Request Discount

E-prescribing Market (Product - Integrated Solutions, Standalone Solutions, and Service; Delivery Mode - Web, Cloud, and On-premise; End User - Hospital, Office-based Physicians, and Pharmacy): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2020

  • Rep Id : ICT1429

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on E-prescribing market provides an in-depth analysis of segments and sub-segments in the global as well as regional E-prescribing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional E-prescribing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global E-prescribing market. According to the report, the global E-prescribing market is projected to grow at a CAGR of 22.10% over the forecast period of 2020-2026.

 

Market Insight

Electronic Prescribing (E-prescribing) is an application that sends patients or end users prescriptions electronically from their computer to chosen pharmacies. The primary goal of E-prescribing models in an EHR or HIT systems are efficient transmission and receipt of complete, accurate, and unambiguous prescription orders that help optimize pharmacy processing and fulfillment, thereby eliminating disruptions in workflow and delays in patient care. E-prescribing solutions are widely adopted among the healthcare industry due to its benefits such as improved patient safety, fewer medication errors due to handwritten prescriptions, fewer medication errors due to misunderstanding phoned-in prescriptions, and less risk of lost or misplaced written prescriptions.

 

The global E-prescribing market has been witnessing substantial growth since the past few years owing to the numerous governments taking active efforts in improving healthcare infrastructure. E-prescribing systems are widely used in the preparation of complete medication lists. Moreover, they also aid data security checks and the extraction of complete information about patient history and formulary. Furthermore, the global E-prescribing market is gaining traction owing to increasing applications in healthcare and substantial support from governments across the world. The increasing need for improved healthcare quality and minimized medication errors is another key driver anticipated to fuel the market growth during the prediction period. A large number of medical and healthcare centers and hospitals in developing economies are increasingly implementing electronic health record systems (EHRs), which will further bolster the demand for E-prescribing.On the other hand, higher initial costs and risks associated with the security and privacy of patients’ data are the factors hampering the growth of the market. Additionally, the current concern over the spread of coronavirus is also expected to have a positive impact on the E-prescribing market owing to enforce of lockdown and social distancing in several countries. E-prescription is a new smart way of managing and maintaining the manual procedure of writing a prescription. The electronic prescription service sends prescriptions from a general practitioner to a pharmacy without the necessity for a paper copy; which means the patient would not need to come to the practice to collect it. This would be a very significant service if the community and the practice are affected by Covid-19 epidemic and there is a need for isolation and social distancing.

 

The global E-prescribing market has been regionally segmented into the geographies of North America, Europe, Asia Pacific, and RoW. From a regional perspective, the North America region is expected to dominate the market, attributed to higher adoption of electronic prescribing systems to support the increasingly sophisticated healthcare infrastructure. Furthermore, the global market for E-prescribing has largely benefitted from the numerous activities in the Europe region. Large-scale implementation of e-prescription systems was made possible in Europe through the efforts of several eHealth projects, comprising Schleswig-Holstein Health Initiative and European Patient Smart Open Services. Furthermore, the Asia Pacific region is expected to witness a high growth during the forecast period owing to the strengthening of healthcare services and the advancement of the information technology in this region.

 

Segment Covered

The report on the global E-prescribing market covers segments such as product, delivery mode, and end user. On the basis of product, the sub-markets include integrated solutions, standalone solutions, and service. On the basis of delivery mode, the sub-markets include web, cloud, and on-premise. On the basis of end user, the sub-markets include hospital, office-based physicians, and pharmacy.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Cerner Corporation, GE Healthcare, Allscripts Healthcare, LLC, Athenahealth, Inc., Change Healthcare, DrFirst.com, Inc., Quality Systems, Inc., Epic Systems Corporation, Medical Information Technology, Inc., and RelayHealth 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 growth in this 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 E-prescribing market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the 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.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount