The global pharmaceuticals market is projected to achieve a compound annual growth rate (CAGR) of 1.8 percent and reach to $1250.24 billion in 2021 from $1228.45 billion in 2020.
The COVID era has resulted in an increase in the number of pharmacies and retail supplement stores. Following the global impact of COVID, medical stores saw a massive increase in demand, both in physical and online stores. The increased demand in stores frequently forced the cashier to conduct transactions manually, as dealing with this many buyers is difficult. As a result, there is a need for a well-structured, customised Retail Management solution that includes all of the features required by Pharmacy retailers to manage all aspects of their retail operations and would also comply with the local laws and regulations.
iVend Retail for Pharmacy is a comprehensive retail management solution that provides faster billing speed, expiry date management for better inventory control, multiple discount types, over-the-counter and prescription drug management in accordance with healthcare regulations, and much more to enable Pharmacy retailers to provide an exceptional customer experience.