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Market Research Report

Medication Management Market by Systems (CPOE, CDSS, Automated Dispensing, Assurance Systems), Services (Medication Analytics, POC Verification, ADE Surveillance), Mode of Delivery (On-Premises, Web-Based, Cloud-Based) - Global Forecast to 2019

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Medication Management Market by Systems (CPOE, CDSS, Automated Dispensing, Assurance Systems), Services (Medication Analytics, POC Verification, ADE Surveillance), Mode of Delivery (On-Premises, Web-Based, Cloud-Based) - Global Forecast to 2019
Published: August 7, 2014 Content info: 298 Pages
Description

Medication errors and adverse drug events have been one of the major contributors to hospital readmissions globally. These issues add to the overall healthcare expenditure of the country. Medication management systems help in minimizing medication errors and adverse drug events by effective verification, recording, and reporting of medication administered to patient at every point of care. Medication management systems also enable automated inventory management for healthcare providers in both in-patient and out-patient healthcare environment.

The global medication management market is largely driven by the growing need to minimize medication errors in the healthcare systems, and government initiatives in both developed and developing economies to curtail soaring healthcare expenditures. Other benefits of medication management systems, such as automated inventory management are also contributing to the greater uptake of medication management solutions by healthcare providers across the globe.

In this report, the global medication management market is broadly segmented by systems, services, mode of delivery, and end users. The market, by software, is further segmented into computerized physician order entry, clinical decision support systems, administration software, inventory management software, automated dispensing systems, and assurance systems. On the other hand, the market, by services, is segmented into medication analytics, point-of-care verification, and ADE (adverse drug events) surveillance services offered by medication management solutions vendors. The end-users market is segmented into hospitals, pharmacy, and other healthcare institutions, while based on the mode-of-delivery; the market is divided into on-premises, web-based, and cloud-based deployment models.

The medication management market has experienced strong growth over the past few years, and is further expected to grow at an approximate CAGR of 14%-16% during the forecast period of 2014 to 2019. The overall growth of this market is mainly driven by the rise in the ageing population, and the incidence of chronic illnesses leading to greater risks of medication errors. The government initiatives to reduce healthcare costs and improve quality of healthcare delivery are also propelling the growth of this market.

The services segment currently dominates the medication management systems market, with the remaining share being occupied by the software market. Further, the services market is expected to grow at a strong CAGR during the forecast period, owing to an increasing demand for point-of-care verification and ADE surveillance services in the developed economies.

Geographically, the emerging markets in the Asia-Pacific (APAC) and the Middle Eastern regions are expected to show a high growth rate in the coming years. South Korea and Singapore are expected to be the most promising markets for medication management systems in the APAC region.

Some major players in this market are CareFusion Corporation (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), and Omnicell, Inc. (U.S.). Emergence of smaller players operating at the regional levels has led to greater competitiveness in the medication management systems market over the years. Amidst the market growth and increasing competitiveness, many of the global players in the medication management systems market are trying to maintain their market share by developing new products and enhancing the existing ones, forming partnerships/alliances, and through acquisitions.

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms, and allow them to gauge the pulse of the market, which in turn will help firms garner greater market shares. Firms purchasing the report could use one or a combination of the below mentioned strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the medication management market. The report analyzes the medication management market by systems, services, end-users, and mode of delivery.
  • Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the medication management market.
  • Market Development: Comprehensive information about the lucrative emerging markets by product, functionality, and geography.
  • Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the medication management market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analyses of the leading players in the medication management market.
Table of Contents
Product Code: HIT 2614

Table of Contents

1 Introduction

  • 1.1 Objectives Of The Study
  • 1.2 Report Description
  • 1.3 Markets Covered
  • 1.4 Stakeholders
  • 1.5 Research Methodology
    • 1.5.1 Market Size Estimation
    • 1.5.2 Market Crackdown And Data Triangulation
    • 1.5.3 Market Share Estimation
    • 1.5.4 Key Points From Secondary Sources
    • 1.5.5 Key Data Points From Primary Sources
    • 1.5.6 Assumptions

