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Pharmacy Management System Market

Pharmacy Management System Market Forecasts to 2028 – Global Analysis By Deployment Mode (On-Premise, and Cloud/Web-Based), Component (Services, Solutions, and Hardware), Size, Application, End User, and By Geography

4.2 (34 reviews)
Published: August 2021 ID: SMRC20841
4.2 (34 reviews)
Published: August 2021 ID: SMRC20841

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Pharmacy Management System Market is accounted for $46,289.00 million in 2020 and is expected to reach $127,480.76 million by 2028 growing at a CAGR of 13.5% during the forecast period. The development of healthcare IT and an increasing number of pharmacies are the major factors propelling the market growth. However, vendor lock-in is a major barrier to the adoption of the pharmacy management system is hampering the market growth.

A pharmacy management system is an important tool equipped with powerful, user-friendly pharmacy management systems. The pharmacy management system assists pharmacists in navigating the complexities of dispensing medicines, inventories of medicines, and point-of-sale functions.

Based on the deployment mode, the cloud/web-based segment holds the largest share in the market during the forecast period. The cloud/web-based deployment mode delivers a standardized way to help commercial and academic institutions to manage their laboratory data generated from sample testing, instrument usage, automation, and report generation.

By geography, North America holds the largest share in the market during the forecast period. With the introduction of new healthcare acts and reforms, the US healthcare industry is undergoing significant transformations driven by new technology. Almost every aspect of healthcare is changing, from insurance coverage to healthcare data analytics for effective treatment plans.

Some of the key players profiled in the Pharmacy Management System Market include ACG Infotech Ltd., Allscripts Healthcare Solution Inc., Becton Dickinson and Co., Cerner Corporation, Clanwilliam Health Ltd, DATASCAN, Epicor Software Corporation, GE Healthcare, Inc., GlobeMed Ltd, Health Business Systems Inc., Idhasoft Ltd., McKesson Corporation, MedHOK Inc., Omnicell Inc., Oracle, and Talyst LLC.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 46,289.00 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

13.5%

Predicted 2028 Value:

USD 127,480.76 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

114

Chapters Covered:

Deployment Mode, Component, Size, Application, End User and Region

Core Drivers and Opportunities:

  • Development of healthcare IT
  • Increasing number of pharmacies
  • Rising number of prescriptions

Restraining Factors & Market Threats:

  • Vendor lock-in
  • Data privacy concerns

 
Deployment Modes Covered:
• On-Premise
• Cloud/Web-Based

Components Covered:
• Services
• Solutions
• Hardware

Sizes Covered:
• Small and Medium-Sized Pharmacies
• Large Pharmacy

Applications Covered:
• Hospital & Clinic
• Health Systems
• Pharmaceutical Factory
• Retail Pharmacy

End Users Covered:
• Inpatient Pharmacies
• Outpatient Pharmacies

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Pharmacy Management System Market is majorly driven by development of healthcare information technology (IT), increasing number of pharmacies and rising number of prescriptions.

The cloud/web-based segment is growing at a highest CAGR as it delivers a standardized way to help commercial and academic institutions to manage their laboratory data generated.

North America dominated with a significant market share due to the factors such as introduction of new healthcare acts and reforms and presence of key market players.

Asia Pacific market is growing at a highest CAGR owing to the increasing agreements and partnerships of key players in the region.

Key players in Pharmacy Management System Market include ACG Infotech Ltd., Allscripts Healthcare Solution Inc., Becton Dickinson and Co., Cerner Corporation, Clanwilliam Health Ltd, DATASCAN, Epicor Software Corporation, GE Healthcare, Inc., GlobeMed Ltd, Health Business Systems Inc., Idhasoft Ltd., McKesson Corporation, MedHOK Inc., Omnicell Inc., Oracle, and Talyst LLC.

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