The global Pharmacy Inventory Management Software Solutions And Cabinets
Market size is expected to reach USD 7.16 billion by 2025,
according to a new report by Grand View Research, Inc., exhibiting an 8.6% CAGR
during the forecast period. Increasing number of dispensed prescriptions,
growing adoption of pharmacy automation systems, and rising incidence of
medication errors are some of the key drivers for this market. Technological
advancements in automated dispensing cabinets design are also expected to
positively impact market growth in the coming years.
Rising number of retail, mail order, and long-term care
(LTC) pharmacies propel demand for inventory management software and systems in
order to dispense high volume of medications. Rising pressure by governments to
minimize medication costs is further expected to drive demand for these
software and cabinets, as they aid in reduction of excess inventory costs.
Increasing demand for efficient workflow in hospitals and pharmacies is also
contributing toward market growth.
Demand for automated dispensing cabinets is increasing in
retail pharmacies owing to increasing workload on pharmacists, coupled with
surging need for effective patient counselling. In addition, rising government
initiatives towards improvement in healthcare infrastructure and growing
healthcare expenditure in developing countries are positively influencing
market growth.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/pharmacy-inventory-management-software-solutions-cabinets-market
Further key findings from the report
suggest:
- Pharmacy
inventory management systems/cabinets in retail pharmacies emerged as the
leading segment in terms of revenue in 2017 owing to rising number of
retail pharmacies and growing number of prescriptions
- By mode of
operation, decentralized systems/cabinets accounted for the largest
revenue share in 2017 owing to rising incidence of medication errors and
increasing number of dispensed prescriptions
- In terms
of geography, North America dominated the global market in 2017 in terms
of revenue and Asia Pacific is expected to register the highest growth
rate over the forecast period
- Omnicell,
Inc.; BD; Talyst, LLC; and ARxIUM are the major players operating in the
market. This market is dominated by the presence of both multinational
companies and small players.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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