The North America Medication Management System Market would witness market growth of 18.5% CAGR during the forecast period (2020-2026). With the help of the medication management system, an organization can optimize individual drug therapy. This ensures improvement in therapeutic outcomes for patients.
The chances of medication errors as well as the overall healthcare cost can be reduced by adopting this technology & the technology could have major impact for both patients and healthcare providers. Some factors such as rising aging population & massive government investments are expected to be instrumental for the market growth.
Moreover, hospitals are investing more in services & solutions in order to improve the quality of treatment which is contributing to the market growth of the medication management system. As per the report by the International Diabetes Federation, it is estimated that the global expenditures for diabetes treatment will increase from USD 760 - 845 billion by the end of 2045. Diabetes is a chronic disease and it has life-threatening effects on the cardiovascular, renal as well as nervous system if left untreated. This disease is one of the leading causes of death across the globe.
Factors like rising investment by hospitals in order to enhance workflow, technological advancement in medical field, and awareness about decreasing medication errors have contributed to market growth. Moreover, the market growth is expected to propel due to the high adoption of IT in the healthcare industry across the globe.
Based on Software, the market is segmented into Clinical Decision Support System Solutions, Computerized Physician Order Entry (CPOE), Inventory Management Solutions, Electronic Medication Administration Record, and Other Software. Based on Mode of Delivery, the market is segmented into Cloud-based, Web-based and On-premise. Based on End-user, the market is segmented into Hospitals, Pharmacies and Other end-users. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The USA market dominated the North America Computerized Physician Order Entry (CPOE) Market by Country in 2019, growing at a CAGR of 17.5 % during the forecast period. The Canada market is experiencing a CAGR of 18.2% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 21.3% during (2020 - 2026).
The Cloud-based market dominated the Canada Medication Management System Market by Mode of Delivery in 2019, thereby, achieving a market value of $264.3 Million by 2026. The Web-based market is expected to witness a CAGR of 17.2% during (2020 - 2026).
Free Valuable Insights: Medication Management System Market in North America is expected to register a CAGR of 18.5% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AllScripts Healthcare Solutions, Inc. (A-S Medication Solutions), Siemens AG, Becton, Dickinson and Company, Cerner Corporation, General Electric (GE) Co. (GE Healthcare), McKesson Corporation, UnitedHealth Group, Inc. (Optum, Inc.), Omnicell, Inc., Kuka AG (Talyst, LLC), and ARxIUM, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Software
- Clinical Decision Support System Solutions
- Computerized Physician Order Entry (CPOE)
- Inventory Management Solutions
- Electronic Medication Administration Record
- Other Software
By Mode of Delivery
- Cloud-based
- Web-based
- On-premise
By End-User
- Hospitals
- Pharmacies
- Other end-users
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- AllScripts Healthcare Solutions, Inc. (A-S Medication Solutions)
- Siemens AG
- Becton, Dickinson and Company
- Cerner Corporation
- General Electric (GE) Co. (GE Healthcare)
- McKesson Corporation
- UnitedHealth Group, Inc. (Optum, Inc.)
- Omnicell, Inc.
