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Medication Management Systems Market Trends

  • Report ID: GMI10832
  • Published Date: Aug 2024
  • Report Format: PDF

Medication Management Systems Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as growing adoption of artificial intelligence (AI) in healthcare and machine learning, expansion of medication therapy management (MTM) programs, and surging need of telemedicine and remote monitoring, among other factors are propelling the industry growth.
 

  • A significant trend in the market is the integration of these systems with electronic health records (EHRs). This enables seamless access to patient medication histories, automates prescription workflows, and improves communication between healthcare providers. By linking EHRs with medication management systems, healthcare facilities can ensure that all medication-related data is synchronized, reducing errors and enhancing patient care.
     
  • Additionally, there is a growing focus on patient-centered care, where medication management systems are designed to engage patients actively in their treatment. These systems now often include features like mobile apps, patient portals, and medication reminders, empowering patients to take control of their health. Enhanced patient engagement leads to better adherence, improved outcomes, and higher patient satisfaction, thereby aforementioned factors are expected to drive the market.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global medication management systems industry was valued at USD 4 billion in 2023 and will record a CAGR of 9.8% from 2024 to 2032, driven by advancements in medical technology, a rise in chronic diseases, and increased adoption of e-prescribing and electronic health records (EHRs).

The CDSS solutions segment of medication management systems industry accounted for USD 1.1 billion in 2023, owing to real-time, evidence-based guidance to prevent medication errors and improve healthcare safety.

North America medication management systems market was valued at USD 1.7 billion in 2023 and will exhibit a CAGR of 9.5% from 2024 to 2032, bolstered by advanced healthcare infrastructure and early adoption of innovative solutions by hospitals and healthcare providers.

Becton, Dickinson and Company, Bluesight, Capsa Healthcare, eAgile Inc., Epic Systems Corporation, GE HealthCare Technologies Inc., GUARDIAN RFID, Impinj, Inc., MCKESSON CORPORATION, Omnicell, Inc., Oracle Corporation, RMS Omega, Swisslog Healthcare, Veradigm LLC, and Yankee Alliance LLC.

Medication Management Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 152
  • Countries covered: 23
  • Pages: 160
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