Global Medication Error Reporting Market is estimated to value over USD 788.3 million by 2026 end and is expected to register a CAGR of 11.7% over the forecast period 2019 to 2026.
Minimizing medication errors is the primary agenda of nations across the world, with patient safety as the point of focus. Healthcare professionals are facing daily challenges for streamlining workflow, efficiently managing clinical operations and reducing costs. Therefore, the demand for automated solutions has been on a rise in recent years. An increasing number of prescriptions has burdened care providers with maintaining the quality of managing prescriptions and keeping medication error numbers to a bare minimum. Nonetheless, this burdening and lack of automation can cause human errors in prescribing medicine which can prove fatal. This rise in the number of prescriptions is one instrumental factor that drives market growth. Moreover, a dearth of healthcare professionals and pharmacists shall further augment the market growth