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Published: Dec, 2017 | Pages:
104 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)
The global medication management system market is expected to reach USD 5.97 billion by 2025 at a CAGR of 20.5%, according to a new report by Grand View Research, Inc. Rise in number of prescriptions globally, increase in investments by hospitals for workflow management, advanced technologies, and rise in government reforms and policies boosting integration of IT in healthcare are estimated to drive market growth. Rise in challenges faced by healthcare professionals for efficient management of clinical operations, streamlined workflow, and reduced healthcare costs drive the demand for automated solutions in healthcare facilities. Rapid growth in prescriptions has increased the burden on care providers to efficiently manage prescriptions of patients and minimize medication errors. Thus, increase in number of prescriptions is one crucial factor driving market growth. In addition, shortage of pharmacists and healthcare professionals will further boost the adoption of IT solutions in healthcare facilities. There is a rise in investments by hospitals to streamline clinical processes and they have been purchasing new software to manage workflow, which is expected to boost market growth. For instance, in March 2017, Saudi German Hospital-Dubai automated its medication management workflow by integrating Omnicell's solutions. Reforms, policies, and initiatives are being taken by governments to increase the adoption of healthcare IT across the globe, which is expected to drive market growth. For instance, the German National Medication Plan is an initiative directed toward enhancing medication management software in hospitals and pharmacies in Germany. Further key findings from the report suggest: • Inventory management solutions held a majority share in the market in 2016 due to rising need to reduce issues such as stockout and overstock • Hospitals held the largest share by end use owing to rise in investments by hospitals to upgrade their IT infrastructure • Cloud-based solutions dominated the market by mode of delivery owing to greater data security • North America dominated the global market owing to high adoption of healthcare IT and technological advancements • Key players in this market are Allscripts, Becton, Dickinson and Company (CareFusion), GE Healthcare, McKesson Corporation, Cerner Corporation, and Omnicell, Inc.
Table of Contents
Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Medication Management Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Agreements and acquisitions among players offering medication management solutions
3.2.2 Investments by hospitals to improve their workflow
3.2.3 Initiatives, reforms, and policies to increase the adoption of Healthcare IT across the globe
3.3 Market Restraint Analysis
3.3.1 High costs of installation and maintenance
3.3.2 Patient privacy issues
3.4 Penetration & Growth Prospect Mapping
3.5 Medication Management Market - SWOT Analysis, by Factor (Political & legal, Economic and Technological)
3.6 Industry Analysis - Porter's
Chapter 4 Medication Management Market: Software Estimates & Trend Analysis
4.1 Medication Management Market: Software Movement Analysis
4.2 Computerized Physician Order Entry (CPOE) Market
4.2.1 Computerized physician order entry (CPOE) market estimates and forecasts, 2014 - 2025 (USD Million)
4.3 Clinical Decision Support System (CDSS)
4.3.1 Clinical decision support system market estimates and forecasts, 2014 - 2025 (USD Million)
4.4 Electronic Medication Administration Records
4.4.1 Electronic medication administration records market estimates and forecasts, 2014 - 2025 (USD Million)
4.5 Inventory Management Software
4.5.1 Inventory management software market estimates and forecasts, 2014 - 2025 (USD Million)
4.6 Other Software
4.6.1 Other software market estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 5 Medication Management Market: Mode of Delivery Estimates & Trend Analysis
5.1 Medication Management Market: Mode of Delivery Movement Analysis
5.2 On Premise Solutions
5.2.1 On premise solutions market estimates and forecasts, 2014 - 2025 (USD Million)
5.3 Web-based Solutions
5.3.1 Web-based solutions market estimates and forecasts, 2014 - 2025 (USD Million)
5.4 Cloud-based Solutions
5.4.1 Cloud-based solutions market estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 6 Medication Management Market: End Use Estimates & Trend Analysis
6.1 Medication Management Market: End Use Movement Analysis
6.2 Hospitals
6.2.1 Hospitals market estimates and forecasts, 2014 - 2025 (USD Million)
6.3 Pharmacies
6.3.1 Pharmacies market estimates and forecasts, 2014 - 2025 (USD Million)
6.4 Other Healthcare Institutions
6.4.1 Other healthcare institutions market estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 7 Medication management: Regional Estimates & Trend Analysis, By Software, Mode of Delivery, and End Use
7.1 Medication Management Market: Regional Movement Analysis
7.2 North America
7.2.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.2.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.2.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.2.4 U.S.
