Europe pharmacy information system market that is expected to grow at a CAGR of 7.0% in 2019 The European pharmacy information system market was valued at $625.9 million in 2014, and is expected to reach $877.5 million by 2019, at a CAGR of 7.0% from 2014 to 2019 . http://www.micromarketmonitor.com/market/europe-pharmacy-information-system-4683347875.html Pharmacy Information System (PIS) delivers pharmacy services by collecting and storing information on medication usage. It assists in patient care by keeping track of medications, drug interactions, drug allergies, and other medication related complications. This system also enables an efficient inventory control by maintaining the record of internal inventory stock. The tracking system generates an alert when drugs are running out of stock, and later places drug orders using the electronic ordering system.
Key Players engaged in this market.Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Swisslog (Switzerland), AthenaHealth, Inc. (U.S.), McKesson Corporation (U.S.), and Emdeon (U.S.)
This automatic procedure of placing drug orders in the right quantity comes from an approved source, thereby avoiding the occurrence of manual errors, and prevention of stock outs and surplus inventory. The web-based segment led the European pharmacy information system market, by deployment. It was valued at $383.2 million in 2014, and is projected to reach $554.8 million by 2019, at a CAGR of 7.7% from 2014 to 2019.
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Browse through the market data tables, figures and detailed ToC on the “European Pharmacy Information System Market� http://www.micromarketmonitor.com/market/europe-pharmacy-information-system-4683347875.html It has been identified that almost 20%-25% of the rise in cost of healthcare services is because of administrative inefficiencies. Automation of administrative services, such as implementing PIS and HER will help in reducing such elevated healthcare costs. The increase in demand for automatic refill and growing popularity of e-prescription will positively impact the overall pharmacy information system; as a result the PIS market is expected to lean towards a significant growth in the future. Speak to Analyst @ http://www.micromarketmonitor.com/contact/4683347875-speak_to_analyst.html The market is segmented on the basis of types, deployment, component, major applications and enduser. The inpatient PIS market, by type is segmented into integrated and standalone. The market by deployment is further categorized as on-premises, web-premises, and cloud-premises, while the market by component comprises of hardware, software, and services. The application is further classified into, clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, and drug-drug interactions among other applications. About MicroMarket Monitor: MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
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Tel: +1-888-502-0539