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Medication Management Market Worth $1,624.9 Million by 2019
Date:8/7/2014

hcare organizations and governments across the globe are considering medication management solutions as tools for minimizing their overall healthcare costs. This can be achieved by minimizing the hospital stay for patients, while delivering better quality of care at the same time.

The global Medication Management Market is estimated to grow at a healthy double-digit growth rate in the coming years. This growth is largely driven by the growing adoption of medication management solutions by healthcare organizations in both developed and developing countries across the world. In addition, investments by emerging countries such as China and South Korea in the medication management sector, the rising need for better healthcare, and an increase in government initiatives globally will help propel the growth of this market. However, medication management systems are perceived to be capital intensive solutions, which demand significant investments from a healthcare organization for their successful implementation and utilization. Thus, high cost of software implementation and the expenses associated with its timely up gradation and maintenance may hinder the growth of the Medication Management Market to a certain extent.

In this report, the global Medication Management Market is segmented by systems/software, services, modes of delivery, end users, and geography. This report also covers main market drivers, restraints, opportunities, and threats in the Medication Management Market. The global medication management systems market, estimated to be valued at $845.1 million in 2014, is poised to grow at a CAGR between 13% and 15% during the forecast period of 2014 to 2019.

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