Global Pharmacy Inventory Management Software Solutions and Cabinets Market to 2025 - Surge in Adoption of Pharmacy Inventory Management Systems and Software

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Nov 01, 2018, 15:30 ET

DUBLIN, Nov. 1, 2018 /PRNewswire/ --

The "Pharmacy Inventory Management Software Solutions and Cabinets Market Size, Share & Trends Analysis Report By End Use, By Mode of Operation (Centralized, Decentralized), By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global pharmacy inventory management software solutions and cabinets market size is expected to reach USD 7.16 billion by 2025, exhibiting an 8.6% CAGR during the forecast period.

Increasing number of dispensed prescriptions, growing adoption of pharmacy automation systems, and rising incidence of medication errors are some of the key drivers for this market. Technological advancements in automated dispensing cabinets design are also expected to positively impact market growth in the coming years.

Rising number of retail, mail order, and long-term care (LTC) pharmacies propel demand for inventory management software and systems in order to dispense high volume of medications. Rising pressure by governments to minimize medication costs is further expected to drive demand for these software and cabinets, as they aid in reduction of excess inventory costs. Increasing demand for efficient workflow in hospitals and pharmacies is also contributing toward market growth.

Demand for automated dispensing cabinets is increasing in retail pharmacies owing to increasing workload on pharmacists, coupled with surging need for effective patient counselling. In addition, rising government initiatives towards improvement in healthcare infrastructure and growing healthcare expenditure in developing countries are positively influencing market growth.

Further key findings from the report suggest:

Pharmacy inventory management systems/cabinets in retail pharmacies emerged as the leading segment in terms of revenue in 2017 owing to rising number of retail pharmacies and growing number of prescriptions
By mode of operation, decentralized systems/cabinets accounted for the largest revenue share in 2017 owing to rising incidence of medication errors and increasing number of dispensed prescriptions
In terms of geography, North America dominated the global market in 2017 in terms of revenue and Asia Pacific is expected to register the highest growth rate over the forecast period
Omnicell, Inc., BD, Talyst, LLC, and ARxIUM are the major players operating in the market. This market is dominated by the presence of both multinational companies and small players.

Key Topics Covered:

Chapter 1 Research Methodology
1.1 Information Procurement
1.1.1 Purchased database:
1.1.2 Internal database
1.2 Primary Research:
1.2.1 List of primary sources include:

Chapter 2 Executive Summary
2.1 Market Snapshot (USD Million), 2017

Chapter 3 Pharmacy Inventory Management Software Solutions And Cabinets Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Recent trend of surge in adoption of pharmacy inventory management systems and software
3.2.2 Technological advancements
3.2.3 Increase in adoption of information systems in pharmacies
3.3 Market Restraint Analysis
3.3.1 Lack of skilled professionals for managing automated systems in developing countries
3.4 Penetration & Growth Prospect Mapping
3.5 Pharmacy Inventory Management Software Solutions and Cabinets Market - SWOT Analysis, By Factor (political & legal, economic and technological)
3.6 Industry Analysis - Porter's
3.7 Regulatory Scenario
3.7.1 Compliance requirements
3.8 Adoption of Pharmacy Inventory Management software by Hospital Size (Qualitative Analysis)
3.9 Commentary on Centralized and Decentralized Systems
3.9.1 Hospital pharmacies
3.9.2 Long-term care pharmacies
3.9.3 Retail pharmacies

Chapter 4 Pharmacy Inventory Management Software Solutions and Cabinets Market: End-users Estimates & Trend Analysis
4.1 Pharmacy Inventory Management Software Solutions and Cabinets Market: End-users Movement Analysis
4.2 Hospital Pharmacies
4.2.1 Software solutions
4.2.1.1 Market for hospital pharmacy estimates and forecasts, 2014 - 2025 (USD Million)
4.2.2 Systems/Cabinets
4.2.2.1 Market for hospital pharmacy revenue estimates and forecast, 2014 - 2025 (USD Million)
4.3 Independent Pharmacies
4.3.1 Software solutions
4.3.2 Systems/Cabinets
4.4 Long Term Care Centers (LTCs)
4.4.1 Software solutions
4.4.2 Systems/Cabinets

Chapter 5 Pharmacy Inventory Management Software Solutions and Cabinets Market: Mode of Operations Estimates & Trend Analysis
5.1 Pharmacy Inventory Management Software Solutions and Cabinets Market: Mode of Operations Movement Analysis
5.2 Centralized Dispensing Systems
5.2.1 Software solutions
5.2.2 Systems/Cabinets
5.3 Decentralized Dispensing Systems
5.3.1 Software solutions
5.3.2 Systems/Cabinets

Chapter 6 Pharmacy Inventory Management Software Solutions and Cabinets Market: Regional Estimates & Trend Analysis, by End-users and Mode of Operations
6.1 Pharmacy Inventory Management Software Solutions and Cabinets Market Share, by Region, 2017 & 2025
6.1.1 Market, by end-users revenue estimates and forecast, 2014 - 2025 (USD Million)
6.1.2 Market, by mode of operations revenue estimates and forecast, 2014 - 2025 (USD Million)
6.1.3 Market, by end-users revenue estimates and forecast, 2014 - 2025 (USD Million)
6.1.4 Market, by mode of operations revenue estimates and forecast, 2014 - 2025 (USD Million)

Chapter 7 Competitive Landscape

Omnicell, Inc.
Liberty Software, Inc.
DATASCAN (DCS Pharmacy, Inc.)
Oracle
Supplylogix LLC
ARxIUM
Talyst, LLC
Health Business Systems, Inc.
Becton, Dickinson and Company(BD)

For more information about this report visit https://www.researchandmarkets.com/research/28r9v8/global_pharmacy?w=5

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