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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Medication Therapy Management Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Medication Therapy Management Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Medication Therapy Management Overall Market Size
2.1 Global Medication Therapy Management Market Size: 2022 VS 2029
2.2 Global Medication Therapy Management Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Medication Therapy Management Players in Global Market
3.2 Top Global Medication Therapy Management Companies Ranked by Revenue
3.3 Global Medication Therapy Management Revenue by Companies
3.4 Top 3 and Top 5 Medication Therapy Management Companies in Global Market, by Revenue in 2022
3.5 Global Companies Medication Therapy Management Product Type
3.6 Tier 1, Tier 2 and Tier 3 Medication Therapy Management Players in Global Market
3.6.1 List of Global Tier 1 Medication Therapy Management Companies
3.6.2 List of Global Tier 2 and Tier 3 Medication Therapy Management Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Medication Therapy Management Market Size Markets, 2022 & 2029
4.1.2 Inhouse Medication Therapy Management
4.1.3 Outhouse Medication Therapy Management
4.2 By Type - Global Medication Therapy Management Revenue & Forecasts
4.2.1 By Type - Global Medication Therapy Management Revenue, 2018-2023
4.2.2 By Type - Global Medication Therapy Management Revenue, 2024-2029
4.2.3 By Type - Global Medication Therapy Management Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Medication Therapy Management Market Size, 2022 & 2029
5.1.2 Medicalcare Plans
5.1.3 Self-paying Patients
5.2 By Application - Global Medication Therapy Management Revenue & Forecasts
5.2.1 By Application - Global Medication Therapy Management Revenue, 2018-2023
5.2.2 By Application - Global Medication Therapy Management Revenue, 2024-2029
5.2.3 By Application - Global Medication Therapy Management Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Medication Therapy Management Market Size, 2022 & 2029
6.2 By Region - Global Medication Therapy Management Revenue & Forecasts
6.2.1 By Region - Global Medication Therapy Management Revenue, 2018-2023
6.2.2 By Region - Global Medication Therapy Management Revenue, 2024-2029
6.2.3 By Region - Global Medication Therapy Management Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Medication Therapy Management Revenue, 2018-2029
6.3.2 US Medication Therapy Management Market Size, 2018-2029
6.3.3 Canada Medication Therapy Management Market Size, 2018-2029
6.3.4 Mexico Medication Therapy Management Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Medication Therapy Management Revenue, 2018-2029
6.4.2 Germany Medication Therapy Management Market Size, 2018-2029
6.4.3 France Medication Therapy Management Market Size, 2018-2029
6.4.4 U.K. Medication Therapy Management Market Size, 2018-2029
6.4.5 Italy Medication Therapy Management Market Size, 2018-2029
6.4.6 Russia Medication Therapy Management Market Size, 2018-2029
6.4.7 Nordic Countries Medication Therapy Management Market Size, 2018-2029
6.4.8 Benelux Medication Therapy Management Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Medication Therapy Management Revenue, 2018-2029
6.5.2 China Medication Therapy Management Market Size, 2018-2029
6.5.3 Japan Medication Therapy Management Market Size, 2018-2029
6.5.4 South Korea Medication Therapy Management Market Size, 2018-2029
6.5.5 Southeast Asia Medication Therapy Management Market Size, 2018-2029
6.5.6 India Medication Therapy Management Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Medication Therapy Management Revenue, 2018-2029
6.6.2 Brazil Medication Therapy Management Market Size, 2018-2029
6.6.3 Argentina Medication Therapy Management Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Medication Therapy Management Revenue, 2018-2029
6.7.2 Turkey Medication Therapy Management Market Size, 2018-2029
6.7.3 Israel Medication Therapy Management Market Size, 2018-2029
6.7.4 Saudi Arabia Medication Therapy Management Market Size, 2018-2029
6.7.5 UAE Medication Therapy Management Market Size, 2018-2029
7 Medication Therapy Management Companies Profiles
7.1 Cardinal Health
7.1.1 Cardinal Health Company Summary
7.1.2 Cardinal Health Business Overview
7.1.3 Cardinal Health Medication Therapy Management Major Product Offerings
7.1.4 Cardinal Health Medication Therapy Management Revenue in Global Market (2018-2023)
7.1.5 Cardinal Health Key News & Latest Developments
7.2 TabularRasa
7.2.1 TabularRasa Company Summary
7.2.2 TabularRasa Business Overview
7.2.3 TabularRasa Medication Therapy Management Major Product Offerings
7.2.4 TabularRasa Medication Therapy Management Revenue in Global Market (2018-2023)
7.2.5 TabularRasa Key News & Latest Developments
7.3 WellCare
7.3.1 WellCare Company Summary
7.3.2 WellCare Business Overview
7.3.3 WellCare Medication Therapy Management Major Product Offerings
7.3.4 WellCare Medication Therapy Management Revenue in Global Market (2018-2023)
7.3.5 WellCare Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Medication Therapy Management Market Opportunities & Trends in Global Market
