RnRMarketResearch.com adds “Global
Medication Management System Market 2012-2016” new report on its
database.
TechNavio recognizes the
following companies as the key players in the Global Medication Management
System Market: B. Braun Melsungen AG, Baxter International Inc., CareFusion
Corp., and Hospira Inc.
TechNavio’s analysts
forecast the Global Medication Management System market to grow at a CAGR of
5.42 percent over the period 2012-2016. One of the key factors contributing to
this market growth is increase in aging population. The Global Medication
Management System market has also been witnessing the trend of increase in
mergers and acquisitions. However, reluctance of patients to adopt medication
management system could pose a challenge to the growth of this market.
Commenting on the report,
an analyst from TechNavio's Healthcare team said: ''The Global Medication
Management Systems market has been witnessing a spate of mergers and
acquisitions by leading vendors to enhance their production capability and
market presence, and to prevent the loss of patents. The mergers and
acquisitions have helped vendors to better focus on product design and sales
through collaborations in the market, while keeping their profit margins high.
For instance, in August 2012, Hospira acquired Active Pharmaceutical Ingredient
Manufacturing and R&D Facilities from Orchid Chemicals &
Pharmaceuticals Ltd. Similarly, in February 2012, Baxter acquired Synovis Life
Technologies Inc. Such collaborative activities have enabled substantial
synergies for many vendors, including an enviable combination of a global
customer base and a complementary high-growth portfolio of products and
solutions. Thus, the increasing number of mergers and acquisitions is expected
to positively influence the growth of the Global Medication Management Systems
market.''
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According to the report,
one of the main drivers in this market is the steadily increasing aging
population worldwide. The high incidence of diseases and illnesses among the
aging population has led to an increase in the use of medication and
hospitalization, thereby resulting in high demand for medication management
systems.
Further, the report
states that one of the key challenges in this market is the low adoption of
medication management systems among patients. Many patients do not feel the
need for assistance and are therefore reluctant to adopt medication management
systems as part of their therapeutic regimen.
The report also includes
a discussion of the other vendors operating in this market. The other vendors
in the market are Fresenius Medical Care AG, Webster Care, and Terumo Medical
Corp.
The study was conducted
using an objective combination of primary and secondary information including
inputs from key participants in the industry. The report contains a comprehensive
market and vendor landscape in addition to a SWOT analysis of the key vendors.
TechNavio’s report, the
Global Medication Management System market, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the Americas, the EMEA region, and the APAC region; it also covers the Global
Medication Management System market landscape and its growth prospects in the
coming years. The report also includes a discussion of the key vendors
operating in this market.
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