This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Pharmacy Inventory Management Software Solutions and Cabinets industry.
What is the projected value of the pharmacy inventory management software solutions and cabinets market by 2029?
The pharmacy inventory management software solutions and cabinets market size has grown rapidly in recent years. It will grow from $5.84 billion in 2024 to $6.43 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to implementation of electronic health records (EHR), increased complexity of pharmaceutical supply chains, regulatory compliance requirements, growing number of pharmacies, emphasis on cost efficiency in healthcare.
The pharmacy inventory management software solutions and cabinets market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to demand for real-time data and analytics, increasing focus on patient safety, adoption of cloud-based inventory management solutions, expansion of specialty pharmacies, rise in demand for automation in the healthcare industry. Major trends in the forecast period include RFID technology in inventory tracking, automation and robotics in pharmacy operations, mobile pharmacy management applications, sustainability initiatives in inventory management, collaborative and centralized inventory models.
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How are technological advancements fueling growth in the pharmacy inventory management software solutions and cabinets market?
The rising number of long-term care (LTC) pharmacies are expected to propel the growth of the pharmacy inventory management software solutions and cabinets market going forward. Long-term care pharmacies manage the medication and clinical needs of elderly patients with complex medical conditions. The increasing demand for long-term care has led to an increase in the number of long-term care pharmacies. For instance, in October 2023, according to Milliman, Inc., a US-based insurance company, there will be 1,282 pharmacies designated as long-term care (LTC) pharmacies that offer their services to long-term care facilities. Moreover, Medicaid and Medicare collectively represent more than 60% of total expenditure on long-term care (LTC) services. As a result, the increasing number of long-term care (LTC) pharmacies is driving the pharmacy inventory management software solutions and cabinets market.
Which segment currently leads the pharmacy inventory management software solutions and cabinets market in terms of revenue share?
The pharmacy inventory management software solutions and cabinets market covered in this report is segmented –
1) By Product: Decentralized Dispensing Systems, Centralized Dispensing Systems
2) By End-Use: Independent Pharmacies, Hospital Pharmacies, Long-Term Care Centers
Subsegments:
1) By Decentralized Dispensing Systems: Automated Dispensing Cabinets (ADCs), Point-Of-Care Dispensing Systems, Medication Cart Solutions
2) By Centralized Dispensing Systems: Central Pharmacy Dispensing Systems, Robotic Dispensing Systems, Pharmacy Workflow Management Systems
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Which major trends are influencing the growth of the pharmacy inventory management software solutions and cabinets industry?
Major companies operating in the pharmacy inventory management software solutions and cabinets market are developing advanced products, such as cloud-based platforms, to improve operational efficiency, enhance real-time data visibility, and streamline procurement, inventory, and logistics processes within healthcare organizations. Cloud-based platforms are digital infrastructures that operate on remote servers accessed via the Internet, rather than being hosted on local or on-premise servers. For instance, in March 2024, United Parcel Service (UPS) Inc., a US-based shipping & receiving and supply chain management company launched UPS Supply Chain Symphony for UPS Healthcare including pharmacy operations. UPS Supply Chain Symphony is a cloud-based platform designed to enhance healthcare supply chain management by integrating various logistics components into a single system. This tool allows users to manage and visualize their warehouse and transportation data efficiently, providing insights that can optimize supply chain operations. Users can monitor shipment details from origin to destination, along with on-demand reports that detail UPS shipments, warehouse status, and inventory levels.
Who are the top competitors in the global pharmacy inventory management software solutions and cabinets market?
Major companies operating in the pharmacy inventory management software solutions and cabinets market include ARxIUM, Becton Dickinson and Company, Clanwilliam IRL, DATASCAN-DCS Pharmacy Inc., Epicor Software Corporation, GlobeMed Ltd., Health Business Systems Inc., Logic ERP Solutions Pvt Ltd., Liberty Software Inc., McKesson Corporation, Omnicell Inc., Oracle Corporation, Supplylogix LLC, Talyst LLC, Swisslog Holding AG, Capsa Healthcare, ScriptPro LLC, Accu-Chart Plus Healthcare Systems Inc., Cerner Corporation, GE Healthcare Technolgies Inc., Kirby Lester LLC, Medacist Solutions Group LLC, Parata Systems LLC, AbacusRx Inc., Cardinal Health Inc.
What regional dynamics are shaping the future of the global pharmacy inventory management software solutions and cabinets market?
North America was the largest region in the pharmacy inventory management software solutions and cabinets market in 2024. Asia-Pacific is expected to be the fastest growing region during the forecast period. The regions covered in the pharmacy inventory management software solutions and cabinets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Can Companies Use The Pharmacy Inventory Management Software Solutions and Cabinets Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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