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Report

Global Pharmacy Management System Market Report and Forecast 2024-2032

Market Report I 2023-09-14 I 140 Pages I EMR Inc.

Global Pharmacy Management System Market Report and Forecast 2024-2032
Global Pharmacy Management System Market Outlook
The global pharmacy management system market was valued USD 43.2 billion in 2023, driven by digital transformation, regulatory compliance, increased demand for efficient inventory management has led to market growth across the globe. The market size is anticipated to grow at a CAGR of 9.8% during the forecast period of 2024-2032 to achieve a value of USD 99.8 billion by 2032.
Pharmacy Management System: Introduction
A pharmacy management system (PMS) is a comprehensive digital solution designed to optimize and streamline the processes and tasks associated with a pharmacy. From inventory control and prescription management to billing and customer interactions, a PMS facilitates the holistic functioning of a pharmacy, ensuring it operates efficiently, complies with relevant regulations, and provides enhanced patient care.

Benefits of a Pharmacy Management System:
- Efficiency: Reduces manual tasks, automates repetitive processes, and enhances overall workflow.
- Safety: By checking for drug interactions and allergies, the system ensures that the right medications are dispensed, reducing the risk of errors.
- Regulatory Compliance: Helps pharmacies to adhere to regulatory guidelines by maintaining accurate records and ensuring that only approved medications are dispensed.
- Improved Customer Service: Reduces wait times and enhances the customer experience by offering services like online refills, reminders, and personalized medication counseling.
- Data-driven Decisions: The insights and reports generated allow pharmacy owners to make informed business decisions.

Key Trends in the Global Pharmacy Management System Market
Key trends in the pharmacy management system market include:
- Cloud-based Solutions: The shift towards cloud-based pharmacy management systems is prominent, allowing pharmacies to reduce upfront costs, scale easily, and access data from anywhere.
- Artificial Intelligence and Machine Learning: AI and ML are being integrated into PMS to predict medication needs, enhance patient interactions, optimize inventory management, and reduce human errors.
- Data Analytics: Advanced analytics tools are helping pharmacies understand patient behaviors, optimize stock levels, and improve profitability.
- Telepharmacy: With the rise in telemedicine, telepharmacy features are being integrated into PMS, allowing consultations and medication guidance to occur remotely.
- Mobile Integration: Mobile apps for both pharmacists and customers are on the rise, offering functionalities like medication reminders, prescription refills, and direct communication.
Global Pharmacy Management System Market Segmentation
The market can be categorised into product mode of deployment, component and region.
Market Breakup by Mode of Deployment

- On Premises
- Cloud Based

Market Breakup by Component

- Solutions
o Inventory Management
o Purchase Orders Management
o Supply Chain Management
o Regulatory and Compliance Information
o Clinical and Administrative Performance
o Others
- Services

Market Breakup by Region

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

Global Pharmacy Management System Market Overview
The Pharmacy Management System (PMS) market has observed steady growth over recent years due to various factors including advancements in technology, changing healthcare needs, and increased emphasis on patient safety and operational efficiency in pharmacies. The global PMS market has shown a rising trend, with a compound annual growth rate (CAGR) indicative of an expanding market. This growth can be attributed to increasing technological adoption in healthcare, a growing number of pharmacies, and the escalating needs of an aging global population.
North America dominates the market due to its advanced healthcare infrastructure, quick adoption of technology, and stringent regulatory mandates related to patient safety and healthcare provision. Europe follows closely, with growth driven by rising healthcare expenditure, a robust pharmaceutical industry, and increasing awareness about the advantages of PMS. The Asia Pacific region is witnessing rapid growth due to increasing investments in healthcare, a booming pharmaceutical industry, and rising awareness about the benefits of automated pharmacy systems.
The pharmacy management system market is set to witness robust growth due to the convergence of technology, healthcare needs, and regulatory frameworks. As pharmacies worldwide continue to upgrade their systems to meet the dynamic needs of healthcare providers and patients, the demand for advanced, secure, and efficient PMS will remain on the rise.
Key Players in the Global Pharmacy Management System Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in pharmacy management system market are as follows:
- McKesson Corporation
- Cerner Corporation
- Becton Dickinson and Co.
- GE Healthcare Inc.
- Talyst LLC
- Allscripts Healthcare Solution Inc.
- Epicor Software Corporation
- Omnicell Inc.
- ACG Infotech Ltd.
- Clanwilliam Health Ltd.
- DATASCAN (DCS Pharmacy Inc.)
- GlobeMed Ltd.
- Health Business Systems Inc.
- Idhasoft Ltd.
- MedHOK Inc.

