Pharmacy Inventory Management Software Solutions And Cabinets Market Share & Trends Analysis Report By Type (Cabinets/Systems), By Mode Of Operations, By End Use, By Region, And Segment Forecasts, 2025 - 2033
Description
Pharmacy Inventory Management Software Solutions and Cabinets Market Summary
As the healthcare sector expands rapidly, it faces a significant rise in the volume of prescriptions. Healthcare providers have increasingly sought automated pharmacy inventory management systems to reduce medication errors. For instance, Texas Children’s Hospital implements an advanced RFID drug inventory management system each year, focusing on high-value and specialty medications. The new process reduces manual data entry by associating RFID tags with medications and their storage locations, enabling real-time tracking, reducing waste, preventing drug diversion, and improving inventory accuracy.
In addition, pharmacies have increasingly adopted advanced medication management systems to ensure updated inventory and monitor slow-moving inventory and the expiry of medicines. The implementation of analytical tools advanced with artificial intelligence (AI), the Internet of Things (IoT), and blockchain have significantly enhanced the functionality of the pharmacy management system, leading to substantial inventory acquisition and usage tracking. The pharmacy inventory management system assists in handling the intricacies of overseeing drug inventory, point-of-sale transactions, and dispensing medication. Moreover, healthcare professionals have faced mounting pressure to reduce costs. Inventory management software and cabinets help manage medication inventory efficiently, minimizing excess stock and lowering expenses. For instance, Intermountain Healthcare reported that 60%-70% of its pharmacy budget was allocated to inventory management. Similarly, hospitals are investing in establishing smart rooms for inventory management. For instance, in February 2023, Galilee Medical Center in northern Israel launched the first smart room for managing operating room inventory. Developed by Autonomi ltd. and Sarel, this system automates inventory management, reducing errors and waste.
Global Pharmacy Inventory Management Software Solutions And Cabinets Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global pharmacy inventory management software solutions and cabinets market report based on type, mode of operations, end use, and region:
As the healthcare sector expands rapidly, it faces a significant rise in the volume of prescriptions. Healthcare providers have increasingly sought automated pharmacy inventory management systems to reduce medication errors. For instance, Texas Children’s Hospital implements an advanced RFID drug inventory management system each year, focusing on high-value and specialty medications. The new process reduces manual data entry by associating RFID tags with medications and their storage locations, enabling real-time tracking, reducing waste, preventing drug diversion, and improving inventory accuracy.
In addition, pharmacies have increasingly adopted advanced medication management systems to ensure updated inventory and monitor slow-moving inventory and the expiry of medicines. The implementation of analytical tools advanced with artificial intelligence (AI), the Internet of Things (IoT), and blockchain have significantly enhanced the functionality of the pharmacy management system, leading to substantial inventory acquisition and usage tracking. The pharmacy inventory management system assists in handling the intricacies of overseeing drug inventory, point-of-sale transactions, and dispensing medication. Moreover, healthcare professionals have faced mounting pressure to reduce costs. Inventory management software and cabinets help manage medication inventory efficiently, minimizing excess stock and lowering expenses. For instance, Intermountain Healthcare reported that 60%-70% of its pharmacy budget was allocated to inventory management. Similarly, hospitals are investing in establishing smart rooms for inventory management. For instance, in February 2023, Galilee Medical Center in northern Israel launched the first smart room for managing operating room inventory. Developed by Autonomi ltd. and Sarel, this system automates inventory management, reducing errors and waste.