Table 2. Medication Therapy Management Market Drivers in Global Market
Table 3. Medication Therapy Management Market Restraints in Global Market
Table 4. Key Players of Medication Therapy Management in Global Market
Table 5. Top Medication Therapy Management Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Medication Therapy Management Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Medication Therapy Management Revenue Share by Companies, 2018-2023
Table 8. Global Companies Medication Therapy Management Product Type
Table 9. List of Global Tier 1 Medication Therapy Management Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Medication Therapy Management Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Medication Therapy Management Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Medication Therapy Management Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Medication Therapy Management Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Medication Therapy Management Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Medication Therapy Management Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Medication Therapy Management Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Medication Therapy Management Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Medication Therapy Management Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Medication Therapy Management Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Medication Therapy Management Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Medication Therapy Management Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Medication Therapy Management Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Medication Therapy Management Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Medication Therapy Management Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Medication Therapy Management Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Medication Therapy Management Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Medication Therapy Management Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Medication Therapy Management Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Medication Therapy Management Revenue, (US$, Mn), 2024-2029
Table 30. Cardinal Health Company Summary
Table 31. Cardinal Health Medication Therapy Management Product Offerings
Table 32. Cardinal Health Medication Therapy Management Revenue (US$, Mn) & (2018-2023)
Table 33. Cardinal Health Key News & Latest Developments
Table 34. TabularRasa Company Summary
Table 35. TabularRasa Medication Therapy Management Product Offerings
Table 36. TabularRasa Medication Therapy Management Revenue (US$, Mn) & (2018-2023)
Table 37. TabularRasa Key News & Latest Developments
Table 38. WellCare Company Summary
Table 39. WellCare Medication Therapy Management Product Offerings
Table 40. WellCare Medication Therapy Management Revenue (US$, Mn) & (2018-2023)
Table 41. WellCare Key News & Latest Developments
List of Figures
Figure 1. Medication Therapy Management Segment by Type in 2022
Figure 2. Medication Therapy Management Segment by Application in 2022
Figure 3. Global Medication Therapy Management Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Medication Therapy Management Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Medication Therapy Management Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Medication Therapy Management Revenue in 2022
Figure 8. By Type - Global Medication Therapy Management Revenue Market Share, 2018-2029
Figure 9. By Application - Global Medication Therapy Management Revenue Market Share, 2018-2029
Figure 10. By Type - Global Medication Therapy Management Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Medication Therapy Management Revenue Market Share, 2018-2029
Figure 12. By Application - Global Medication Therapy Management Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Medication Therapy Management Revenue Market Share, 2018-2029
Figure 14. By Region - Global Medication Therapy Management Revenue Market Share, 2018-2029
Figure 15. By Country - North America Medication Therapy Management Revenue Market Share, 2018-2029
Figure 16. US Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Medication Therapy Management Revenue Market Share, 2018-2029
Figure 20. Germany Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 21. France Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Medication Therapy Management Revenue Market Share, 2018-2029
Figure 28. China Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 32. India Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Medication Therapy Management Revenue Market Share, 2018-2029
Figure 34. Brazil Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Medication Therapy Management Revenue Market Share, 2018-2029
Figure 37. Turkey Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Medication Therapy Management Revenue, (US$, Mn), 2018-2029
Figure 41. Cardinal Health Medication Therapy Management Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. TabularRasa Medication Therapy Management Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. WellCare Medication Therapy Management Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