2 Executive Summary

3 Premium Insights

4 Market Overview

  • 4.1 Introduction
  • 4.2 Market Segmentation
  • 4.3 Market Dynamics
    • 4.3.1 Key Market Drivers
    • 4.3.1.1 Technological Innovations Propelling The Market Growth
    • 4.3.1.2 Provision For Medication Management Services Under Healthcare Reforms Fueling Growth
    • 4.3.1.3 Growth In Aging Population And High Incidences Of Chronic Illness Accelerating Demand For Medication Management Systems
    • 4.3.1.4 Medication Management Systems Help Reduce Healthcare Costs
    • 4.3.2 Key Market Restraints
    • 4.3.2.1 Reluctance To Adopt Medication Management Systems hinders The Market Growth
    • 4.3.2.2 High Implementation And Maintenance Expenses Will Restrain The Market Growth
    • 4.3.3 Key Market Opportunities
    • 4.3.3.1 Emerging Countries Offer Huge Potential For The Medication Management Systems Market
    • 4.3.3.2 Increasing Focus On Value-Based Medicine Promoting Market Growth
    • 4.3.4 Key Market Trends
    • 4.3.4.1 Various Agreements And Acquisitions By Leading Vendors To Enhance Their Production Capability And Market Presence
    • 4.3.5 Market Share Analysis

5 Global Medication Management Systems Market

  • 5.1 Introduction
  • 5.2 Computerized Physician Order Entry Systems
  • 5.3 Clinical Decision Support Systems
  • 5.4 Administration Software
    • 5.4.1 Electronic Medication Administration Records (Emar)Software
    • 5.4.2 Bar Code Medication Administration (Bcma) Software
  • 5.5 Inventory Management Systems
  • 5.6 Automated Dispensing Systems
    • 5.6.1 Centralized Automated Dispensing Systems
    • 5.6.1.1 Robots/Robotic Automated Dispensing Systems
    • 5.6.1.2 Carousels
    • 5.6.2 Decentralized Automated Dispensing Systems (Ads)
    • 5.6.2.1 Pharmacy-Based Decentralized Automated Dispensing Systems
    • 5.6.2.2 Ward-Based Decentralized Automated Dispensing Systems
    • 5.6.2.3 Automated Unit-Dose Decentralized Automated Dispensing Systems
  • 5.7 Assurance Systems

6 Global Medication Management Services Market

  • 6.1 Medication Analytics Services
  • 6.2 Point-Of-Care Verification Services
  • 6.3 Adverse Drug Effects (Ade) Surveillance Services

7 Global Medication Management Systems Market, By Mode Of Delivery

  • 7.1 Introduction
  • 7.2 Web-Based Solutions
  • 7.3 On-Premise Solutions
  • 7.4 Cloud-Based Solutions

8 Global Medication Management Systems Market, By End User

  • 8.1 Introduction
  • 8.2 Hospitals
  • 8.3 Pharmacies
  • 8.4 Other Healthcare Institutions

9 Global Medication Management Systems Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 U.S.
    • 9.2.2 Canada
    • 9.3 Europe
  • 9.3.1 U.K.
    • 9.3.2 Germany
    • 9.3.3 France
    • 9.3.4 Spain
    • 9.3.5 Italy
  • 9.4 Asia-Pacific
    • 9.4.1 Japan
    • 9.4.2 India
    • 9.4.3 China
    • 9.4.4 Rest Of Asia (Roa)
  • 9.5 Rest Of The World (Row)
    • 9.5.1 Middle East And Africa
    • 9.5.2 Latin America

10 Competitive Landscape

  • 10.1 Introduction
  • 10.2 New Product Launches
  • 10.3 Mergers And Acquisitions
  • 10.4 Partnerships, Collaborations, Agreements, And Alliances
  • 10.5 Expansions
  • 10.6 Other Developments

11 Company Profiles

  • 11.1 Allscripts Healthcare Solutions, Inc.
  • 11.2 Carefusion Corporation
  • 11.3 Ge Healthcare (A Division Of General Electric Company)
  • 11.4 Siemens Healthcare (Subsidiary Of Siemens Ag)
  • 11.5 Mckesson Corporation
  • 11.6 Cerner Corporation
  • 11.7 Optum Inc.
  • 11.8 Quadramed Corporation
  • 11.9 Omnicell, Inc.
  • 11.10 Meditech

*Details On Business Overview, Product Portfolio, Key Financials, Growth Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

