Pharmacy Information Systems Market Size, Share and Forecast 2019-2025

A pharmacy information systems (PIS) is digital software which records, manages, and stores data for patient's medication and inventory of medical store. PIS are basically designed to store accurate data of medicines which are used in diagnosis of any disease. In addition, it enables in managing patient profiles, processing and billing, workflow, accounts receivables, and inventory. One of the key features of an PIS is, the information regarding shortage of medicine and patient's medication can be easily generated and managed by pharmacist in a digital format.

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Factors motivating the growth of this market include increase in demand of people for better quality of healthcare services and growing adoption of cloud-based PIS across various segments of healthcare sector. High initial cost, complex technological guidelines of PIS software and privacy & data breach are major restraining factors which affect the growth of this market.

However, people are more intended for cloud-based PIS services enables in providing patient medication information in detailed manner from anywhere at any point of time. Currently, the roles and applications of PIS in the healthcare system include clinical care functions and research for in depth understanding of medication reports for better diagnosis. In addition, the increased funding by government and major players in drugs and medication R&D in merging nation are the major opportunities for pharmacy information systems market.

Geographically PIS market is divided into North America, Europe, Asia Pacific and Rest of the World. North America is the largest market in terms of deployment and the revenue generation. Technological advancement, better healthcare infrastructure and government support in the region driving the market. Developing countries such as China, India and Brazil are most opportunity market. Government support and initiative in these countries encourages to adopt new technology such as PIS. The healthcare system in western Europe is much advanced therefore, the high growth rate is expected from this region specially from Germany, UK and France.

The global players in the PIS market include Athena health Inc., Cerner Corporation, Best-RX, Clinicals works, Epic system corporation. The strategy adopted in these companies are continuous development in pharmaceuticals management solution by (R&D) which made them progress over the past several years. As a result, market player may offer low-cost, high-value solutions and services to smaller hospitals, and pharmacy stores which enable them in managing medicines and drugs in optimum way. In October, 2017, eClinicalWorks entered into strategic partnerships with FIGmd and to improve EHR use for both providers and patients.

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Global Pharmacy Information Systems Market Segmentation

By Deployment
o Web Based
o On-Premises
o Cloud Based

By End User
o Physician Offices
o Hospital & Pharmacy
o Paramedic Services

By Type
o Out Patients
o In Patients

By Components
o Hardware
o Software
o Services

Company Profiles
o Allscripts Healthcare Solutions, Inc.
o Astellas
o Athenahealth Inc
o Avera Ecare
o Best Rx
o Carestream Health
o Cerner Corporation
o Eclinicalworks, Llc
o Emdeon Business Services, Llc.
o Epic Systems Corporation
o Hansasoft
o Mckesson Corporation
o Meditech

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