Product Overview

Medication tracking enables medications to be electronically monitored and validated for prescription, administration, and supply. An integrated method known as drug management is designed to control and sustain the medicine management cycle. The drug control method for the prescription, delivery, and distribution of medications is used in hospitals. The use of the framework for drug control helps to reduce the error rates in the administration of medicines. In recent years, there has been an increase in the development of new drugs and medications, the maintenance of the administration of these medications, and the use of a prescription management system for clinical decisions.

Market Highlights

Global Medication Management Market is expected to project a notable CAGR in 2030.

Global Medication Management Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The rise in the incidence of illnesses is the main factor driving the drug management market. The use of drugs has increased this rise in illnesses, which in turn has increased the rate of drug prescriptions. Thus, the drug control system plays an important role in the healthcare sector in controlling the availability and supply of medicines and medications. The growth of the drug management market is also being increased by the rising number of geriatric populations suffering from chronic diseases. Owing to the growing demand for remote patient monitoring services, the industry has seen strong demand for computerized physician order entry systems over the last few years.

Global Medication Management Market: Segments

CPOE Segment to grow with the highest CAGR during 2019-30

Global Medication Management Market is segmented by software type into computerized physician order entry (CPOE), clinical decision support system (CDSS), inventory management, administration software, automated dispensing system (ADS), and others. The greater market share in 2019 was accounted for by the CDSS segment owing to the growth of the clinical decision support system solutions segment are the increasing need to minimize human errors, increasing demand to minimize healthcare spending, need for improvement in the standard of treatment, the chronic disease population, and greater adoption rate in emerging economies.

Medication analytics segment to grow with the highest CAGR during 2019-30

Global Medication Management Market is segmented by service adverse drug experience (ADE) surveillance, medication analytics, and point-of-care verification services. Medication analytics service is expected to hold a major market share of XX% in 2018 and also likely to be the fastest-growing category in the medication management market in the coming years. The key factors such as the growing demand for the advanced healthcare system, drug analytics services accounted for the largest market share. It is also anticipated that demand for Ade monitoring services will increase at a significant rate during the forecast period.

Web-based solutions segment to grow with the highest CAGR during 2019-30

Global Medication Management Market is segmented by Mode of Delivery into web-based solutions, cloud-based solutions, and on-premise solutions. Some of the factors responsible for the growth of the web-based solution segment are low maintenance and IT infrastructure requirements. The web-based systems accounted for the largest share in the market for drug management among all distribution types. Furthermore, cloud-based solutions are expected to develop at the fastest rate during the forecast period.

Global Medication Management Market: Market Dynamics

Drivers

Rising Number of Clinical Trials

Increased population aging, increased demand for mHealth technology, increased prevalence of chronic diseases, increased spending on health care, and initiatives by government associations to improve regulatory standards are some of the factors driving the growth of the market for medication management. MHealth systems provide efficient remote monitoring of patients and are inherently cost-effective. Increased use of mobile devices has also contributed to the adoption of mHealth technology. Furthermore, in the treatment and control of a disease, this technology has a range of applications.

Enormous Data Mounting from Healthcare Industry

The key growth factors for the medication management market are the rapid rise in the aging population, demand for reduced healthcare costs, technological innovation, and increased demand for remote patient monitoring services. Furthermore, the growing prevalence of chronic diseases is also driving market development. The growth of the drug management market is also facilitated by an increased focus on value-based medicine, growing demand for the advanced healthcare system, and increasing assistance from government organizations.

Restraint

High Implementation Costs

When left untreated and responsible for the leading causes of death worldwide, chronic conditions such as diabetes can have life-threatening effects on the cardiovascular, renal, and nervous systems. However, due to a lack of knowledge of drug management systems in developing countries, higher costs associated with drug management systems are another factor hindering the development of the demand for drug management systems.

Global Medication Management Market: Key Players

A-S Medication Solutions

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

ARxIUM

Becton, Dickinson, and Company

Cerner Corporation

GE Healthcare (GE Company)

McKesson Corporation

Omnicell, Inc.

Talyst, LLC

Global Medication Management Market: Regions

Global Medication Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Medication Management Market in North America held the largest market share of XX.X% in the year 2018 due to the robust implementation of healthcare IT, technological development, an increase in the incidence of infectious and chronic diseases, and an increase in the number of prescriptions in the area are main factors responsible for the dominance of the area. Also, the European market is rising considerably. The increase in healthcare practices in this region is the factor that characterizes this development. China and India are countries in the Asia-Pacific region that contribute significantly to the market growth due to factors such as rising rates of infectious diseases, rapid development in the healthcare sector, large populations, and increased knowledge among people.

Competitive Landscape:

Global Medication Management market, which is highly competitive, consists of several major players. Companies, such as General Electric Company, QUALCOMM Incorporated hold a substantial market share in the Global Medication Management market. Other players analyzed in this report are Cerner Corporation, Siemens AG, McKesson Corporation, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, and Becton Dickinson and Company among others

Recently, various developments have been taking place in the market. For instance, in January 2018, GE, Roche entered into the partnership to develop an integrated digital diagnostics platform to improve oncology and critical care treatment.

Global Medication Management Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Medication Management Market report also contains analysis on:

Global Medication Management Market Segments:

By Software Type:

CPOE

CDSS

Medication Administration Software

Inventory Management

ADS

Others

By Service:

Medication Analytics Services

ADE Surveillance Services

Point-Of-Care Verification Services

By Mode of Delivery:

Web-Based

Cloud-Based

On-Premises

By End User:

Hospitals

Pharmacy

Others

Global Medication Management Market Dynamics

Global Medication Management Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Medication Management Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Hospital Beds Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Medication Management Market

1. Market Size & forecast, 2019A-2030F

1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Medication Management Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Europe: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Asia-Pacific: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. LATAM: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. MEA: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By Software Type: Market Share (2020-2030F)

1. CPOE, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. CDSS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Medication Administration Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Inventory Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. ADS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. By Service: Market Share (2020-2030F)

1. Medication Analytics Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. ADE Surveillance Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Point-Of-Care Verification Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. By Mode of Delivery: Market Share (2020-2030F)

1. Web-Based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Cloud-Based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. On-Premises, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. By End User: Market Share (2020-2030F)

1. Hospitals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Pharmacy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Company Profile

1. A-S Medication Solutions.

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. ARxIUM.

3. Becton, Dickinson and Company.

4. Cerner Corporation

5. GE Healthcare

6. McKesson Corporation.

7. Omnicell, Inc.

8. Talyst, LLC.

9. McKesson Corporation

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)