Caduceus Software Systems Corp. Market Opportunity - Part One; Global Electronic Health Records Market Slated to Be Worth $19...
24 Avril 2012 - 2:00PM
Business Wire
Caduceus Software Systems Corp. (OTCBB: CSOC) - (The
Company) is reaffirming its optimistic views on the opportunity
it hopes to pursue in the burgeoning Electronic Health Records EHR
market. Today it starts with part one of three press releases
commenting on the market opportunities present to the Company. Part
one discusses the global market with a focus on the US and North
America.
The market size and its continued growth are key driving factors
for the future of new companies like Caduceus. Again, the market
growth is outlined in the following report: Accenture Overview of
International EMR/EHR Markets.
(http://www.accenture.com/SiteCollectionDocuments/PDF/Accenture_EMR_Markets_Whitepaper_vfinal.pdf)
1. Around the world, electronic medical records (EMRs) and
electronic health records (EHRs) are being implemented to improve
patient care, reduce health care expenses and fundamentally change
the way in which medicine is practiced. The benefits realized by
EMRs in international markets are largely consistent despite vast
variations in health care systems, market structures, competitive
landscapes and regulatory requirements.
2. Market forces will drive growth of global EMR markets at
rates ranging from 6.6 to 9.7 percent across North America, Europe,
Latin America and Asia Pacific. The global market is slated to be
worth $19.7 billion in 2013:
- North America will experience 9.7
percent growth in its EMR market from $7.4 billion in 2010 to $9.8
billion in 2013. With 5,800 hospitals, EMR adoption is beginning to
accelerate due to ARRA incentives and penalties.
- Asia Pacific’s EMR market is expected
to grow at 7.6 percent.
- Europe, Africa and Latin America will
grow at 6.6 percent through 2013 driven by government incentives
and a refresh of EMR systems.
3. Emerging markets may be a primary growth driver globally and
may have the potential to implement innovative technologies, such
as cloud-based EMR solutions.
In addition to the market growth, the US mandate for all health
records to be electronic by 2014 perhaps presents an opportunity
for the Company to re-visit.
Stimulus Package Contains $19 Billion for Health Care Technology
Spending and Adoption of Electronic Health Records
http://www.foley.com/stimulus-package-contains-19-billion-for-health-care-technology-spending-and-adoption-of-electronic-health-records-02-18-2009/
About Us
Caduceus Software Systems Corp. (www.caduceusco.com) is a
software company that specializes in developing an all-in-one
solution for private practitioners and doctors. We are in the
healthcare information management industry. We are headquartered in
the United Kingdom, specifically located in the metropolitan city
of Birmingham. Our company was created as we saw an urgent need for
better patient care throughout the world. General practitioners are
using unsophisticated software which acts as more administrative
than acting as a time saving tool. We are called Caduceus, which is
the well-known insignia used by medical professionals.
Further information on the Company can be found at www.sec.gov
and the company’s website at www.caduceusco.com
Safe Harbor Statement
All statements contained in this press release, other than
statements of historical fact, are forward-looking statements,
including those regarding: Caduceus Software Systems Inc. products,
services, capabilities, performance, opportunities, development and
business outlook, guidance on our future financial results and
other projections or measures of our future performance; the amount
and timing of the benefits expected from strategic initiatives and
acquisitions or from deployment of new or updated technologies,
products, services or applications; and other potential sources of
additional revenue. These statements are based on our current plans
and expectations and involve risks and uncertainties that could
cause actual future events or results to be different than those
described in or implied by such forward-looking statements. These
risks and uncertainties include those relating to: lack of
operating history, transitioning from a development company to an
operating company, difficulties in distinguishing Caduceus Software
Systems Inc. products and services, ability to deploy Caduceus
Software Systems Inc. services and products, market acceptance of
our products and services; operational difficulties relating to
combining acquired companies and businesses; our ability to form
and maintain mutually beneficial relationships with customers and
strategic partners; changes in economic, political or regulatory
conditions or other trends affecting the healthcare, Internet,
information technology and healthcare and pharmaceutical
industries, and our ability to attract and retain qualified
personnel. Further information about these matters can be found in
our Securities and Exchange Commission filings. We expressly
disclaim any intent or obligation to update these forward-looking
statements.
Caduceus Software Systems (PK) (USOTC:CSOC)
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