Pharmacy Management System Market 2021 Strategic Assessment - McKesson Corporation, Cerner Corporation, Becton Dickinson and Co., GE Healthcare Inc., Talyst LLC, Allscripts Healthcare Solution Inc.

Pharmacy Management System Market - Growth, Trends And Forecasts (2020-2025)

The Pharmacy Management System Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Pharmacy Management System Market is poised to grow at a CAGR of 10.73% during the forecast period (2019 - 2024).

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Top Leading Companies of Pharmacy Management System Market are McKesson Corporation, Cerner Corporation, Becton Dickinson and Co., GE Healthcare Inc., Talyst LLC, Allscripts Healthcare Solution Inc.., Epicor Software Corporation, Omnicell Inc., ACG InfotechÊLtd, Clanwilliam HealthÊLtd, DATASCAN (DCS Pharmacy Inc.), GlobeMedÊLtd, Health Business SystemsÊInc. and others.

Key Market Trends:       

Inventory Management to Dominate the Market
- The pharmacy management software system provides a more effective way to manage inventory and focuses on lowering the inventory costs through automated usage-based reordering, improves expiration date tracking (which saves staff time and reduces waste), increases pharmacy staff productivity by automating satellite inventory management, and standardize the scales to meet the growing needs of multi-site health systems.
- The number of pharmaceutical counterfeiting incidents have been increased by 25% from 2017 to 2018, where 961 counterfeiting incidents involved either customs seizures or police/health inspector raids. Implementing reliable inventory management across pharmaceutical supply chain can contribute in tracking illegal medicines and better drug selection choices.

North America to Occupy Major Share

- 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.
- Illinois-based Best Rx offers pharmacy management software which prevents prescription drug abuse by synchronizing patient pickups of their medications on or around the same day every month.
- Texas-based Epicor Software Corporation helped Zitomer Pharmacy in New York to cut inventory by 15 % which improved their cash flow. It also improved billing operations, and helped in better management of nearly 3,500 house-charge accounts.

Key Developments:

- August 2019 -- GE Healthcare launched India-based startup collaboration programme, Edison[X] will work with startups in India to develop solutions on the Edison platform for some of the healthcare challenges existing today such as improving patient outcomes and pharmacy practices as well as efficiency of clinical practice.
- June 2018 -- To improve evidence-based care in free and charitable clinics using point-of-care testing results, Becton Dickinson and Company, partnered with Heart to Heart International (HHI) and the National Association of Free and Charitable Clinics (NAFC), to announce six grants to select clinics in the United States.
- March 2018 -- Allscripts Healthcare Solutions revealed its new electronic health record (EHR), "Avenel", at the annual HIMSS conference. The mobile-first, cloud-based Avenel creates a community-wide shared patient record and uses machine learning, to reduce the time required for clinical documentation.

Regional Outlook of Pharmacy Management System Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Pharmacy Management System Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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