We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1Preface
1.1Objectives of the Study
1.2Key Assumptions
1.3Report Coverage - Key Segmentation and Scope
1.4Research Methodology
2Executive Summary
3Global Pharmacy Management System Market Overview
3.1Global Pharmacy Management System Market Historical Value (2017-2023)
3.2Global Pharmacy Management System Market Forecast Value (2024-2032)
4Global Pharmacy Management System Market Landscape
4.1Global Pharmacy Management System Developers Landscape
4.1.1Analysis by Year of Establishment
4.1.2Analysis by Company Size
4.1.3Analysis by Region
4.2Global Pharmacy Management System Product Landscape
4.2.1Analysis by Mode of Deployment
4.2.2Analysis by Components
5Global Pharmacy Management System Market Dynamics
5.1Market Drivers and Constraints
5.2SWOT Analysis
5.3Porter's Five Forces Model
5.4Key Demand Indicators
5.5Key Price Indicators
5.6Industry Events, Initiatives, and Trends
5.7Value Chain Analysis
6Global Pharmacy Management System Market Segmentation
6.1Global Pharmacy Management System Market by Mode of Deployment
6.1.1Market Overview
6.1.2On Premises
6.1.3Cloud Based
6.2Global Pharmacy Management System Market by Component
6.2.1Market Overview
6.2.2Solutions
6.2.2.1Inventory Management
6.2.2.2Purchase Orders Management
6.2.2.3Supply Chain Management
6.2.2.4Regulatory and Compliance Information
6.2.2.5Clinical and Administrative Performance
6.2.2.6Others
6.2.3Services
6.3Global Pharmacy Management System Market by Region
6.3.1Market Overview
6.3.2North America
6.3.3Europe
6.3.4Asia Pacific
6.3.5Latin America
6.3.6Middle East and Africa
7North America Pharmacy Management System Market
7.1Market Share by Country
7.2United States of America
7.3Canada
8Europe Pharmacy Management System Market
8.1Market Share by Country
8.2United Kingdom
8.3Germany
8.4France
8.5Italy
8.6Others
9Asia Pacific Pharmacy Management System Market
9.1Market Share by Country
9.2China
9.3Japan
9.4India
9.5ASEAN
9.6Australia
9.7Others
10Latin America Pharmacy Management System Market
10.1Market Share by Country
10.2Brazil
10.3Argentina
10.4Mexico
10.5Others
11Middle East and Africa Pharmacy Management System Market
11.1Market Share by Country
11.2Saudi Arabia
11.3United Arab Emirates
11.4Nigeria
11.5South Africa
11.6Others
12Grants Analysis
12.1Analysis by year
12.2Analysis by Amount Awarded
12.3Analysis by Issuing Authority
12.4Analysis by Grant Application
12.5Analysis by Funding Institute
12.6Analysis by NIH Departments
12.7Analysis by Recipient Organization
13Funding Analysis
13.1Analysis by Funding Instances
13.2Analysis by Type of Funding
13.3Analysis by Funding Amount
13.4Analysis by Leading Players
13.5Analysis by Leading Investors
13.6Analysis by Geography
14Partnership and Collaborations Analysis
14.1Analysis by Partnership Instances
14.2Analysis by Type of Partnership
14.3Analysis by Leading Players
14.4Analysis by Geography
15Regulatory Framework
15.1Regulatory Overview
15.1.1US FDA
15.1.2EU EMA
15.1.3INDIA CDSCO
15.1.4JAPAN PMDA
15.1.5Others
16Supplier Landscape
16.1McKesson Corporation
