Asia Pacific Medication Management System Market By Software (Clinical Decision Support System Solutions, Computerized Physician Order Entry (CPOE), Inventory Management Solutions, Electronic Medication Administration Record, and Other Software), By Mode of Delivery (Cloud-based, Web-based and On-premise), By End-user (Hospitals, Pharmacies and Other end-users), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Asia Pacific Medication Management System Market would witness market growth of 22.4% CAGR during the forecast period (2020-2026).
Medication management helps in enabling the process of administration, prescribing, and supply of medicines which can be monitored & authenticated electronically. Over the past few years, there is considerable growth in the medication management market. This is attributed to the growing incidence of chronic diseases and swift growth in the elderly population The high demand for computerized physician order entry systems has increased over years owing to the increasing demand for remote patient monitoring services.
Number of prescriptions has witnessed a high increment, which is anticipated to support the adoption of medication management solutions in healthcare sector. Increased number of established hospitals which are constantly looking for better automated solutions and putting more investment for purchasing new software. The adoption of medication management reduces the possibilities of medication errors & it is also expected to boost the market growth.
The demand for IT solutions is continuously increasing in the healthcare sector; thereby the adoption of healthcare IT services is also rising. This is the major factor which is boosting the medication management system market.
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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Pharmacies Market by Country in 2019, growing at a CAGR of 19.4 % during the forecast period. The Japan market is exhibiting a CAGR of 23% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 23% during (2020 - 2026).
The Inventory Management Solutions market dominated the Malaysia Medication Management System Market by Software in 2019, thereby, achieving a market value of $29.3 Million by 2026. The Computerized Physician Order Entry (CPOE) market is estimated to grow at a CAGR of 23.7% during (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:
- Clinical Decision Support System Solutions
- Computerized Physician Order Entry (CPOE)
- Inventory Management Solutions
- Electronic Medication Administration Record
- Other Software
By Mode of Delivery
- Other end-users
- South Korea
- Rest of Asia Pacific
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.
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