7.2.4.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.2.4.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.2.4.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.2.5 Canada
7.2.5.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.2.5.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.2.5.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.3 Europe
7.3.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.3.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.3.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.3.4 U.K.
7.3.4.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.3.4.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.3.4.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.3.5 Germany
7.3.5.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.3.5.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.3.5.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.4 Asia Pacific
7.4.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.4.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.4.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.4.4 Japan
7.4.4.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.4.4.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.4.4.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.4.5 China
7.4.5.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.4.5.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.4.5.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.5 Latin America
7.5.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.5.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.5.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.5.4 Brazil
7.5.4.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.5.4.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.5.4.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.5.5 Mexico
7.5.5.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.5.5.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.5.5.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.6 Middle East and Africa (MEA)
7.6.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.6.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.6.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
7.6.4 South Africa
7.6.4.1 Market estimates & forecasts, by software, 2014 - 2025 (USD Million)
7.6.4.2 Market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million)
7.6.4.3 Market estimates & forecasts, by end use, 2014 - 2025 (USD Million)
Chapter 8 Competitive Landscape
8.1 List of Market Players
8.2 Company Profiles
8.2.1 Allscripts
8.2.1.1 Company overview
8.2.1.2 Financial performance
8.2.1.3 Product benchmarking
8.2.1.4 Strategic initiatives
8.2.2 Becton, Dickinson and Company (CareFusion)
8.2.2.1 Company overview
8.2.2.2 Financial performance
8.2.2.3 Product benchmarking
8.2.2.4 Strategic initiatives
8.2.3 GE Healthcare
8.2.3.1 Company overview
8.2.3.2 Financial performance
8.2.3.3 Product benchmarking
8.2.4 Talyst, LLC.
8.2.4.1 Company overview
8.2.4.2 Financial performance
8.2.4.3 Product benchmarking
8.2.4.4 Strategic initiatives
8.2.5 McKesson Corporation
8.2.5.1 Company overview
8.2.5.2 Financial performance
8.2.5.3 Product benchmarking
8.2.5.4 Strategic initiatives
8.2.6 Cerner Corporation
8.2.6.1 Company overview
8.2.6.2 Financial performance
8.2.6.3 Product benchmarking
8.2.6.4 Strategic initiatives
8.2.7 ARxIUM
8.2.7.1 Company overview
8.2.7.2 Financial performance
8.2.7.3 Product benchmarking
8.2.8 QuadraMed Affinity Corporation
8.2.8.1 Company overview
8.2.8.2 Financial performance
8.2.8.3 Product benchmarking
8.2.8.4 Strategic initiatives
8.2.9 Omnicell, Inc.
8.2.9.1 Company overview
8.2.9.2 Financial performance
8.2.9.3 Product benchmarking
8.2.9.4 Strategic initiatives
List of Tables TABLE 1 Density as pharmacists per 10,000 populations (2012) TABLE 2 North America medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 3 North America medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 4 North America medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 5 U.S. medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 6 U.S. medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 7 U.S. medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 8 Canada medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 9 Canada medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 10 Canada medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 11 Europe medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 12 Europe medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 13 Europe medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 14 U.K. medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 15 U.K. medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 16 U.K. medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 17 Germany medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 18 Germany medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 19 Germany medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 20 Asia Pacific medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 21 Asia Pacific medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 22 Asia Pacific medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 23 Japan medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 24 Japan medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 25 Japan medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 26 China medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 27 China medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 28 China medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 29 Latin America medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 30 Latin America medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 31 Latin America medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 32 Brazil medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 33 Brazil medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 34 Brazil medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 35 Mexico medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 36 Mexico medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 37 Mexico medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 38 MEA medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 39 MEA medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 40 MEA medication management market estimates & forecasts, by end use, 2014 - 2025 (USD Million) TABLE 41 South Africa medication management market estimates & forecasts, by software, 2014 - 2025 (USD Million) TABLE 42 South Africa medication management market estimates & forecasts, by mode of delivery, 2014 - 2025 (USD Million) TABLE 43 South Africa medication management market estimates & forecasts, by type, 2014 - 2025 (USD Million)
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