16.1.1Financial Analysis
16.1.2Product Portfolio
16.1.3Demographic Reach and Achievements
16.1.4Mergers and Acquisition
16.1.5Certifications
16.2Cerner Corporation
16.2.1Financial Analysis
16.2.2Product Portfolio
16.2.3Demographic Reach and Achievements
16.2.4Mergers and Acquisition
16.2.5Certifications
16.3Becton Dickinson and Co.
16.3.1Financial Analysis
16.3.2Product Portfolio
16.3.3Demographic Reach and Achievements
16.3.4Mergers and Acquisition
16.3.5Certifications
16.4GE Healthcare Inc.
16.4.1Financial Analysis
16.4.2Product Portfolio
16.4.3Demographic Reach and Achievements
16.4.4Mergers and Acquisition
16.4.5Certifications
16.5Talyst LLC
16.5.1Financial Analysis
16.5.2Product Portfolio
16.5.3Demographic Reach and Achievements
16.5.4Mergers and Acquisition
16.5.5Certifications
16.6Allscripts Healthcare Solution Inc.
16.6.1Financial Analysis
16.6.2Product Portfolio
16.6.3Demographic Reach and Achievements
16.6.4Mergers and Acquisition
16.6.5Certifications
16.7Epicor Software Corporation
16.7.1Financial Analysis
16.7.2Product Portfolio
16.7.3Demographic Reach and Achievements
16.7.4Mergers and Acquisition
16.7.5Certifications
16.8Omnicell Inc.
16.8.1Financial Analysis
16.8.2Product Portfolio
16.8.3Demographic Reach and Achievements
16.8.4Mergers and Acquisition
16.8.5Certifications
16.9ACG Infotech Ltd.
16.9.1Financial Analysis
16.9.2Product Portfolio
16.9.3Demographic Reach and Achievements
16.9.4Mergers and Acquisition
16.9.5Certifications
16.10Clanwilliam Health Ltd.
16.10.1Financial Analysis
16.10.2Product Portfolio
16.10.3Demographic Reach and Achievements
16.10.4Mergers and Acquisition
16.10.5Certifications
16.11DATASCAN (DCS Pharmacy Inc.)
16.11.1Financial Analysis
16.11.2Product Portfolio
16.11.3Demographic Reach and Achievements
16.11.4Mergers and Acquisition
16.11.5Certifications
16.12GlobeMed Ltd.
16.12.1Financial Analysis
16.12.2Product Portfolio
16.12.3Demographic Reach and Achievements
16.12.4Mergers and Acquisition
16.12.5Certifications
16.13Health Business Systems Inc.
16.13.1Financial Analysis
16.13.2Product Portfolio
16.13.3Demographic Reach and Achievements
16.13.4Mergers and Acquisition
16.13.5Certifications
16.14Idhasoft Ltd.
16.14.1Financial Analysis
16.14.2Product Portfolio
16.14.3Demographic Reach and Achievements
16.14.4Mergers and Acquisition
16.14.5Certifications
16.15MedHOK Inc.
16.15.1Financial Analysis
16.15.2Product Portfolio
16.15.3Demographic Reach and Achievements
16.15.4Mergers and Acquisition
16.15.5Certifications
17Global Pharmacy Management System Market - Distribution Model (Additional Insight)
17.1Overview
17.2Potential Distributors
17.3Key Parameters for Distribution Partner Assessment
18Key Opinion Leaders (KOL) Insights (Additional Insight)
19Company Competitiveness Analysis (Additional Insight)
19.1Very Small Companies
19.2Small Companies
19.3Mid-Sized Companies
19.4Large Companies
19.5Very Large Companies
20Payment Methods (Additional Insight)
20.1Government Funded
20.2Private Insurance
20.3Out-of-Pocket

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