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
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 46,289.00 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
13.5% |
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Predicted 2028 Value: |
USD 127,480.76 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
114 |
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Chapters Covered: |
Deployment Mode, Component, Size, Application, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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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.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pharmacy Management System Market, By Deployment Mode
5.1 Introduction
5.2 On-Premise
5.3 Cloud/Web-Based
6 Global Pharmacy Management System Market, By Component
6.1 Introduction
6.2 Services
6.2.1 Managed
6.2.2 Professional
6.3 Solutions
6.3.1 Inventory Management
6.3.2 Clinical and Administrative Performance
6.3.3 Purchase Orders Management
6.3.4 Regulatory and Compliance Information
6.3.5 Supply Chain Management
6.3.6 Other Solutions
6.4 Hardware
7 Global Pharmacy Management System Market, By Size
7.1 Introduction
7.2 Small and Medium-Sized Pharmacies
7.3 Large Pharmacy
8 Global Pharmacy Management System Market, By Application
8.1 Introduction
8.2 Hospital & Clinic
8.3 Health Systems
8.4 Pharmaceutical Factory
8.5 Retail Pharmacy
9 Global Pharmacy Management System Market, By End User
9.1 Introduction
9.2 Inpatient Pharmacies
9.3 Outpatient Pharmacies
10 Global Pharmacy Management System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ACG Infotech Ltd.
12.2 Allscripts Healthcare Solution Inc.
12.3 Becton Dickinson and Co.
12.4 Cerner Corporation
12.5 Clanwilliam Health Ltd
12.6 DATASCAN
12.7 Epicor Software Corporation
12.8 GE Healthcare, Inc.
12.9 GlobeMed Ltd
12.10 Health Business Systems Inc.
12.11 Idhasoft Ltd.
12.12 McKesson Corporation
12.13 MedHOK Inc.
12.14 Omnicell Inc.
12.15 Oracle
12.16 Talyst LLC
List of Tables
1 Global Pharmacy Management System Market Outlook, By Region (2019-2028) ($MN)
2 Global Pharmacy Management System Market Outlook, By Deployment Mode (2019-2028) ($MN)
3 Global Pharmacy Management System Market Outlook, By On-Premise (2019-2028) ($MN)
4 Global Pharmacy Management System Market Outlook, By Cloud/Web-Based (2019-2028) ($MN)
5 Global Pharmacy Management System Market Outlook, By Component (2019-2028) ($MN)
6 Global Pharmacy Management System Market Outlook, By Services (2019-2028) ($MN)
7 Global Pharmacy Management System Market Outlook, By Solutions (2019-2028) ($MN)
8 Global Pharmacy Management System Market Outlook, By Hardware (2019-2028) ($MN)
9 Global Pharmacy Management System Market Outlook, By Size (2019-2028) ($MN)
10 Global Pharmacy Management System Market Outlook, By Small and Medium-Sized Pharmacies (2019-2028) ($MN)
11 Global Pharmacy Management System Market Outlook, By Large Pharmacy (2019-2028) ($MN)
12 Global Pharmacy Management System Market Outlook, By Application (2019-2028) ($MN)
13 Global Pharmacy Management System Market Outlook, By Hospital & Clinic (2019-2028) ($MN)
14 Global Pharmacy Management System Market Outlook, By Health Systems (2019-2028) ($MN)
15 Global Pharmacy Management System Market Outlook, By Pharmaceutical Factory (2019-2028) ($MN)
16 Global Pharmacy Management System Market Outlook, By Retail Pharmacy (2019-2028) ($MN)
17 Global Pharmacy Management System Market Outlook, By End User (2019-2028) ($MN)
18 Global Pharmacy Management System Market Outlook, By Inpatient Pharmacies (2019-2028) ($MN)
19 Global Pharmacy Management System Market Outlook, By Outpatient Pharmacies (2019-2028) ($MN)
20 North America Pharmacy Management System Market Outlook, By Country (2019-2028) ($MN)
21 North America Pharmacy Management System Market Outlook, By Deployment Mode (2019-2028) ($MN)
22 North America Pharmacy Management System Market Outlook, By On-Premise (2019-2028) ($MN)
23 North America Pharmacy Management System Market Outlook, By Cloud/Web-Based (2019-2028) ($MN)
24 North America Pharmacy Management System Market Outlook, By Component (2019-2028) ($MN)
25 North America Pharmacy Management System Market Outlook, By Services (2019-2028) ($MN)
26 North America Pharmacy Management System Market Outlook, By Solutions (2019-2028) ($MN)
27 North America Pharmacy Management System Market Outlook, By Hardware (2019-2028) ($MN)
28 North America Pharmacy Management System Market Outlook, By Size (2019-2028) ($MN)
29 North America Pharmacy Management System Market Outlook, By Small and Medium-Sized Pharmacies (2019-2028) ($MN)
30 North America Pharmacy Management System Market Outlook, By Large Pharmacy (2019-2028) ($MN)
31 North America Pharmacy Management System Market Outlook, By Application (2019-2028) ($MN)
32 North America Pharmacy Management System Market Outlook, By Hospital & Clinic (2019-2028) ($MN)
33 North America Pharmacy Management System Market Outlook, By Health Systems (2019-2028) ($MN)
34 North America Pharmacy Management System Market Outlook, By Pharmaceutical Factory (2019-2028) ($MN)
35 North America Pharmacy Management System Market Outlook, By Retail Pharmacy (2019-2028) ($MN)
36 North America Pharmacy Management System Market Outlook, By End User (2019-2028) ($MN)
37 North America Pharmacy Management System Market Outlook, By Inpatient Pharmacies (2019-2028) ($MN)
38 North America Pharmacy Management System Market Outlook, By Outpatient Pharmacies (2019-2028) ($MN)
39 Europe Pharmacy Management System Market Outlook, By Country (2019-2028) ($MN)
40 Europe Pharmacy Management System Market Outlook, By Deployment Mode (2019-2028) ($MN)
41 Europe Pharmacy Management System Market Outlook, By On-Premise (2019-2028) ($MN)
42 Europe Pharmacy Management System Market Outlook, By Cloud/Web-Based (2019-2028) ($MN)
43 Europe Pharmacy Management System Market Outlook, By Component (2019-2028) ($MN)
44 Europe Pharmacy Management System Market Outlook, By Services (2019-2028) ($MN)
45 Europe Pharmacy Management System Market Outlook, By Solutions (2019-2028) ($MN)
46 Europe Pharmacy Management System Market Outlook, By Hardware (2019-2028) ($MN)
47 Europe Pharmacy Management System Market Outlook, By Size (2019-2028) ($MN)
48 Europe Pharmacy Management System Market Outlook, By Small and Medium-Sized Pharmacies (2019-2028) ($MN)
49 Europe Pharmacy Management System Market Outlook, By Large Pharmacy (2019-2028) ($MN)
50 Europe Pharmacy Management System Market Outlook, By Application (2019-2028) ($MN)
51 Europe Pharmacy Management System Market Outlook, By Hospital & Clinic (2019-2028) ($MN)
52 Europe Pharmacy Management System Market Outlook, By Health Systems (2019-2028) ($MN)
53 Europe Pharmacy Management System Market Outlook, By Pharmaceutical Factory (2019-2028) ($MN)
54 Europe Pharmacy Management System Market Outlook, By Retail Pharmacy (2019-2028) ($MN)
55 Europe Pharmacy Management System Market Outlook, By End User (2019-2028) ($MN)
56 Europe Pharmacy Management System Market Outlook, By Inpatient Pharmacies (2019-2028) ($MN)
57 Europe Pharmacy Management System Market Outlook, By Outpatient Pharmacies (2019-2028) ($MN)
58 Asia Pacific Pharmacy Management System Market Outlook, By Country (2019-2028) ($MN)
59 Asia Pacific Pharmacy Management System Market Outlook, By Deployment Mode (2019-2028) ($MN)
60 Asia Pacific Pharmacy Management System Market Outlook, By On-Premise (2019-2028) ($MN)
61 Asia Pacific Pharmacy Management System Market Outlook, By Cloud/Web-Based (2019-2028) ($MN)
62 Asia Pacific Pharmacy Management System Market Outlook, By Component (2019-2028) ($MN)
63 Asia Pacific Pharmacy Management System Market Outlook, By Services (2019-2028) ($MN)
64 Asia Pacific Pharmacy Management System Market Outlook, By Solutions (2019-2028) ($MN)
65 Asia Pacific Pharmacy Management System Market Outlook, By Hardware (2019-2028) ($MN)
66 Asia Pacific Pharmacy Management System Market Outlook, By Size (2019-2028) ($MN)
67 Asia Pacific Pharmacy Management System Market Outlook, By Small and Medium-Sized Pharmacies (2019-2028) ($MN)
68 Asia Pacific Pharmacy Management System Market Outlook, By Large Pharmacy (2019-2028) ($MN)
69 Asia Pacific Pharmacy Management System Market Outlook, By Application (2019-2028) ($MN)
70 Asia Pacific Pharmacy Management System Market Outlook, By Hospital & Clinic (2019-2028) ($MN)
71 Asia Pacific Pharmacy Management System Market Outlook, By Health Systems (2019-2028) ($MN)
72 Asia Pacific Pharmacy Management System Market Outlook, By Pharmaceutical Factory (2019-2028) ($MN)
