MicroMarket Monitor: Inpatient Pharmacy Information System Market Worth $2,587.61 Million by 2018
(PRWEB) June 11, 2014 -- The global inpatient patient information system (PIS) market is expected to grow at a CAGR of 7.2% from $1,827.94 million in 2013 to $2,587.61 million in 2018. 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 global inpatient PIS market. The high cost of healthcare IT, increased maintenance cost of equipments 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 the global inpatient PIS market. Moreover, a shift in focus towards patient centric systems, enhanced outsourcing, emerging markets in developing countries, and advanced patient care systems are some of the factors that present an array of opportunities for the global inpatient PIS market.
The global inpatient PIS market is segmented on the basis of its types, applications, deployment, components, and end-users. The inpatient PIS market by type is segmented into integrated and standalone. This 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-premises, web-premises, and cloud-premises, while the market by component comprises of hardware, software, and services. The end-users sub-segments are office-based physicians, hospitals, emergency healthcare service providers, nurses, and other end-users.
Browse through the market data tables, figures and detailed ToC on the “Inpatient Pharmacy Information System Market”.
Related Reports
North American Inpatient Pharmacy Information System Market
The inpatient PIS market in North America is expected to grow at a CAGR of about 7.5% from $1,077.04 million in 2013 to $1,549.36 million in 2018. Increased investments and initiatives taken by governments to improve patient care are the key factors that are likely to drive the market. However, fragmented healthcare IT and the high cost of HCIT will hamper the growth of the inpatient PIS market in North America. The geographic segments included in this report are the U.S., Canada, and Mexico. Some of the key players of the inpatient PIS market in North America include Allscripts, Cerner Corporation, and Epic Systems.
European Inpatient Pharmacy Information System Market
The inpatient PIS market in Europe is expected to grow at a CAGR of about 6.6% from $425.91 million in 2013, to $587.39 million in 2018. The increased demand for healthcare IT and a rise in the ROI, along with improved patient care are the key factors that are likely to drive this market. However, low investments and the high maintenance cost of HCIT systems and software will hamper the growth of the inpatient PIS market in Europe. The geographic segments included in this report are Germany, France, Italy, the U.K., Spain, and the Rest of Europe. Some of the key players of the inpatient PIS market in Europe include Allscripts, Cerner Corporation, and Epic Systems.
Asian Inpatient Pharmacy Information System Market
The inpatient PIS market in Asia is expected to grow at a CAGR of about 7.6% from $228.57 million in 2013 to $329.20 million in 2018. The growing expenditure in healthcare IT and its cost benefits, along with the increase in healthcare equipment manufacturers are the key factors that are likely to drive the market. However, interoperability issues of products from different suppliers, and a shortage of healthcare IT professionals will hamper the growth of the inpatient PIS market in Asia. The geographic segments included in this report are China, Japan, India, and the Rest of Asia. Some of the key players of the inpatient PIS market in Asia include Allscripts, Cerner Corporation, and Epic Systems.
http://www.micromarketmonitor.com/market/asia-inpatient-pharmacy-information-system-3648483539.html
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