BIRMINGHAM, England, Apr 24, 2012 (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.
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
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