North American Outpatient Pharmacy Information System Market driven by government initiatives to improve patient security http://www.micromarketmonitor.com/market/north-america-outpatient-pharmacy-information-system-7245272971.html
(PRWEB) November 09, 2014
The North American Outpatient Patient Information System (PIS) Market report defines and segments the concerned market in North America with analysis and forecast of revenue. This market is expected to reach a value of $603.0 million in 2018 and is estimated to grow at a CAGR of 9.5% from 2013 to 2018.
Browse through the TOC of the North American 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.
Government initiatives in the North American region to improve patient security and increased investments by healthcare stakeholders are the key factors that are likely to drive the outpatient PIS market. Further, the shift in focus towards patient-centric systems and enhanced outsourcing are some of the factors that present an array of opportunities for the North American outpatient PIS market. However, a fragmented end-user market and high cost of healthcare IT solutions will restrain the growth of this market.
Some of the key players of outpatient PIS market in North America include Cerner Corporation, Epic Systems, and McKesson Corporation, among others.
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The North American 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 the U.S., Canada, and Mexico.
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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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Asian Outpatient Pharmacy Information system Market
The Asian outpatient pharmacy information system (PIS) market is expected to grow at a CAGR of 9.5%, between 2013 and 2018, to reach $128.15 million in 2018. The PIS have 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. Outpatient pharmacy services include preparation of prescription in order to offer accurate medication and convenient filling of prescription therapy, speeding up the entire process.
The growth is attributed to the cost benefits of healthcare IT, growing expenditure on healthcare IT, and increase in number of healthcare equipment manufacturers. Interoperability issues of products from different suppliers and shortage of healthcare IT professionals are the factors restraining the outpatient PIS market in Asia. However, increasing adoption in emerging markets like India, Singapore, and South Korea offers important growth opportunity for the outpatient pharmacy information system market in Asia.
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