Europe 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 Europe Medication Management System Market would witness market growth of 19.2% CAGR during the forecast period (2020-2026). A large number of players are focusing on developing cloud-based deployment solutions that can facilitate easy information that can be shared with clients and stakeholders.
The prime factor that supports the growth of the medication management system market is the easy access of information in remote locations using such solutions. The global market is expected to witness bright growth prospects due to the increasing focus on patient data protection & the advent of laws regarding it.
Automated solutions in pharmacies are increasingly adopted and it is anticipated to reduce the workload on pharmacists and support efficient management of prescriptions of patients. In addition to it, the numbers of prescriptions that are dispensed by pharmacies are increasing due to the increasing burden of chronic and infectious diseases. All these factors are anticipated to surge the demand for automated management solutions.
Factors like increasing aging population, rising demand for minimizing healthcare costs, and improved healthcare management are likely to boost the market growth. The government of many countries are taking initiatives, like allocation of healthcare Information Technology (IT) funds to increase the adoption rate of medication management systems across the globe. The swift increase in the geriatric population, demand for reduced healthcare cost, technological development, and rising demand for remote patient monitoring services are the primary growth drivers for the medication management 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Web-based Market by Country in 2019, growing at a CAGR of 17.9 % during the forecast period. The UK market is showcasing a CAGR of 17.5% during (2020 - 2026). Additionally, The France market is poised to witness a CAGR of 20.1% during (2020 - 2026).
The Hospitals market dominated the Italy Medication Management System Market End-user in 2019thereby, achieving a market value of $51.9 Million by 2026. The Pharmacies market is expected to witness a CAGR of 19.7% 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
- Rest of Europe
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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