Global Pharmacy Inventory Management Software Solutions And Cabinets Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global pharmacy inventory management software solutions and cabinets market report based on type, mode of operations, end use, and region:
- Type Outlook (Revenue, USD Million, 2021 - 2033)
- Cabinets/Systems
- Software Solutions
- Mode of Operations Outlook (Revenue, USD Million, 2021 - 2033)
- Centralized
- Decentralized
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Independent Pharmacies
- Hospital Pharmacies
- LTC
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.2.1. Type Segment
- 1.2.2. Mode of Operations Segment
- 1.2.3. End Use Segment
- 1.3. Information analysis
- 1.3.1. Market formulation & data visualization
- 1.4. Data validation & publishing
- 1.5. Information Procurement
- 1.5.1. Primary Research
- 1.6. Information or Data Analysis
- 1.7. Market Formulation & Validation
- 1.8. Market Model
- 1.9. Total Market: CAGR Calculation
- 1.10. Objectives
- 1.10.1. Objective 1
- 1.10.2. Objective 2
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Snapshot
- 2.3. Competitive Insights Landscape
- Chapter 3. Pharmacy Inventory Management Software Solutions and Cabinets Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook.
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.2.3. Market opportunity analysis
- 3.2.4. Market challenges analysis
- 3.3. Pharmacy Inventory Management Software Solutions and Cabinets Market Analysis Tools
- 3.3.1. Industry Analysis - Porter’s
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.2.4. Environmental Landscape
- 3.3.2.5. Legal Landscape
- 3.3.2.6. Social Landscape
- Chapter 4. Pharmacy Inventory Management Software Solutions and Cabinets Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Global Pharmacy Inventory Management Software Solutions and Cabinets Market Type Movement Analysis
- 4.3. Global Pharmacy Inventory Management Software Solutions and Cabinets Market Size & Trend Analysis, by Type, 2021 to 2033 (USD Million)
- 4.4. Cabinets/Systems
- 4.4.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- 4.5. Software Solutions
- 4.5.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- Chapter 5. Pharmacy Inventory Management Software Solutions and Cabinets Market: Mode of Operations Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Global Pharmacy Inventory Management Software Solutions and Cabinets Market Mode of Operations Movement Analysis
- 5.3. Global Pharmacy Inventory Management Software Solutions and Cabinets Market Size & Trend Analysis, by Mode of Operations, 2021 to 2033 (USD Million)
- 5.4. Centralized
- 5.4.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- 5.5. Decentralized
- 5.5.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- 5.5.1.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- Chapter 6. Pharmacy Inventory Management Software Solutions and Cabinets Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Global Pharmacy Inventory Management Software Solutions and Cabinets Market End Use Movement Analysis
- 6.3. Global Pharmacy Inventory Management Software Solutions and Cabinets Market Size & Trend Analysis, by End Use, 2021 to 2033 (USD Million)
- 6.4. Independent Pharmacies
- 6.4.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- 6.5. Hospital Pharmacies
- 6.5.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- 6.6. LTC
- 6.6.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- 6.7. Others
- 6.7.1. Market estimates and forecasts 2021 to 2033 (USD Million)
- Chapter 7. Pharmacy Inventory Management Software Solutions and Cabinets Market: Regional Estimates & Trend Analysis
- 7.1. Regional Market Share Analysis, 2024 & 2033
- 7.2. Regional Market Dashboard
- 7.3. Market Size, & Forecasts Trend Analysis, 2021 to 2033:
- 7.4. North America
- 7.4.1. U.S.
