LAMEA 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 Latin America, Middle East and Africa Medication Management System Market would witness market growth of 23.1% CAGR during the forecast period (2020-2026). A surge in government funding as well as budget allocations to the healthcare sector, and the increasing adoption of healthcare IT are likely to help the growth of medication management technologies.
The government funding towards the advancement of healthcare infrastructure is increasing along with the growth in the aging population and the growing need for better medication administration, thereby driving the growth of this market. The emphasis on value-based medicine is also increasing which is escalated by the assistance from government organizations & these factors act as drivers for the growth of the medication management market.
Clinical Decision Support Systems (CDSS) is a healthcare IT system which is developed particularly to help clinical decision support for healthcare professionals. CDS includes several tools that are helpful in improving decision-making in the clinical workflow. Moreover, the increasing need for limiting the human errors, growing demand for minimizing healthcare expenditure, requirement for enhancement in quality of care, increasing chronic disease population, and increasing rate of adoption in developing economies are the major driving factors.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Clinical Decision Support System Solutions Market by Country in 2019, thereby, achieving a market value of $33.6 Million by 2026. The Argentina market would witness a CAGR of 23.5% during (2020 - 2026). Additionally, The UAE market is estimated to grow at a CAGR of 22.1% during (2020 - 2026).
The Cloud-based market dominated the South Africa Medication Management System Market by Mode of Delivery in 2019, growing at a CAGR of 22.8 % during the forecast period. The Web-based market is expected to witness a CAGR of 22.9% 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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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