The Global Pharmacy Information System Market is Estimated to Grow at a CAGR of 7.7% From 2013 to 2019

FORT WORTH, Texas, December 16, 2014 /PRNewswire/ --

The Global Pharmacy Information System (PIS) Market report defines and segments the concerned market in North America with analysis and forecast of revenue. The market was valued at $2477 in 2013, and is estimated to grow at a CAGR of 7.7% from 2013 to 2019. The Global Pharmacy Information System market is driven by the growing popularity of e-Prescription, and the inclination to adopt advanced medical technologies.

Browse through the TOC of the Pharmacy Information System market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Pharmacy information systems enable physicians and pharmacists to view contraindications and risk factors, while prescribing a medicine or treatment. When a prescription is entered, the system automatically checks if there are any interactions between two or more drugs taken by the patient, any known allergies associated with the drug, and if the appropriate dosage has been given based on the patient's age, weight, and other physiologic factors. The system then sends alert messages on an immediate basis, if it comes across any complication while using prescribed drugs. E-prescription, an essential pharmacy information system device, is an electronically generated prescription, transmission, and filling of a medical prescription created by healthcare providers and sent directly to pharmacy stores from the respective point-of-care.

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For this study, the global pharmacy information system is categorized into inpatient pharmacy information system and outpatient pharmacy information system. Inpatient pharmacy is meant for patients admitted in hospital, and outpatient pharmacy is for patients outside the hospital.

The market is segmented on the basis of type, deployment, component, major application, and end-user. On the basis of geography, the report is classified into major regions, such as North America, Europe, Asia, and Rest of the World (RoW).

North America has registered the largest market share among all other regions in the global PIS market, while the Asian region is estimated to grow at the fastest CAGR in the coming years. The cost of healthcare services has been increasing, due to the increase in the premium amount of health insurances, and growing demand of healthcare services in North America. Automation of administrative services, such as implementing PIS and HER will simultaneously help in reducing healthcare expenses.

The driving factors for the global pharmacy information system market are growing popularity of e-Prescription, rise in demand of prescription filling, and increasing adoption of advanced medical technologies emerging in the healthcare sector. The increase in demand for automatic refill and e-prescription will positively impact the overall pharmacy information system market; as a result the PIS market will lean towards significant growth in the future.

Related Reports: 

The European Pharmacy Information Systems (PIS) market, mainly driven by the growing popularity of e-prescriptions, was valued at $695.13 million in 2013, and is expected to reach $1,004.39 million by 2018, at a CAGR of 7.6%. The report on the concerned market analyzes it under two segments, namely inpatient pharmacy information systems and outpatient pharmacy information systems. The companies covered in the report include McKesson Corporation, ScriptPro LLC, Parata Systems, LLC, and Swisslog Holding AG.

http://www.micromarketmonitor.com/market/europe-pharmacy-information-system-4683347875.html

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