Medication Management System Market Report: Trends, Forecast and Competitive Analysis to 2030

Medication Management System Market Report: Trends, Forecast and Competitive Analysis to 2030

Medication Management System Trends and Forecast

The future of the global medication management system market looks promising with opportunities in the hospital and pharmacy markets. The global medication management system market is expected to reach an estimated $7.0 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are increasing investment by hospitals to improve workflow, rapid development in medical technology, and growing focus on reducing medication errors.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Medication Management System by Segment

The study includes a forecast for the global medication management system by software, services, mode of delivery, end use, and region.

Medication Management System Market by Software [Shipment Analysis by Value from 2018 to 2030]:

• Computerized Physician Order
• Clinical Decision Support System Solutions
• Inventory Management Software
• Administration Software
• Automated Dispensing Systems
• Assurance System Software
• Others

Medication Management System Market by Services [Shipment Analysis by Value from 2018 to 2030]:

• Medication Analytics
• Point-Of-Care Verification
• Ade Surveillance

Medication Management System Market by Mode of Delivery [Shipment Analysis by Value from 2018 to 2030]:

• On-Premises
• Web-Based
• Cloud-Based

Medication Management System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Pharmacy
• Others

Medication Management System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medication Management System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medication management system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medication management system companies profiled in this report include-

• Allscripts
• Becton
• Dickinson and Company (CareFusion)
• GE Healthcare
• Talyst
• McKesson
• Cerner

Medication Management System Market Insights

Lucintel forecasts that cloud-based solution will remain the largest segment over the forecast period because many companies are creating cloud-based deployment solutions to facilitate information exchange with stakeholders and clients, and easy access to information in remote locations using such solutions.

North America is expected to witness highest growth over the forecast period due to rising prevalence in the healthcare sector, technological progress, the rise of infections and chronic conditions, and the increase in prescriptions in the area.

Features of the Global Medication Management System Market

Market Size Estimates: Medication management system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medication management system market size by software, services, mode of delivery, end use, and region in terms of value ($B).

Regional Analysis: Medication management system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different software, services, mode of delivery, end use, and regions for the medication management system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medication management system market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the medication management system market size?

Answer: The global medication management system market is expected to reach an estimated $7.0 billion by 2030.

Q2. What is the growth forecast for medication management system market?

Answer: The global medication management system market is expected to grow with a CAGR of 15.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the medication management system market?

Answer: The major drivers for this market are increasing investment by hospitals to improve workflow, rapid development in medical technology, and growing focus on reducing medication errors.

Q4. What are the major segments for medication management system market?

Answer: The future of the global medication management system market looks promising with opportunities in the hospital and pharmacy markets.

Q5. Who are the key medication management system market companies?

Answer: Some of the key medication management system companies are as follows:

• Allscripts
• Becton
• Dickinson and Company (CareFusion)
• GE Healthcare
• Talyst
• McKesson
• Cerner

Q6. Which medication management system market segment will be the largest in future?

Answer: Lucintel forecasts that cloud-based solution will remain the largest segment over the forecast period because many companies are creating cloud-based deployment solutions to facilitate information exchange with stakeholders and clients, and easy access to information in remote locations using such solutions.

Q7. In medication management system market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising prevalence in the healthcare sector, technological progress, the rise of infections and chronic conditions, and the increase in prescriptions in the area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the medication management system market by software (computerized physician order, clinical decision support system solutions, inventory management software, administration software, automated dispensing systems, assurance system software, and others), services (medication analytics, point-of-care verification, and ADE surveillance), mode of delivery (on-premises, web-based, and cloud-based), end use (hospitals, pharmacy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?