Pharmacy Management Systems Market Investment Analysis & Top Competitive Landscape Leaders for 2022 – Exclusive Report by Mordor Intelligence

June 22 00:45 2022
Pharmacy Management Systems Market Investment Analysis & Top Competitive Landscape Leaders for 2022 - Exclusive Report by Mordor Intelligence
Mordor Intelligence
The Pharmacy Management System Market is competitive and consists of several partakers like McKesson Corporation, Clanwilliam Health Ltd, Cerner Corporation, Becton Dickinson and Co., GE Healthcare Inc., Talyst LLC, Allscripts Healthcare Solution Inc., and many more. In May’22, ValGenesis Inc. and Zenovative, a technology development and consulting firm have teamed up to provide pharmaceutical companies worldwide with unique compliance-focused digital validation solutions.

Pharmacy Management System Market Overview

The Pharmacy Management System Market is poised to grow at a CAGR of 10.73% during the forecast period (2022 – 2027). PMS allows the pharmacists to provide efficient, professional, and personalized care (based on the patient’s requirements) and streamline the workflow by bridging the communication gap, providing legitimate drugs, and reducing the incidences of drug counterfeits. The companies, such as McKesson Corporation and Becton Dickinson and Co, among others, have been extensively inclined toward developing PMS solutions.

US-based Ahold Delhaize operates 562 pharmacies and has recently shown interest in implementing PMS solutions for their therapy management to better document the requirements of their patients and enable better services. The company mentioned that the PMS would be pivotal to different areas by counseling the patient. The company also manages 1,000 prescriptions per week in every pharmacy they operate through their pharmacy management solution.

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Key Highlights of the Pharmacy Management System Market

  • Bartles Pharmacy announced deploying a PMS solution for its daily operations to improve the realization of PDC (Proportion of Days Covered) by more than 10% in a period of six to twelve months. Along with this, the company also experienced a significant increase in tits refills (from 3.6 to 10 fills per patient) and a reduction in DIR’s fees.
  • The number of pharmaceutical counterfeiting incidents has increased by 25% from 2017 to 2018, where 961 counterfeiting incidents involved either customs seizures or police/health inspector raids. Implementing reliable inventory management across the pharmaceutical supply chain can contribute to tracking illegal medicines and better drug selection choices.

Pharmacy Management System Market – Geographical Overview

The US healthcare industry is undergoing significant transformations driven by new technology. Almost every aspect of healthcare is changing, from insurance coverage to healthcare data analytics for effective treatment plans.

The number of independent pharmacies in the United States was observed to be increasing in the last decade. According to the National Community of Pharmacists Association (NCPA), independent community pharmacies represent around 34% of the retail pharmacies of the United States, with a value of USD 67.1 billion in 2020. Furthermore, the increased use of electronic medical records (EHRs) allowed the pharmacies to integrate pharmacy management systems increasingly.

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Recent Developments in the Pharmacy Management System Market

  • June 2022 – GE Healthcare provides cutting-edge molecular imaging solutions that enable and increase access to precision health and theranostics to help improve patient outcomes across care areas, including prostate cancer. Where most medical therapies are designed with the average patient in mind, theranostics combines diagnoses and treatment in one application, providing a more targeted and personalized therapy than ever before.
  • June 2022 – CerTest Biotec collaborated with BD on the Molecular Diagnostic Test for Monkeypox. As part of the collaboration, the assay will leverage the BD MAX open system reagent suite to validate the CerTest VIASURE Monkeypox CE/IVD molecular test on the BD MAX System. The BD MAX System is a fully integrated, automated platform that performs nucleic acid extraction and real-time PCR, providing results for up to 24 samples across multiple syndromes in less than three hours.

Related Research and Links

List of Key Players in the Pharmacy Management System Market

  • McKesson Corporation
  • Cerner Corporation
  • Becton Dickinson and Co.
  • GE Healthcare Inc.
  • Talyst LLC
  • Allscripts Healthcare Solution Inc.
  • Epicor Software Corporation
  • Omnicell Inc.
  • ACG Infotech Ltd
  • Clanwilliam Health Ltd
  • DATASCAN (DCS Pharmacy Inc.)

*List Not Exhaustive

Mordor Intelligence has segmented the Pharmacy Management System Market based on Component, Deployment, Size of the Organization, and Geography:

  • Component (Market Size & Forecast based on Value (USD million), 2020-2027)
    • Solutions
      • Inventory Management
      • Purchase Orders Management
      • Supply Chain Management
      • Regulatory and Compliance Information
      • Clinical and Administrative Performance
      • Other Solutions
      • Services
  • Deployment (Market Size & Forecast based on Value (USD million), 2020-2027)
    • Cloud
    • On-premise
  • Size of the Organization (Market Size & Forecast based on Value (USD million), 2020-2027)
    • Independent Pharmacies
    • Chained Pharmacies
  • Geography (Market Size & Forecast based on Value (USD million), 2020-2027)
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

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