- 7.4.1.1. Key country dynamics
- 7.4.1.2. Regulatory framework
- 7.4.1.3. Competitive scenario
- 7.4.1.4. U.S. market estimates and forecasts 2021 to 2033 (USD Million)
- 7.4.2. Canada
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Regulatory framework
- 7.4.2.3. Competitive scenario
- 7.4.2.4. Canada market estimates and forecasts 2021 to 2033 (USD Million)
- 7.4.3. Mexico
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Regulatory framework
- 7.4.3.3. Competitive scenario
- 7.4.3.4. Mexico market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5. Europe
- 7.5.1. UK
- 7.5.1.1. Key country dynamics
- 7.5.1.2. Regulatory framework
- 7.5.1.3. Competitive scenario
- 7.5.1.4. UK market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.2. Germany
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Regulatory framework
- 7.5.2.3. Competitive scenario
- 7.5.2.4. Germany market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.3. France
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Regulatory framework
- 7.5.3.3. Competitive scenario
- 7.5.3.4. France market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.4. Italy
- 7.5.4.1. Key country dynamics
- 7.5.4.2. Regulatory framework
- 7.5.4.3. Competitive scenario
- 7.5.4.4. Italy market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.5. Spain
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Regulatory framework
- 7.5.5.3. Competitive scenario
- 7.5.5.4. Spain market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.6. Norway
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Regulatory framework
- 7.5.6.3. Competitive scenario
- 7.5.6.4. Norway market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.7. Sweden
- 7.5.7.1. Key country dynamics
- 7.5.7.2. Regulatory framework
- 7.5.7.3. Competitive scenario
- 7.5.7.4. Sweden market estimates and forecasts 2021 to 2033 (USD Million)
- 7.5.8. Denmark
- 7.5.8.1. Key country dynamics
- 7.5.8.2. Regulatory framework
- 7.5.8.3. Competitive scenario
- 7.5.8.4. Denmark market estimates and forecasts 2021 to 2033 (USD Million)
- 7.6. Asia Pacific
- 7.6.1. Japan
- 7.6.1.1. Key country dynamics
- 7.6.1.2. Regulatory framework
- 7.6.1.3. Competitive scenario
- 7.6.1.4. Japan market estimates and forecasts 2021 to 2033 (USD Million)
- 7.6.2. China
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Regulatory framework
- 7.6.2.3. Competitive scenario
- 7.6.2.4. China market estimates and forecasts 2021 to 2033 (USD Million)
- 7.6.3. India
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Regulatory framework
- 7.6.3.3. Competitive scenario
- 7.6.3.4. India market estimates and forecasts 2021 to 2033 (USD Million)
- 7.6.4. Australia
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Regulatory framework
- 7.6.4.3. Competitive scenario
- 7.6.4.4. Australia market estimates and forecasts 2021 to 2033 (USD Million)
- 7.6.5. South Korea
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Regulatory framework
- 7.6.5.3. Competitive scenario
- 7.6.5.4. South Korea market estimates and forecasts 2021 to 2033 (USD Million)
- 7.6.6. Thailand
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Regulatory framework
- 7.6.6.3. Competitive scenario
- 7.6.6.4. Thailand market estimates and forecasts 2021 to 2033 (USD Million)
- 7.7. Latin America
- 7.7.1. Brazil
- 7.7.1.1. Key country dynamics
- 7.7.1.2. Regulatory framework
- 7.7.1.3. Competitive scenario
- 7.7.1.4. Brazil market estimates and forecasts 2021 to 2033 (USD Million)
- 7.7.2. Argentina
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Regulatory framework
- 7.7.2.3. Competitive scenario
- 7.7.2.4. Argentina market estimates and forecasts 2021 to 2033 (USD Million)
- 7.8. MEA
- 7.8.1. South Africa
- 7.8.1.1. Key country dynamics
- 7.8.1.2. Regulatory framework
