Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Pharmacy Management Software Market to reach USD xx billion by the end of 2030.

Global Pharmacy Management Software Market Size study & Forecast, by Component (Solutions, Services), by Deployment (Cloud-based, On-premise), by Organization (Independent Pharmacies, Chained Pharmacies), and Regional Analysis, 2023-2030.

Product Code: HLSHIT-39169310
Publish Date: 19-06-2023
Page: 200

Global Pharmacy Management Software Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a growth rate of more than xx% over the forecast period 2023-2030. Pharmacy management software is a computer-based system used by pharmacists and pharmacy technicians to handle all facets of a pharmacy, including prescription filling, inventory management, financial reporting, and patient information. It is intended to aid pharmacies in streamlining their operations, increasing accuracy, and delivering better customer service. Additionally, it can aid pharmacies in finding any possible drug interactions as well as other security issues. The Pharmacy Management Software market is expanding because of factors such as increase in the number of hospitals and increased use of electronic medical records. Its importance has progressively increased during the last few decades.

According to the Statista, The global hospital market is expected to increase by 3.57% between 2023 and 2027, reaching a market size of US$4.70 trillion in that year. Another important component driving is increasing use of electronic medical records According to the Electronic health records (EHR) market value worldwide from 2020 to 2027. The global market for electronic health records (EHR) was estimated to be worth around 29 billion dollars in 2020. The global market for EHRs was expected to grow to more than 47 billion US dollars by 2027. In addition, increasing investment in research and development of drugs and technological advancement in dispensing systems are expected to provide lucrative opportunities to the pharma management software market growth in the forecast period. However, rising number of software breach cases and high installation cost stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Pharmacy Management Software Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing adoption of pharmacy management systems by pharmacies and hospitals. According to the National Community of Pharmacists Association, Furthermore, the increased use of electronic medical records increasingly allowed the pharmacies to integrate pharmacy management systems. Asia-Pacific is expected to be the fastest-growing market in the pharmaceutical industry. owing to factors such as technological advancement in pharmaceutical industry and growing healthcare infrastructure.
Major market player included in this report are:

Tata Consultancy Services Limited
Cognizant Technology Solutions Corporation
Capgemini Technology Services India Limited
Microsoft Corporation
Oracle Corporation
Tech Mahindra Ltd
Apple Inc.
Wipro Limited
Infosys Limited
International Business Machines Corporation

Recent Developments in the Market:
• In June 2022 – GE Healthcare provides cutting-edge molecular imaging solutions that enable and increase access to precision health and theranostics to help improve patient outcomes across care areas, including prostate cancer. Where most medical therapies are designed with the average patient in mind, theranostics combines diagnoses and treatment in one application, providing a more targeted and personalized therapy than ever before.

• In January 2023, Walgreens collaborated with Tata Consultancy Services (TCS) and Microsoft to create a data platform that captures relevant data points at scale and transforms them into actionable insights in order to future-proof its infrastructure with a cloud-first approach and advanced AI capabilities.

Global Pharmacy Management Software Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Deployment, Type, Organization, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

By Deployment:

By Organisation:
Independent Pharmacies
Chained Pharmacies

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Pharmacy Management Software Market, by region, 2020-2030 (USD Billion)
1.2.2. Pharmacy Management Software Market, by Component , 2020-2030 (USD Billion)
1.2.3. Pharmacy Management Software Market, by Deployment , 2020-2030 (USD Billion)
1.2.4. Pharmacy Management Software Market, by Organisation , 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Pharmacy Management Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Pharmacy Management Software Market Dynamics
3.1. Pharmacy Management Software Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increase in the number of hospitals Increased use of electronic medical records
3.1.2. Market Challenges Rising number of software breach cases High installation cost
3.1.3. Market Opportunities Increasing investment towards research and development of drug components Technological advancements in dispensing systems
Chapter 4. Global Pharmacy Management Software Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Pharmacy Management Software Market, by Component
5.1. Market Snapshot
5.2. Global Pharmacy Management Software Market by Component , Performance – Potential Analysis
5.3. Global Pharmacy Management Software Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Pharmacy Management Software Market, Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Pharmacy Management Software Market, by Deployment
6.1. Market Snapshot
6.2. Global Pharmacy Management Software Market by Deployment , Performance – Potential Analysis
6.3. Global Pharmacy Management Software Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
6.4. Pharmacy Management Software Market, Sub Segment Analysis
6.4.1. Cloud-based
6.4.2. On-premise
Chapter 7. Global Pharmacy Management Software Market, by Organisation
7.1. Market Snapshot
7.2. Global Pharmacy Management Software Market by Organisation , Performance – Potential Analysis
7.3. Global Pharmacy Management Software Market Estimates & Forecasts by Organisation 2020-2030 (USD Billion)
7.4. Pharmacy Management Software Market, Sub Segment Analysis
7.4.1. Independent Pharmacies
7.4.2. Chained Pharmacies
Chapter 8. Global Pharmacy Management Software Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Pharmacy Management Software Market, Regional Market Snapshot
8.4. North America Pharmacy Management Software Market
8.4.1. U.S. Pharmacy Management Software Market Component breakdown estimates & forecasts, 2020-2030 Deployment breakdown estimates & forecasts, 2020-2030 Organisation breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Pharmacy Management Software Market
8.5. Europe Pharmacy Management Software Market Snapshot
8.5.1. U.K. Pharmacy Management Software Market
8.5.2. Germany Pharmacy Management Software Market
8.5.3. France Pharmacy Management Software Market
8.5.4. Spain Pharmacy Management Software Market
8.5.5. Italy Pharmacy Management Software Market
8.5.6. Rest of Europe Pharmacy Management Software Market
8.6. Asia-Pacific Pharmacy Management Software Market Snapshot
8.6.1. China Pharmacy Management Software Market
8.6.2. India Pharmacy Management Software Market
8.6.3. Japan Pharmacy Management Software Market
8.6.4. Australia Pharmacy Management Software Market
8.6.5. South Korea Pharmacy Management Software Market
8.6.6. Rest of Asia Pacific Pharmacy Management Software Market
8.7. Latin America Pharmacy Management Software Market Snapshot
8.7.1. Brazil Pharmacy Management Software Market
8.7.2. Mexico Pharmacy Management Software Market
8.8. Middle East & Africa Pharmacy Management Software Market
8.8.1. Saudi Arabia Pharmacy Management Software Market
8.8.2. South Africa Pharmacy Management Software Market
8.8.3. Rest of Middle East & Africa Pharmacy Management Software Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Tata Consultancy Services Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Cognizant Technology Solutions Corporation
9.3.3. Capgemini Technology Services India Limited
9.3.4. Microsoft Corporation
9.3.5. Oracle Corporation
9.3.6. Tech Mahindra Ltd
9.3.7. Apple Inc.
9.3.8. Wipro Limited
9.3.9. Infosys Limited
9.3.10. International Business Machines Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now