The Asian Inpatient Patient Information System (PIS) Market is Expected to Reach $329.0 Million in 2018 - New Report by MicroMarket Monitor
(PRWEB) November 02, 2014 -- The Asian inpatient patient information system (PIS) market report defines and segments the concerned market in Asia with analysis and forecast of revenue. The inpatient patient information system (PIS) market in Asia is expected to reach $329.0 million in 2018 and is estimated to grow at a CAGR of 7.5% from 2013 to 2018.
Browse through the TOC of the Asian inpatient patient information system (PIS) market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of this market globally, and is supported by various tables and figures.
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Inpatient pharmacy services include medication selection and procurement, medication storage, medication ordering and prescribing, medication preparation and dispensing, medication administration and medication monitoring. Medication orders are prepared, packaged, labeled and then sent directly to the individual's unit for administration by nursing staff. Another advantage of inpatient PIS is that the data can be shared with other systems and applications. Therefore, automation of pharmacy data helps in efficient data management and minimizing delays caused due to non-availability of data.
Inpatient PIS market in Asia is expected to develop at a fast pace. The driving factors of this market are rise in healthcare expenditure and also in the number of companies that are catering to the market demand. The growing expenditure in healthcare IT and its cost benefits along with increasing number of healthcare equipment manufacturers are factors driving the market. Asia is a region with both developed and developing economies, thus presenting challenging opportunities to the companies that are looking to venture into this region. However, interoperability issues of products from different suppliers and shortage of healthcare IT professionals will hamper the growth of inpatient PIS market in Asia. The major geographic countries included in the report are China, Japan and India. Some of the key players of inpatient PIS market in Asia include Allscripts, Cerner Corporation, and Epic Systems.
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Asian 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 further categorized as on-premises, web-premises, and cloud-premises while market by component comprises of hardware, software, and services. 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 including major companies of the market.
Related Reports:
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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