Global Pharmacy Management System Market 2017-2021

Overview of the global pharmacy management system market

Market research analysts at Technavio predict that the global pharmacy management system market will grow steadily during the forecast period and post a CAGR of around 11% by 2021. This market research analysis identifies the rising need to automate the process as one of the primary growth factors for this market. Pharmacies need to streamline their workflow to provide better and efficient care to their customers and adopt management systems that are user friendly and allow easy integrating with ERP. Consequently, the pharmacy management system providers aid the pharmacies with an efficient and automated process that will enable users to customize and streamline their workflow with a range of functions and features that will improve efficiency, safety, and profitability and enable pharmacies to gain a competitive advantage in the pharmacy management system market trends and provide better care.

The market research report identifies the introduction of new features in the pharmacy management systems as one of the primary trends behind the growth of this market. Vendors are strictly competing by innovating their products with new features such as touchscreen system, productivity tools, and many more to increase efficiency, allow easy navigation, and be more user friendly which simplifies searches and processes information faster. The productivity tools include eligibility checking, price updates, prior authorization, prescription monitoring program reporting, clinical updates with drug images and prescriber updates, imprints, and remote backup. This introduction of new features will induce more pharmacies to purchase pharmacy management systems, fueling market growth.

Competitive landscape and key vendors