April 1, 2020

Examining The Role Of New Technology In Pharmacy: Now And In The Future

Over the past 40 years, information technology has had a major impact on the working lives of millions of people. Many industries have embraced computer technology because of the benefits of automated information processing. These include enabling routine, repetitive and monotonous tasks to be conducted with consistent accuracy; standardisation and consistent use of terminology and nomenclature; and mass customisation (the capacity of information technology to provide services to a large population, yet in a way that can be customised to the individual).

For prescribers and pharmacists, IT can enable the storage of structured patient records, facilitate the electronic prescribing, dispensing and administration of medicines, automate the handling of medicines in the supply chain and provide tools for monitoring the efficacy and safety of medicines in use. IT can therefore improve patient safety, enable professionals to provide high quality care and help patients make the most of their medicines.

Pharmacy Management System market was valued at US$ 16,056.04 million in 2019 and is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach US$ 39,223.60 million by 2027.

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Pharmacy Management System Insights

Improvement in digital pharmacy in the Asia Pacific

In the Asia Pacific, development has been made significantly to offer better healthcare services. The government supports the developments through various strategies, initiatives, and programs that assist pharmacists and other healthcare professionals in enhancing their businesses. For instance, in Australia, digital health policy has been planned under the program, the Australian Digital Health Agency Medicine Safety Program. The program is a part of the National Digital Health Strategy. Under this program, several actions have been planned for the years 2019 to 2022. Thus, improvement in technology is likely to enhance the growth of the market in the coming years. Furthermore, the development in the healthcare industry has led to increasing pharmacy business across the country. The growth in the pharmacy business is seen due to several factors such as rising demand for the medicine to treat various chronic illnesses, growing demand for healthcare products, and a rising geriatric population that demands more of medicine for the age-related illness.

Pharmacy management system Divided By Component

  • Solutions
    • Inventory Management
    • Purchase Orders Management
    • Supply Chain Management
    • Regulatory and Compliance Information
    • Clinical and Administrative Performance
    • Other Solutions
  • Services

Pharmacy management system By Deployment

  • Cloud-based
  • On-premise

Pharmacy management system Industry By Size

  • Small- and Medium-sized Pharmacies
  • Large Pharmacy

Pharmacy management system Top Companies

McKesson Corporation, Cerner Corporation, BD, General Electric Company, Allscripts Healthcare, Epicor Software Corporation, Talyst LLC (Swisslog Healthcare), OMNICELL INC, ACG Infotech Ltd, Clanwilliam Health

To Know More Insights Component Insights, Deployment Insights, Industry Size Insights, Strategic Insights

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Reference

  • theinsightpartners.com