Press release
Pharmacy Management System Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Pharmacy Management System
The rising cost of medication errors is expected to drive the growth of the pharmacy management system market. As medication errors become more costly due to complex regimens and inadequate communication, pharmacy management systems help reduce errors by automating prescription processing and enhancing patient safety. In 2024, the World Health Organization estimated that medication errors cost between $42 to $100 billion annually.
Get Your Pharmacy Management System Market Report Here:
https://www.thebusinessresearchcompany.com/report/pharmacy-management-system-global-market-report
What Is the projected market size and growth rate for the pharmacy management system market?
The pharmacy management system market has grown rapidly in recent years. It will increase from $84.98 billion in 2024 to $98.4 billion in 2025, reflecting a CAGR of 15.8%. This growth is driven by a focus on healthcare efficiency, increasing healthcare expenditure, growing prescription volumes, demand for integrated healthcare solutions, and better chronic disease management.
The pharmacy management system market is expected to grow rapidly, reaching $174.58 billion by 2029 with a CAGR of 15.4%. The growth is driven by the rising adoption of EHR systems, demand for integrated healthcare solutions, pharmacy expansion, increased healthcare IT investment, and the need for personalized medicine. Major trends include cloud-based solutions, AI advancements, blockchain, EHR integration, and mobile app development.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18428&type=smp
What new trends are reshaping the pharmacy management system market and its opportunities?
In the pharmacy management system market, companies are developing cloud-based solutions to enhance data accessibility, improve real-time collaboration, ensure security, and lower operational costs. Cloud-based systems provide real-time updates and integration with other healthcare systems. For example, in September 2022, RedSail Technologies launched Axys by Integra, a cloud-based pharmacy management system tailored for long-term care. Axys features an intuitive design that reduces training time, offering better visibility and advanced reporting capabilities.
What major market segments define the scope and growth of the pharmacy management system market?
The pharmacy management system market covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Deployment: Web Based, On Premise
3) By End User: Inpatient Pharmacies, Outpatient Pharmacies
Subsegments:
1) By Software: Prescription Management Software, Inventory Management Software, Medication Therapy Management (MTM) Software, Point-Of-Sale (POS) Systems, Drug Interaction Or Drug Database Software, Pharmacy Workflow Management Software, Reporting And Analytics Software
2) By Hardware: Automated Dispensing Machines (ADM), Barcode Scanners And Printers, Pharmacy Kiosks, Labeling And Packaging Equipment, Tablet And Capsule Counter Machines, Temperature Monitoring Devices
3) By Services: Installation And Integration Services, Training And Support Services, Consulting Services, Maintenance Services, Cloud Hosting And Data Management Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18428
Which region dominates the pharmacy management system market?
North America was the largest region in the pharmacy management system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacy management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the pharmacy management system industry growth?
Major companies operating in the pharmacy management system market are McKesson Corporation, Cardinal Health Inc., Oracle Corporation, Siemens Healthcare AG, Becton, Dickinson and Company (BD), GE HealthCare Technologies Inc., Epic Systems Corporation, Omnicell Inc., Epicor Software Corporation, Agfa-Gevaert NV, NextGen Healthcare Information Systems LLC, Veradigm LLC, Computer Programs and Systems Inc., Clanwilliam Health Limited, ScriptPro LLC, Swisslog Healthcare AG, LS Retail ehf., ARxIUM Inc., PioneerRx LLC, MedHOK LLC, SafeCare Group, Octal IT Solution LLC, Liberty Software Inc., Datascan Pharmacy Inc., Supplylogix LLC
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=18428&type=smp
What Is Covered In The Pharmacy Management System Global Market Report?
•Market Size Forecast: Examine the pharmacy management system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pharmacy management system market for a structured understanding.
•Key Players Overview: Analyze major players in the pharmacy management system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pharmacy management system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pharmacy management system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pharmacy management system market.
•Industry Challenges: Identify potential risks and obstacles affecting the pharmacy management system market.
•Competitive Landscape: Review strategic developments in the pharmacy management system market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pharmacy Management System Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here
News-ID: 3931943 • Views: …
More Releases from The Business Research Company
Unlocking Opportunities in the Tyrosine Kinase Inhibitors Market: 2025-2034 Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Tyrosine Kinase Inhibitors Industry Market Size Be by 2025?
The market for tyrosine kinase inhibitors has seen robust growth in recent times. The market is predicted to expand from $58.03 billion in 2024 to $62.66 billion in 2025, marking a compound annual growth rate (CAGR) of…
Sustained Release Excipients Market Advances With Product Innovation Industry Tr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Sustained Release Excipients Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of sustained release excipients has seen significant growth. It's projected to increase from $1.4 billion in 2024 to $1.51 billion in 2025, exhibiting a Compound Annual Growth Rate…
Surge In Cancer Cases Fuels Expansion Of The RNA-Targeting Small Molecule Therap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the RNA Targeting Small Molecules Therapeutics Market Size By 2025?
In recent years, the market size of RNA targeting small molecules therapeutics has witnessed substantial growth. The market, which is estimated to be worth $6.1 billion in 2024, is projected to increase to $7.83 billion in…
Surge In Autoimmune Diseases Fuels Remicade Biosimilar Market Growth Emerges as …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Remicade Biosimilar Market Through 2025?
In recent times, we've seen significant expansion in the remicade biosimilar market. Projected growth from 2024's $3.95 billion to $4.89 billion in 2025 indicates a compound annual growth rate (CAGR) of 23.8%. This rise during the historic…
More Releases for Management
Gym Management Software Market By Functions - Scheduling Appointments, Waitlist …
MarketResearchReports.Biz announces addition of new report "Gym Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.
Gym management software is a software solution which allows the users to manage the different processes associated with running a gym in an efficient and effective manner. These software solutions are generally multifunctional and can manage all the diverse processes associated with managing a gym…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…
