The Asian Outpatient Patient Information System (PIS) market is expected to reach $128.0 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) November 22, 2014 -- The Asian Outpatient Patient Information System (PIS) market report defines the concerned market to provide analysis of the market trends and revenue forecasts. As per the report, this market is expected to reach $128.0 million in 2018 and is estimated to grow at a CAGR of 9.6% from 2013 to 2018.
Browse through the Asian Outpatient Patient Information System (PIS) Market TOC to get an idea of the in-depth analysis and market segmentation supported by various tables and figures.
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Outpatient PIS services include preparation and convenient filling of prescriptions to offer accurate medication. This ensures speedy completion of the entire process. According to the report, 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.
The cost benefits of healthcare IT and growing expenditure, along with an increase in number of healthcare equipment manufacturers, are the key factors that are likely to drive the outpatient PIS market in Asia. Asia is a region with both developed and developing economies, thus presenting challenging yet attractive opportunities to companies that are looking to venture into this region. Moreover, the automation of pharmacy data enables efficient data management and minimization of delays caused due to non-availability of data, which are expected to be the key drivers for the market according to this report.
However, the report expects interoperability issues of the products from different suppliers and shortage of healthcare IT professionals to remain major restraints for the growth of the Asian outpatient Pharmacy Information Systems market. Some of the key players in this market include Cerner Corporation, Epic Systems, and McKesson Corporation, among others.
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The report segments the Asian outpatient PIS market on the basis of its types, applications, deployments, components, and end users. By type, the market has been segmented into integrated and standalone. Applications segment of the report includes 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 Japan, China, and India.
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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.
Related Reports :
North American Outpatient Pharmacy Information system Market
The North American outpatient pharmacy information system (PIS) market is expected to grow at a CAGR of close to 9.5%, from 2013 and 2018, to reach $603.13 million in 2018. Pharmacy information system (PIS) has 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. Outpatients pharmacy services include preparation of prescription in order to offer accurate medication and convenient filling of prescription therapy speeding up the entire process.
Government initiatives to improve patient security, increased investments by healthcare stakeholders and increase incentives by the federal government will drive the market for outpatient PIS in North America. However, the end user market for healthcare IT is highly fragmented and the requirements widely vary as per the end user hence the customized solution costs more and it is impossible for some provider to self-fund these costs. The fragmented end-user market and high cost of healthcare IT solutions are the factors restraining the growth of the outpatient PIS market in North America.
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