About Drug interaction Checker
Whenever two or more drugs are taken, there is a possibility that the drugs may interact. The interaction can hereby increase or decrease the effectiveness of the drugs. The likelihood of drug interactions increases as the number of drugs taken increases. Therefore, people who take multiple drugs are at the greatest risk for drug interactions. Drug interactions add to health care costs because of the cost of medical care required to treat problems caused by changes in ineffectiveness or side effects. Interactions can also lead to psychological distress that can be avoided. Drug interactions can make the medicine less effective, thereby causing unexpected side effects, or making a particular drug much more effective. Some drug interactions can even be harmful. A drug interaction checker is an essential part of hospital information systems that physicians can use to improve treatment and minimize the number of errors. The module is based on a drug database that contains monographs on each drug interaction. If the interaction is detected, the reviewer usually returns an entry describing the mechanism of the interaction, a severity level, and the necessary action to be taken in response to the alert. The investigator can be integrated directly into an EHR system or embedded in a clinical decision support system (CDSS), electronic prescribing software (ex), or computerized CPOE (Doctor Order Order Entry) software. Many hospitals, telemedicine systems, health technology companies, and research centers make drug interaction reviews available to patients through websites and mobile apps. By doing this, they keep people better informed, encourage patient engagement, and help them actively participate in their own health care.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Drug interaction Checker market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GenXys Health Care Systems Inc. (Canada), Blue Cross and Blue Shield of Massachusetts, Inc. (United States), Aetna Inc. (United States), Integrative Therapeutics, LLC (United States), MyRxProfile (United States), Lewis Pharmaceutical (United States) and Kareo, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Drug interaction Checker market by Type (Software and Solution), Application (Individual Use and Commercial Use) and Region.
On the basis of geography, the market of Drug interaction Checker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Drug Interaction Type, the sub-segment i.e. Drug-Drug Interactions will boost the Drug interaction Checker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Web-Based will boost the Drug interaction Checker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness Regarding Drug Consumptions and Growing Trend in Health-Care Professionals and Their Patients' Aid in the Identification of Drug-Related Adverse Effects
Market Growth Drivers:
Rising Concerns about the Unexpected Adverse Effects of Various Forms of Drug Interactions, A Rise in the Number of Workshops Exploring the Issues Related To Drug Interactions and An Upsurge in Eliminating the Risk of Side Effects Caused By Medication Combos
Challenges:
Lack of Awareness among End Users Regarding the Drug Interaction Checkers
Restraints:
Stringent Regulations Related To the Consumption of Drugs and The Lack of Gold Standard Positive and Negative Interacting Drug Pairs
Opportunities:
Increase In Hospitals and Pharmacies That Are Equipped With Robust Drug Interaction Checkers and Growing Usage of Big Data For The Purpose Of Identifying Potential Drug-Drug Interactions
February 21, HIMSS 2017 Annual Conference & Exhibition. Medisafe®, the leading personalized medication management platform with three and a half million patient and caregiver registered users, today announced a new feature to alert users of possible drug-to-drug interactions that may cause unexpected side effects and/or alter the way the medications perform. The interactions feature also includes disclosures when medications have other lifestyle implications, such as interactions with specific foods or alcohol.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Drug interaction Checker, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.