Market Overview:
The global pharmacy information systems market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation and integration of pharmacy information systems with other hospital information systems. In addition, the growing need for secure and efficient data management is also contributing to the growth of this market. Based on type, the global pharmacy information systems market can be segmented into web-based, on-premises, and cloud-based systems. The web-based system segment is expected to account for the largest share of the global pharmacy information systems market in 2018. This segment is projected to grow at a CAGR of 8% from 2018 to 2030 due to its low cost and easy implementation compared with other types of pharmacy information systems. Based on application, the global pharmacy information Systems Market can be divided into physician offices, hospitals & pharmacies, paramedic services segments respectively .The hospitals & pharmacies application segment accounted for majority share in 2017 owing rising number outpatient visits globally which directly impacts hospital Pharmacy Department revenue positively .
Product Definition:
A Pharmacy Information System (PIS) is a computerized system used by pharmacies to manage and organize their prescription drug orders, patient information, and finances. A PIS can help pharmacies improve their workflow processes, as well as increase efficiency and accuracy when it comes to filling prescriptions. Additionally, a PIS can also help pharmacists keep track of important patient data such as allergies and current medications.
Web based:
Pharmacy Information System (PIS) is a web-based application software that helps in maintaining the inventory of pharmaceutical products. It also provides information related to product sales and other useful data for pharma companies. The system has been gaining popularity due to its cost effectiveness, ease of use, and flexibility.
The global pharmacy information systems market was valued at USD 1,849 million in 2015.
On-premises:
On-premises is a term used for software and hardware installed at the end user location. In case of pharmacy information systems, on-premise solutions include computer programs and related data that are installed at the pharmacies or drug stores. The on-premises software can be easily customized to meet specific requirements of different clients; this is one of its major advantages over cloud based solutions.
Application Insights:
The market is segmented into physician offices, hospital and pharmacy, and paramedic services based on application. The hospital and pharmacy segment dominated the market in 2017 owing to the increasing need for effective information flow between departments within a hospital as well as between hospitals. Furthermore, an increase in healthcare expenditure globally has led to an increased focus on reducing medication errors by automating processes such as data entry & communication with other departments within a hospital. This has further driven demand for IFSs in this sector over the past few years.
The paramedic services segment is expected to grow at a significant rate during the forecast period due to rising demand for automated information systems that can help reduce human error while processing critical patient data during emergency situations or medical calls of patients suffering from cardiac arrest or stroke etcetera across regions especially in developed countries like U.S.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of players, high adoption rate, and rapid technological advancements. Moreover, increasing demand for value-based healthcare services is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising patient awareness levels regarding their medication compliance along with growing access and quality issues pertaining hospital & pharmacy IT infrastructure support services in this region are also expected drive regional demand over next six years.
Growth Factors:
- Increasing demand for better patient care and services
- Rising incidence of chronic diseases and other health conditions
- Proliferation of private pharmacies and retail clinics
- Growing use of information technology in the healthcare industry
- Emergence of cloud-based pharmacy information systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmacy Information Systems Market Research Report
By Type
Web based, On-premises, Cloud based
By Application
Physician offices, Hospital & pharmacy, Paramedic services
By Companies
Athenahealth, Cerner, BestRx, Clinical Works, Epic Systems, eClinicalWorks, Allscripts Healthcare Solutions, ScriptPro, McKesson, Swisslog, Parata Systems, Carestream Health
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Pharmacy Information Systems Market Report Segments:
The global Pharmacy Information Systems market is segmented on the basis of:
Types
Web based, On-premises, Cloud based
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
Physician offices, Hospital & pharmacy, Paramedic services
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:
- Athenahealth
- Cerner
- BestRx
- Clinical Works
- Epic Systems
- eClinicalWorks
- Allscripts Healthcare Solutions
- ScriptPro
- McKesson
- Swisslog
- Parata Systems
- Carestream Health
Highlights of The Pharmacy Information Systems 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:
- Web based
- On-premises
- Cloud based
- By Application:
- Physician offices
- Hospital & pharmacy
- Paramedic services
- 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 Pharmacy Information Systems 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:
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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?
Pharmacy Information Systems (PIS) is a field of study that focuses on the design, implementation, and management of information systems for pharmacies. PIS professionals work with pharmacy managers to create and maintain databases that track patient information, medication inventory, financial data, and other important business operations. They also help pharmacies comply with government regulations and stay competitive in the marketplace.
Some of the major players in the pharmacy information systems market are Athenahealth, Cerner, BestRx, Clinical Works, Epic Systems, eClinicalWorks, Allscripts Healthcare Solutions, ScriptPro, McKesson, Swisslog, Parata Systems, Carestream Health.
The pharmacy information systems market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmacy Information Systems 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 Pharmacy Information Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmacy Information Systems 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 Pharmacy Information Systems 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 Pharmacy Information Systems Market Size & Forecast, 2020-2028
4.5.1 Pharmacy Information Systems Market Size and Y-o-Y Growth
4.5.2 Pharmacy Information Systems Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Web based
5.2.2 On-premises
5.2.3 Cloud based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Physician offices
6.2.2 Hospital & pharmacy
6.2.3 Paramedic services
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmacy Information Systems 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 Pharmacy Information Systems 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Web based
9.6.2 On-premises
9.6.3 Cloud based
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 Market Size Forecast by Applications
9.10.1 Physician offices
9.10.2 Hospital & pharmacy
9.10.3 Paramedic services
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Web based
10.6.2 On-premises
10.6.3 Cloud based
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 Market Size Forecast by Applications
10.10.1 Physician offices
10.10.2 Hospital & pharmacy
10.10.3 Paramedic services
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Web based
11.6.2 On-premises
11.6.3 Cloud based
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 Market Size Forecast by Applications
11.10.1 Physician offices
11.10.2 Hospital & pharmacy
11.10.3 Paramedic services
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Web based
12.6.2 On-premises
12.6.3 Cloud based
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 Market Size Forecast by Applications
12.10.1 Physician offices
12.10.2 Hospital & pharmacy
12.10.3 Paramedic services
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Web based
13.6.2 On-premises
13.6.3 Cloud based
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) Market Size Forecast by Applications
13.10.1 Physician offices
13.10.2 Hospital & pharmacy
13.10.3 Paramedic services
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 Pharmacy Information Systems Market: Competitive Dashboard
14.2 Global Pharmacy Information Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Athenahealth
14.3.2 Cerner
14.3.3 BestRx
14.3.4 Clinical Works
14.3.5 Epic Systems
14.3.6 eClinicalWorks
14.3.7 Allscripts Healthcare Solutions
14.3.8 ScriptPro
14.3.9 McKesson
14.3.10 Swisslog
14.3.11 Parata Systems
14.3.12 Carestream Health
