Pharmacy Inventory Management Software Solutions and Cabinets Market Drivers, Demand, Insights 2024-2033

"The new report published by The Business Research Company, titled ""Pharmacy Inventory Management Software Solutions and Cabinets Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the pharmacy inventory management software solutions and cabinets market size has grown rapidly in recent years. It will grow from $5.26 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The pharmacy inventory management software solutions and cabinets market size is expected to see strong growth in the next few years. It will grow to $8.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.

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Growing Long-Term Care Pharmacy Market Fuels Expansion Of Pharmacy Inventory Management Software Solutions And Cabinets
The rising number of long-term care (LTC) pharmacies are expected to propel the growth of the pharmacy inventory management software solutions and cabinets market going forward. 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, in October 2023, according to Milliman, Inc., a US-based insurance company, there will be 1,282 pharmacies designated as long-term care (LTC) pharmacies that offer their services to long-term care facilities. Moreover, Medicaid and Medicare collectively represent more than 60% of total expenditure on long-term care (LTC) services. As a result, the increasing number of long-term care (LTC) pharmacies is driving the pharmacy inventory management software solutions and cabinets market.

Rising Technological Advancements Transforming The Pharmacy Inventory Management Software Solutions And Cabinets Market
Technological advancements have emerged as a key trend gaining popularity in the pharmacy inventory management software solutions and cabinets market. 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.

The pharmacy inventory management software solutions and cabinets market covered in this report is segmented -

1) By Product: Decentralized Dispensing Systems, Centralized Dispensing Systems
2) By End-Use: Independent Pharmacies, Hospital Pharmacies, Long-Term Care Centers

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Major companies operating in the pharmacy inventory management software solutions and cabinets market report are ARxIUM, Becton Dickinson and Company, Clanwilliam IRL, 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 Corporation, Supplylogix LLC, Talyst LLC, Swisslog Holding AG, Capsa Healthcare, ScriptPro LLC, Accu-Chart Plus Healthcare Systems Inc., Cerner Corporation, GE Healthcare Technolgies Inc., Invenco Pty Ltd., Kirby Lester LLC, Medacist Solutions Group LLC, MedSupply Software, MedWeb, Parata Systems LLC, Pharmacy OneSource Inc., AbacusRx Inc., Cardinal Health Inc.

Contents of the report:
1. Executive Summary
2. Pharmacy Inventory Management Software Solutions and Cabinets Market Report Structure
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
…..
27. Pharmacy Inventory Management Software Solutions and Cabinets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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