Medication Management includes the use of IT for diseases, healthcare, and case management functions. Medication Management covers several aspects such as evaluating, providing, prescribing, managing, dispensing, revising and helping the patients with their medicines. Medication Management schemes are planned in order to modify patient and supplier behavior to enhance the superiority and consequence of healthcare delivery. Medication Management basically focuses on providing services with an objective of product selection and supervision as well as cautious intensive care of side effects. Medication Management also keeps a record of all medications that presently in use by the patient.
The factors that propel the growth of the Medication Management Market include rising demand for advanced healthcare information system, developing provision from government administrations, growing demand of mHealth technologies, and also a necessity for remote patient monitoring services. On the other hand, there are also factors that hamper the growth of the market; which include high investment expenditure, requirement for maintenance, safety concerns, privacy issues, and also insufficient healthcare infrastructure in developing countries.
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The market is classified on the basis of software, services, end-users, mode of delivery, and geography. On the basis of software, the market is classified as Computerized Physician Order Entry, Clinical Decision Support System, Inventory Management, Assurance System Software, Administration Software and Automated Dispensing Systems (ADS). The Administration Software is further classified as Electronic Medication Administration Record (EMAR) and Barcode Medication Administration (BMA). The Automated Dispensing Systems (ADS) consists of two major classes Centralized Automated Dispensing Systems and Decentralized Automated Dispensing Systems. The Centralized Automated Dispensing Systems consists of Robots and Carousels. Whereas the Decentralized Automated Dispensing Systems consists of Pharmacy-based ADS, Automated Unit-Dose Dispensing and Ward-based ADS.
On the basis of services, the Medication Management Market is classified as Medication Analytics, Point-of-Care Verification, and ADE Surveillance. On the basis of end-users, the market is classified as Hospitals, Pharmacy and others. On the basis of mode of delivery, the Medication Management Market is classified as On-premises, Web-based and Cloud-based.
On the basis of geography, the market is classified as North America, Europe, Asia Pacific, and Rest of the World. In 2014, the North American market dominated the major share of the market. The North American market is traced by Europe, Asia Pacific, and Rest of the World. The factors that attribute to the major share of North America include advanced healthcare infrastructure, rising geriatric population, and increasing government capital. Some of the prominent players of the Medication Management Market include CareFusion Corporation, McKesson Corporation, Allscripts Healthcare Solutions, Inc., Cerner Corporation, and Siemens Healthcare.
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Market Segment:
This report studies Medication Management in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
• CareFusion Corporation
• McKesson Corporation
• Allscripts Healthcare Solutions, Inc.
• Cerner Corporation
• Siemens Healthcare
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Medication Management in these regions, from 2012 to 2022 (forecast), like
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/healthcare
Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
• Medication Analytics
• Point-Of-Care Verification
• Ade Surveillance
Split by application, this report focuses on consumption, market share and growth rate of Medication Management in each application, can be divided into
• Hospitals
• Pharmacy
• Others
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