Global Medication Therapy Management Market Growth (Status and Outlook) 2023-2029

Global Medication Therapy Management Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Medication Therapy Management Industry Forecast” looks at past sales and reviews total world Medication Therapy Management sales in 2022, providing a comprehensive analysis by region and market sector of projected Medication Therapy Management sales for 2023 through 2029. With Medication Therapy Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medication Therapy Management industry.
This Insight Report provides a comprehensive analysis of the global Medication Therapy Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medication Therapy Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medication Therapy Management market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medication Therapy Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medication Therapy Management.
The global Medication Therapy Management market size is projected to grow from US$ 107.2 million in 2022 to US$ 225.5 million in 2029; it is expected to grow at a CAGR of 11.2% from 2023 to 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.
This report presents a comprehensive overview, market shares, and growth opportunities of Medication Therapy Management market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Inhouse Medication Therapy Management
Outhouse Medication Therapy Management
Segmentation by application
Medicalcare Plans
Self-paying Patients
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cardinal Health
TabularRasa
WellCare

Please note: The report will take approximately 2 business days to prepare and deliver.