The aging population, increased incidence of chronic illnesses and enhanced focus on reducing medication errors will lead the medication management market to experience strong growth through 2019, according to a MarketsandMarkets report.
The report predicts medication management tools, including medication analytics and adverse drug event surveillance software, will be worth more than $1.62 billion by 2019.
The global medication management systems market is estimated to be valued at $845.1 million in 2014, and the market is expected to experience a compound annual growth rate of between 13 percent and 15 percent from 2014 to 2019, according to the report.
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