- 7.8.1.3. Competitive scenario
- 7.8.1.4. South Africa market estimates and forecasts 2021 to 2033 (USD Million)
- 7.8.2. Saudi Arabia
- 7.8.2.1. Key country dynamics
- 7.8.2.2. Regulatory framework
- 7.8.2.3. Competitive scenario
- 7.8.2.4. Saudi Arabia market estimates and forecasts 2021 to 2033 (USD Million)
- 7.8.3. UAE
- 7.8.3.1. Key country dynamics
- 7.8.3.2. Regulatory framework
- 7.8.3.3. Competitive scenario
- 7.8.3.4. UAE market estimates and forecasts 2021 to 2033 (USD Million)
- 7.8.4. Kuwait
- 7.8.4.1. Key country dynamics
- 7.8.4.2. Regulatory framework
- 7.8.4.3. Competitive scenario
- 7.8.4.4. Kuwait market estimates and forecasts 2021 to 2033 (USD Million)
- Chapter 8. Competitive Landscape
- 8.1. Company/Competition Categorization
- 8.2. Strategy Mapping
- 8.3. Company Market Position Analysis, 2024
- 8.4. Company Profiles/Listing
- 8.4.1. ARxIUM
- 8.4.1.1. Company overview
- 8.4.1.2. Financial performance
- 8.4.1.3. Product benchmarking
- 8.4.1.4. Strategic initiatives
- 8.4.2. BD
- 8.4.2.1. Company overview
- 8.4.2.2. Financial performance
- 8.4.2.3. Product benchmarking
- 8.4.2.4. Strategic initiatives
- 8.4.3. Clanwilliam IRL
- 8.4.3.1. Company overview
- 8.4.3.2. Financial performance
- 8.4.3.3. Product benchmarking
- 8.4.3.4. Strategic initiatives
- 8.4.4. Datascan
- 8.4.4.1. Company overview
- 8.4.4.2. Financial performance
- 8.4.4.3. Product benchmarking
- 8.4.4.4. Strategic initiatives
- 8.4.5. DCS INFOWAY
- 8.4.5.1. Company overview
- 8.4.5.2. Financial performance
- 8.4.5.3. Product benchmarking
- 8.4.5.4. Strategic initiatives
- 8.4.6. Epicor Software Corporation
- 8.4.6.1. Company overview
- 8.4.6.2. Financial performance
- 8.4.6.3. Product benchmarking
- 8.4.6.4. Strategic initiatives
- 8.4.7. GlobeMed Ltd.
- 8.4.7.1. Company overview
- 8.4.7.2. Financial performance
- 8.4.7.3. Product benchmarking
- 8.4.7.4. Strategic initiatives
- 8.4.8. Health Business Systems Inc.
- 8.4.8.1. Company overview
- 8.4.8.2. Financial performance
- 8.4.8.3. Product benchmarking
- 8.4.8.4. Strategic initiatives
- 8.4.9. JVM Co., Ltd.
- 8.4.9.1. Company overview
- 8.4.9.2. Financial performance
- 8.4.9.3. Product benchmarking
- 8.4.9.4. Strategic initiatives
- 8.4.10. LIBERTY SOFTWARE
- 8.4.10.1. Company overview
- 8.4.10.2. Financial performance
- 8.4.10.3. Product benchmarking
- 8.4.10.4. Strategic initiatives
- 8.4.11. Logic ERP Solutions Pvt Ltd.
- 8.4.11.1. Company overview
- 8.4.11.2. Financial performance
- 8.4.11.3. Product benchmarking
- 8.4.11.4. Strategic initiatives
- 8.4.12. McKesson Corporation
- 8.4.12.1. Company overview
- 8.4.12.2. Financial performance
- 8.4.12.3. Product benchmarking
- 8.4.12.4. Strategic initiatives
- 8.4.13. Omnicell Inc.
- 8.4.13.1. Company overview
- 8.4.13.2. Financial performance
- 8.4.13.3. Product benchmarking
- 8.4.13.4. Strategic initiatives
- 8.4.14. Oracle
- 8.4.14.1. Company overview
- 8.4.14.2. Financial performance
- 8.4.14.3. Product benchmarking
- 8.4.14.4. Strategic initiatives
- 8.4.15. Supplylogix LLC
- 8.4.15.1. Company overview
- 8.4.15.2. Financial performance
- 8.4.15.3. Product benchmarking
- 8.4.15.4. Strategic initiatives
- 8.4.16. Swisslog Healthcare
- 8.4.16.1. Company overview
- 8.4.16.2. Financial performance
- 8.4.16.3. Product benchmarking
- 8.4.16.4. Strategic initiatives
- 8.4.17. OSP
- 8.4.17.1. Company overview
- 8.4.17.2. Financial performance
- 8.4.17.3. Product benchmarking
- 8.4.17.4. Strategic initiatives
- 8.4.18. Tecsys
- 8.4.18.1. Company overview
- 8.4.18.2. Financial performance
- 8.4.18.3. Product benchmarking
- 8.4.18.4. Strategic initiatives
- 8.4.19. Cardinal Health
- 8.4.19.1. Company overview
- 8.4.19.2. Financial performance
- 8.4.19.3. Product benchmarking
- 8.4.19.4. Strategic initiatives
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