E-prescribing Market Booming Worldwide With Boosing CAGR By 2025 | Cerner Corporation, NextGen Healthcare, Inc., eClinicalWorks
The E-prescribing Market is estimated to register a CAGR of about 18.8% over the forecast period.
Medical prescriptions are the written instructions by which physicians recommend and authorize the patients for purchasing and using prescription medicines and treatments.
- Errors in prescription can creep in due to a variety of reasons, like the pharmacist's lack of knowledge and skill, and miscommunication between nurses and doctors, among others.
- Among medication errors, prescription errors are one of the major causes of concern for healthcare professionals, globally. Moreover, according to the General Medical Council (GMC) 2018 report, in the United kingdom, prescribing errors and faults were reported in about 9%-15% of medication orders for hospital inpatients.
Top Companies: Cerner Corporation, NextGen Healthcare, Inc., eClinicalWorks, Veradigm (Allscripts Healthcare Solutions Inc), and eMDs, Inc are, among others.
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Scope of Report: E-prescribing Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Key Market Trends
Stand-alone E-prescribing System Segment is Expected to Hold a Major Market Share in the E-prescribing Market
- The stand-alone e-prescribing system is an independent single entity system used for e-prescribing drugs to patients.
- This system runs on software that acts a single mode, through which doctors or physician prescribe drugs to patients on an electronic platform.
- Stand-alone e-prescribing applications are cheaper and easier to install than integrated systems. However, stand-alone applications may not have all of the functionality you will find in an e-prescribing module that is linked to an EMR.
- Stand-alone applications may require the double entry of any clinical data. This requires additional work and risks of additional errors increases, thus slowing down the entire process.
- Applications of the stand-alone systems are slowly being phased out from the healthcare IT sector as they are being replaced by integrated ones, which are more efficient and effective.
- According to the Cittadinanzattiva survey report, in Italy about 57.5% of malpractice was caused by presumed mistakes during treatments in 2017.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. In the North America region, the United States holds the largest market share which is mainly due to the government initiatives and incentive programs to promote the E-prescribing system, and rising demand for E-prescribing system in the United States. For instance, as per the SUPPORT for Patients and Communities Act, which the United State Congress passed in 2018, requires use of e-prescription for all the controlled substances, is to be under Medicare Part D by Jan 2021.
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Regional Analysis: For a comprehensive understanding of market dynamics, the global E-prescribing Market is analyzed across key geographies namely: United States, China, Europe, Japan, Middle East & Africa, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
Influence of the E-prescribing Market report:
-Comprehensive assessment of all opportunities and risks in the E-prescribing Market.
– E-prescribing Market recent innovations and major events.
-A detailed study of business strategies for the growth of the E-prescribing Market-leading players.
-Conclusive study about the growth plot of the E-prescribing market for forthcoming years.
-In-depth understanding of E-prescribing Market -particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the E-prescribing Market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global E-prescribing Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Finally, The E-prescribing Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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