73 Asia Pacific Pharmacy Management System Market Outlook, By Retail Pharmacy (2019-2028) ($MN)
74 Asia Pacific Pharmacy Management System Market Outlook, By End User (2019-2028) ($MN)
75 Asia Pacific Pharmacy Management System Market Outlook, By Inpatient Pharmacies (2019-2028) ($MN)
76 Asia Pacific Pharmacy Management System Market Outlook, By Outpatient Pharmacies (2019-2028) ($MN)
77 South America Pharmacy Management System Market Outlook, By Country (2019-2028) ($MN)
78 South America Pharmacy Management System Market Outlook, By Deployment Mode (2019-2028) ($MN)
79 South America Pharmacy Management System Market Outlook, By On-Premise (2019-2028) ($MN)
80 South America Pharmacy Management System Market Outlook, By Cloud/Web-Based (2019-2028) ($MN)
81 South America Pharmacy Management System Market Outlook, By Component (2019-2028) ($MN)
82 South America Pharmacy Management System Market Outlook, By Services (2019-2028) ($MN)
83 South America Pharmacy Management System Market Outlook, By Solutions (2019-2028) ($MN)
84 South America Pharmacy Management System Market Outlook, By Hardware (2019-2028) ($MN)
85 South America Pharmacy Management System Market Outlook, By Size (2019-2028) ($MN)
86 South America Pharmacy Management System Market Outlook, By Small and Medium-Sized Pharmacies (2019-2028) ($MN)
87 South America Pharmacy Management System Market Outlook, By Large Pharmacy (2019-2028) ($MN)
88 South America Pharmacy Management System Market Outlook, By Application (2019-2028) ($MN)
89 South America Pharmacy Management System Market Outlook, By Hospital & Clinic (2019-2028) ($MN)
90 South America Pharmacy Management System Market Outlook, By Health Systems (2019-2028) ($MN)
91 South America Pharmacy Management System Market Outlook, By Pharmaceutical Factory (2019-2028) ($MN)
92 South America Pharmacy Management System Market Outlook, By Retail Pharmacy (2019-2028) ($MN)
93 South America Pharmacy Management System Market Outlook, By End User (2019-2028) ($MN)
94 South America Pharmacy Management System Market Outlook, By Inpatient Pharmacies (2019-2028) ($MN)
95 South America Pharmacy Management System Market Outlook, By Outpatient Pharmacies (2019-2028) ($MN)
96 Middle East & Africa Pharmacy Management System Market Outlook, By Country (2019-2028) ($MN)
97 Middle East & Africa Pharmacy Management System Market Outlook, By Deployment Mode (2019-2028) ($MN)
98 Middle East & Africa Pharmacy Management System Market Outlook, By On-Premise (2019-2028) ($MN)
99 Middle East & Africa Pharmacy Management System Market Outlook, By Cloud/Web-Based (2019-2028) ($MN)
100 Middle East & Africa Pharmacy Management System Market Outlook, By Component (2019-2028) ($MN)
101 Middle East & Africa Pharmacy Management System Market Outlook, By Services (2019-2028) ($MN)
102 Middle East & Africa Pharmacy Management System Market Outlook, By Solutions (2019-2028) ($MN)
103 Middle East & Africa Pharmacy Management System Market Outlook, By Hardware (2019-2028) ($MN)
104 Middle East & Africa Pharmacy Management System Market Outlook, By Size (2019-2028) ($MN)
105 Middle East & Africa Pharmacy Management System Market Outlook, By Small and Medium-Sized Pharmacies (2019-2028) ($MN)
106 Middle East & Africa Pharmacy Management System Market Outlook, By Large Pharmacy (2019-2028) ($MN)
107 Middle East & Africa Pharmacy Management System Market Outlook, By Application (2019-2028) ($MN)
108 Middle East & Africa Pharmacy Management System Market Outlook, By Hospital & Clinic (2019-2028) ($MN)
109 Middle East & Africa Pharmacy Management System Market Outlook, By Health Systems (2019-2028) ($MN)
110 Middle East & Africa Pharmacy Management System Market Outlook, By Pharmaceutical Factory (2019-2028) ($MN)
111 Middle East & Africa Pharmacy Management System Market Outlook, By Retail Pharmacy (2019-2028) ($MN)
112 Middle East & Africa Pharmacy Management System Market Outlook, By End User (2019-2028) ($MN)
113 Middle East & Africa Pharmacy Management System Market Outlook, By Inpatient Pharmacies (2019-2028) ($MN)
114 Middle East & Africa Pharmacy Management System Market Outlook, By Outpatient Pharmacies (2019-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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