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Synopsis
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.
The global Medication Therapy Management market was valued at US$ 109.6 million in 2023 and is anticipated to reach US$ 226.5 million by 2030, witnessing a CAGR of 10.8% during the forecast period 2024-2030.
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.
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.
Report Scope
The Medication Therapy Management market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Medication Therapy Management market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Medication Therapy Management companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Cardinal Health
- TabularRasa
- WellCare
Segment by Type
- Inhouse Medication Therapy Management
- Outhouse Medication Therapy Management
Segment by Application
- Medicalcare Plans
- Self-paying Patients
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Medication Therapy Management companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Medication Therapy Management Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Inhouse Medication Therapy Management
1.2.3 Outhouse Medication Therapy Management
1.3 Market by Application
1.3.1 Global Medication Therapy Management Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Medicalcare Plans
1.3.3 Self-paying Patients
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Medication Therapy Management Market Perspective (2019-2030)
2.2 Medication Therapy Management Growth Trends by Region
2.2.1 Global Medication Therapy Management Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Medication Therapy Management Historic Market Size by Region (2019-2024)
2.2.3 Medication Therapy Management Forecasted Market Size by Region (2025-2030)
2.3 Medication Therapy Management Market Dynamics
2.3.1 Medication Therapy Management Industry Trends
2.3.2 Medication Therapy Management Market Drivers
2.3.3 Medication Therapy Management Market Challenges
2.3.4 Medication Therapy Management Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Medication Therapy Management Players by Revenue
3.1.1 Global Top Medication Therapy Management Players by Revenue (2019-2024)
3.1.2 Global Medication Therapy Management Revenue Market Share by Players (2019-2024)
3.2 Global Medication Therapy Management Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Medication Therapy Management Revenue
3.4 Global Medication Therapy Management Market Concentration Ratio
3.4.1 Global Medication Therapy Management Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Medication Therapy Management Revenue in 2023
3.5 Medication Therapy Management Key Players Head office and Area Served
3.6 Key Players Medication Therapy Management Product Solution and Service
3.7 Date of Enter into Medication Therapy Management Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Medication Therapy Management Breakdown Data by Type
4.1 Global Medication Therapy Management Historic Market Size by Type (2019-2024)
4.2 Global Medication Therapy Management Forecasted Market Size by Type (2025-2030)
5 Medication Therapy Management Breakdown Data by Application
5.1 Global Medication Therapy Management Historic Market Size by Application (2019-2024)
5.2 Global Medication Therapy Management Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Medication Therapy Management Market Size (2019-2030)
6.2 North America Medication Therapy Management Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Medication Therapy Management Market Size by Country (2019-2024)
6.4 North America Medication Therapy Management Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Medication Therapy Management Market Size (2019-2030)
7.2 Europe Medication Therapy Management Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Medication Therapy Management Market Size by Country (2019-2024)
7.4 Europe Medication Therapy Management Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Medication Therapy Management Market Size (2019-2030)
8.2 Asia-Pacific Medication Therapy Management Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Medication Therapy Management Market Size by Region (2019-2024)
8.4 Asia-Pacific Medication Therapy Management Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Medication Therapy Management Market Size (2019-2030)
9.2 Latin America Medication Therapy Management Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Medication Therapy Management Market Size by Country (2019-2024)
9.4 Latin America Medication Therapy Management Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Medication Therapy Management Market Size (2019-2030)
10.2 Middle East & Africa Medication Therapy Management Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Medication Therapy Management Market Size by Country (2019-2024)
10.4 Middle East & Africa Medication Therapy Management Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Cardinal Health
11.1.1 Cardinal Health Company Detail
11.1.2 Cardinal Health Business Overview
11.1.3 Cardinal Health Medication Therapy Management Introduction
11.1.4 Cardinal Health Revenue in Medication Therapy Management Business (2019-2024)
11.1.5 Cardinal Health Recent Development
11.2 TabularRasa
11.2.1 TabularRasa Company Detail
11.2.2 TabularRasa Business Overview
11.2.3 TabularRasa Medication Therapy Management Introduction
11.2.4 TabularRasa Revenue in Medication Therapy Management Business (2019-2024)
11.2.5 TabularRasa Recent Development
11.3 WellCare
11.3.1 WellCare Company Detail
11.3.2 WellCare Business Overview
11.3.3 WellCare Medication Therapy Management Introduction
11.3.4 WellCare Revenue in Medication Therapy Management Business (2019-2024)
11.3.5 WellCare Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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