Pharmacy Information Systems Market Scope
Pharmacy Information Systems is digital software, a subset of hospital information system which provides related information to the hospital teaching. These systems assistís pharmacists to safely manage the medication process. Moreover, it supports various programs such as the distribution and management of drugs. PIS is a system which stores data related to all the medicines within pharmacies and serves a safe and effective provision of pharmaceuticals drugs. One of the major factors that are driving the market for PIS is that it enables pharmacists to make correction free decision towards the patients.
The market study is being classified by Type (Inpatient Pharmacy Information Systems and Outpatient Pharmacy Information Systems), by Application (Clinical Guidelines, Clinical Reminders, Drug Allergy Alerts, Drug Dosing Support, Drug-Drug Interactions and Others) and major geographies with country level break-up.
The market is highly fragmented with competitors entering various segments. Hence key players are constantly innovating and incorporating new technologies to gain a competitive edge and provide better service than their competitors. Healthcare industry is collaborating with the IT industry to improve the products and services to simulate the market growth Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pharmacy Information Systems market throughout the predicted period.
Athenahealth (United States), Cerner Corporation (United States), BestRx (United States), Epic Systems (United States), eClinicalWorks (United States), Allscripts Healthcare Solutions (United States), ScriptPro LLC (United States), McKesson Corporation (United States), Swisslog (Switzerland) and Parata Systems (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Carestream Health (United States).
AdvanceMarketAnalytics has segmented the market of Global Pharmacy Information Systems market by Type, Application and Region. On the basis of Type, Cloud based are dominating the market in the year 2018
On the basis of geography, the market of Pharmacy Information Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018.
On 11th January 2019, PHC Corporation, a wholly-owned subsidiary of PHC Holdings Corporation announced the launch of PharnesV software for health insurance pharmacies incorporating the DrugstarLead face-to-face medication information system. This software aims to further promote patient medication adherence. With some new feature such as currently prescribed medication as well as previous medication information is displayed together with photos in a parallel arrangement.
- Adoption of Cloud-Based PIS across Various Segments of the Healthcare Sector
- Increasing Number of Healthcare Instrument Manufacturers
- Rising Number of Hospitals and Pharmaceuticals Globally
- Increase in Demand of People for Better Quality of Healthcare Services
- Growing Investments Made By the Government Bodies and VCs in both Developing and Developing Nations
- Rising Popularity of E-Prescription is Expected to Create Greater Opportunities Worldwide
- High Cost Associated With the Implementation of These PIS
- Issues Related to the Complex Technological Guidelines and Privacy & Data Breach of These Systems
- Lack of Appropriate Qualified People for Operating Pharmacy Information Systems
- Concern Related to the Hardware Failures of These PIS
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