Explore the Pharmacy Management System Market Global Trends, Analysis and Application 2020 Focusing on Talyst LLC, OMNICELL, ACG Infotech, Clanwilliam Health

The market study on the Pharmacy Management System market by The Insight Partners takes a holistic approach to pharmaceuticals industry segmented on the basis of Component (Solutions, Services); Deployment (Cloud-based, On-premise); Size (Small- and Medium-sized Pharmacies, Large Pharmacy), and Geography. The report administers the market coverage across five major geographical regions and identifies key market trends and opportunities in the coming years.

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The Pharmacy Management System market was valued at US$ 16,056.04 million in 2019 and is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach US$ 39,223.60 million by 2027.

Major factors boosting the growth of market include development of healthcare IT sector and increasing number of pharmacies. However, incorrect data consolidation is hampering growth of the market to a certain extent.

The global pharmacy management system market, based on the component, was segmented as solutions and services. In 2019, the solutions segment accounted for the largest market share in the global pharmacy management system market by product. Solutions play a vital role in effective and safe dispensing of pharmaceutical drugs, helps pharmacists to verify medications, hence the segment is anticipated to grow at a significant rate during the forecast period.

Several companies in the market are concentrating on inorganic strategies, such as partnership for enhancing their position in the market. For instance, in May 2018, Sentara RMH Medical Center has adopted Omnicell's central pharmacy automation to enhance control, efficiency, and safety of its medication management processes. The pharmacy management system market majorly consists of players such as McKesson Corporation, Cerner Corporation, General Electric Company, Allscripts Healthcare, LLC, Epicor Software Corporation and OMNICELL INC.

Key Points Covered in Table of Content
o Market Scope
o Key Takeaways
o Research Methodology
o Market Landscape
o Key Market Dynamics
o Global Market Analysis
o Market - Revenue And Forecasts
o Market, Key Company Profiles
o Appendix

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