Global Medication Management Market Size, Share, Development, Growth and Demand Forecast to 2020

  • ID: 3978119
  • Report
  • Region: Global
  • 122 pages
  • P&S Market Research
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The global medication management market accounted $1,076.5 million revenue in 2014, and it is expected to grow at a CAGR of 26.1% during 2015-2020. Among the various software types, the CDSS segment is expected to witness the fastest growth during the forecast period, at a CAGR of 30.8%. The global medication management market is growing at a significant rate, due to growing demand for advanced healthcare information system and growing investments by HIT players.

Medication is involved in the treatment of medical conditions and impacts every aspect of the patient's life. Medication errors are the second most common type of medical events reported in healthcare facilities. Among all the medication errors, medicine omission or overdose occurs most frequently. The reduction of all medication errors would significantly improve patient safety and facilitate quality use of medicines.

Medication management systems enable the accomplishment of prescribing, supply and administration of medicines electronically. These systems regulate functions of the entire hospital medication procedures, including medicine prescribing by doctors, dispensing of medication by pharmacists, and administration of medicines by nurses. In addition, these systems reduce medication errors through improved prescription legibility and appropriate dosage calculations.

In addition, the growing need for remote patient monitoring services, increasing demand of mHealth technologies and increasing support from government organizations are also driving the growth of the global medication management market.

As per the United Nations Department of Economic and Social Affairs (UN-DESA) report on the global aging population, the population of people aged 60 years or above is growing with high rate. The number increased from a global share of 9.2% in 1990 to 11.7% in 2013, and is expected to reach 21.1% by the end of 2050.

The restraints associated with the growth of the global medication management market include privacy and security issues; high capital expenditure and maintenance requirement; and inadequate healthcare infrastructure in developing economies. The tradition of online shopping for the medication management aids and increasing popularity of medication management systems in home healthcare are the key trends observed in the global medication management market.

Geographically, North America is expected to maintain dominance in the global market of medication management during 2015-2020. This is due to improved healthcare infrastructure, increased healthcare spends, growing geriatric population, and growing prevalence of chronic and lifestyle associated diseases. In addition, the increased awareness about innovative and advanced applications of CDSS and CPOE are also supporting the growth of the medication management market in North America.

The European medication management market is growing, mainly due to growing aging population, increasing prevalence of chronic diseases, and growing demand for mHealth technologies. However, the Asian market of medication management is expected to witness the highest growth globally, during the forecast period. This is due to growing geriatric population and upsurge in the occurrence rate of different chronic diseases. Additionally, the increased patient demand and increasing life expectancy are likely to increase IT investments in the healthcare industry in the region.

Some of the key companies operating in the global medication management market include Cerner Corporation, General Electric Company, McKesson Corporation, QUALCOMM Incorporated, Allscripts Healthcare Solutions Inc., Becton Dickinson and Company, Siemens AG, and Epic Systems Corporation.
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1. Research Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.3.1 Market Breakdown By Software
1.3.2 Market Breakdown By Service
1.3.3 Market Breakdown By End User
1.3.4 Market Breakdown By Mode Of Delivery
1.3.5 Market Breakdown By Geography
1.4 Research Methodology And Sources

2. Executive Summary
2.1 Key Findings
2.2 Research Summary

3. Market Outlook
3.1 Introduction
3.1.1 Applications Of Medication Management System
3.2 Trends In The Medication Management Market
3.2.1 Growing Online Retailing Of Medication Management Aids
3.2.2 Increasing Popularity Of Medication Management System And Software In Healthcare Facilities
3.3 Opportunities In The Medication Management Market
3.3.1 Massive Unexplored Medication Management Market Across The Globe
3.4 Factors Driving The Growth Of Market And Its Impact On Market Forecast
3.4.1 Growing Demand For Advanced Healthcare System
3.4.2 Growing Investments By Hit Players
3.4.3 Growing Need For Remote Patient Monitoring Services
3.4.4 Growing Demand For Mhealth Technologies
3.4.5 Increasing Support From Government Organizations
3.4.6 Impact Analysis Of Drivers On Market Forecast
3.5 Factors Hindering The Market And Its Impact On Market Forecast
3.5.1 High Capital Expenditure And Maintenance Requirement
3.5.2 Privacy And Security Issues
3.5.3 Inadequate Healthcare Infrastructure In Developing Economies
3.5.4 Impact Analysis Of Restraints On Market Forecast

4. Global Medication Management Market And Forecast (2011-2020)
4.1 Global Medication Management Market, By Software
4.2 Global Medication Management Market, By Services
4.3 Global Medication Management Market, By End User
4.4 Global Medication Management Market, By Mode Of Delivery
4.5 Global Medication Management Market, By Geography

