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
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
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.