Overview:
Medication
management is a strategy to make patient realize the value of medications to
ensure timely intake of those medicines. This also ensures that the medication
process gets improved. The process includes several methods like medication
reconciliation, patient/family education on medications, medication therapy
management, and medication set-up simulations. The global medication management
market has the potential to move forward with a CAGR of 13.4% over the review
period of 2018 to 2023.
Get
Free Smaple Copy @ https://www.marketresearchfuture.com/sample_request/7187
Several
factors like rising geriatric population, better inclusion of healthcare IT,
increased patient-physician interaction, and other app-related moves are
expected to trigger the growth of the medication management market. The need to
curb healthcare cost is also placing substantial reliance on the growth of the medication
management market Companies.
Segmentation:
The
global medication management market, as reported in the MRFR study, can be
segmented by systems, services, mode of delivery, and end-user. This report
provides insights regarding various factors that can impact the global market
in the coming years.
Based
on systems, the global medication management market can be segmented into
computerized physician order entry systems, administration software, clinical
decision support systems, automated dispensing systems, inventory management
systems, and assurance systems. The administration software covers electronic
medication administration records (eMAR) software and bar code medication
administration (BCMA) software. The automated dispensing systems segment
includes centralized automated dispensing systems and decentralized automated
dispensing systems (ADS). The centralized automated dispensing system comprises
robots/robotic automated dispensing systems and carousels. The decentralized
automated dispensing system (ADS) is segmented on the basis of ward-based
decentralized automated dispensing systems, pharmacy-based decentralized
automated dispensing systems, and automated unit-dose decentralized automated
dispensing systems.
Based
on the services, the global medication management market can be segmented into
point-of-care verification services and adverse drug effects (ADE) surveillance
services.
Based
on the mode of delivery, the medication management market includes web-based
solutions, on-premise solutions, and cloud-based solutions.
Based
on the end-user, the medication management market includes hospitals,
pharmacies and others.
Regional
Analysis:
The
Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA)
are regions that have been mentioned in the region-specific study of the global
medication management market. This analysis relies a lot on the uncovering of
various demographic challenges.
The
Americas has the better market dominance as the region hosts well-established
healthcare infrastructures and technological support in countries like the
U.S., Canada, Mexico, and others. At the same time, a lot of companies are
launching their own ways of handling the procedure to ensure that the market never
loses the influx of finance in the coming years.
Europe’s
growth is quite pervasive and relies on the dominance of developed economies
like U.K., Germany, France, and others. These countries are spurring the growth
of the regional market by initiating innovations.
The
APAC region is expected to emerge as the fastest growing segment and this is
expected to happen due to the growing inclusion of various latest technologies
in the revamping infrastructure of healthcare sector in several countries.
India and China are expected to contribute significantly.
The MEA
region is expected to showcase moderate growth due to the lack in financial
backup. Most of the countries from the African region are poor and hence,
providing substantial backup to the market would be impossible for them.
Competitive
Landscape:
Several
competitors in the global medication management market are participating to
take the market ahead. The process includes various strategic decisions like
merger, acquisition, collaboration, and others. MRFR in their recent report on
the global medication management market integrated companies like Mckesson
Corporation, Allscripts Healthcare 0Electric Company, Inc., Medical Information
Technology, Optum Inc., Omnicell, Inc., Siemens Ltd, QuadraMed Affinity
Corporation, and others for a better understanding. Their profiling of these
companies is to keep an eye on the latest trends and map the market movement.
In
August 2019, Molina Healthcare and Abarca decided to become partners in
launching fresh ideas regarding predictive analytics into this market to cater
to Molina Healthcare’s vulnerable members.
Read
Complete Report @ https://www.marketresearchfuture.com/reports/medication-management-market-7187
About
Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important questions.
In order
to stay updated with technology and work process of the industry, MRFR often
plans & conducts meet with the industry experts and industrial visits for
its research analyst members.
Contact:
Market
Research Future
+1 646
845 9312
No comments:
Post a Comment