- Kuka AG (Talyst, LLC)
- ARxIUM, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Medication Management System Market, by Software
1.4.2 North America Medication Management System Market, by Mode of Delivery
1.4.3 North America Medication Management System Market, by End User
1.4.4 North America Medication Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Nov – 2021, Jan) Leading Players
Chapter 4. North America Medication Management System Market by Software
4.1 North America Clinical Decision Support System Solutions Market by Country
4.2 North America Computerized Physician Order Entry (CPOE) Market by Country
4.3 North America Inventory Management Solutions Market by Country
4.4 North America Electronic Medication Administration Record Market by Country
4.5 North America Other Software Market by Country
Chapter 5. North America Medication Management System Market by Mode of Delivery
5.1 North America Cloud-based Market by Country
5.2 North America Web-based Market by Country
5.3 North America On-premise Market by Country
Chapter 6. North America Medication Management System Market End-user
6.1 North America Hospitals Market by Country
6.2 North America Pharmacies Market by Country
6.3 North America Other end-users Market by Country
Chapter 7. North America Medication Management System Market by Country
7.1 USA Medication Management System Market
7.1.1 USA Medication Management System Market by Software
7.1.2 USA Medication Management System Market by Mode of Delivery
7.1.3 USA Medication Management System Market End-user
7.2 Canada Medication Management System Market
7.2.1 Canada Medication Management System Market by Software
7.2.2 Canada Medication Management System Market by Mode of Delivery
7.2.3 Canada Medication Management System Market End-user
7.3 Mexico Medication Management System Market
7.3.1 Mexico Medication Management System Market by Software
7.3.2 Mexico Medication Management System Market by Mode of Delivery
7.3.3 Mexico Medication Management System Market End-user
7.4 Rest of North America Medication Management System Market
7.4.1 Rest of North America Medication Management System Market by Software
7.4.2 Rest of North America Medication Management System Market by Mode of Delivery
7.4.3 Rest of North America Medication Management System Market End-user
Chapter 8. Company Profiles
8.1 AllScripts Healthcare Solutions, Inc. (A-S Medication Solutions)
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expense
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Acquisition and Mergers:
8.1.4.3 Product Launches and Product Expansions:
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.3 Becton, Dickinson and Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.5.2 Product Launches and Product Expansions:
8.4 Cerner Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 General Electric (GE) Co. (GE Healthcare)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.6 McKesson Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.5.3 Product Launches and Product Expansions:
8.7 UnitedHealth Group, Inc. (Optum, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Acquisition and Mergers:
8.8 Omnicell, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisition and Mergers:
8.9 Kuka AG (Talyst, LLC)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
8.10. ARxIUM, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Product Launches and Product Expansions:
TABLE 1 North America Medication Management System Market, 2016 - 2019, USD Million
TABLE 2 North America Medication Management System Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Medication Management System Market
TABLE 4 Product Launches And Product Expansions– Medication Management System Market
TABLE 5 Acquisition and Mergers– Medication Management System Market
TABLE 6 North America Medication Management System Market by Software, 2016 - 2019, USD Million
TABLE 7 North America Medication Management System Market by Software, 2020 - 2026, USD Million
TABLE 8 North America Clinical Decision Support System Solutions Market by Country, 2016 - 2019, USD Million
TABLE 9 North America Clinical Decision Support System Solutions Market by Country, 2020 - 2026, USD Million
TABLE 10 North America Computerized Physician Order Entry (CPOE) Market by Country, 2016 - 2019, USD Million
TABLE 11 North America Computerized Physician Order Entry (CPOE) Market by Country, 2020 - 2026, USD Million
TABLE 12 North America Inventory Management Solutions Market by Country, 2016 - 2019, USD Million
TABLE 13 North America Inventory Management Solutions Market by Country, 2020 - 2026, USD Million
TABLE 14 North America Electronic Medication Administration Record Market by Country, 2016 - 2019, USD Million
TABLE 15 North America Electronic Medication Administration Record Market by Country, 2020 - 2026, USD Million
TABLE 16 North America Other Software Market by Country, 2016 - 2019, USD Million
TABLE 17 North America Other Software Market by Country, 2020 - 2026, USD Million
TABLE 18 North America Medication Management System Market by Mode of Delivery, 2016 - 2019, USD Million
TABLE 19 North America Medication Management System Market by Mode of Delivery, 2020 - 2026, USD Million