List Of Tables

  • Table 1 Global Medication Management Market Size, By Product, 2012-2019 ($Million)
  • Table 2 Global Market Size, By Geography, 2012-2019 ($Million)
  • Table 3 Global Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 4 Global Computerized Physician Order Entry (Cpoe) Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 5 Global Clinical Decision Support Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 6 Global Administration Software Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 7 Global Administration Software Market Size, By Geography, 2012-2019 ($Million)
  • Table 8 Global Electronic Medication Administration Records Software Market Size, By Geography, 2012-2019 ($Million)
  • Table 9 Global Bar Code Medication Administration Software Market Size, By Geography, 2012-2019 ($Million)
  • Table 10 Global Inventory Management Software Market Size, By Geography, 2012-2019 ($Million)
  • Table 11 Global Automated Dispensing Systems Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 12 Global Automated Dispensing Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 13 Global Centralized Automated Dispensing Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 14 Global Decentralized Automated Dispensing Systems Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 15 Global Decentralized Automated Dispensing Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 16 Global Pharmacy-Based Decentralized Automated Dispensing Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 17 Global Ward-Based Decentralized Automated Dispensing Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 18 Global Automated Unit-Dose Decentralized Automated Dispensing Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 19 Global Assurance Systems Software Market Size, By Geography, 2012-2019 ($Million)
  • Table 20 Global Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 21 Global Medication Management Services Market Size, By Geography, 2012-2019 ($Million)
  • Table 22 Global Medication Analytics Services Market Size, By Geography, 2012-2019 ($Million)
  • Table 23 Global Point-Of-Care Verification Services Market Size, By Geography, 2012-2019 ($Million)
  • Table 24 Global Ade Surveillance Services Market Size, By Geography, 2012-2019 ($Million)
  • Table 25 Global Medication Management Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 26 Global Market Size, By Geography, 2012-2019 ($Million)
  • Table 27 Global On-Premises Medication Management Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 28 Global Web-Based Medical Treatment Management Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 29 Global Cloud-Based Medical Treatment Management Systems Market Size, By Geography, 2012-2019 ($Million)
  • Table 30 Global Medication Management Market Size, By End User, 2012-2019 ($Million)
  • Table 31 Global Market Size For Hospitals, 2012-2019 ($Million)
  • Table 32 Global Market Size For Pharmacies, 2012-2019 ($Million)
  • Table 33 Global Market Size For Other Helathcare Institutions, 2012-2019 ($Million)
  • Table 34 North America: Medication Management Market Size, By Country, 2012-2019 ($Million)
  • Table 35 North America: Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 36 North America: Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 37 North America: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 38 North America: Market Size, By End User, 2012-2019 ($Million)
  • Table 39 U.S.: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 40 U.S.: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 41 U.S.: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 42 U.S.: Market Size, By End User, 2012-2019 ($Million)
  • Table 43 Canada: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 44 Canada: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 45 Canada: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 46 Canada: Market Size, By End User, 2012-2019 ($Million)
  • Table 47 Europe: Medication Management Market Size, By Country, 2012-2019 ($Million)
  • Table 48 Europe: Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 49 Europe: Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 50 Europe: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 51 Europe: Market Size, By End User, 2012-2019 ($Million)
  • Table 52 Germany: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 53 Germany: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 54 Germany: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 55 Germany: Market Size, By End User, 2012-2019 ($Million)
  • Table 56 U.K.: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 57 U.K.: Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 58 U.K.: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 59 U.K.: Market Size, By End User, 2012-2019 ($Million)
  • Table 60 France: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 61 France: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 62 France: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 63 France: Market Size, By End User, 2012-2019 ($Million)
  • Table 64 Italy: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 65 Italy: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 66 Italy: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 67 Italy: Market Size, By End User, 2012-2019 ($Million)
  • Table 68 Spain: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 69 Spain: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 70 Spain: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 71 Spain: Market Size, By End User, 2012-2019 ($Million)
  • Table 72 Rest Of Europe: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 73 Rest Of Europe: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 74 Rest Of Europe: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 75 Rest Of Europe: Market Size, By End User, 2012-2019 ($Million)
  • Table 76 Apac: Medication Management Market Size, By Country, 2012-2019 ($Million)
  • Table 77 Apac: Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 78 Apac: Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 79 Apac: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 80 Apac: Market Size, By End User, 2012-2019 ($Million)
  • Table 81 Japan: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 82 Japan: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 83 Japan: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 84 Japan: Market Size, By End User, 2012-2019 ($Million)
  • Table 85 China: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 86 China: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 87 China: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 88 China: Market Size, By End User, 2012-2019 ($Million)
  • Table 89 India: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 90 India: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 91 India: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 92 India: Market Size, By End User, 2012-2019 ($Million)
  • Table 93 Roapac: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 94 Roapac: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 95 Roapac: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 96 Roapac: Market Size, By End User, 2012-2019 ($Million)
  • Table 97 Row: Medication Management Market Size, By Region, 2012-2019 ($Million)
  • Table 98 Row: Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 99 Row: Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 100 Row: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 101 Row: Market Size, By End User, 2012-2019 ($Million)
  • Table 102 Middle East & Africa: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 103 Middle East & Africa: Medication Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 104 Middle East & Africa: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 105 Middle East & Africa: Market Size, By End User, 2012-2019 ($Million)
  • Table 106 Latin America: Medication Management Market Size, By Type Of System, 2012-2019 ($Million)
  • Table 107 Latin America: Medical Treatment Management Services Market Size, By Type Of Service, 2012-2019 ($Million)
  • Table 108 Latin America: Market Size, By Mode Of Delivery, 2012-2019 ($Million)
  • Table 109 Latin America: Market Size, By End User, 2012-2019 ($Million)

