Market Overview:
The global pharmacy POS software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and web-based pharmacy POS software solutions by hospitals and health systems across the globe. North America is expected to lead the global pharmacy POS software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Pharmacy POS software is used to manage and track transactions in a pharmacy. It can be used to manage inventory, track prescriptions, and more. Pharmacy POS software is important because it helps pharmacies keep track of their transactions and inventory. This allows them to run their business more efficiently and effectively.
Cloud-based:
Cloud-based software is a type of software that runs on the internet. It is an operating system independent software solution and can be used on different devices such as computers, tablets, smartphones or even smart appliances like kiosks. Cloud based solutions are gaining popularity in pharmacy point of sale (POS) systems market owing to its several advantages such as flexibility & scalability and low cost compared to traditional solutions.
Web-based:
The global web-based and its usage in the pharmacy POS software market size was valued at USD 1.0 billion in 2015. The increasing adoption of cloud-based solutions by pharmacies to streamline their business processes is expected to drive growth over the forecast period.
Pharmacies are increasingly adopting these solutions as they enable pharmacists to access patient records from a remote location.
Application Insights:
The hospitals segment dominated the global pharmacy POS software market in 2017. This can be attributed to factors such as high usage rate and presence of a large number of hospitals across the globe. Furthermore, governments are making investments in building healthcare facilities, which will increase demand for point-of-sale systems at these facilities. For instance, according to a WHO study published in February 2018, it was found that about 54% of countries with more than 50 beds have implemented some form of electronic health record system at hospital level which is expected to drive industry growth over the forecast period.
Health systems are also using mobile payment options due to increasing costs associated with acquiring goods and services through cash payments or checks. Moreover, many health systems are shifting from traditional methods of payment such as cash payments or check deposits toward mobile solutions (such as credit card readers) due to increased convenience and security for both patients and providers alike.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to various factors such as increasing adoption of technology, presence of a large number of players and high demand for advanced healthcare solutions. Moreover, the U.S.-based companies are investing heavily in research & development activities to introduce innovative software solutions that would enhance their customer support services and drive positive outcomes for patients.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising penetration of retail pharmacies coupled with growing awareness about POS software among customers due to aggressive marketing strategies adopted by regional players. Furthermore, government initiatives encouraging retail pharmacies owned by individuals rather than big chains are also expected favorably impact market growth over the next eight years (2018-2030).
Growth Factors:
- Increasing demand for pharmacy POS software from small and medium-sized pharmacies
- Rising adoption of cloud-based pharmacy POS software
- Proliferation of mobile devices and apps among pharmacies
- Emergence of new players in the pharmacy POS software market
- Growing demand for integrated pharmacy management solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmacy POS Software Market Research Report
By Type
Cloud-based, Web-based
By Application
Hospitals, Health Systems
By Companies
CashierLive, VIP Pharmacy Management System, Nuchange, BZQ, SpineTrader, PrimePOS, BestPOS, Advanced Rx POS, DigitalPOS, Abacus POS System, Emporos POS
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Pharmacy POS Software Market Report Segments:
The global Pharmacy POS Software market is segmented on the basis of:
Types
Cloud-based, Web-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
Hospitals, Health Systems
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:
- CashierLive
- VIP Pharmacy Management System
- Nuchange
- BZQ
- SpineTrader
- PrimePOS
- BestPOS
- Advanced Rx POS
- DigitalPOS
- Abacus POS System
- Emporos POS
Highlights of The Pharmacy 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
- Web-based
- By Application:
- Hospitals
- Health Systems
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 POS software is a computer application that helps pharmacists manage their business. It includes features such as inventory management, billing, and customer service. Pharmacists can use it to track sales data, plan inventory levels, and keep track of expenses.
Some of the major players in the pharmacy pos software market are CashierLive, VIP Pharmacy Management System, Nuchange, BZQ, SpineTrader, PrimePOS, BestPOS, Advanced Rx POS, DigitalPOS, Abacus POS System, Emporos POS.
The pharmacy pos software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmacy 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 Pharmacy POS Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmacy 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 Pharmacy 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 Pharmacy POS Software Market Size & Forecast, 2018-2028
4.5.1 Pharmacy POS Software Market Size and Y-o-Y Growth
4.5.2 Pharmacy POS Software Market Absolute $ Opportunity
Chapter 5 Global Pharmacy 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 Pharmacy POS Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 Web-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pharmacy 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 Pharmacy POS Software Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Health Systems
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmacy 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 Pharmacy 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 Pharmacy POS Software Analysis and Forecast
9.1 Introduction
9.2 North America Pharmacy 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 Pharmacy POS Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 Web-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 Pharmacy POS Software Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Health Systems
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 Pharmacy POS Software Analysis and Forecast
10.1 Introduction
10.2 Europe Pharmacy 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 Pharmacy POS Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 Web-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 Pharmacy POS Software Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Health Systems
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 Pharmacy POS Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pharmacy 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 Pharmacy POS Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 Web-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 Pharmacy POS Software Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Health Systems
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 Pharmacy POS Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Pharmacy 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 Pharmacy POS Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 Web-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 Pharmacy POS Software Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Health Systems
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) Pharmacy POS Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pharmacy 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) Pharmacy POS Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 Web-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) Pharmacy POS Software Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Health Systems
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 POS Software Market: Competitive Dashboard
14.2 Global Pharmacy POS Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CashierLive
14.3.2 VIP Pharmacy Management System
14.3.3 Nuchange
14.3.4 BZQ
14.3.5 SpineTrader
14.3.6 PrimePOS
14.3.7 BestPOS
14.3.8 Advanced Rx POS
14.3.9 DigitalPOS
14.3.10 Abacus POS System
14.3.11 Emporos POS
