Global Pharmacy Inventory Management Software Solutions and Cabinets Market – Industry Trends & Forecast to 2026

  • Healthcare IT
  • Upcoming Report
  • Jul 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Pharmacy Inventory Management Software Solutions and Cabinets Market By Mode of Operation Outlook (Centralized systems, Decentralized systems), End User Outlook (Independent pharmacies, Hospital pharmacies, Long-term care centers), Geography (North America, Europe, Asia- Pacific, South America, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Pharmacy Inventory Management Software Solutions and Cabinets Market

Global pharmacy inventory management software solutions and cabinets market is expected to register a substantial CAGR of 9.1% in the forecast period of 2019-2026. This rise in the market can be attributed to the rise in demand for solutions of automation inventory processes; increase in number of long-term care pharmacies and to minimize the cost in healthcare is a major factor driving the market

Market Definition: Global Pharmacy Inventory Management Software Solutions and Cabinets Market

A global pharmacy inventory management software solution is a business which provides software for managing the inventory, sales, orders and deliveries of the medicines in the healthcare industry. The advantage of the software is that it helps in keeping the track of the various stock which optimize the business efficiency. The inventory management software solutions also reduces the operational cost of inventory and adds to profit of an organization

Market Drivers

  • Rise in demand for solutions of automation inventory processes such as counting, warehousing and restocking among others is driving the growth of the market
  • Rise in number of long-term care pharmacies is contributing towards the growth of the market
  • To minimize the cost in healthcare is a major factor which has driven the market
  • Increase in the adoption of automation in the pharmacies to manage their stocks is also boosting the growth of the market

Market Restraints

  • Requires rigorous practice and training while managing software which is restraining the growth of the market
  • Wrong entries in the software of stocks can change the inventory which hampers the market growth

Segmentation: Global Pharmacy Inventory Management Software Solutions and Cabinets Market

By Mode of Operation

  • Centralized systems

    • Software Solutions
    • Cabinets

  • Decentralized systems

    • Software Solutions
    • Cabinets

By End User

  • Independent pharmacies

    • Software Solutions
    • Cabinets

  • Hospital pharmacies

    • Software Solutions
    • Cabinets

  • Long-term care centers

    • Software Solutions
    • Cabinets

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In November 2018, ARxIUM has announced a launch of new mobile application for the inventory management in health system and hospital pharmacies. The company provides a platform for software which automates and manages pharmacies of all type. The software can be installed in mobile to improve inventory accuracy in health system and hospital pharmacies. The motive behind the software is to manage inventory throughout the pharmacy footprints rather than being confined only to workstations
  • In June 2018, Prodigy Health, which is a drug distributor announced the purchase of IntelliGuard’s Intelligent Inventory Solutions’ powering real time  RFID solution for optimizing innovative technology solutions and managing the specialty pharmaceuticals in the hospital supply chain

Competitive Analysis:

Global pharmacy inventory management software solutions and cabinets market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmacy inventory management software solutions and cabinets market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major market competitors currently working in the global pharmacy inventory management software solutions and cabinets market are Omnicell Inc, Liberty Software Inc, DATASCAN (DCS Pharmacy, Inc.), Oracle, Supplylogix LLC, ARxIUM, Talyst LLC, Health Business Systems Inc, BD, McKesson Corporation, Epicor Software Corporation, Logic ERP Solutions Pvt Ltd, Clanwilliam Health, GlobeMed Ltd and JVM CO.,LTD among others

Research Methodology: Global Pharmacy Inventory Management Software Solutions and Cabinets Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global pharmacy inventory management software solutions and cabinets market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)


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