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Pharmacy Information Systems Market Will Exhibit an Impressive Expansion by 2024-2031

05-14-2024 02:38 PM CET | Health & Medicine

Press release from: Orion Market Research

Pharmacy Information Systems Market Will Exhibit an Impressive

The global pharmacy information systems market is anticipated to grow at a modest CAGR of around 10.4% during the forecast period. The adoption of cloud-based PIS software in the healthcare sector is the major factor driving the growth of the market. These computer-based systems are majorly used by the healthcare sectors especially pharmacy departments so that they can supervise and keep a record of medication. The increase in the number of pharmacies due to the rising healthcare sector, and the increase in prescriptions by which the burden on pharmacists increase, thus the need for advanced PIS software arises. The rising investment in the pharmacy management system is also the reason behind the large adoption of this software. Government funding, technological advancements, and the increase in the adoption of automation technologies are also major drivers for the growth of the global pharmacy information system market. Additionally, the adoption of PIS by patients to monitor their medication process and data related to the treatment is gaining popularity, due to which the sales of these products are expected to increase.

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The new PIS software launches and new developments by market players are expected to increase the market growth during the forecast period. For instance, in March 2021, to support oncology pharmacies, pharmacy management solution software ScriptPAS has been launched by the McKesson company which is powered by Biologics by McKesson specialty pharmacy. The software is free to use and assists Medically Integrated Dispensing (MID)-equipped practices to provide quicker access by eliminating barriers that delay treatment. Further, in March 2021, Athenahealth Inc launched a telehealth insights dashboard. The dashboard will support providers, healthcare leaders and patients examine telehealth adoption rates by specialty area. Moreover, in May 2020, Epic Systems launched a new telehealth service in collaboration with Twilio. The tool helped healthcare professionals to launch video visits while also updating clinical documentation and reviewing patient histories in the EHR workflow. Considering these new developments in PIS software, considerable growth can be expected during the forecast period.

Global Pharmacy Information Systems Market Report by Segment

By Deployment

• On-Premises
• Cloud-Based

By Type

• Out Patients
• In Patients

By Components

• Hardware
• Software & Services

By End-User

• Physician Offices
• Hospital & Pharmacy
• Paramedic Services

A full report of Pharmacy Information Systems Market is available at: https://www.omrglobal.com/industry-reports/pharmacy-information-systems-market

Pharmacy Information Systems Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Allscripts Healthcare, LLC
• Astellas Pharma Inc.
• athenahealth, Inc.
• Carestream Health Inc.
• Cerner Corp.
• eClinicalWorks, LLC
• Epic Systems Corp.
• HansasoftOÜ
• Mckesson Corp.
• Medical Information Technology, Inc.
• Netsmart Technologies, Inc
• Parata Systems, LLC
• ScriptPro LLC

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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