Medication Management Market expected worth $1,624.9 Million by 2019

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MarketsandMarkets Presents
Medication Management Market North American to
Offer Significant Growth Opportunities
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dication-management-market-107137346.html
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The report Medication Management Market by
Systems (CPOE, CDSS, Automated Dispensing,
Assurance Systems), Services (Medication
Analytics, POC Verification, ADE Surveillance),
Mode of Delivery (On-Premises, Web-Based,
Cloud-Based) - Global Forecast to 2019 analyzes
and studies major market drivers, restraints, and
opportunities in North America, Europe,
Asia-Pacific, and the Rest of the World
(RoW). Browse 109 market data tables 40
figures 300 pages and in-depth TOC on "Medication
Management Market Download The PDF
Brochure_at_ http//www.marketsandmarkets.com/pdfdown
load.asp?id107137346 The global medication
management market is estimated to grow at a CAGR
of 14 from an estimated 845.1 million in 2014
during the forecast period of 20142019.
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Major factors, such as the growth in the ageing
population, need for reducing healthcare costs,
and better healthcare management are expected to
drive market growth. Several government
initiatives, such as allocation of healthcare
Information Technology (IT) funds for one, have
raised the adoption rate of medication management
systems globally. Speak to Analyst_at_ http//www.m
arketsandmarkets.com/speaktoanalyst.asp?id1071373
46 The North American market is estimated to
contribute the largest share 63.4 to the global
medication management systems market in 2014.
This would be followed by Europe, Asia-Pacific,
and the Rest of the World, in that order. The
U.S. dominated the North American market in 2014,
propelling the growth of this region. In Europe,
the medication management market was majorly
dominated by Germany and the U.K. in 2014.  .  
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An increase in government funding and budget
allocations to the healthcare sector, and the
rising adoption of healthcare IT are anticipated
to help the growth of medication management
technologies, with Germany being the front runner
in Europe. The Asia-Pacific (APAC) and Middle
Eastern regions, on the other hand, are estimated
to show the maximum growth in the next five
years. Increasing government funding towards
modernization of healthcare infrastructure along
with the growth in aging population and the
increasing need of proper medication
administration are expected to drive the growth
of this market in the APAC region. Medication
management technology helps in optimizing
individual drug therapy with the intent of
improving therapeutic outcomes for patients.
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This technology can reduce both the occurrence of
medication errors and the overall healthcare
cost, and is expected to have major implications
for both healthcare providers and patients.
Increasing government funds and increasing ageing
population will help the growth of this market
globally. Some of the leading players
in medication management market include
CareFusion Corporation (U.S.), McKesson
Corporation (U.S.), Allscripts Healthcare
Solutions, Inc. (U.S.), Cerner Corporation
(U.S.), and Siemens Healthcare (Germany).
Together, these players accounted for more than
60 of the market share in 2013. However, the
overall market is fragmented in nature, where
smaller regional players account for nearly 30
of the global market share.
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