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.
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.”
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. For further information on this report, please visit https://www.technavio.com/content/global-medication-management-system-mar…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/healthcare
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Medication Management System Market 2012-2016
