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Prescription Management Software Market (Deployment - Cloud-based, Web-based, and On-premise; End-user - Hospitals, Pharmacies, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

  • Published : November, 2018

  • Rep Id : HC0707

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Prescription Management Software Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Prescription Management Software Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Prescription Management Software Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on prescription management software market provides an in-depth analysis of segments and sub-segments in the global as well as regional prescription management software market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional prescription management software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global prescription management software market. According to the report, the global prescription management software market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.

 

Market Insight

Prescription management software is a computerized prescription system that manages and records the medication course of the patients. Prescription management software helps doctors or pharmacists to stores all data belonging to a patient in their local database before printing the prescription. By this, doctors are able to see the previous prescription of a patient and change the current medications according to the preceding one. This system allows the user to easily edit data, delete and update the details of patients. Prescription management software is an easy, flexible, reliable and effective management system that aid to improved patients safety.

 

Rapidly growing technological advancements in the healthcare and the pharmaceutical industries are driving the growth of the prescription management software market. In addition, the growing geriatric population and high occurrence chronic diseases across the world creates a huge demand for strong and reliable medication system. In addition, the growing adoption of medication systems from healthcare professionals and pharmacists are anticipated to boost the growth of prescription management software. The various government organizations are investing in the new technologies to ensure the minimum medication error, efficient workflow, and a reliable and user-friendly system are likely to escalate the growth of prescription management software market. However, High implantation cost is hindering the growth of the prescription management market. Moreover, the growing demand for prescription management software’s from the emerging market and high investments in medical automation are projected to create several opportunities in the prescription management software market. The various major players in this market are focusing on the merger and acquisition activity to improve their product portfolios that estimated create growth opportunities for the companies working in the prescription management software market over the forecast period.

 

Among the geographies, North America holds the maximum share in the prescription management software market. High adoption of newly developed systems, the presence of major players and the growing occurrence of chronic disease are driving the growth of prescription management software market in the North America region. In addition, Asia-Pacific is the fastest growing region in the prescription management software market owing to its high demand for au8tomated medication system coupled with the rapidly growing pharmaceutical and healthcare industries. The growing geriatric populations and increasing health care funding support the growth of prescription management software in the Asia-Pacific region.


Prescription Management Software Market

Segment Covered

The report on global prescription management software market covers segments such as deployment, and end-user. On the basis of deployment, the global prescription management software market is categorized into cloud-based, web-based, and on-premise. On the basis of end-user, the global prescription management software market is categorized into hospitals, pharmacies, and others.

 

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-Pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the prescription management software market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global prescription management software market such as McKesson Corporation, HealthCo Information Systems, Claricode, Inc, RxMedic Systems, Inc, ScriptPro LLC, Health Business Systems, Inc, and Cerner Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global prescription management software market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of prescription management software market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the prescription management software market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the prescription management software market to understand the present and future trends in this market and formulate their strategies accordingly.


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