Global Medication Therapy Management Supply, Demand and Key Producers, 2024-2030

Description

The global Medication Therapy Management market size is expected to reach $ 224.5 million by 2030, rising at a market growth of 10.3% CAGR 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.

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.

This report studies the global Medication Therapy Management demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Medication Therapy Management, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Medication Therapy Management that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Medication Therapy Management total market, 2019-2030, (USD Million)
Global Medication Therapy Management total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: Medication Therapy Management total market, key domestic companies and share, (USD Million)
Global Medication Therapy Management revenue by player and market share 2019-2024, (USD Million)
Global Medication Therapy Management total market by Type, CAGR, 2019-2030, (USD Million)
Global Medication Therapy Management total market by Application, CAGR, 2019-2030, (USD Million).

This reports profiles major players in the global Medication Therapy Management market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Cardinal Health, TabularRasa and WellCare, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Medication Therapy Management market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Medication Therapy Management Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Medication Therapy Management Market, Segmentation by Type
    Inhouse Medication Therapy Management
    Outhouse Medication Therapy Management

Global Medication Therapy Management Market, Segmentation by Application
    Medicalcare Plans
    Self-paying Patients

Companies Profiled:
    Cardinal Health
    TabularRasa
    WellCare

Key Questions Answered
1. How big is the global Medication Therapy Management market?
2. What is the demand of the global Medication Therapy Management market?
3. What is the year over year growth of the global Medication Therapy Management market?
4. What is the total value of the global Medication Therapy Management market?
5. Who are the major players in the global Medication Therapy Management market?

Table of Contents

1 Supply Summary
    1.1 Medication Therapy Management Introduction
    1.2 World Medication Therapy Management Market Size & Forecast (2019 & 2023 & 2030)
    1.3 World Medication Therapy Management Total Market by Region (by Headquarter Location)
        1.3.1 World Medication Therapy Management Market Size by Region (2019-2030), (by Headquarter Location)
        1.3.2 United States Medication Therapy Management Market Size (2019-2030)
        1.3.3 China Medication Therapy Management Market Size (2019-2030)
        1.3.4 Europe Medication Therapy Management Market Size (2019-2030)
        1.3.5 Japan Medication Therapy Management Market Size (2019-2030)
        1.3.6 South Korea Medication Therapy Management Market Size (2019-2030)
        1.3.7 ASEAN Medication Therapy Management Market Size (2019-2030)
        1.3.8 India Medication Therapy Management Market Size (2019-2030)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Medication Therapy Management Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Medication Therapy Management Major Market Trends

2 Demand Summary
    2.1 World Medication Therapy Management Consumption Value (2019-2030)
    2.2 World Medication Therapy Management Consumption Value by Region
        2.2.1 World Medication Therapy Management Consumption Value by Region (2019-2024)
        2.2.2 World Medication Therapy Management Consumption Value Forecast by Region (2025-2030)
    2.3 United States Medication Therapy Management Consumption Value (2019-2030)
    2.4 China Medication Therapy Management Consumption Value (2019-2030)
    2.5 Europe Medication Therapy Management Consumption Value (2019-2030)
    2.6 Japan Medication Therapy Management Consumption Value (2019-2030)
    2.7 South Korea Medication Therapy Management Consumption Value (2019-2030)
    2.8 ASEAN Medication Therapy Management Consumption Value (2019-2030)
    2.9 India Medication Therapy Management Consumption Value (2019-2030)

3 World Medication Therapy Management Companies Competitive Analysis
    3.1 World Medication Therapy Management Revenue by Player (2019-2024)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Medication Therapy Management Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Medication Therapy Management in 2023
        3.2.3 Global Concentration Ratios (CR8) for Medication Therapy Management in 2023
    3.3 Medication Therapy Management Company Evaluation Quadrant
    3.4 Medication Therapy Management Market: Overall Company Footprint Analysis
        3.4.1 Medication Therapy Management Market: Region Footprint
        3.4.2 Medication Therapy Management Market: Company Product Type Footprint
        3.4.3 Medication Therapy Management Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Medication Therapy Management Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Medication Therapy Management Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
        4.1.2 United States VS China: Medication Therapy Management Revenue Market Share Comparison (2019 & 2023 & 2030)
    4.2 United States Based Companies VS China Based Companies: Medication Therapy Management Consumption Value Comparison
        4.2.1 United States VS China: Medication Therapy Management Consumption Value Comparison (2019 & 2023 & 2030)
        4.2.2 United States VS China: Medication Therapy Management Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    4.3 United States Based Medication Therapy Management Companies and Market Share, 2019-2024
        4.3.1 United States Based Medication Therapy Management Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Medication Therapy Management Revenue, (2019-2024)
    4.4 China Based Companies Medication Therapy Management Revenue and Market Share, 2019-2024
        4.4.1 China Based Medication Therapy Management Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Medication Therapy Management Revenue, (2019-2024)
    4.5 Rest of World Based Medication Therapy Management Companies and Market Share, 2019-2024
        4.5.1 Rest of World Based Medication Therapy Management Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Medication Therapy Management Revenue, (2019-2024)

