Europe Pharmacy POS Software Market Size By Type (Cloud-Based and Web-Based), By Application (Hospitals and Health Systems), By Geographic Scope And Forecast
Report ID: 142267|No. of Pages: 202
Europe Pharmacy POS Software Market Size And Forecast
Europe Pharmacy POS Software Market size was valued at USD 327.42 Million in 2020 and is projected to reach USD 631.41 Million by 2028, growing at a CAGR of 9.84% from 2021 to 2028.
The European market is expected to grow in the forecast period as the End Users of pharmacy automation are increasing across European countries amidst technological advancement. The Europe Pharmacy POS Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Europe Pharmacy POS Software Market Definition
Pharmacy POS systems assist pharmacies and pharmacists in accepting payments, tracking available inventory, managing customers, and confirming or approving purchase orders digitally and electronically. These solutions are mostly employed by retail, clinical, and independent pharmacies. With a pharmacy-specific point of sale solution, pharmacies can better manage sales transactions, ensure both PCI and health care regulation compliance, generate insights on store performance, leverage payment processing technology, and gain customer loyalty. Furthermore, some pharmacies can use just a POS system to manage their entire businesses if the system provides front or back-of-store management functionality.
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Europe Pharmacy POS Software Market Overview
Pharmacy automation employs both robotics and software to automate traditional pharmacies. Pharmacy automation systems are typically used from point-of-order entry to the delivery of the medication, addressing the process more accurately. By automating the entire medication delivery process, pharmacies can meet the demands of patients and customers with higher efficiency. Pharmacy automation decreases the possibility of human error as well as improves customer service. The European market is expected to grow in the forecast period as the End Users of pharmacy automation are increasing across European countries amidst technological advancement. However, in many EU countries, strict regulatory restrictions lessen pharmacy competition. These restrict the pharmacy industry from consolidating and becoming more efficient.
Europe Pharmacy POS Software Market: Segmentation Analysis
The Europe Pharmacy POS Software Market is segmented on the basis of Type, Application, and Geography.
Europe Pharmacy POS Software Market, by Type
• Cloud-Based
• Web-Based
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Based on Type, the market is bifurcated into Cloud-Based and Web-Based. Web-Based accounted for the largest market share in 2021. Web-based pharmacy POS need not install a separate software on the computer but direct access to the software tools through web browsers.
Europe Pharmacy POS Software Market, by Application
• Hospitals
• Health Systems
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On the basis of Application, the Europe Pharmacy POS Software Market has been segmented into Hospitals and Health Systems. Hospitals accounted for the largest market share in 2021. The adoption of the IT model to integrate pharmacy utilizing the EHR system in the hospitals is estimated to grow further with the rising use of even other ERP Management Software for other departments.
Europe Pharmacy POS Software Market, by Geography
• Germany
• France
• UK
• Belgium
• Italy
• Rest of Europe
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On the basis of regional analysis, the Europe Pharmacy POS Software Market is classified into Germany, France, UK, Belgium, Italy, and Rest of Europe. Germany is expected to hold the largest market share of the Pharmacy POS Software over the forecast period followed by the UK. The demand for Pharmacy POS software is driven by the evolving status of pharmacies in the European healthcare system, governing the need for the adoption of newer technology to increase efficiency without compromising the regulatory and patient status.
Key Players
The “Europe Pharmacy POS Software Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Intuit Inc., LS Retail, Openbravo S.L.U., VIP Computer Systems, Inc., Nuchange, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
Company Name |
Key Development |
Description |
---|---|---|
Openbravo S.L.U. | Product Launch | • The company launched cloud-based omnichannel platform for the retail order management systems. The solution offers a single and comprehensive view of all inventory, hence letting retailers enhance their fulfillment process by choosing the best shipping locations. |
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2028 |
BASE YEAR | 2020 |
FORECAST PERIOD | 2021-2028 |
HISTORICAL PERIOD | 2017-2019 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Intuit Inc., LS Retail, Openbravo S.L.U., VIP Computer Systems, Inc., Nuchange, and Others. |
SEGMENTS COVERED | By Type, By Application, and By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
• 6-month post-sales analyst support.
