Million) & (2018-2023)
Table 23. Global Medication Therapy Management Revenue Market Share by Manufacturers (2018-2023)
Table 24. Global Medication Therapy Management Industry Manufacturers Ranking, 2021 VS 2022 VS 2023
Table 25. Global Key Players of Medication Therapy Management, Headquarters and Area Served
Table 26. Global Medication Therapy Management Manufacturers, Product Type & Application
Table 27. Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 28. Global Medication Therapy Management by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue of 2022)
Table 29. Manufacturers Mergers & Acquisitions, Expansion Plans
Table 30. North America Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 31. North America Medication Therapy Management Market Size by Country (2018-2023) & (US$ Million)
Table 32. North America Medication Therapy Management Market Size by Country (2024-2029) & (US$ Million)
Table 33. Europe Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 34. Europe Medication Therapy Management Market Size by Country (2018-2023) & (US$ Million)
Table 35. Europe Medication Therapy Management Market Size by Country (2024-2029) & (US$ Million)
Table 36. Asia-Pacific Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 37. Asia-Pacific Medication Therapy Management Market Size by Country (2018-2023) & (US$ Million)
Table 38. Asia-Pacific Medication Therapy Management Market Size by Country (2024-2029) & (US$ Million)
Table 39. Latin America Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 40. Latin America Medication Therapy Management Market Size by Country (2018-2023) & (US$ Million)
Table 41. Latin America Medication Therapy Management Market Size by Country (2024-2029) & (US$ Million)
Table 42. Middle East & Africa Medication Therapy Management Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 43. Middle East & Africa Medication Therapy Management Market Size by Country (2018-2023) & (US$ Million)
Table 44. Middle East & Africa Medication Therapy Management Market Size by Country (2024-2029) & (US$ Million)
Table 45. Cardinal Health Company Detail
Table 46. Cardinal Health Business Overview
Table 47. Cardinal Health Medication Therapy Management Product
Table 48. Cardinal Health Revenue in Medication Therapy Management Business (2017-2022) & (US$ Million)
Table 49. Cardinal Health Recent Development
Table 50. TabularRasa Company Detail
Table 51. TabularRasa Business Overview
Table 52. TabularRasa Medication Therapy Management Product
Table 53. TabularRasa Revenue in Medication Therapy Management Business (2017-2022) & (US$ Million)
Table 54. TabularRasa Recent Development
Table 55. WellCare Company Detail
Table 56. WellCare Business Overview
Table 57. WellCare Medication Therapy Management Product
Table 58. WellCare Revenue in Medication Therapy Management Business (2017-2022) & (US$ Million)
Table 59. WellCare Recent Development
Table 60. Cardinal Health Company Information
Table 61. Cardinal Health Business Overview
Table 62. Cardinal Health Medication Therapy Management Revenue in Medication Therapy Management Business (2018-2023) & (US$ Million)
Table 63. Cardinal Health Revenue in Medication Therapy Management Business (2018-2023) & (US$ Million) Portfolio
Table 64. Cardinal Health Recent Development
Table 65. TabularRasa Company Information
Table 66. TabularRasa Business Overview
Table 67. TabularRasa Medication Therapy Management Revenue in Medication Therapy Management Business (2018-2023) & (US$ Million)
Table 68. TabularRasa Revenue in Medication Therapy Management Business (2018-2023) & (US$ Million) Portfolio
Table 69. TabularRasa Recent Development
Table 70. WellCare Company Information
Table 71. WellCare Business Overview
Table 72. WellCare Medication Therapy Management Revenue in Medication Therapy Management Business (2018-2023) & (US$ Million)
Table 73. WellCare Revenue in Medication Therapy Management Business (2018-2023) & (US$ Million) Portfolio
Table 74. WellCare Recent Development
Table 75. Authors List of This Report
List of Figures
Figure 1. Research Methodology
Figure 2. Research Process
Figure 3. Key Executives Interviewed
Figure 4. Medication Therapy Management Product Picture
Figure 5. Global Medication Therapy Management Market Size Comparison by Type (2023-2029) & (US$ Million)
Figure 6. Global Medication Therapy Management Market Share by Type: 2022 VS 2029
Figure 7. Inhouse Medication Therapy Management Product Picture
Figure 8. Outhouse Medication Therapy Management Product Picture
Figure 9. Global Medication Therapy Management Market Size by Application (2023-2029) & (US$ Million)
Figure 10. Global Medication Therapy Management Market Share by Application: 2022 VS 2029
Figure 11. Medicalcare Plans Product Picture
Figure 12. Self-paying Patients Product Picture
Figure 13. Global Medication Therapy Management Market Size (US$ Million), Year-over-Year: 2018-2029
Figure 14. Global Medication Therapy Management Market Size, (US$ Million), 2018 VS 2022 VS 2029
Figure 15. Global Medication Therapy Management Market Share by Region: 2022 VS 2029
Figure 16. Global Medication Therapy Management Market Share by Players in 2022
Figure 17. Global Medication Therapy Management Players, Date of Enter into This Industry
Figure 18. Global Top 5 and 10 Medication Therapy Management Players Market Share by Revenue in 2022
Figure 19. Players Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2022
Figure 20. North America Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 21. North America Medication Therapy Management Market Share by Country (2018-2029)
Figure 22. United States Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 23. Canada Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 24. Europe Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 25. Europe Medication Therapy Management Market Share by Country (2018-2029)
Figure 26. Germany Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 27. France Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 28. U.K. Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 29. Italy Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 30. Russia Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 31. Nordic Countries Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 32. Asia-Pacific Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 33. Asia-Pacific Medication Therapy Management Market Share by Country (2018-2029)
Figure 34. China Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 35. Japan Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 36. South Korea Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 37. Southeast Asia Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 38. India Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 39. Australia Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 40. Latin America Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 41. Latin America Medication Therapy Management Market Share by Country (2018-2029)
Figure 42. Mexico Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 43. Brazil Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 44. Middle East & Africa Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 45. Middle East & Africa Medication Therapy Management Market Share by Country (2018-2029)
Figure 46. Turkey Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 47. Saudi Arabia Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 48. UAE Medication Therapy Management Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 49. Cardinal Health Revenue Growth Rate in Medication Therapy Management Business (2018-2023)
Figure 50. TabularRasa Revenue Growth Rate in Medication Therapy Management Business (2018-2023)
Figure 51. WellCare Revenue Growth Rate in Medication Therapy Management Business (2018-2023)

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