Medication Management Market Segmentation by Product Type (Order Entry, Clinical Support System Solutions, Administration Record, Inventory Management Solutions, and Others); by Mode of Delivery (Web-based, Cloud-based, and Others); and by End-User (Hospital, Private Clinics, Pharmacy, and Others)– Global Demand Analysis & Opportunity Outlook 2030

Buy Now Report ID: 3678 | Published Date: Feb 07, 2023

Global Medication Management Market Regional Synopsis

On the basis of geographical analysis, the global medication management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing geriatric population, rising disposable income along with rise in healthcare expenditure especially in countries like India, China, Singapore, Thailand and others.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the highly health centric aware population, along with presence of major pharmaceutical companies across the region.

Medication Management Market Share Graph

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The global medication management market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Medication Management Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Market Segmentation


Our in-depth analysis of the global medication management market includes the following segments:

By Product Type

  • Order Entry
  • Clinical Support System Solutions
  • Administration Record
  • Inventory Management Solutions 
  • Others

By Mode of Delivery

  • Web-based
  • Cloud-based
  • Others

By End-User

  • Hospital
  • Private Clinics
  • Pharmacy
  • Others

Growth Drivers

  • Increasing Patient Data in Healthcare Sector
  • Growing Integration of IT Services in Healthcare


  • Slow Adoption of Software and Services in Healthcare Sector
  • Lack of Awareness amongst People

Healthcare Expenditure Graph
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Top Featured Companies Dominating the Market

    • Cerner Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Becton, Dickinson U.K. Ltd
    • ARxIUM, Inc.
    • Allscripts Medication Services Group
    • Omnicell
    • McKesson Corporation
    • GE Healthcare
    • Talyst, LLC.
    • Medline Industries, LP
    • Cardinal Health, Inc.


In The News

  • January, 2020: Cerner Corporation has been named best in Client Service and Technical Support fourth year in a row by health IT market research organization Black Book.
  • November, 2017: Swisslog Healthcare launches Pharmacy Analytics, a cloud-based data analytics platform, to help hospital pharmacies improve operational efficiency.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Radhika Gupta, Shivam Bhutani

Key Questions Answered in the Report

1) What are the major factors driving the growth of the medication management market?

Ans: The growing amount of data in the healthcare sector is estimated to boost the market growth.

2) What would be the CAGR of medication management market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the medication management market growth?

Ans: Slow adoption of software and services in healthcare sector are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of medication management market in future?

Ans: The market in the North America region is estimated to provide more business opportunities over the forecast period owing to the increasing healthcare investment in the region.

5) Who are the major players dominating the medication management market?

Ans: The major players in the market are Omnicell, McKesson Corporation, GE Healthcare, Talyst, LLC., Medline Industries, LP, Cardinal Health, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the medication management market?

Ans: The market is segmented by product type, mode of delivery, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the medication management market?

Ans: The hospital segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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