The Asia Pacific Pharmacy Inventory Management Software Solutions And Cabinets Market is expected to witness market growth of 8.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $781 Million by 2031. The Japan market is registering a CAGR of 7.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 9.1% during 2024-2031.
Pharmacies are under pressure to manage larger inventory volumes while ensuring the timely availability of essential medications. Traditional manual inventory tracking methods are no longer sufficient to meet this growing demand, as they are prone to errors, inefficiencies, and delays.
Additionally, automated inventory management systems give pharmacies real-time visibility into their stock, ensuring they can keep up with demand while minimizing the risk of stockouts or overstocking. This is particularly important for managing high-value or controlled substances, where strict compliance with inventory requirements is essential.
China is also experiencing a rapidly aging population, with the National Bureau of Statistics of China reporting that the proportion of individuals aged 60 or older reached 18.7% of the total population in 2021, which is 5.44 percentage points higher than the previous census in 2010. This demographic change has contributed to a rise in chronic diseases and increased demand for intensive healthcare services. Chinese pharmacies are increasingly adopting advanced inventory management software solutions to manage the growing needs of elderly patients and ensure consistent availability of essential medications.
The China market dominated the Asia Pacific 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 $781 Million by 2031. The Japan market is registering a CAGR of 7.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 9.1% during 2024-2031.
Pharmacies are under pressure to manage larger inventory volumes while ensuring the timely availability of essential medications. Traditional manual inventory tracking methods are no longer sufficient to meet this growing demand, as they are prone to errors, inefficiencies, and delays.
Additionally, automated inventory management systems give pharmacies real-time visibility into their stock, ensuring they can keep up with demand while minimizing the risk of stockouts or overstocking. This is particularly important for managing high-value or controlled substances, where strict compliance with inventory requirements is essential.
China is also experiencing a rapidly aging population, with the National Bureau of Statistics of China reporting that the proportion of individuals aged 60 or older reached 18.7% of the total population in 2021, which is 5.44 percentage points higher than the previous census in 2010. This demographic change has contributed to a rise in chronic diseases and increased demand for intensive healthcare services. Chinese pharmacies are increasingly adopting advanced inventory management software solutions to manage the growing needs of elderly patients and ensure consistent availability of essential medications.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Pharmacy Inventory Management Software Solutions And Cabinets Market by Type
Chapter 6. Asia Pacific Pharmacy Inventory Management Software Solutions And Cabinets Market by End Use
Chapter 7. Asia Pacific Pharmacy Inventory Management Software Solutions And Cabinets Market by Mode of Operations
Chapter 8. Asia Pacific Pharmacy Inventory Management Software Solutions And Cabinets Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia Pacific 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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