Medication Management Market Set to Exhibit Huge Progress in Future

1. Medication Management Market to Exhibit Rapid Expansion in Coming Years 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. The global medication management market revenue grew at a CAGR of 26.1% between 2015 and 2020 and reached $4.3 billion in 2020. The surging population of ageing people, increasing demand for mHealth technologies, and rising occurrence of chronic diseases are some of the major factors driving the growth of the market. In addition to these factors, the initiatives been taken by several governments to reinforce various regulatory norms are also propelling the market. Owning to its cost-effective nature and the ability to offer the best monitoring options for patients remotely, the popularity of mHealth technologies is surging sharply. The growing penetration of the internet is fueling the development of mHealth technologies, which are being increasingly used for the management and treatment of diseases. Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/medication- management-market/report-sample According to the estimation of the market research company, P&S Intelligence, the ability of the technology to remotely manage and treat a disease is helping the worldwide medication management market grow. The increasing healthcare expenditure, on account of soaring cost of medical treatment and patient care, is another major market growth driver. Moreover, the formulation and development of novel drugs, surging number of pharmacies and hospitals, and the increasing research and development (R&D) activities being carried out in drug development processes are also augmenting the healthcare expenditure of several countries, which is, in turn propelling the progress of market for medication management. Browse full report at: https://www.psmarketresearch.com/market- analysis/medication-management-market The medication management market is divided, on the basis of software, into computerized physician order entry (CPOE), clinical decision support system (CDSS), medication administration software, inventory management, automated dispensing system (ADS), and others. Amid all these categories, the clinical decision support system (CDSS) category is expected to encounter the fastest growth in the market during forecast period with CAGR of 38.8%. The adoption of CDS is attributed to the fact that it is beneficial to provide information about the patients which can be further used for taking any vital decisions adding to their treatment by the health care professionals. It is a system that assists care providers in offering better treatment and patient care to people. 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. Across the globe, North America held the largest share in the medication management market in 2014. Europe held the second largest share in the market during the historical period. However, the region is further anticipated to hold 25% share by 2020 in global market. The growth of the North American and European markets can be credited to the increasing geriatric population and dominance of chronic diseases in the regions. In the coming years, Asia-Pacific (APAC) region is predicted to be the fastest growing region in the market with a CAGR of 31.4%. QUALCOMM Incorporated, General Electric Company, Cerner Corporation, Siemens AG, Becton Dickinson and company, and Epic Systems Corporation are some of the key players operating in the medication management market. The market players are getting numerous opportunities for expanding geographically, especially in the developing nations of Latin America, Asia, and Africa and also in the North American and European regions, owing to the burgeoning need for medication management aids in these regions. Hence, the market will expand across the globe in the coming years, due to the growing healthcare expenditure and booming healthcare sector. GLOBAL MEDICATION MANAGEMENT MARKET  By Software – Computerized Physician Order Entry (CPOE), Clinical Decision Support System (CDSS), Medication Administration Software, Inventory Management, Automated Dispensing System (ADS), and Others By Service – Medication Analytics Services, Adverse Drug Event (ADE) Surveillance Services, and Point-Of-Care Verification Services By End User – Hospitals, Pharmacy, and Others. By Mode of Delivery – Web-Based, Cloud-Based and On-Premises.     By Region – North America, Europe, Asia, and Rest of the World (RoW). GLOBAL MEDICATION MANAGEMENT MARKET, BY SOFTWARE  CPOE Market, By Region CDSS Market, By Region Medication Administration Software Market, By Region Inventory Management Market, By Region ADS Market, By Region GLOBAL MEDICATION MANAGEMENT MARKET, BY SERVICE     3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4. Medication Analytics Services Market, By Region ADE Surveillance Services Market, By Region    Point-Of-Care Verification Services Market, By Region GLOBAL MEDICATION MANAGEMENT MARKET, BY END USER  Hospitals Medication Management Market, By Region Pharmacy Medication Management Market, By Region GLOBAL MEDICATION MANAGEMENT MARKET, BY MODE OF DELIVERY   Web-Based Medication Management Market, By Region On-Premises Medication Management Market, By Region Cloud-Based Medication Management Market, By Region GLOBAL MEDICATION North America Market   MANAGEMENT MARKET, BY GEOGRAPHY  By Country – The U.S, Canada, and Rest of North America By Software By Services By End User By Mode of Delivery Europe Market      By Country – Germany, the U.K., France, and Rest of Europe By Software By Services By End User By Mode of Delivery Asia Market      By Country – China, Japan, India, and Rest of Asia. By Software By Services By End User By Mode of Delivery Rest of the World (RoW) Market      By Software By Services  4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

5. By End User By Mode of Delivery   5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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