GITNUX MARKETDATA REPORT 2024

Medication Management Industry Statistics

The medication management industry is expected to continue growing rapidly due to increasing elderly population and advancements in technology.

Statistic 1

"The global medication management market size was valued at USD 3.36 billion in 2021."

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Statistic 2

"The global medication management market is expected to grow at a CAGR of 12.4% from 2022 to 2029."

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Statistic 3

"North America held the largest share of the medication management market in 2020."

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Statistic 4

"Computerized Physician Order Entry Systems represented the largest technology in 2020 at the global level for medication management."

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Statistic 5

"The home healthcare market is set to witness substantial growth, which can boost the demand for medication management systems."

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Statistic 6

"The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period in the medication management market."

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Statistic 7

"Software solutions had the largest share in the medication management market in 2020."

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Statistic 8

"The fear of medication errors is a key driving force behind the growth of medication management systems."

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Statistic 9

"By 2025, it is estimated that the Medication Management will register a 14.0% CAGR in terms of revenue."

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Statistic 10

"Over 50% of Americans have used one or more prescription drugs in the past 30 days, which increases the need for medication management systems."

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Statistic 11

"Clinical decision support systems (CDSS) are projected to have the higher growth rate to 2029."

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Statistic 12

"The rise in chronic diseases has led to an increased demand for medication management systems."

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Statistic 13

"By 2027, the global medication management system market is expected to reach $9.3 billion."

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Statistic 14

"In response to the COVID-19 pandemic, the adoption of medication management systems increased by 25%."

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Statistic 15

"The incorporation of AI in medication management applications is projected to catalyze the market growth by 30%."

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Statistic 16

"The online sales channel for medication management applications will grow at 18% CAGR during 2022-2026."

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Statistic 17

"Around 484,021 hospitalizations in 2019 in the USA were due to medication-related issues, indicating the urgency for improved medication management systems."

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Statistic 18

"About 83% of medication management users reported improved medication adherence."

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Statistic 19

"Over 70% of hospitals have adopted some form of a medication management system."

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