Global Medication Management Market
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Global Medication Management Market is expected to reach USD XX Billion by 2026 from USD XX Billion in 2018 at CAGR of XX %.
Factors driving the growth of Medication Management market are increased investment by hospitals to improve workflow, rapid advancement in medical technology, raising concerns for minimizing adverse drug events and related medication errors and increasing requirement for streamlining workflow to impart efficient and better care to patients.
Global Medication Management Market is segmented by a system, services, delivery mode, end user, and geography. System segment is sub-segmented as computerized physician order entry, clinical decision support system, administration software, and others. Services segment is classified as medication analytics, point-of-care verification, and ADE surveillance.
Delivery mode segment is classified as cloud-based, web-based and on-premise. A cloud-based segment is expected to register significant growth during the forecast period, owing to various advantages like easy information sharing with clients and other stakeholders and easy access to information in remote locations using such solutions. An end-user segment is divided into hospitals, pharmacy, and others. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
An increasing need for reducing healthcare costs and better healthcare management are trending the overall Global Medication Management Market. However, high implementation and maintenance expenses will restrain market growth. APAC is going to emerge as the highest growth region in Medication Management Market in forecast period followed by North America and Europe. Rising awareness, improved infrastructure, and healthcare facilities, the rise in healthcare expenditure, increasing number of public and private hospitals in this region will fuel the Medication Management Market in the APAC region.
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Last Update : Sep 22, 2020
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