Global and China Medication Therapy Management Market Size, Status and Forecast 2021-2027

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, 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.

Market Analysis and Insights: Global Medication Therapy Management Market
The global Medication Therapy Management market size is projected to reach US$ 202.8 million by 2027, from US$ 98.7 million in 2020, at a CAGR of 10.8% during 2021-2027.
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On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Medication Therapy Management market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Medication Therapy Management market.

Global Medication Therapy Management Scope and Market Size
Medication Therapy Management market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Medication Therapy Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Inhouse Medication Therapy Management
Outhouse Medication Therapy Management

Segment by Application
Medicalcare Plans
Self-paying Patients

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Cardinal Health
TabularRasa
WellCare