Key Players in the North American Inpatient Pharmacy Information System (PIS) market are Cerner Corporation, Allscripts, Epic Systems, Athenahealth, Practice Fusion, Inc., NextGen Healthcare Information Systems, LLC
(PRWEB) November 04, 2014
The North American Inpatient Pharmacy 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 $1,549.0 million in 2018 and is estimated to grow at a CAGR of 7.5% from 2013 to 2018.
Browse through the TOC of the North American inpatient 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.
An inpatient PIS system assists in patient care by keeping track of medication, drug interactions, drug allergies, and other medication-related complications of a patient admitted in a hospital. These systems also enable efficient inventory control by maintaining a record of internal inventory; it generates an alert when a drug is running out of stock and orders the drug using an electronic ordering system from an approved source in the right quantity.
Increased investments and initiatives taken by governments to improve patient care are the key factors that are likely to drive the North American inpatient PIS market. The growing need to integrate healthcare systems, increased ROI, growing expenditure on healthcare IT, increased number of healthcare equipment manufacturers, incentive schemes by governments, presence of various accountable care organizations, and increased use of healthcare IT will fuel the growth of the inpatient PIS market in the region. However, fragmented healthcare IT and high associated costs may hamper the growth of the inpatient PIS market in North America. On a positive note, the shift in focus towards patient-centric systems, enhanced outsourcing, emerging markets in developing countries, advanced patient care systems are some of the factors that present an array of opportunities for this market in the region.
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Some of the key players of inpatient PIS market in North America include Allscripts, Cerner Corporation, and Epic Systems.
The North American inpatient PIS market is segmented on the basis of its types, applications, deployment, component and end-user. The inpatient PIS market, by type, is segmented into integrated and standalone. The application is further segmented into clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. The market by deployment is categorized as on-premise, web-based, and cloud-based. By component, the market includes hardware, software, and services. On the basis of geography, the report analyses major countries such as the U.S., Canada, and Mexico. The market is also segmented and analyzed further on the basis of major end users of these devices.
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This report also includes the market share, 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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EUROPEAN INPATIENT PHARMACY INFORMATION SYSTEM MARKET
The European in-patient pharmacy information system (PIS) market is growing primarily due to the rising demand for better healthcare infrastructure. Several multinational companies are present in this market with a wide range of products and services. The CAGR for this market is projected to be 6.6% between 2013 and 2018. The study highlights various aspects of this market, right from the growth factors to the market and product development strategies adopted by the companies.
The in-patient PIS is used for several pharmacy operations such as patient data management, inventory management, audit management, prescription management, and several other routine and ad-hoc operations. PIS offer several advantages to the healthcare professionals and administrative staff.
With the advent of these systems, it became easier for the staff and healthcare professionals to refer to a patient’s medical history. The data related to a patient can be easily shared with other applications and systems as well. Even the administrative staff in a pharmacy is benefited by this system, as it helps in inventory management and tracking loss or theft of drugs. The quantity of drugs procured by a pharmacy as well as consumption pattern can be easily tracked, thus making it easier to plan and maintain inventory as per the consumption trends.
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