Medication Management System Market Is Forecasted To Reach $5.9 Billion By 2027 At A CAGR Of 19.5%
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global food diagnostics market size is expected to grow from $2.39 billion in 2022 to $2.9 billion in 2023 at a compound annual growth rate (CAGR) of 21.4%. The food diagnostics market size is expected to reach $5.9 billion in 2027 at a CAGR of 19.5%.
What will drive the medication management system market?
An increase in medical costs is expected to propel the growth of the medication management system market going forward.
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Who are the major players in the market?
Major Market Players in the medication management system market include Allscripts Healthcare LLC, ARxIUM, Cerner Corporation, Becton Dickinson and Company, Omnicell Inc., GE Healthcare, Talyst LLC, McKesson Corporation, QuadraMed Affinity Corporation.
Which trend is gaining popularity in the medication management system market?
New product innovations are the key trend gaining popularity in the medication management system market. Major companies operating in the medication management systems sector are focused on introducing innovative products to sustain their position in the market. For instance, in 2021, Omnicell Inc., a US-based company that provides medication management solutions and healthcare technology tools, launched Omnicell One, which helps to control medication inventory spending, reduce medication waste, improve patient safety, and manage drug diversion. This system automatically updates the medicine and drug status to the system along with their availability and the number of units used.
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How is the medication management system market segmented?
Global Medication Management System Market Segments Include:
1) By Product Type: Computerized Physician Order Entry, Clinical Decision Support System Solutions, Electronic Medication Administration Record, Inventory Management Solutions, Other Product Types
2) By Mode of Delivery: Web-Based, Cloud-Based, On-Premise
3) By End Users: Pharmacies, Hospitals, Other End Users
The Medication Management System Global Market Report 2023 provides an overview of the medication management system market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The medication management system market forecast analyzes medication management system market size, medication management system market share, leading competitor and their market positions.
A medication management system refers to managing patients’ data in the system because of the rising number of clinical practices and lengthy prescription times.
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