5. Global Medication Management Market, By Software
5.1 Computerized Physician Order Entry (Cpoe) Market
5.2 Clinical Decision Support System (Cdss) Market
5.3 Medication Administration Software Market
5.4 Inventory Management System Market
5.5 Automated Dispensing System (Ads) Market

6. Global Medication Management Market, By Services
6.1 Medication Analytics Market
6.2 Point-Of-Care Verification (Poc) Market
6.3 Adverse Drug Event (Ade) Surveillance Market

7. Global Medication Management Market, By End User
7.1 Hospital Medication Management Systems Market
7.2 Pharmacy Medication Management Market

8. Global Medication Management Market, By Mode Of Delivery
8.1 Web-Based Medication Management Market
8.2 On-Premises Medication Management Market
8.3 Cloud-Based Medication Management Market

9. Global Medication Management Market, By Geography
9.1 North America Medication Management Market
9.1.1 North America Medication Management Market, By Country
9.1.2 North America Medication Management Market, By Software
9.1.3 North America Medication Management Market, By Services
9.1.4 North America Medication Management Market, By End User
9.1.5 North America Medication Management Market, By Mode Of Delivery
9.2 Europe Medication Management Market
9.2.1 Europe Medication Management Market, By Country
9.2.2 Europe Medication Management Market, By Software
9.2.3 Europe Medication Management Market, By Services
9.2.4 Europe Medication Management Market, By End User
9.2.5 Europe Medication Management Market, By Mode Of Delivery
9.3 Asia Medication Management Market
9.3.1 Asia Medication Management Market, By Country
9.3.2 Asia Medication Management Market, By Software
9.3.3 Asia Medication Management Market, By Services
9.3.4 Asia Medication Management Market, By End User
9.3.5 Asia Medication Management Market, By Mode Of Delivery
9.4 Rest Of The World (Row) Medication Management Market
9.4.1 Row Medication Management Market, By Software
9.4.2 Row Medication Management Market, By Services
9.4.3 Row Medication Management Market, By End User
9.4.4 Row Medication Management Market, By Mode Of Delivery

10. Competitive Analysis

11. Porter’S Five Forces Of Competitive Position Analysis
11.1 Bargaining Power Of Buyers
11.2 Bargaining Power Of Suppliers
11.3 Threat Of New Entrants
11.4 Intensity Of Rivalry
11.5 Threat Of Substitutes
11.6 Competitive Positioning Of Key Players

12. Company Profiles And Strategic Developments
12.1 Key Company Profiles
12.1.1 Cerner Corporation
12.1.1.1 Business Overview
12.1.1.2 Product And Service Offerings
12.1.2 General Electric Company
12.1.2.1 Business Overview
12.1.2.2 Product And Service Offerings
12.1.3 Mckesson Corporation
12.1.3.1 Business Overview
12.1.3.2 Product And Service Offerings
12.1.4 Qualcomm Incorporated
12.1.4.1 Business Overview
12.1.4.2 Product And Service Offerings
12.1.5 Allscripts Healthcare Solutions Inc.
12.1.5.1 Business Overview
12.1.5.2 Product And Service Offerings
12.1.6 Becton, Dickinson And Company
12.1.6.1 Business Overview
12.1.6.2 Product And Service Offerings
12.1.7 Siemens Ag
12.1.7.1 Business Overview
12.1.7.2 Product And Service Offerings
12.1.8 Epic Systems Corporation
12.1.8.1 Business Overview
12.1.8.2 Product And Service Offerings
12.2 Strategic Developments In The Global Medication Management Market

