How Pharmacy Management System Transforming Healthcare Industry


A Pharmacy Management System is an important tool equipped with powerful and user-friendly pharmacy management services. These systems assist pharmacists in managing complex tasks such as dispensing medicines, inventory management, and point of sales functions. The global pharmacy management system market is driven by factors such as developing the healthcare IT industry, increasing the number of pharmacies globally and improving healthcare infrastructure in developing countries.

However, limitations such as downtime, high cost, and system incompatibilities associated with the pharmacy management system are anticipated to restrain the market growth during the forecast period. Moreover, rising demand for pharmacy management system in APAC and European countries are likely to deliver substantial growth opportunities to improve market share for industry players in the near future.

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Growth strategies such as partnerships, agreement and acquisition have been significantly witnessed in the pharmacy management system market, which has helped the company to strengthen its customer base. For instance, in Feb 2018, many hospitals in the U.S. have adopted the OMNICELL’s XR2 automated central pharmacy system to improve dispensing and reduce cost.

Top Company Profiles: 
  1. McKesson Corporation
  2. Cerner Corporation
  3. BD
  4. General Electric Company
  5. Allscripts Healthcare, LLC
  6. Epicor Software Corporation
  7. Talyst LLC (Swisslog Healthcare)
  8. OMNICELL INC.
  9. ACG Infotech Ltd.
  10. Clanwilliam Health


In the Asia Pacific, development has been made significantly to offer better healthcare services. The government supports the developments through various strategies, initiatives, and programs that assist pharmacists and other healthcare professionals in enhancing their businesses. For instance, in Australia, digital health policy has been planned under the program, the Australian Digital Health Agency Medicine Safety Program.  

Furthermore, the development in the healthcare industry has led to increasing pharmacy business across the country. The growth in the pharmacy business is seen due to several factors such as rising demand for the medicine to treat various chronic illnesses, growing demand for healthcare products, and a rising geriatric population that demands more of medicine for the age-related illness.

Source: The Insight Partners


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