Medication Management Market Report Scope & Overview:

The Medication Management Market Size was valued at USD 2.44 billion in 2022 and is expected to reach USD 5.62 billion by 2030, and grow at a CAGR of 11% over the forecast period 2023-2030.

Medication management is a method that makes sure the patient knows the rationale behind the prescriptions and takes them correctly and on-time. It also emphasizes enhancing the patient's utilisation of drugs to treat their ailment. Medication rebalancing, medication therapy management, patient and family education on drugs, and patient-specific medication setup simulations are just a few examples of interventions.

Medication Management Market Revenue Analysis

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Medication management is a process for tracking, monitoring, and reconciling a person's prescriptions. Over-the-counter drugs, dietary supplements, vitamins, and other traditional therapy are some of the pharmaceutical management considerations. This procedure ensures patient adherence and helps prevent unfavorable drug combinations, side effects, and other complications. Medication management is a crucial component of individualised care since it aids in achieving the care plan's objective and achieving targeted health results.



  • Technological Advancements Driving Market Growth

  • Healthcare Reforms Include Medication Management Services, Fueling Growth

  • The demand for medication management systems is accelerating due to the ageing population growth and the high prevalence of chronic illness.

  • Systems for Managing Prescription Drugs Lower Healthcare Costs


  • The market's growth is hampered by a lack of adoption of medication management systems.

  • The market's growth would be constrained by high implementation and maintenance costs.


  • The market for medication management systems in emerging nations has enormous potential.

  • Putting More Emphasis on Value-Based Medicine to Encourage Market Development


  • Infrastructure and knowledge gaps exist in developing nations.

  • Costly implementation


The COVID-19 epidemic had a favourable effect on the market. The current pandemic is placing a heavy pressure on medical facilities all across the world. Lockdowns and social isolation were used to stop the infection's spread. Patients with chronic illnesses who couldn't go to medical centers for standard care and prescription administration suffered. These patients have quick and easy access thanks to retail pharmacies. Community pharmacists' participation in these centers’ management of chronic health conditions and promotion of medication adherence during this pandemic was crucial in easing the pressure on the world's overworked healthcare systems.

By Software

The market leader and contributor to the biggest revenue share was the inventory management segment. The cost of medications and related expenses makes up a sizable amount of hospital and pharmacy budgets. Healthcare systems are working to save costs and waste as much as possible. Therefore, it is projected that the growing requirement for workflow standardization, streamlined procedures, and effective inventory procurement would help to the expansion of this industry.

The adoption of the Health Information Technology for Economic and Clinical Health (HITECH) Act has led to a rise in the integration of IT software in healthcare systems. The goal of this law is to aid healthcare providers in providing better treatment. Government policies that support IT integration in healthcare are therefore a key factor in industry expansion.

By Services

The point-of-care verification, medication analytics, and ADE (adverse drug events) surveillance segments of the industry are each described below.

By End-users

One of the major end users of IT solutions and the segment with the biggest revenue share is healthcare. In recent years, hospitals have begun making significant financial investments in the acquisition and modernization of their IT systems. They are concentrating on enhancing workflow effectiveness, safely delivering medication, and streamlining intricate clinical procedures. Hospitals now hold the highest market share thanks to these procedures.

A CAGR is anticipated for the category during the forecast period as pharmacy continues to be a key end-user of IT solutions. Some of the major causes of the expansion of medication management solutions in pharmacies are an increase in the number of prescriptions and a lack of pharmacists.

By Mode of Delivery

The market leader and source of the biggest revenue share was the segment of cloud-based solutions. For simple information exchange with clients and other stakeholders, a number of firms are creating cloud-based deployment solutions. Demand for commercially available cloud solutions is likely to be significantly influenced by the ease with which information may be accessed in remote locations using such solutions. In addition, the market is projected to grow in the next years due to the emphasis on patient data privacy and the adoption of regulations related to it.

Due to several security flaws in web-based and on-premises deployment, cloud-based technology deployment is getting a lot of popularity. Cloud service providers also provide solutions that address different threats and provide protection against data loss and theft. As a result, this market segment accounts for a sizeable portion of the market. The second-largest market share for medication management systems was held by web-based solutions. This can be linked to doctors increasingly favoring web-based technologies over cloud-based ones because they are more affordable.


By Software

By Services

  • Medication Analytics

  • Point-of-Care Verification

  • ADE Surveillance

By End-users

  • Hospitals

  • Pharmacy

  • Others

By Mode of Delivery

  • On-premises

  • Cloud-based

Medication Management Market Segmentation Analysis

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With the biggest market share, the North American market led the world market for medication management. Europe, APAC, and Row were next. The APAC area has the greatest potential for growth over the next few years. This market will be driven in part by the urgent need for modernizing the healthcare infrastructure as a result of the ageing population rise and rising prevalence of chronic diseases. Medical treatment management market expansion is anticipated to be led by nations like South Korea, China, and Singapore in the APAC region.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The Major key players are Omnicell, Inc., Allscripts, Cerner Corporation, Becton Dickinson and Company (CareFusion), McKesson CorporationQuadra Med Affinity Corporation, GE Healthcare, and other players.

Cerner Corporation-Company Financial Analysis

Company Landscape Analysis

Medication Management Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 2.44 Billion
Market Size by 2030 US$ 5.62 Billion
CAGR CAGR of 11% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Software (Computerized Physician Order Entry, Clinical Decision Support System, Administration Software, Inventory Management, Automated Dispensing Systems (ADS), Assurance System Software)
• By Services (Medication Analytics, Point-of-Care Verification, ADE Surveillance)
• By End-users (Hospitals, Pharmacy, Others)
• By Mode of Delivery (On-premises, Cloud-based)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Omnicell, Inc., Allscripts, Cerner Corporation, McKesson Corporation, Becton Dickinson and Company (CareFusion), Quadra Med Affinity Corporation, GE Healthcare, and other players.
DRIVERS • Technological Advancements Driving Market Growth
• Healthcare Reforms Include Medication Management Services, Fueling Growth
• The demand for medication management systems is accelerating due to the ageing population growth and the high prevalence of chronic illness.
RESTRAINTS • The market's growth is hampered by a lack of adoption of medication management systems.
• The market's growth would be constrained by high implementation and maintenance costs.

Frequently Asked Questions

Ans: The Medication Management Market size was valued at US$ 2.44 billion in 2022.

 With the biggest market share, the North American market led the world market for medication management.

Medication Management Market is divided into three segments and they are By Software, By Services, By End-users, and By Mode of Delivery 

 The market's growth is hampered by a lack of adoption of medication management systems are the restraints of the market.

Ans: The Medication Management market is growing at a CAGR of 11% over the forecast period 2023-2030.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Medication Management Market Segmentation, By Software

8.1 Computerized Physician Order Entry

8.2 Clinical Decision Support System

8.3 Administration Software

8.4 Inventory Management

8.5 Automated Dispensing Systems (ADS)

8.6 Assurance System Software

9. Medication Management Market Segmentation, By Services

9.1 Medication Analytics

9.2 Point-of-Care Verification

9.3 ADE Surveillance

10. Medication Management Market Segmentation, By End-users

10.1 Hospitals

10.2 Pharmacy

10.3 Others

11. Medication Management Market Segmentation, By Mode of Delivery

11.1 On-premises

11.2 Cloud-based

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profiles

13.1 Omnicell, Inc.

            13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Allscripts

13.3 Cerner Corporation

13.4 Becton

13.5 McKesson Corporation

13.6 Dickinson and Company (CareFusion)

13.7 Quadra Med Affinity Corporation

13.8 GE Healthcare.

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Data Bank Validation

Step 4: QA/QC Process

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