European Outpatient Pharmacy Information System Market driven by growing demand for e-prescriptions http://www.micromarketmonitor.com/market/europe-outpatient-pharmacy-information-system-9966407951.html
(PRWEB) November 09, 2014
The European Outpatient Patient Information System (PIS) Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market is expected to reach a value of $229.0 million in 2018 and is estimated to grow at a CAGR of 8.7% from 2013 to 2018.
Browse through the TOC of the European Outpatient Patient Information System (PIS) Market to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures.
Outpatient PIS services include preparation and convenient filling of prescriptions to offer accurate medication. This ensures speedy completion of the entire process. The increasing demand for automatic refill and the growing popularity of e-prescriptions will positively impact the overall PIS market; as a result it will lean towards significant growth in the near future.
The growing need to integrated healthcare systems and high return on investment after installation has increased the demand for IT solutions such as outpatient PIS. The improved quality of care and clinical outcomes, growing popularity of e-prescriptions, rise in demand for automated prescription filling, and rise in adoption of advanced technology in healthcare administration is likely to drive the outpatient PIS market in the near future. However, high maintenance and service expenses and limited investment in healthcare
IT in the region may restrain the growth of this market in Europe.
Some of the key players in the outpatient PIS market in Europe include Cerner Corporation, GE Healthcare, and McKesson Corporation, among others.
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The European outpatient PIS market has been segmented on the basis of its types, applications, deployments, components, and end users. By type, the market has been segmented into integrated and standalone. Applications include clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. By deployment, the market has further been categorized by on-premise, web-based, and cloud-based, while the market by components comprises hardware, software, and services. On the basis of geography, the report analyzes major countries such as Germany, France, Italy, the U.K., and Spain.
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This report also includes market shares, value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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North American Outpatient Pharmacy Information system Market
The North American outpatient pharmacy information system (PIS) market is expected to grow at a CAGR of close to 9.5%, from 2013 and 2018, to reach $603.13 million in 2018. Pharmacy information system (PIS) has been used to deliver pharmacy services by collecting and storing information on medication usage. A PIS assists in patient care by keeping track of medications, drug interactions, drug allergies, and other medication related complications. Outpatients pharmacy services include preparation of prescription in order to offer accurate medication and convenient filling of prescription therapy speeding up the entire process.
Government initiatives to improve patient security, increased investments by healthcare stakeholders and increase incentives by the federal government will drive the market for outpatient PIS in North America. However, the end user market for healthcare IT is highly fragmented and the requirements widely vary as per the end user hence the customized solution costs more and it is impossible for some provider to self-fund these costs. The fragmented end-user market and high cost of healthcare IT solutions are the factors restraining the growth of the outpatient PIS market in North America.
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