5 Market Analysis by Type
    5.1 World Medication Therapy Management Market Size Overview by Type: 2019 VS 2023 VS 2030
    5.2 Segment Introduction by Type
        5.2.1 Inhouse Medication Therapy Management
        5.2.2 Outhouse Medication Therapy Management
    5.3 Market Segment by Type
        5.3.1 World Medication Therapy Management Market Size by Type (2019-2024)
        5.3.2 World Medication Therapy Management Market Size by Type (2025-2030)
        5.3.3 World Medication Therapy Management Market Size Market Share by Type (2019-2030)

6 Market Analysis by Application
    6.1 World Medication Therapy Management Market Size Overview by Application: 2019 VS 2023 VS 2030
    6.2 Segment Introduction by Application
        6.2.1 Medicalcare Plans
        6.2.2 Self-paying Patients
    6.3 Market Segment by Application
        6.3.1 World Medication Therapy Management Market Size by Application (2019-2024)
        6.3.2 World Medication Therapy Management Market Size by Application (2025-2030)
        6.3.3 World Medication Therapy Management Market Size by Application (2019-2030)

7 Company Profiles
    7.1 Cardinal Health
        7.1.1 Cardinal Health Details
        7.1.2 Cardinal Health Major Business
        7.1.3 Cardinal Health Medication Therapy Management Product and Services
        7.1.4 Cardinal Health Medication Therapy Management Revenue, Gross Margin and Market Share (2019-2024)
        7.1.5 Cardinal Health Recent Developments/Updates
        7.1.6 Cardinal Health Competitive Strengths & Weaknesses
    7.2 TabularRasa
        7.2.1 TabularRasa Details
        7.2.2 TabularRasa Major Business
        7.2.3 TabularRasa Medication Therapy Management Product and Services
        7.2.4 TabularRasa Medication Therapy Management Revenue, Gross Margin and Market Share (2019-2024)
        7.2.5 TabularRasa Recent Developments/Updates
        7.2.6 TabularRasa Competitive Strengths & Weaknesses
    7.3 WellCare
        7.3.1 WellCare Details
        7.3.2 WellCare Major Business
        7.3.3 WellCare Medication Therapy Management Product and Services
        7.3.4 WellCare Medication Therapy Management Revenue, Gross Margin and Market Share (2019-2024)
        7.3.5 WellCare Recent Developments/Updates
        7.3.6 WellCare Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Medication Therapy Management Industry Chain
    8.2 Medication Therapy Management Upstream Analysis
    8.3 Medication Therapy Management Midstream Analysis
    8.4 Medication Therapy Management Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Medication Therapy Management Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
    Table 2. World Medication Therapy Management Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
    Table 3. World Medication Therapy Management Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
    Table 4. World Medication Therapy Management Revenue Market Share by Region (2019-2024), (by Headquarter Location)
    Table 5. World Medication Therapy Management Revenue Market Share by Region (2025-2030), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Medication Therapy Management Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
    Table 8. World Medication Therapy Management Consumption Value by Region (2019-2024) & (USD Million)
    Table 9. World Medication Therapy Management Consumption Value Forecast by Region (2025-2030) & (USD Million)
    Table 10. World Medication Therapy Management Revenue by Player (2019-2024) & (USD Million)
    Table 11. Revenue Market Share of Key Medication Therapy Management Players in 2023
    Table 12. World Medication Therapy Management Industry Rank of Major Player, Based on Revenue in 2023
    Table 13. Global Medication Therapy Management Company Evaluation Quadrant
    Table 14. Head Office of Key Medication Therapy Management Player
    Table 15. Medication Therapy Management Market: Company Product Type Footprint
    Table 16. Medication Therapy Management Market: Company Product Application Footprint
    Table 17. Medication Therapy Management Mergers & Acquisitions Activity
    Table 18. United States VS China Medication Therapy Management Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
    Table 19. United States VS China Medication Therapy Management Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
    Table 20. United States Based Medication Therapy Management Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Medication Therapy Management Revenue, (2019-2024) & (USD Million)
    Table 22. United States Based Companies Medication Therapy Management Revenue Market Share (2019-2024)
    Table 23. China Based Medication Therapy Management Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Medication Therapy Management Revenue, (2019-2024) & (USD Million)
    Table 25. China Based Companies Medication Therapy Management Revenue Market Share (2019-2024)
    Table 26. Rest of World Based Medication Therapy Management Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Medication Therapy Management Revenue, (2019-2024) & (USD Million)
