Report overview
Medication therapy management, generally called medicine use review in the United kingdom, is a service provided typically by pharmacists that aims to improve outcomes by helping people to better understand their health conditions and the medications used to manage them. This includes providing education on the disease state and medications used to treat the disease state, ensuring that medicines are taken correctly, reducing waste due to unused medicines, looking for any side effects, and providing education on how to manage any side effects. The process that can be broken down into five steps: medication therapy review, personal medication record, medication-related action plan, intervention and or referral, and documentation and follow-up.
This report aims to provide a comprehensive presentation of the global market for Medication Therapy Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medication Therapy Management. This report contains market size and forecasts of Medication Therapy Management in global, including the following market information:
Global Medication Therapy Management Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Medication Therapy Management market was valued at US$ 112.8 million in 2022 and is projected to reach US$ 224.5 million by 2029, at a CAGR of 10.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global Medication Therapy Management market, by type is segmented into Inhouse and Outhouse. In 2019, outhouse had the largest market share of about 65%, while inhouse had a market share of approximately 35%.
Cardinal Health, TabularRasa and WellCare, etc. are the leaders of the industry. The top 3 manufacturers achieved a total market share of over 42% in 2019.
We surveyed the Medication Therapy Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Medication Therapy Management Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Medication Therapy Management Market Segment Percentages, by Type, 2022 (%)
Inhouse Medication Therapy Management
Outhouse Medication Therapy Management
Global Medication Therapy Management Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Medication Therapy Management Market Segment Percentages, by Application, 2022 (%)
Medicalcare Plans
Self-paying Patients
Global Medication Therapy Management Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Medication Therapy Management Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Medication Therapy Management revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Medication Therapy Management revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cardinal Health
TabularRasa
WellCare
Outline of Major Chapters:
Chapter 1: Introduces the definition of Medication Therapy Management, market overview.
Chapter 2: Global Medication Therapy Management market size in revenue.
Chapter 3: Detailed analysis of Medication Therapy Management company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Medication Therapy Management in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
