Medication Management Market is projected to grow at a CAGR of 14.3% during the forecasting period 2021-2027.

Medications now play an important role in the management of a wide range of medical conditions that affect the elderly. The right prescriptions and over-the-counter drugs can dramatically enhance a patient's quality of life by reducing or removing their symptoms. Medication monitoring is a programme that assists people in managing their drugs so that they take them on time, every time, and avoid the risks associated with inappropriate medication administration. This service is often used in senior living communities and assisted living facilities. Medication monitoring software improves inventory management, medication dispensing, and adverse drug event control (ADE). There has been a major shortage of healthcare practitioners and pharmacists in recent years. As a result, there has been an increase in the use of drug management tools to ensure effective workflow. The increase in the number of difficulties that medical practitioners face in keeping patient records is expected to be a driving force for the drug management industry. During the forecast period, the market is expected to rise due to an increase in the amount of money spent by hospitals in streamlining clinical processes.

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The Medication Management Market report has been categorized as below
By Software:
Computerized Physician Order Entry
Clinical Decision Support System
Administration Software
Electronic Medication Administration Record (EMAR)
Barcode Medication Administration (BMA)
Inventory Management
Automated Dispensing Systems (ADS)
Centralized
Robots
Carousels
Decentralized Automated Dispensing Systems
Pharmacy-based ADS
Ward-based ADS
Automated Unit-Dose Dispensing
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
Web-based
Cloud-based
By Region
North America
Europe
Asia Pacific
Rest of World
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