11.9% Global CAGR for Pharmacy Management System Market to achieve US$ 39,223.60 Mn by 2027

McKesson Corporation and OMNICELL INC. Notable Market Participants of Pharmacy Management System Market

The pharmacy management system market is highly competitive, with a considerable number of players operating in the market. Most of the companies operating in the pharmacy management system market are present across the globe and have wide distribution and sales networks through partnerships or authorized dealers.

The most notable market participants in the pharmacy management system market include McKesson Corporation, Cerner Corporation, Allscripts Healthcare, LLC, and OMNICELL INC. among others. These players hold a considerable share in the pharmacy management systems market owing to their product offerings.

The companies operating in the market have undertaken various growth strategies to strengthen their position in the market. Some of the commonly witnessed developments in the market were mainly inorganic, such as acquisitions and partnership. An acquisition helps to increase the market share of a company quickly and also reduces the barriers a company might face while venturing into a new market. Various players in the market have preferred to acquire other players as it is less expensive, less risky, and faster compared to other organic growth methods such as sales and marketing efforts. Some of the inorganic developments witnessed in the pharmacy management systems market during previous years include:

Year

News

Region

2018

Mercyhealth, which is a five hospital and 15 facility system has adopted company’s XR2 Automated Central Pharmacy System to increase efficiency and streamline patient safety.

North America

2017

Omnicell acquired InPharmics, a provider of advanced pharmacy informatics solutions to hospital pharmacies. This acquisition added clinical and compliance analytics to company’s product portfolio.

North America

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