List Of Figures

  • Figure 1 Research Methodology
  • Figure 2 Market Size Estimation Methodology
  • Figure 3 Data Triangulation Methodology
  • Figure 4 Global Medication Management Market, By Type ($Million)
  • Figure 5 Global Market, By Mode Of Delivery ($Million)
  • Figure 6 Global Market: High-Growth Markets, 2014
  • Figure 7 Market Segmentation
  • Figure 8 Market Dynamics
  • Figure 9 Global Market Share Analysis, 2014
  • Figure 10 Key Growth Strategies, 2011-2014
  • Figure 11 Allscripts Healthcare Solutions, Inc.: Revenue Segmentation, 2013
  • Figure 12 Allscripts Healthcare Solutions, Inc.: Total Revenue, 2011-2013 ($Million)
  • Figure 13 Allscripts Healthcare Solutions, Inc.: Total Revenue, By Segment, 2013
  • Figure 14 Allscripts Healthcare Solutions, Inc.: Total Revenue, By Geography, 2013
  • Figure 15 Carefusion Corporation: Revenue Segmentation, 2013
  • Figure 16 Carefusion Corporation: Total Revenue, 2011-2013 ($Million)
  • Figure 17 Carefusion Carporation: Total Revenue, By Segment, 2013
  • Figure 18 Medical Systems: Total Revenue, By Subsegment, 2013
  • Figure 19 Carefusion Corporation: Total Revenue, By Geography, 2013
  • Figure 20 Ge: Revenue Segmentation, 2013
  • Figure 21 Ge: Total Revenue, 2011-2013 ($Million)
  • Figure 22 Ge: Total Revenue, By Segment, 2013
  • Figure 23 Ge: Total Revenue, By Geography, 2013
  • Figure 24 Siemens Ag: Total Revenue, 2011-2013 ($Million)
  • Figure 25 Siemens Ag: Total Revenue, By Segment, 2013
  • Figure 26 Siemens Ag: Total Revenue, By Geography, 2013
  • Figure 27 Mckesson Corporation: Revenue Segmentation, 2013
  • Figure 28 Mckesson Corporation: Total Revenue, 2011-2013, ($Million)
  • Figure 29 Mckesson Corporation: Total Revenue, By Segment, 2013
  • Figure 30 Mckesson Corporation: Total Revenue, By Geography, 2013
  • Figure 31 Cerner Corporation: Revenue Segmentation, 2013
  • Figure 32 Cerner Corporation: Total Revenue, 2011-2013, ($Million)
  • Figure 33 Cerner Corporation: Total Revenue, By Segments, 2013
  • Figure 34 Cerner Corporation: Total Revenue, By Geography, 2013
  • Figure 35 Optum Inc.: Revenue Segmentation, 2013
  • Figure 36 Optum Inc.: Total Revenue, 2011-2013, ($Million)
  • Figure 37 Optum Inc.: Total Revenue, By Segments, 2013
  • Figure 38 Omnicell, Inc.: Revenue Segmentation, 2013
  • Figure 39 Omnicell, Inc.: Total Revenue, 2011-2013 ($Million)
  • Figure 40 Omnicell, Inc.: Total Revenue, By Segments, 2013
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