Canada Medication Management System Market Size & Outlook
Canada medication management system market, 2018-2030 (US$M)
Related Markets
Canada medication management system market highlights
- The Canada medication management system market generated a revenue of USD 0.1 million in 2023 and is expected to reach USD 0.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, clinical decision support system solutions was the largest revenue generating software in 2023.
- Computerized Physician Order Entry is the most lucrative software segment registering the fastest growth during the forecast period.
Medication management system market data book summary
| Market revenue in 2023 | USD 0.1 million |
| Market revenue in 2030 | USD 0.3 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Clinical decision support system solutions |
| Fastest growing segment | Computerized Physician Order Entry |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computerized Physician Order Entry, Clinical Decision Support System Solutions, Other Software |
| Key market players worldwide | Becton Dickinson & Co, GE HealthCare Technologies Inc Common Stock, McKesson Corp, Oracle Corp, Omnicell Inc, Hyland, Talyst, QuadraMed |
Other key industry trends
- In terms of revenue, Canada accounted for 7.4% of the global medication management system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medication management system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 0.3 million by 2030.
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Medication Management System Market Scope
Medication Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada medication management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medication management system market will help companies and investors design strategic landscapes.
Clinical decision support system solutions was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Canada medication management system market based on computerized physician order entry, clinical decision support system solutions, other software covering the revenue growth of each sub-segment from 2018 to 2030.
Growing geriatric population, rising incidence of chronic & infectious diseases, improvements in healthcare infrastructure, and rising adoption and awareness on medication management are expected to be the key factors for the growth of medication management market in Canada.
Aging population is one of the key concerns of Canada. It is estimated that nearly one fourth of the country’s population will be above 65 years by 2035. This is expected to increase the number of prescriptions and thereby demand for medication management solutions.
These solutions are expected to help in reducing the adverse reactions and wrong medications. According to the Canadian Patient Safety Institute, between 2014 and 2015, 138,000 out of 2.5 million hospital stays in Canada involved harmful events.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medication management system market , including forecasts for subscribers. This country databook contains high-level insights into Canada medication management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medication management system market size, by software, 2018-2030 (US$M)
Canada Medication Management System Market Outlook Share, 2023 & 2030 (US$M)
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