(PRWEB) July 04, 2014 -- Global outpatient patient information system (PIS) market is expected to grow at a CAGR of 9.2% from $649.66 million in 2013 to $1007.29 million in 2018. Growing need to integrate healthcare systems, increased ROI, growing expenditure on healthcare IT, increased number of healthcare equipment manufacturers, incentive scheme by governments, presence of various accountable care organizations, and increased use of healthcare IT will fuel the growth of global outpatient PIS market. High cost of healthcare IT, increased maintenance cost of equipment and services, and limited investments in healthcare IT, along with interoperability issues and shortage of healthcare professionals are the major factors responsible for restraining the growth of global outpatient PIS market. Moreover, shift in focus towards patient centric systems, enhanced outsourcing, emerging market in developing countries, and advanced patient care systems are some of the factors that present an array of opportunities for the global outpatient PIS market.
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North American Outpatient Pharmacy Information System Market:
Outpatient PIS market in North America is expected to grow at a CAGR of about 9.5% from $382.79 million in 2013 to reach $603.13 million in 2018. The government initiatives to improve patient security and increased investments by healthcare stakeholders are the key factors that are likely to drive the market. However, fragmented end-user market and high cost of healthcare IT solutions will hamper the growth of outpatient PIS market in North America. Some of the key players of outpatient PIS market in North America include Cerner Corporation, Epic Systems, and McKesson.
Europe Outpatient Pharmacy Information system Market:
Outpatient PIS market in Europe is expected to grow at a CAGR of about 8.6% from $151.37 million in 2013 to reach $228.66 million in 2018. Growing need to integrated healthcare system and high ROI, the consequent increase in the demand for IT solutions, and improved quality of care and clinical outcomes are the key factors that drive the market. However, high maintenance and service expenses, in addition to the limited investment in healthcare IT, will hamper the growth of the outpatient PIS market in Europe. Some of the key players of the outpatient PIS market in Europe include Cerner Corporation, GE, and McKesson.
Asian Outpatient Pharmacy Information system Market:
Outpatient PIS market in Asia is expected to grow at a CAGR of about 9.5% from $81.23 million in 2013 to reach $128.15 million in 2018. The cost benefits of healthcare IT and growing expenditure, along with increase in number of healthcare equipment manufacturers are the key factors that are likely to drive the market. However, interoperability issues of products from different suppliers and shortage of healthcare IT professionals will hamper the growth of the outpatient PIS market in Asia. Some of the key players of outpatient PIS market in Asia include Cerner Corporation, Epic Systems, and McKesson.
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