    Table 28. Rest of World Based Companies Medication Therapy Management Revenue Market Share (2019-2024)
    Table 29. World Medication Therapy Management Market Size by Type, (USD Million), 2019 & 2023 & 2030
    Table 30. World Medication Therapy Management Market Size by Type (2019-2024) & (USD Million)
    Table 31. World Medication Therapy Management Market Size by Type (2025-2030) & (USD Million)
    Table 32. World Medication Therapy Management Market Size by Application, (USD Million), 2019 & 2023 & 2030
    Table 33. World Medication Therapy Management Market Size by Application (2019-2024) & (USD Million)
    Table 34. World Medication Therapy Management Market Size by Application (2025-2030) & (USD Million)
    Table 35. Cardinal Health Basic Information, Area Served and Competitors
    Table 36. Cardinal Health Major Business
    Table 37. Cardinal Health Medication Therapy Management Product and Services
    Table 38. Cardinal Health Medication Therapy Management Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 39. Cardinal Health Recent Developments/Updates
    Table 40. Cardinal Health Competitive Strengths & Weaknesses
    Table 41. TabularRasa Basic Information, Area Served and Competitors
    Table 42. TabularRasa Major Business
    Table 43. TabularRasa Medication Therapy Management Product and Services
    Table 44. TabularRasa Medication Therapy Management Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 45. TabularRasa Recent Developments/Updates
    Table 46. WellCare Basic Information, Area Served and Competitors
    Table 47. WellCare Major Business
    Table 48. WellCare Medication Therapy Management Product and Services
    Table 49. WellCare Medication Therapy Management Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 50. Global Key Players of Medication Therapy Management Upstream (Raw Materials)
    Table 51. Medication Therapy Management Typical Customers
List of Figure
    Figure 1. Medication Therapy Management Picture
    Figure 2. World Medication Therapy Management Total Market Size: 2019 & 2023 & 2030, (USD Million)
    Figure 3. World Medication Therapy Management Total Market Size (2019-2030) & (USD Million)
    Figure 4. World Medication Therapy Management Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
    Figure 5. World Medication Therapy Management Revenue Market Share by Region (2019-2030), (by Headquarter Location)
    Figure 6. United States Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 7. China Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 8. Europe Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 9. Japan Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 10. South Korea Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 11. ASEAN Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 12. India Based Company Medication Therapy Management Revenue (2019-2030) & (USD Million)
    Figure 13. Medication Therapy Management Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 16. World Medication Therapy Management Consumption Value Market Share by Region (2019-2030)
    Figure 17. United States Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 18. China Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 19. Europe Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 20. Japan Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 21. South Korea Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 22. ASEAN Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 23. India Medication Therapy Management Consumption Value (2019-2030) & (USD Million)
    Figure 24. Producer Shipments of Medication Therapy Management by Player Revenue ($MM) and Market Share (%): 2023
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Medication Therapy Management Markets in 2023
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Medication Therapy Management Markets in 2023
    Figure 27. United States VS China: Medication Therapy Management Revenue Market Share Comparison (2019 & 2023 & 2030)
    Figure 28. United States VS China: Medication Therapy Management Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    Figure 29. World Medication Therapy Management Market Size by Type, (USD Million), 2019 & 2023 & 2030
    Figure 30. World Medication Therapy Management Market Size Market Share by Type in 2023
    Figure 31. Inhouse Medication Therapy Management
    Figure 32. Outhouse Medication Therapy Management
    Figure 33. World Medication Therapy Management Market Size Market Share by Type (2019-2030)
    Figure 34. World Medication Therapy Management Market Size by Application, (USD Million), 2019 & 2023 & 2030
    Figure 35. World Medication Therapy Management Market Size Market Share by Application in 2023
    Figure 36. Medicalcare Plans
    Figure 37. Self-paying Patients
    Figure 38. Medication Therapy Management Industrial Chain
    Figure 39. Methodology
    Figure 40. Research Process and Data Source

Companies Mentioned

Cardinal Health
TabularRasa
WellCare