13. Appendix
13.1 List Of Abbreviations

List Of Tables
Table 1 Specific Primary And Secondary Sources Used For This Publication
Table 2 Market Snapshot
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global Medication Management Market, By Software, $M (2011-2014)
Table 6 Global Medication Management Market, By Software, $M (2015-2020)
Table 7 Global Medication Management Market, By Services, $M (2011-2014)
Table 8 Global Medication Management Market, By Services, $M (2015-2020)
Table 9 Global Medication Management Market, By End User, $M (2011-2014)
Table 10 Global Medication Management Market, By End-User, $M (2015-2020)
Table 11 Global Medication Management Market, By Mode Of Delivery, $M (2011-2014)
Table 12 Global Medication Management Market, By Mode Of Delivery, $M (2015-2020)
Table 13 Global Medication Management Market, By Geography, $M (2011-2014)
Table 14 Global Medication Management Market, By Geography, $M (2015-2020)
Table 15 Global Cpoe Market, By Geography, $M (2011-2014)
Table 16 Global Cpoe Market, By Geography, $M (2015-2020)
Table 17 Global Cdss Market, By Geography, $M (2011-2014)
Table 18 Global Cdss Market, By Geography, $M (2015-2020)
Table 19 Global Medication Administration Software Market, By Geography, $M (2011-2014)
Table 20 Global Medication Administration Software Market, By Geography, $M (2015-2020)
Table 21 Global Inventory Management System Market, By Geography, $M (2011-2014)
Table 22 Global Inventory Management System Market, By Geography, $M (2015-2020)
Table 23 Global Ads Market, By Geography, $M (2011-2014)
Table 24 Global Ads Market, By Geography, $M (2015-2020)
Table 25 Global Medication Management Analytics Market, By Geography, $M (2011-2014)
Table 26 Global Medication Management Analytics Market, By Geography, $M (2015-2020)
Table 27 Global Poc Verification Market, By Geography, $M (2011-2014)
Table 28 Global Poc Verification Market, By Geography, $M (2015-2020)
Table 29 Global Ade Surveillance Market, By Geography, $M (2011-2014)
Table 30 Global Ade Surveillance Market, By Geography, $M (2015-2020)
Table 31 Global Hospital Medication Management Market, By Geography, $M (2011-2014)
Table 32 Global Hospital Medication Management Market, By Geography, $M (2015-2020)
Table 33 Global Pharmacy Medication Management Market, By Geography, $M (2011-2014)
Table 34 Global Pharmacy Medication Management Market, By Geography, $M (2015-2020)
Table 35 Global Web-Based Medication Management Market, By Geography, $M (2011-2014)
Table 36 Global Web- Based Medication Management Market, By Geography, $M (2015-2020)
Table 37 Global On-Premises Medication Management Market, By Geography, $M (2011-2014)
Table 38 Global On-Premises Medication Management Market, By Geography, $M (2015-2020)
Table 39 Global Cloud-Based Medication Management Market, By Geography, $M (2011-2014)
Table 40 Global Cloud-Based Medication Management Market, By Geography, $M (2015-2020)
Table 41 North America Medication Management Market, By Country, $M (2011-2014)
Table 42 North America Medication Management Market, By Country, $M (2015-2020)
Table 43 North America Medication Management Market, By Software, $M (2011-2014)
Table 44 North America Medication Management Market, By Software, $M (2015-2020)
Table 45 North America Medication Management Market, By Services, $M (2011-2014)
Table 46 North America Medication Management Market, By Services, $M (2015-2020)
Table 47 North America Medication Management Market, By End User, $M (2011-2014)
Table 48 North America Medication Management Market, By End-User, $M (2015-2020)
Table 49 North America Medication Management Market, By Mode Of Delivery, $M (2011-2014)
Table 50 North America Medication Management Market, By Mode Of Delivery, $M (2015-2020)
Table 51 Europe Medication Management Market, By Country, $M (2011-2014)
Table 52 Europe Medication Management Market, By Country, $M (2015-2020)
Table 53 Europe Medication Management Market, By Software, $M (2011-2014)
Table 54 Europe Medication Management Market, By Software, $M (2015-2020)
Table 55 Europe Medication Management Market, By Services, $M (2011-2014)
Table 56 Europe Medication Management Market, By Services, $M (2015-2020)
Table 57 Europe Medication Management Market, By End User, $M (2011-2014)
Table 58 Europe Medication Management Market, By End-User, $M (2015-2020)
Table 59 Europe Medication Management Market, By Mode Of Delivery, $M (2011-2014)
Table 60 Europe Medication Management Market, By Mode Of Delivery, $M (2015-2020)
Table 61 Asia Medication Management Market, By Country, $M (2011-2014)
Table 62 Asia Medication Management Market, By Country, $M (2015-2020)
Table 63 Asia Medication Management Market, By Software, $M (2011-2014)
Table 64 Asia Medication Management Market, By Software, $M (2015-2020)
Table 65 Asia Medication Management Market, By Services, $M (2011-2014)
Table 66 Asia Medication Management Market, By Services, $M (2015-2020)
Table 67 Asia Medication Management Market, By End User, $M (2011-2014)
Table 68 Asia Medication Management Market, By End-User, $M (2015-2020)
Table 69 Asia Medication Management Market, By Mode Of Delivery, $M (2011-2014)
Table 70 Asia Medication Management Market, By Mode Of Delivery, $M (2015-2020)
Table 71 Row Medication Management Market, By Software, $M (2011-2014)
Table 72 Row Medication Management Market, By Software, $M (2015-2020)
Table 73 Row Medication Management Market, By Services, $M (2011-2014)
Table 74 Row Medication Management Market, By Services, $M (2015-2020)
Table 75 Row Medication Management Market, By End User, $M (2011-2014)
Table 76 Row Medication Management Market, By End-User, $M (2015-2020)
Table 77 Row Medication Management Market, By Mode Of Delivery, $M (2011-2014)
Table 78 Row Medication Management Market, By Mode Of Delivery, $M (2015-2020)
Table 79 Cerner Corporation-Key Facts
Table 80 General Electric Company-Key Facts
Table 81 Mckesson Corporation-Key Facts
Table 82 Qualcomm Incorporated-Key Facts
Table 83 Allscripts Healthcare Solutions Inc.- Key Facts
Table 84 Becton, Dickinson And Company-Key Facts
Table 85 Siemens Ag-Key Facts
Table 86 Epic Systems Corporation.- Key Facts

