The global medication management system market size 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.
Browse full research report on Medication Management System Market: https://www.grandviewresearch.com/industry-analysis/medication-management-system-market
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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/medication-management-system-market/request/rs1
Grand View Research has segmented the medication management market
on the basis of software, mode of delivery, end use, and region:
Medication Management Software Outlook (Revenue, USD Million, 2014
- 2025)
- Computerized
Physician Order Entry
- Clinical
Decision Support System Solutions
- Electronic
Medication Administration Record
- Inventory
Management Solutions
- Other
Software
Medication Management Mode of Delivery Outlook (Revenue, USD
Million, 2014 - 2025)
- On-premise
Solutions
- Web-based
Solutions
- Cloud-based
Solutions
Medication Management End-use Outlook (Revenue, USD Million, 2014
- 2025)
- Hospitals
- Pharmacies
- Other
Healthcare Institutions
Medication Management Regional Outlook (Revenue, USD Million, 2014
- 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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