Market Overview:
The Global Dispensary POS Software Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth factors include the increasing demand for dispensary POS software in hospitals, pharmacies, and other applications, and the rising adoption of cloud-based dispensary POS software. However, the high cost of deployment and maintenance may restrain market growth during the forecast period.
Product Definition:
dispensary POS software is a point-of-sale system that is specifically designed for dispensaries. It helps to manage the transactions and inventory of a dispensary. It can also help track customer information and preferences. Dispensary POS software is important because it helps to automate the sales process, which can save time and money.
Cloud Based:
Cloud-based point of sale software is a type of cloud computing that involves the use of remote servers for data storage and retrieval. Cloud-based POS software offers various advantages such as increased efficiency, reduced cost, and improved customer experience. The major factor responsible for the growth in this market is reduction in ownership costs from licensing fees to subscription charges.
On-premise:
On-premise software is a type of cloud computing system that involves the installation of the software on computers available within an organization. The data and applications are stored remotely on digital servers accessible to authorized users only. On-premise systems offer advantages such as easy customization, high security, and efficient management of inventory & patient information which increases operational efficiency for medical cannabis dispensaries.
Application Insights:
The others application segment includes medical tourism, chronic pain management, oncology and neurology. Medical tourism is expected to be the fastest-growing segment owing to an increase in the number of patients traveling from developed countries to seek treatment at hospitals in developing countries due to lower cost treatments. Chronic pain management is also expected to witness significant growth over the forecast period as a result of growing awareness regarding treatment options other than opioid analgesics for chronic pain. Oncology and neurology are also anticipated to exhibit considerable growth over the forecast period due largelyto increasing research activities pertaining thereto.
In addition, favorable government policies towards marijuana for medicinal purposes are likelyto boost market growth across North America and Europe during the study period. Furthermore, new product launches by companies such as Medbox that cater specificallyto Dispensary Point of Sale solutions for medical marijuana clinics are further anticipated tobuild awareness among end users thereby driving demand overthe forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing adoption of dispensary management systems by dispensaries and rising investment by governments for improving healthcare IT infrastructure in this region. Moreover, high level of technological advancement coupled with presence of key players such as Oracle Corporation; Microsoft; McKesson Corporation; and CVS Health are some other factors contributing toward regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing government initiatives for improving healthcare facilities in emerging countries such as China and India which would subsequently drive demand for POS software solutions within pharmacies, clinics, hospitals & diagnostic centers across these regions. Furthermore, growing medical tourism industry due to availability of advanced health care services at affordable costs will also contribute toward regional growth during the forecast period (2018-2030).
Growth Factors:
- Increasing legalization of cannabis for medical and recreational purposes across the globe is expected to drive the growth of dispensary POS software market.
- Growing demand for automation in dispensaries to manage their operations efficiently is another key factor that would fuel the growth of this market during the forecast period.
- Rising adoption of cloud-based dispensary POS software solutions among dispensaries is another major factor that would contribute to the growth of this market in near future.
- The increasing use of mobile devices for making payments at dispensaries is also anticipated to boost the demand for dispensary POS software solutions over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dispensary POS Software Market Research Report
By Type
Cloud Based, On-premise
By Application
Hospital, Pharmacy, Others
By Companies
BioTrack, MJ Freeway, Greenbits, Cova POS, IndicaOnline, WebJoint, CannaLogic, MMJ Menu, Nature Pay, Bindo POS, THSuite, Shuup, OMMPOS, Flowhub, Meadow, POSaBIT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Dispensary POS Software Market Report Segments:
The global Dispensary POS Software market is segmented on the basis of:
Types
Cloud Based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Pharmacy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BioTrack
- MJ Freeway
- Greenbits
- Cova POS
- IndicaOnline
- WebJoint
- CannaLogic
- MMJ Menu
- Nature Pay
- Bindo POS
- THSuite
- Shuup
- OMMPOS
- Flowhub
- Meadow
- POSaBIT
Highlights of The Dispensary POS Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-premise
- By Application:
- Hospital
- Pharmacy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dispensary POS Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dispensary POS software is a computer application that helps pharmacists and other retail pharmacy professionals manage their business. Dispensary POS software can help pharmacists track inventory, generate sales reports, and more.
Some of the key players operating in the dispensary pos software market are BioTrack, MJ Freeway, Greenbits, Cova POS, IndicaOnline, WebJoint, CannaLogic, MMJ Menu, Nature Pay, Bindo POS, THSuite, Shuup, OMMPOS, Flowhub, Meadow, POSaBIT.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dispensary POS Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dispensary POS Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dispensary POS Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dispensary POS Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dispensary POS Software Market Size & Forecast, 2018-2028
4.5.1 Dispensary POS Software Market Size and Y-o-Y Growth
4.5.2 Dispensary POS Software Market Absolute $ Opportunity
Chapter 5 Global Dispensary POS Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Dispensary POS Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Dispensary POS Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Dispensary POS Software Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Pharmacy
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dispensary POS Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dispensary POS Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Dispensary POS Software Analysis and Forecast
9.1 Introduction
9.2 North America Dispensary POS Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Dispensary POS Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Dispensary POS Software Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Pharmacy
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Dispensary POS Software Analysis and Forecast
10.1 Introduction
10.2 Europe Dispensary POS Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Dispensary POS Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Dispensary POS Software Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Pharmacy
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Dispensary POS Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Dispensary POS Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Dispensary POS Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Dispensary POS Software Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Pharmacy
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Dispensary POS Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Dispensary POS Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Dispensary POS Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Dispensary POS Software Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Pharmacy
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Dispensary POS Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Dispensary POS Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Dispensary POS Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Dispensary POS Software Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Pharmacy
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dispensary POS Software Market: Competitive Dashboard
14.2 Global Dispensary POS Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BioTrack
14.3.2 MJ Freeway
14.3.3 Greenbits
14.3.4 Cova POS
14.3.5 IndicaOnline
14.3.6 WebJoint
14.3.7 CannaLogic
14.3.8 MMJ Menu
14.3.9 Nature Pay
14.3.10 Bindo POS
14.3.11 THSuite
14.3.12 Shuup
14.3.13 OMMPOS
14.3.14 Flowhub
14.3.15 Meadow
14.3.16 POSaBIT
