Global Pharmacy Management System Market Report and Forecast 2024-2032

Global Pharmacy Management System Market Report and Forecast 2024-2032


Global Pharmacy Management System Market Outlook

The global pharmacy management system market was valued USD 43.2 billion in 2023, driven by digital transformation, regulatory compliance, increased demand for efficient inventory management has led to market growth across the globe. The market size is anticipated to grow at a CAGR of 9.8% during the forecast period of 2024-2032 to achieve a value of USD 99.8 billion by 2032.

Pharmacy Management System: Introduction

A pharmacy management system (PMS) is a comprehensive digital solution designed to optimize and streamline the processes and tasks associated with a pharmacy. From inventory control and prescription management to billing and customer interactions, a PMS facilitates the holistic functioning of a pharmacy, ensuring it operates efficiently, complies with relevant regulations, and provides enhanced patient care.

Benefits of a Pharmacy Management System:
  • Efficiency: Reduces manual tasks, automates repetitive processes, and enhances overall workflow.
  • Safety: By checking for drug interactions and allergies, the system ensures that the right medications are dispensed, reducing the risk of errors.
  • Regulatory Compliance: Helps pharmacies to adhere to regulatory guidelines by maintaining accurate records and ensuring that only approved medications are dispensed.
  • Improved Customer Service: Reduces wait times and enhances the customer experience by offering services like online refills, reminders, and personalized medication counseling.
  • Data-driven Decisions: The insights and reports generated allow pharmacy owners to make informed business decisions.
Key Trends in the Global Pharmacy Management System Market

Key trends in the pharmacy management system market include:
  • Cloud-based Solutions: The shift towards cloud-based pharmacy management systems is prominent, allowing pharmacies to reduce upfront costs, scale easily, and access data from anywhere.
  • Artificial Intelligence and Machine Learning: AI and ML are being integrated into PMS to predict medication needs, enhance patient interactions, optimize inventory management, and reduce human errors.
  • Data Analytics: Advanced analytics tools are helping pharmacies understand patient behaviors, optimize stock levels, and improve profitability.
  • Telepharmacy: With the rise in telemedicine, telepharmacy features are being integrated into PMS, allowing consultations and medication guidance to occur remotely.
  • Mobile Integration: Mobile apps for both pharmacists and customers are on the rise, offering functionalities like medication reminders, prescription refills, and direct communication.
Global Pharmacy Management System Market Segmentation

The market can be categorised into product mode of deployment, component and region.

Market Breakup by Mode of Deployment
  • On Premises
  • Cloud Based
Market Breakup by Component
  • Solutions
o Inventory Management

o Purchase Orders Management

o Supply Chain Management

o Regulatory and Compliance Information

o Clinical and Administrative Performance

o Others
  • Services
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Global Pharmacy Management System Market Overview

The Pharmacy Management System (PMS) market has observed steady growth over recent years due to various factors including advancements in technology, changing healthcare needs, and increased emphasis on patient safety and operational efficiency in pharmacies. The global PMS market has shown a rising trend, with a compound annual growth rate (CAGR) indicative of an expanding market. This growth can be attributed to increasing technological adoption in healthcare, a growing number of pharmacies, and the escalating needs of an aging global population.

North America dominates the market due to its advanced healthcare infrastructure, quick adoption of technology, and stringent regulatory mandates related to patient safety and healthcare provision. Europe follows closely, with growth driven by rising healthcare expenditure, a robust pharmaceutical industry, and increasing awareness about the advantages of PMS. The Asia Pacific region is witnessing rapid growth due to increasing investments in healthcare, a booming pharmaceutical industry, and rising awareness about the benefits of automated pharmacy systems.

The pharmacy management system market is set to witness robust growth due to the convergence of technology, healthcare needs, and regulatory frameworks. As pharmacies worldwide continue to upgrade their systems to meet the dynamic needs of healthcare providers and patients, the demand for advanced, secure, and efficient PMS will remain on the rise.

Key Players in the Global Pharmacy Management System Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in pharmacy management system market are as follows:
  • 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.)
  • GlobeMed Ltd.
  • Health Business Systems Inc.
  • Idhasoft Ltd.
  • MedHOK Inc.
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Pharmacy Management System Market Overview
3.1 Global Pharmacy Management System Market Historical Value (2017-2023)
3.2 Global Pharmacy Management System Market Forecast Value (2024-2032)
4 Global Pharmacy Management System Market Landscape
4.1 Global Pharmacy Management System Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Pharmacy Management System Product Landscape
4.2.1 Analysis by Mode of Deployment
4.2.2 Analysis by Components
5 Global Pharmacy Management System Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Pharmacy Management System Market Segmentation
6.1 Global Pharmacy Management System Market by Mode of Deployment
6.1.1 Market Overview
6.1.2 On Premises
6.1.3 Cloud Based
6.2 Global Pharmacy Management System Market by Component
6.2.1 Market Overview
6.2.2 Solutions
6.2.2.1 Inventory Management
6.2.2.2 Purchase Orders Management
6.2.2.3 Supply Chain Management
6.2.2.4 Regulatory and Compliance Information
6.2.2.5 Clinical and Administrative Performance
6.2.2.6 Others
6.2.3 Services
6.3 Global Pharmacy Management System Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Pharmacy Management System Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Pharmacy Management System Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Pharmacy Management System Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Pharmacy Management System Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Pharmacy Management System Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Grants Analysis
12.1 Analysis by year
12.2 Analysis by Amount Awarded
12.3 Analysis by Issuing Authority
12.4 Analysis by Grant Application
12.5 Analysis by Funding Institute
12.6 Analysis by NIH Departments
12.7 Analysis by Recipient Organization
13 Funding Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Regulatory Framework
15.1 Regulatory Overview
15.1.1 US FDA
15.1.2 EU EMA
15.1.3 INDIA CDSCO
15.1.4 JAPAN PMDA
15.1.5 Others
16 Supplier Landscape
16.1 McKesson Corporation
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisition
16.1.5 Certifications
16.2 Cerner Corporation
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisition
16.2.5 Certifications
16.3 Becton Dickinson and Co.
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisition
16.3.5 Certifications
16.4 GE Healthcare Inc.
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisition
16.4.5 Certifications
16.5 Talyst LLC
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisition
16.5.5 Certifications
16.6 Allscripts Healthcare Solution Inc.
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisition
16.6.5 Certifications
16.7 Epicor Software Corporation
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisition
16.7.5 Certifications
16.8 Omnicell Inc.
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisition
16.8.5 Certifications
16.9 ACG Infotech Ltd.
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisition
16.9.5 Certifications
16.10 Clanwilliam Health Ltd.
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisition
16.10.5 Certifications
16.11 DATASCAN (DCS Pharmacy Inc.)
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisition
16.11.5 Certifications
16.12 GlobeMed Ltd.
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisition
16.12.5 Certifications
16.13 Health Business Systems Inc.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisition
16.13.5 Certifications
16.14 Idhasoft Ltd.
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisition
16.14.5 Certifications
16.15 MedHOK Inc.
16.15.1 Financial Analysis
16.15.2 Product Portfolio
16.15.3 Demographic Reach and Achievements
16.15.4 Mergers and Acquisition
16.15.5 Certifications
17 Global Pharmacy Management System Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings