DUBLIN, June 5, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7ptpxx/practice) has announced the addition of the "Practice Management System Market by Products, Components, Delivery Mode & by End-Users - Global Trends & Forecast to 2018" report to their offering.
The practice management system market is segmented on the basis of products (integrated and standalone), delivery mode (on-premises, web-based, and cloud-based), components (services and software), end users (physicians, pharmacists, diagnostic labs and others), and geography.
Based on products, the PM system market is divided into integrated and standalone solutions. The integrated PM segment is expected to grow at a decent growth rate owing to government mandates for integration of electronic health records (EHR) with PM system and meaningful use incentive program.
On the basis of delivery mode, the practice management system market is further classified as on-premises, web-based, and cloud-based. The cloud-hosted solutions accounted for the fastest growing segment due to remote accessibility of data and reduced operational costs. The practice management system market, by end-user is segmented into physicians, pharmacists, and diagnostic labs. The physician segment accounted for the largest as well as the fastest growing segment of the market in 2013.
The global market is expected to grow at a high single-digit CAGR to reach $247.1 million by 2018. The major factors fueling the growth of this market are high return on investment, growing incidences of medication errors, and firm government support in the form of incentives. However, the lack of data privacy, high maintenance expenses, and interoperability issues are restricting the growth of the practice management system market. The growing inclination towards patient-centric care approach, cloud-based models and emerging markets of Asia (China and India), Middle-East, and Pacific countries (Australia and New Zealand) present significant growth opportunities for the future.
The key industry participants in the market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S).
Key Topics Covered:
2 Executive Summary
3 Premium Insight
4 Market Overview
5 By Product
6 By Delivery Mode
7 By Component
8 Practice Management System, By End User
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Allscripts Healthcare Solutions, Inc.
- Cerner Corporation
- GE Healthcare
- Mckesson Corporation
- Medical Information Technology, Inc. (Meditech)
- Nextgen Healthcare Information System, Llc. (A Subsidiary of Quality Systems, Inc.)
- Vitera Healthcare Solutions (Greenway Medical)
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SOURCE Research and Markets