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Global Medication Management Market (2023-2028) by Component, Service, Mode of Delivery, End-Users, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 183 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5748936

A new generation of AI-powered medication management systems with predictive analytics and machine learning are playing a key role in Medication Management Systems

The Global Medication Management Market is estimated to be USD 2.83 Bn in 2023 and is expected to reach USD 4.63 Bn by 2028, growing at a CAGR of 10.34%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Medication Management Market is segmented based on Component, Service, Mode of Delivery, End-Users, and Geography.
  • By Component, the market is classified into Software and Services.
  • By Mode of Delivery, the market is classified into Cloud-Based, On-Premises, and Web-Based.
  • By End-Users, the market is classified into Hospitals, Pharmacy, and Other Healthcare Institutions.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Becton Dickinson and Co., Cardinal Health Inc., GE Healthcare, Optum Inc., Siemens Healthcare Pvt. Ltd., UnitedHealth Group Inc., Wiegand Ag, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Medication Management Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Medication Management Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Medication Management Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Medication Management Market

What is the estimated value of the Global Medication Management Market?

The Global Medication Management Market was estimated to be valued at $2.83 Billion in 2023.

What is the growth rate of the Global Medication Management Market?

The growth rate of the Global Medication Management Market is 10.3%, with an estimated value of $4.63 Billion by 2028.

What is the forecasted size of the Global Medication Management Market?

The Global Medication Management Market is estimated to be worth $4.63 Billion by 2028.

Who are the key companies in the Global Medication Management Market?

Key companies in the Global Medication Management Market include A BIQ Health Solutions, Ltd., Allscripts Healthcare Solutions Inc., ARxIUM Inc., A, S Medication Solutions, Becton Dickinson and Co., Cardinal Health Inc., Carefusion Corp., Cerner Corp. and GE Healthcare.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Provision for Medication Management Services Under Healthcare Reforms
4.1.2 Growth in the Aging Population and High Incidences of Chronic Illness
4.1.3 Investments by Hospitals to Improve their Workflow
4.2 Restraints
4.2.1 High Implementation and Maintenance Expenses
4.3 Opportunities
4.3.1 Initiatives, Reforms, and Policies to Increase the Adoption of Healthcare IT
4.3.2 Increasing Focus on Value-Based Medicine Promoting
4.4 Challenges
4.4.1 Issues About Patient Privacy of Medication Management System
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Medication Management Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Administration Software Barcode Medication Administration Electronic Medication Administration Record
6.2.2 Automated Dispensing Systems Centralized Decentralized
6.2.3 Clinical Decision Support System
6.2.4 Computerized Physician Order Entry Systems
6.2.5 Assurance Systems
6.2.6 Inventory Management Software
6.3 Service
6.3.1 ADE Surveillance Services
6.3.2 Medication Analytics Services
6.3.3 Point-of-Care Verification Services
7 Global Medication Management Market, By Mode of Delivery
7.1 Introduction
7.2 Cloud-Based
7.3 On-Premises
7.4 Web-Based
8 Global Medication Management Market, By End-Users
8.1 Introduction
8.2 Hospitals
8.3 Pharmacy
8.4 Other Healthcare Institutions
9 Americas' Medication Management Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe's Medication Management Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa's Medication Management Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC's Medication Management Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 A BIQ Health Solutions, Ltd.
14.2 Allscripts Healthcare Solutions Inc.
14.3 ARxIUM Inc.
14.4 A-S Medication Solutions
14.5 Becton Dickinson and Co.
14.6 Cardinal Health Inc.
14.7 Carefusion Corp.
14.8 Cerner Corp.
14.9 GE Healthcare
14.10 Genoa Healthcare Inc.
14.11 McKesson Corp.
14.12 Medical Information Technology Inc.
14.13 Medication Management Systems Inc.
14.14 NEXUS Ag
14.15 Omnicell Inc.
14.16 Optum Inc.
14.17 QuadraMed Affinity Corp.
14.18 Siemens Healthcare Pvt. Ltd.
14.19 Talyst LLC
14.20 UnitedHealth Group Inc.
14.21 Wiegand Ag
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • A BIQ Health Solutions, Ltd.
  • Allscripts Healthcare Solutions Inc.
  • ARxIUM Inc.
  • A-S Medication Solutions
  • Becton Dickinson and Co.
  • Cardinal Health Inc.
  • Carefusion Corp.
  • Cerner Corp.
  • GE Healthcare
  • Genoa Healthcare Inc.
  • McKesson Corp.
  • Medical Information Technology Inc.
  • Medication Management Systems Inc.
  • NEXUS Ag
  • Omnicell Inc.
  • Optum Inc.
  • QuadraMed Affinity Corp.
  • Siemens Healthcare Pvt. Ltd.
  • Talyst LLC
  • UnitedHealth Group Inc.
  • Wiegand Ag