List Of Figures
Fig 1 Research Scope Of Global Medication Management Market
Fig 2 Research Methodology For Global Medication Management Market
Fig 3 Major Applications Of Medication Management System
Fig 4 Aging Population As A Percentage Of Total Population In Major Countries
Fig 5 Major Categories Of Mhealth Applications And Medication Management
Fig 6 Global Medication Management Market, $M (2011-2020)
Fig 7 Global Medication Management Market, By Software, $M (2011-2020)
Fig 8 Global Medication Management Market, By Services, $M (2011-2020)
Fig 9 Global Medication Management Market Size, By End User, $M (2011-2020)
Fig 10 Global Medication Management Market, By Mode Of Delivery, $M (2011-2020)
Fig 11 Global Medication Management Market, By Geography, $M (2011-2020)
Fig 12 Global Medication Management Market Share, By Region (2014)
Fig 13 Global Cpoe Market Size By Geography, $M (2011-2020)
Fig 14 Global Cdss Market Size, By Geography, $M (2011-2020)
Fig 15 Global Medication Administration Software Market, By Geography, $M (2011-2020)
Fig 16 Global Inventory Management System Market, By Geography, $M (2011-2020)
Fig 17 Global Ads Market, By Geography, $M (2011-2020)
Fig 18 Global Medication Analytics Market, By Geography, $M (2011-2020)
Fig 19 Global Poc Verification Market, By Geography, $M (2011-2020)
Fig 20 Global Ade Surveillance Market, By Geography, $M (2011-2020)
Fig 21 Global Hospital Medication Management Market, By Geography, $M (2011-2020)
Fig 22 Global Pharmacy Medication Management Market, By Geography, $M (2011-2020)
Fig 23 Global Web-Based Medication Management Market, By Geography, $M (2011-2020)
Fig 24 Global On-Premises Medication Management Market, By Geography, $M (2011-2020)
Fig 25 Global Cloud-Based Medication Management Market, By Geography, $M (2011-2020)
Fig 26 Global Medication Management Market, By Major Country
Fig 27 North America Medication Management Market, By Country, $M (2011-2020)
Fig 28 North America Medication Management Market, By Software, $M (2011-2020)
Fig 29 North America Medication Management Market, By Services, $M (2011-2020)
Fig 30 North America Medication Management Market, By End User, $M (2011-2020)
Fig 31 North America Medication Management Market, By Mode Of Delivery, $M (2011-2020)
Fig 32 Europe Medication Management Market, By Country, $M (2011-2020)
Fig 33 Europe Medication Management Market, By Software, $M (2011-2020)
Fig 34 Europe Medication Management Market, By Services, $M (2011-2020)
Fig 35 Europe Medication Management Market, By End User, $M (2011-2020)
Fig 36 Europe Medication Management Market, By Mode Of Delivery, $M (2011-2020)
Fig 37 Asia Medication Management Market, By Country, $M (2011-2020)
Fig 38 Asia Medication Management Market, By Software, $M (2011-2020)
Fig 39 Asia Medication Management Market, By Services, $M (2011-2020)
Fig 40 Asia Medication Management Market, By End User, $M (2011-2020)
Fig 41 Asia Medication Management Market, By Mode Of Delivery, $M (2011-2020)
Fig 42 Row Medication Management Market, By Software, $M (2011-2020)
Fig 43 Row Medication Management Market, By Services, $M (2011-2020)
Fig 44 Row Medication Management Market, By End User, $M (2011-2020)
Fig 45 Row Medication Management Market, By Mode Of Delivery, $M (2011-2020)
Fig 46 Porter’S Five Forces Of Competitive Position Analysis
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