Inpatient Pharmacies held the Largest Share of End User Segment in the US Pharmacy Managent System Market.

According to our new research study on " US Pharmacy Managent System Market Forecasts (2020 - 2030), Country Share, Trends, and Growth Opportunity Analysis - by Component, Deployment, Size of Pharmacies, and End User," the market was valued at US$ 21,017.59 million in 2022 and is expected to reach US$ 53,139.59 million by 2030. It is estimated to register a CAGR of 12.29% during 2022-2030.

The US pharmacy management system market, by end user is segmented into in-patient and outpatient pharmacies. The in-patient pharmacies segment held a larger market share in 2022. It is anticipated to register a higher CAGR of 12.74% during 2022-2030. In-patient pharmacies operate within hospitals and dispense medications to admitted patients receiving treatment. These pharmacists contribute to the management of patient health, besides doctors and nurses. Pharmacy management systems designed for in-patient pharmacies must integrate with the various systems operating throughout a hospital to maintain accurate electronic medical records and electronic health records (EMR and EHR). 

The scope of pharmacies is likely to extend from medicines to implants, digital health tools, at-home testing kits, and nutraceuticals in the coming years. The pharmacies will not be limited to transactional care but will involve in developing patient relationships and taking the roles of advance patient care by 2030. Chemists are also likely to manage vaccination and early screening services on a larger scale, playing a more significant role in the preventive care journey of consumers. According to data retrieved from the CDC, retail pharmacies in the US administered almost 297 million doses of COVID-19 vaccine as of December 2022. Regulatory authorities in the US support this transformation with guidance and proposed legislation to reinforce a valued, supported, integrated, and connected pharmacy workforce that can help transform patient care. Many retail pharmacy companies across the US are refocusing their service offerings to healthcare delivery and patient counseling. For instance, Walgreens, CVS, and Walmart are extending their reach into primary care and converting their retail sites into health hubs in the US. Thus, transforming retail pharmacy into advanced patient care would require a proper management system, which is likely to propel the US pharmacy management system market growth during the forecast period.

McKesson Corp., Becton Dickinson and Co., Allscripts Healthcare LLC., Epicor Software Corp, Swisslog Healthcare AG, Omnicell IncInc., CPS Solutions LLC, RedSail Technologies LLC, Micro Merchant Systems Inc, and Oracle Corp are a few prominent players operating in the procedure trays market. 

Companies are launching new and innovative products and services to sustain their position in the pharmacy management system market. 

-     In May 2023, RedSail Technologies partnered with InfiniTrak, a leading provider of track and trace compliance solutions, to deliver a fully integrated Drug Supply Chain Security Act (DSCSA) solution to the esteemed RedSail network of pharmacies.

-     In July 2022, BD acquired MedKeeper, a modern, cloud-based pharmacy management application provider. MedKeeper strategically complements BD's existing presence in the pharmacy. By combining MedKeeper's platform with BD's broad technology expertise, the companies will enhance the preparation of compounded medications.

-     In August 2021, PioneerRx Pharmacy Software installed its 5,000th active pharmacy location Ely Drugs in Bowling Green, KY. From 13 years the software company has been supporting independent pharmacies, providing them with the tools to improve their quality of patient care and be financially successful.

The report segments the procedure trays market as follows:

The procedure trays market, based on component, the market is bifurcated into solutions and services. The solutions segment is subsegmented into EMR/HER, inventory management, purchase order management, supply chain management, regulatory and compliance information, and clinical pharmacy management. In terms of deployment, the US pharmacy management system market is segmented into cloud-based and on-premise. The US pharmacy management system market, by size of pharmacies, is bifurcated into small- and medium-sized and large pharmacies. Based on end user, the market is segmented into in-patient pharmacies and outpatient pharmacies. 

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