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Pharmacy Information Systems Market is set to Exceed Valuation of USD 21.74 Billion at a Potential Compound Annual Growth Rate of 10.90% by 2029

Growing investment in pharmacy management systems is anticipated to boost market expansion. During the forecast period of 2022 to 2029, it is anticipated that additional factors like rising government funding, rising adoption of cutting-edge technologies, and rising number of healthcare instrument makers would propel the pharmacy information systems market

/EIN News/ -- WASHINGTON, Aug. 18, 2022 (GLOBE NEWSWIRE) -- A Qualitative Research Study accomplished by Data Bridge Market research's database of 350 pages, titled as “Global Pharmacy Information Systems Market” with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. Pharmacy Information Systems Market report has crucial aspects of the market that contains industry research, market sizing & forecast, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment. This business report takes into consideration key market dynamics of the sector. With this marketing document, businesses can think about the scene of how the market is going to act upon in the forecast years by gaining details on market definition, classifications, applications, and engagements. Pharmacy Information Systems Market business report also makes available knowledge of all the drivers and restraints which are derived through SWOT analysis.

Data Bridge Market Research analyses that the Pharmacy Information Systems Market which was USD 9.5 billion in 2021, would rocket up to USD 21.74 billion by 2029, and is expected to undergo a CAGR of 10.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Overview:-

The pharmacy information systems aids the pharmacist in handling different value chain stakeholders and medication regulation. By reducing the communication gap, supplying authentic pharmaceuticals, and lowering the rates of drug counterfeiting, pharmacy information systems enable pharmacists to deliver effective, professional, and tailored treatment (depending on the patient's requirements) and streamline the workflow. The demand for pharma informatics solutions is growing as a result of increased healthcare costs and enhanced business processes for pharmaceutical businesses to manage inventory and patient records.

Hospital pharmacy departments employ computer systems called pharmacy information systems (PIS). These intricate systems were created expressly to meet the pharmacy division's needs. Pharmacy information systems also enable pharmacists to supervise and track the usage of drugs in hospitals. Pharmacy information systems can also be used to complete duties including inventory management, pricing, billing, and medication administration (PIS).

REPORT METRIC

Forecast Period - 2022 to 2029

Base Year – 2021

Historic Years - 2020 (Customizable to 2014 - 2019)

This Research Report Covers:

  • To analyse the amount and value of the global pharmacy information systems market, depending on key regions
  • Global pharmacy information systems market research report provides a comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitor’s analysis
  • Provides information on the historical and present market size and the future potential of the market
  • Research report covers the in-depth analysis for changing competitive dynamics

Some of the major players operating in the pharmacy information systems market are:

  • Carestream Health (U.S.)
  • Parata Systems,LLC (U.S.)
  • Swisslog Holding AG (Switzerland)
  • eClinical Works (U.S.)
  • Athenahealth (U.S.)
  • Cerner Corporation (U.S.)
  • BestRx (U.S.)
  • Epic Systems (U.S.)
  • eClinicalWorks (U.S.)
  • Allscripts Healthcare Solutions (U.S.)
  • ScriptPro LLC (U.S.)
  • McKesson Corporation (U.S.)
  • Parata Systems (U.S.)

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Core Objective of pharmacy information systems Market:

Every firm in the pharmacy information systems market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

  • Size of the pharmacy information systems market and growth rate factors.
  • Important changes in the future pharmacy information systems Market.
  • Top worldwide competitors of the Market.
  • Scope and product outlook of pharmacy information systems Market.
  • Developing regions with potential growth in the future.
  • Tough Challenges and risk faced in Market.
  • Global pharmacy information systems top manufacturers profile and sales statistics.

Pharmacy Information Systems Market Dynamics

Drivers

  • Growing investments in pharma sectors

Growing investment in pharmacy management systems is anticipated to boost market expansion. During the forecast period of 2022 to 2029, it is anticipated that additional factors like rising government funding, rising adoption of cutting-edge technologies, and rising number of healthcare instrument makers would propel the pharmacy information systems market.

  • Technological advancements

Other factors influencing the expansion of the global PIS market include the rise in healthcare instrument manufacturers across the globe, increased funding, and technical developments.

Opportunities

Due to the huge shift in patient-centric solutions, government agencies and venture capitalists are boosting their investments, which will support the market for pharmacy information systems going forward.

Pharmacy Information Systems Market Scope:-

Type

  • Inpatient Pharmacy Information Systems
  • Outpatient Pharmacy Information Systems

Component

  • Services
  • Hardware
  • Software

Deployment Model

  • Cloud Based
  • On-Premise
  • Web Based

Application

  • Physician Offices
  • Hospital
  • Pharmacy
  • Paramedic Services
  • Others

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Pharmacy Information Systems Market Regional Analysis/Insights

The pharmacy information systems market is analysed and market size insights and trends are provided by country, type, component, deployment model and application as referenced above.

The countries covered in the pharmacy information systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the pharmacy information systems market due to technological advancements, better healthcare infrastructure, and regional government support.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.

Recent Development

  • In Feb 2021, Parata Systems recently launched an enhanced Website as a comprehensive pharmacy automation system to improved patient outcomes. The new website makes it simpler for pharmacy professionals to find solutions for the problems in their particular market segments by offering the most comprehensive pharmacy automation portfolio to promote improved patient outcomes.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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