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