Zion Market Research Medication Management Market, 2016–2024 | Page 3

Medication Management Market
administration and electronic medication administration record. Similarly, an automated
dispensing system is sub-segmented as centralized automated dispensing systems and
decentralized automated dispensing systems. The centralized automated dispensing
systems can be divided into carousels and robots. The decentralized automated dispensing
systems can be divided into automated unit-dose dispensing, pharmacy-based ADS, and
ward-based ADS. Based on the services, the market is categorized into ADE surveillance,
medication analytics, and point-of-care verification. On the basis of mode of delivery, the
market is bifurcated into on-premises, cloud-based, and web based. Depending on the end
users where the medication management system is used the market is categorized into a
pharmacy, hospitals, and others.
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Global Medication Management Market: Growth Factors
The key factor that is driving the medication management market is the increase in the rate
of diseases. This rise in the diseases has increased the use of medicines which in turn has
increased the rate of drug prescriptions. Thus to monitor the availability and the supply of
the medicines and drugs the medication management system is playing a major role in the
healthcare sector. The increasing number of geriatric population that is suffering from
chronic diseases is also elevating the growth of the medication management market. As the
medication management system makes the drug management an easy task a lot of time
and cost is saved, thus the system is in high demand. The limitation adoption of the system
owing to the high cost of services is hampering the growth of the market.