The Latin America, Middle East and Africa Pharmacy Inventory Management Software Solutions And Cabinets Market is expected to witness market growth of 9.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Pharmacy Inventory Management Software Solutions And Cabinets Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $193.5 Million by 2031. The Argentina market is showcasing a CAGR of 10.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 8.4% during 2024-2031.
Expired drugs pose significant challenges for pharmacies, leading to financial losses and regulatory penalties. Managing medication expiry requires accurate tracking and timely actions to avoid wastage and non-compliance with stringent regulations.
Moreover, Pharmacy inventory management software plays a crucial role by monitoring expiration dates in real-time and providing alerts, allowing pharmacists to prioritize the sale of soon-to-expire medications. This reduces wastage, ensures better inventory utilization, and helps avoid the costs of disposing of expired drugs.
Governments across the region are making substantial investments in digital health technologies and healthcare infrastructure, driving greater demand for advanced pharmacy inventory management software solutions and cabinets. In Saudi Arabia, the increasing adoption of these systems is largely influenced by significant healthcare expenditure and comprehensive government initiatives aimed at modernizing the healthcare sector.
The Brazil market dominated the LAMEA Pharmacy Inventory Management Software Solutions And Cabinets Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $193.5 Million by 2031. The Argentina market is showcasing a CAGR of 10.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 8.4% during 2024-2031.
Expired drugs pose significant challenges for pharmacies, leading to financial losses and regulatory penalties. Managing medication expiry requires accurate tracking and timely actions to avoid wastage and non-compliance with stringent regulations.
Moreover, Pharmacy inventory management software plays a crucial role by monitoring expiration dates in real-time and providing alerts, allowing pharmacists to prioritize the sale of soon-to-expire medications. This reduces wastage, ensures better inventory utilization, and helps avoid the costs of disposing of expired drugs.
Governments across the region are making substantial investments in digital health technologies and healthcare infrastructure, driving greater demand for advanced pharmacy inventory management software solutions and cabinets. In Saudi Arabia, the increasing adoption of these systems is largely influenced by significant healthcare expenditure and comprehensive government initiatives aimed at modernizing the healthcare sector.
List of Key Companies Profiled
- ARxIUM, Inc.
- Epicor Software Corporation
- Omnicell, Inc.
- McKesson Corporation
- Becton, Dickinson and Company
- Cardinal Health, Inc.
- Oracle Corporation (Cerner Corporation)
- Capsa Healthcare LLC
- Accu-Chart Plus Healthcare Systems, Inc.
- ScriptPro, LLC
Market Report Segmentation
By Type- Cabinets/Systems
- Software Solutions
- Independent Pharmacies
- LTC
- Hospital Pharmacies
- Decentralized
- Centralized
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Pharmacy Inventory Management Software Solutions And Cabinets Market by Type
Chapter 6. LAMEA Pharmacy Inventory Management Software Solutions And Cabinets Market by End Use
Chapter 7. LAMEA Pharmacy Inventory Management Software Solutions And Cabinets Market by Mode of Operations
Chapter 8. LAMEA Pharmacy Inventory Management Software Solutions And Cabinets Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Pharmacy Inventory Management Software Solutions and Cabinets Market include:- ARxIUM, Inc.
- Epicor Software Corporation
- Omnicell, Inc.
- McKesson Corporation
- Becton, Dickinson and Company
- Cardinal Health, Inc.
- Oracle Corporation (Cerner Corporation)
- Capsa Healthcare LLC
- Accu-Chart Plus Healthcare Systems, Inc.
- ScriptPro, LLC
Methodology
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