TABLE 20 North America Cloud-based Market by Country, 2016 - 2019, USD Million
TABLE 21 North America Cloud-based Market by Country, 2020 - 2026, USD Million
TABLE 22 North America Web-based Market by Country, 2016 - 2019, USD Million
TABLE 23 North America Web-based Market by Country, 2020 - 2026, USD Million
TABLE 24 North America On-premise Market by Country, 2016 - 2019, USD Million
TABLE 25 North America On-premise Market by Country, 2020 - 2026, USD Million
TABLE 26 North America Medication Management System Market End-user, 2016 - 2019, USD Million
TABLE 27 North America Medication Management System Market End-user, 2020 - 2026, USD Million
TABLE 28 North America Hospitals Market by Country, 2016 - 2019, USD Million
TABLE 29 North America Hospitals Market by Country, 2020 - 2026, USD Million
TABLE 30 North America Pharmacies Market by Country, 2016 - 2019, USD Million
TABLE 31 North America Pharmacies Market by Country, 2020 - 2026, USD Million
TABLE 32 North America Other end-users Market by Country, 2016 - 2019, USD Million
TABLE 33 North America Other end-users Market by Country, 2020 - 2026, USD Million
TABLE 34 North America Medication Management System Market by Country, 2016 - 2019, USD Million
TABLE 35 North America Medication Management System Market by Country, 2020 - 2026, USD Million
TABLE 36 USA Medication Management System Market, 2016 - 2019, USD Million
TABLE 37 USA Medication Management System Market, 2020 - 2026, USD Million
TABLE 38 USA Medication Management System Market by Software, 2016 - 2019, USD Million
TABLE 39 USA Medication Management System Market by Software, 2020 - 2026, USD Million
TABLE 40 USA Medication Management System Market by Mode of Delivery, 2016 - 2019, USD Million
TABLE 41 USA Medication Management System Market by Mode of Delivery, 2020 - 2026, USD Million
TABLE 42 USA Medication Management System Market End-user, 2016 - 2019, USD Million
TABLE 43 USA Medication Management System Market End-user, 2020 - 2026, USD Million
TABLE 44 Canada Medication Management System Market, 2016 - 2019, USD Million
TABLE 45 Canada Medication Management System Market, 2020 - 2026, USD Million
TABLE 46 Canada Medication Management System Market by Software, 2016 - 2019, USD Million
TABLE 47 Canada Medication Management System Market by Software, 2020 - 2026, USD Million
TABLE 48 Canada Medication Management System Market by Mode of Delivery, 2016 - 2019, USD Million
TABLE 49 Canada Medication Management System Market by Mode of Delivery, 2020 - 2026, USD Million
TABLE 50 Canada Medication Management System Market End-user, 2016 - 2019, USD Million
TABLE 51 Canada Medication Management System Market End-user, 2020 - 2026, USD Million
TABLE 52 Mexico Medication Management System Market, 2016 - 2019, USD Million
TABLE 53 Mexico Medication Management System Market, 2020 - 2026, USD Million
TABLE 54 Mexico Medication Management System Market by Software, 2016 - 2019, USD Million
TABLE 55 Mexico Medication Management System Market by Software, 2020 - 2026, USD Million
TABLE 56 Mexico Medication Management System Market by Mode of Delivery, 2016 - 2019, USD Million
TABLE 57 Mexico Medication Management System Market by Mode of Delivery, 2020 - 2026, USD Million
TABLE 58 Mexico Medication Management System Market End-user, 2016 - 2019, USD Million
TABLE 59 Mexico Medication Management System Market End-user, 2020 - 2026, USD Million
TABLE 60 Rest of North America Medication Management System Market, 2016 - 2019, USD Million
TABLE 61 Rest of North America Medication Management System Market, 2020 - 2026, USD Million
TABLE 62 Rest of North America Medication Management System Market by Software, 2016 - 2019, USD Million
TABLE 63 Rest of North America Medication Management System Market by Software, 2020 - 2026, USD Million
TABLE 64 Rest of North America Medication Management System Market by Mode of Delivery, 2016 - 2019, USD Million
TABLE 65 Rest of North America Medication Management System Market by Mode of Delivery, 2020 - 2026, USD Million
TABLE 66 Rest of North America Medication Management System Market End-user, 2016 - 2019, USD Million
TABLE 67 Rest of North America Medication Management System Market End-user, 2020 - 2026, USD Million
TABLE 68 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 69 Key Information – Siemens AG
TABLE 70 Key information – Becton, Dickinson and Company
TABLE 71 key information – Cerner Corporation
TABLE 72 Key Information – General Electric (GE) Co.
TABLE 73 Key Information – McKesson Corporation
TABLE 74 Key Information – UnitedHealth Group, Inc.
TABLE 75 Key Information – Omnicell, Inc.
TABLE 76 Key Information –Kuka AG
TABLE 77 key information – ARxIUM, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Nov – 2021, Jan) Leading Players
FIG 5 Recent strategies and developments: AllScripts Healthcare Solutions, Inc.
FIG 6 Recent strategies and developments: Becton, Dickinson and Company
FIG 7 Recent strategies and developments: McKesson Corporation
FIG 8 Recent strategies and developments: UnitedHealth Group, Inc.
FIG 9 Recent strategies and developments: Omnicell, Inc.
FIG 10 Recent strategies and developments: Kuka AG
FIG 11 Recent strategies and developments: ARxIUM, Inc.