Healthcare IT

Global Pharmacy Information Systems Market Research and Forecast 2018-2023

October 22, 2018 by OMRGlobal

Global Pharmacy Information Systems Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023

A Pharmacy Information Systems (PIS) is a 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. Factors motivating the growth of this market includes 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.

The report covers:
  • Comprehensive research methodology of Global PIS Market.
  • This report also includes detailed and extensive market overview with key analyst insights.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key                                 recommendations.
  • Analysis of regional regulations and other government policies impacting the Global PIS Market.
  • Insights about market determinants which are stimulating the Global PIS Market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

For related reports please visit: pharmaceuticals industry




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