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e-Prescribing Market: Opportunities and Challenges

11-07-2019 07:13 AM CET | Health & Medicine

Press release from: MarketsandMarkets

E-prescribing Market

E-prescribing Market

The global e-prescribing market is projected to reach USD 1,403.2 Million by 2021 at a CAGR of 20.8% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=910

Services industry to provide opportunities for revenue generation

Given the support for and favourable environment for the implementation of e-prescribing solutions, it is expected—particularly in the U.S.—that their use will become widespread and an integral part of the healthcare system, in the years to come. As the market becomes saturated, the focus can be expected to shift from sales to the provision of support services. As healthcare providers will have already adopted e-prescribing software, EHRs, & EMRs, companies will have to provide services to generate secondary revenue. For many companies, this secondary revenue is built into their contracts (maintenance and support services). For others, secondary revenues will come from the additional products they market to existing customers.

This shift from software sales to the provision of support & maintenance services is a key area of opportunity for vendors in the e-prescribing market.

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Lack of technological awareness among end users

E-prescribing solutions operate at maximum efficiency only when integrated with EHRs and a complimentary suite of other HCIT solutions. However, most physicians and end users lack the knowledge and technological expertise to understand how to make full use of e-prescribing. For instance, it may be difficult for end users to select the most effective combination of hardware and software components while implementing any e-prescribing solution.

This aspect carries weight, as using complementary components can help reduce overall costs incurred, while increasing workflow efficiency. However, limited access to expert opinion and trained IT professionals can pose challenges for end users in selecting the appropriate e-prescribing solution for their practice. This issue, therefore, has a direct impact on the end user’s decision to adopt an e-prescribing solution in the first place. As such, it can be held as a challenge to the growth of the market.

Read More in Detailed: https://www.marketsandmarkets.com/Market-Reports/e-prescription-systems-market-910.html

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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