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1.1 MARKET DEFINITION 1.2 MARKET SEGMENTATION 1.3 RESEARCH TIMELINES 1.4 ASSUMPTIONS 1.5 LIMITATIONS
2 RESEARCH METHODOLOGY2.1 DATA MINING 2.2 SECONDARY RESEARCH 2.3 PRIMARY RESEARCH 2.4 SUBJECT MATTER EXPERT ADVICE 2.5 QUALITY CHECK 2.6 FINAL REVIEW 2.7 DATA TRIANGULATION 2.8 BOTTOM-UP APPROACH 2.9 TOP DOWN APPROACH 2.10 RESEARCH FLOW 2.11 DATA SOURCES
3 EXECUTIVE SUMMARY3.1 MARKET OVERVIEW 3.2 EUROPE PHARMACY POS SOFTWARE MARKET, BY TYPE (USD MILLION) 3.3 EUROPE PHARMACY POS SOFTWARE MARKET, BY END USERS (USD MILLION) 3.4 FUTURE MARKET OPPORTUNITIES 3.5 EUROPE MARKET SPLIT
4 MARKET OUTLOOK4.1 EUROPE PHARMACY POS SOFTWARE MARKET OUTLOOK
4.2 MARKET DRIVERS
4.2.1 RISE IN THE END USERS OF PHARMACEUTICAL AUTOMATION 4.2.2 PRESENCE OF STRONG PHARMACEUTICAL INDUSTRY IN EUROPE
4.3 MARKET RESTRAINT
4.3.1 STRICT RULES AND REGULATION
4.4 MARKET OPPORTUNITIES
4.4.1 RISING POPULARITY OF CLOUD- BASED SOLUTIONS
4.5 IMPACT OF COVID – 19 ON PHARMACY POS SOFTWARE MARKET
4.6 PORTER FIVE FORCES ANALYSIS ON PHARMACY POS SOFTWARE MARKET
5 MARKET, BY TYPE5.1 OVERVIEW 5.2 CLOUD-BASED 5.3 WEB-BASED
6 MARKET, BY END USERS6.1 OVERVIEW 6.2 HOSPITALS 6.3 HEALTH SYSTEMS
7 MARKET, BY GEOGRAPHY7.1 OVERVIEW
7.2 EUROPE
7.2.1 EUROPE MARKET SNAPSHOT
7.3 GERMANY
7.3.1 GERMANY MARKET SNAPSHOT
7.4 FRANCE
7.4.1 FRANCE MARKET SNAPSHOT
7.5 UK
7.5.1 UK MARKET SNAPSHOT
7.6 BELGIUM
7.6.1 BELGIUM MARKET SNAPSHOT
7.7 ITALY
7.7.1 ITALY MARKET SNAPSHOT
7.8 REST OF EUROPE
7.8.1 REST OF EUROPE MARKET SNAPSHOT
8 COMPETITIVE LANDSCAPE8.1 OVERVIEW 8.2 COMPANY MARKET RANKING ANALYSIS
9 COMPANY PROFILES9.1 INTUIT INC.
9.1.1 COMPANY OVERVIEW 9.1.2 COMPANY INSIGHTS 9.1.3 SEGMENT BREAKDOWN 9.1.4 PRODUCT BENCHMARKING 9.1.5 SWOT ANALYSIS
9.2 LS RETAIL
9.2.1 COMPANY OVERVIEW 9.2.2 COMPANY INSIGHTS 9.2.3 PRODUCT BENCHMARKING 9.2.4 SWOT ANALYSIS
9.3 OPENBRAVO S.L.U.
9.3.1 COMPANY OVERVIEW 9.3.2 COMPANY INSIGHTS 9.3.3 PRODUCT BENCHMARKING 9.3.4 KEY DEVELOPMENTS 9.3.5 SWOT ANALYSIS
9.4 VIP COMPUTER SYSTEMS, INC.
9.4.1 COMPANY OVERVIEW 9.4.2 COMPANY INSIGHTS 9.4.3 PRODUCT BENCHMARKING
9.5 NUCHANGE
9.5.1 COMPANY OVERVIEW 9.5.2 COMPANY INSIGHTS 9.5.3 PRODUCT BENCHMARKING
9.6 EMPOROS
9.6.1 COMPANY OVERVIEW 9.6.2 COMPANY INSIGHTS 9.6.3 PRODUCT BENCHMARKING
9.7 LIBERTY SOFTWARE INC.
9.7.1 COMPANY OVERVIEW 9.7.2 COMPANY INSIGHTS 9.7.3 PRODUCT BENCHMARKING
9.8 ABACUS
9.8.1 COMPANY OVERVIEW 9.8.2 COMPANY INSIGHTS 9.8.3 PRODUCT BENCHMARKING
9.9 MICRO MERCHANT SYSTEMS, INC.
9.9.1 COMPANY OVERVIEW 9.9.2 COMPANY INSIGHTS 9.9.3 PRODUCT BENCHMARKING
9.10 CLOVER NETWORK, INC.
9.10.1 COMPANY OVERVIEW 9.10.2 COMPANY INSIGHTS 9.10.3 PRODUCT BENCHMARKING
LIST OF TABLESTABLE 1 EUROPE PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 2 EUROPE PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 3 EUROPE PHARMACY POS SOFTWARE MARKET, BY GEOGRAPHY, 2020 – 2027 (USD MILLION) TABLE 4 EUROPE PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 5 EUROPE PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 6 GERMANY PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 7 GERMANY PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 8 FRANCE PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 9 FRANCE PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 10 UK PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 11 UK PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 12 BELGIUM PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 13 BELGIUM PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 14 ITALY PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 15 ITALY PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 16 REST OF EUROPE PHARMACY POS SOFTWARE MARKET, BY TYPE, 2020 – 2027 (USD MILLION) TABLE 17 REST OF EUROPE PHARMACY POS SOFTWARE MARKET, BY END USERS, 2020 – 2027 (USD MILLION) TABLE 18 COMPANY MARKET RANKING ANALYSIS TABLE 19 INTUIT INC.: PRODUCT BENCHMARKING TABLE 20 LS RETAIL: PRODUCT BENCHMARKING TABLE 21 OPENBRAVO S.L.U.: PRODUCT BENCHMARKING TABLE 22 OPENBRAVO S.L.U.: KEY DEVELOPMENTS TABLE 23 VIP COMPUTER SYSTEMS, INC..: PRODUCT BENCHMARKING TABLE 24 NUCHANGE: PRODUCT BENCHMARKING TABLE 25 EMPOROS: PRODUCT BENCHMARKING TABLE 26 LIBERTY SOFTWARE INC.: PRODUCT BENCHMARKING TABLE 27 ABACUS: PRODUCT BENCHMARKING TABLE 28 MICRO MERCHANT SYSTEMS, INC.: PRODUCT BENCHMARKING TABLE 29 CLOVER NETWORK, INC.: PRODUCT BENCHMARKING
LIST OF FIGURESFIGURE 1 EUROPE PHARMACY POS SOFTWARE MARKET SEGMENTATION FIGURE 2 RESEARCH TIMELINES FIGURE 3 DATA TRIANGULATION FIGURE 4 MARKET RESEARCH FLOW FIGURE 5 DATA SOURCES FIGURE 6 EUROPE PHARMACY POS SOFTWARE MARKET OVERVIEW FIGURE 7 EUROPE PHARMACY POS SOFTWARE MARKET, BY TYPE (USD MILLION) FIGURE 8 EUROPE PHARMACY POS SOFTWARE MARKET, BY END USERS (USD MILLION) FIGURE 9 FUTURE MARKET OPPORTUNITIES FIGURE 10 GERMANY DOMINATED THE MARKET IN 2020 FIGURE 11 EUROPE PHARMACY POS SOFTWARE MARKET OUTLOOK FIGURE 12 PORTER FIVE FORCES ANALYSIS ON PHARMACY POS SOFTWARE MARKET FIGURE 13 EUROPE PHARMACY POS SOFTWARE MARKET, BY TYPE FIGURE 14 EUROPE PHARMACY POS SOFTWARE MARKET, BY END USERS FIGURE 15 INTUIT INC.: COMPANY INSIGHT FIGURE 16 INTUIT INC.: SEGMENT BREAKDOWN FIGURE 17 INTUIT INC.: SWOT ANALYSIS FIGURE 18 LS RETAIL: COMPANY INSIGHT FIGURE 19 LS RETAIL: SWOT ANALYSIS FIGURE 20 OPENBRAVO S.L.U.: COMPANY INSIGHT FIGURE 21 OPENBRAVO S.L.U.: SWOT ANALYSIS FIGURE 22 VIP COMPUTER SYSTEMS, INC..: COMPANY INSIGHT FIGURE 23 NUCHANGE: COMPANY INSIGHT FIGURE 24 EMPOROS: COMPANY INSIGHT FIGURE 25 LIBERTY SOFTWARE INC.: COMPANY INSIGHT FIGURE 26 ABACUS: COMPANY INSIGHT FIGURE 27 MICRO MERCHANT SYSTEMS, INC.: COMPANY INSIGHT FIGURE 28 CLOVER NETWORK, INC.: COMPANY INSIGHT
Report Research Methodology
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Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
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For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
Perspective | Primary Research | Secondary Research |
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Supplier side |
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Demand side |
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Econometrics and data visualization model
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Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
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- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
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Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
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The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
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Industry Analysis Matrix
Qualitative analysis | Quantitative analysis |
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