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Pharmacy Inventory Management Software Solutions and Cabinets Market Trends, Overview With Detailed Analysis 2023-2032 | ARxIUM, Clanwilliam Health, Epicor Software Corporation, GlobeMed Ltd., Health Business Systems Inc.
Pharmacy Inventory Management Software Solutions And Cabinets Market Research
The Business Research Company's Pharmacy Inventory Management Software Solutions And Cabinets Global Market Report 2023 identifies rising number of long-term care (LTC) pharmacies as the major driver for the Pharmacy Inventory Management Software Solutions And Cabinets market's growth in the forecast period. Long-term care pharmacies manage the medication and clinical needs of elderly patients with complex medical conditions. The increasing demand for long-term care has led to an increase in the number of long-term care pharmacies. For instance, according to a report by Computertalk, a US-based pharmacist publication company, in 2020, about 14 million Americans needed long-term care, and on the contrary, there were only 3 million beds in facilities.
The global pharmacy inventory management software solutions and cabinets market size grew from $4.66 billion in 2022 to $5.15 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmacy inventory management software solutions and cabinets market size is expected to grow to $7.28 billion in 2027 at a CAGR of 9.0%.
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Major competitors in the Pharmacy Inventory Management Software Solutions And Cabinets market are ARxIUM, Becton Dickinson and Company (BD), Clanwilliam Health, DATASCAN (DCS Pharmacy Inc.,), Epicor Software Corporation, GlobeMed Ltd., Health Business Systems Inc., Logic ERP Solutions Pvt Ltd., Liberty Software Inc., JVM Co. Ltd., McKesson Corporation, Omnicell Inc., Oracle, Supplylogix LLC, and Talyst LLC.
A key trend in the Pharmacy Inventory Management Software Solutions And Cabinets market includes technological advancements. Major companies operating in the pharmacy inventory management software solutions and cabinets sector are adopting new technological solutions to reinforce their position. For instance, in October 2021, Palex Medical, a Spain-based company that specialized in providing healthcare equipment and advanced hospital solutions, launched a new generation Omnicell Medimat robot for dispensing medicines to outpatients. Medimat solution makes the transition from manual to automated processes easy, flawless, and rewarding.
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The Pharmacy Inventory Management Software Solutions And Cabinets market is segmented -
By Product: Decentralized Dispensing Systems, Centralized Dispensing Systems
By End-Use: Independent Pharmacies, Hospital Pharmacies, Long-Term Care Centers
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pharmacy Inventory Management Software Solutions And Cabinets market.
The Business Research Company's "Global Pharmacy Inventory Management Software Solutions And Cabinets Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharmacy Inventory Management Software Solutions And Cabinets Market Include:
1. Executive Summary
2. Pharmacy Inventory Management Software Solutions And Cabinets Market Characteristics
3. Pharmacy Inventory Management Software Solutions And Cabinets Market Trends And Strategies
4. Pharmacy Inventory Management Software Solutions And Cabinets Market - Macro Economic Scenario
5. Pharmacy Inventory Management Software Solutions And Cabinets Market Size And Growth
……
26. Africa Pharmacy Inventory Management Software Solutions And Cabinets Market
27. Pharmacy Inventory Management Software Solutions And Cabinets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pharmacy Inventory Management Software Solutions And Cabinets Market
29. Pharmacy Inventory Management Software Solutions And Cabinets Market Future Outlook and Potential Analysis
30. Appendix
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