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E-Prescribing Market 2022 Global Projection By Key Players - Henry Schein, Inc., Cerner Corporation, Allscripts, eClinicalWorks- Analysis and Forecast to 2031
E-Prescribing Market 2022-2031
The E Prescribing Market is slated to grow on a stellar note going forward. The current situation is that digitization, which has the capacity of changing the dynamics of any vertical, has made a beeline to the healthcare vertical. The world out there no more depends on references for choosing healthcare services but goes for 360-degree research before arriving at the final decision. This would be the digitized healthcare vertical in the future.
According to a new market report published by Persistence Market Research "Global Market Study on E-Prescribing: North America to Witness Highest Growth by 2019," the global E-Prescribing market was valued at USD 250.2 million in 2019 and is expected to grow at a CAGR of 23.5% from 2019 to 2029, to reach an estimated value of USD 887.8 million in 2029.
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Electronic prescribing or E-Prescribing (e-Rx) is electronic transmission of prescriptions from physician to pharmacists using computer and other mobile devices, such as cell phone and tablets. The global E-Prescribing market is witnessing a significant growth led by various government programs to implement E-Prescribing systems in order to improve quality of healthcare and reduce medication errors. E-Prescribing systems are used in various applications including preparation of complete medication list, data security checks, complete information of formulary and patient historical data.
These advanced features of E-Prescribing are also supporting in growth of E-Prescribing market. Additionally, improved healthcare infrastructure has increased the demand for E-Prescribing system. Moreover, implementation of electronic healthcare records with E-Prescribing system holds immense potential for the growth of E-Prescribing market.
Some of the major players operating in the E-Prescribing market:
Henry Schein, Inc.
Cerner Corporation.
Allscripts.
eClinicalWorks.
DrFirst.
Practice Fusion, Inc.
Surescripts.
HealthFusion, Inc.
Emdeon.
athenahealth, Inc.
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However, high cost of E-Prescribing system and lack of patient privacy and security impede growth of E-Prescribing market. Moreover, lack of high-speed broadband facilities and IT professionals in rural areas are also some of the key restraints for the E-Prescribing market.
Europe holds the largest share in E-Prescribing market. Many eHealth projects in Europe are playing a vital role in the adoption of E-Prescribing system such as European Patient Smart Open Services (epSOS) and Schleswig-Holstein Health Initiative.
However, North America is the fastest growing region in the E-Prescribing market. Increased adoption of E-Prescribing system and improved healthcare infrastructure are major drivers for E-Prescribing market in North America. Moreover, several government initiatives are also promoting the usage of E-Prescribing system such as Health Information Technology for Economic and Clinical Health (HITECH) Act and National Council for Prescription Drugs Program.
In Asia, usage of E-Prescribing system is increasing due to medical infrastructure development and government initiative programs. Growing medical infrastructure has led to improvement in primary healthcare services, village clinics and urban healthcare centers through the adoption of healthcare IT technologies.
The global market of E-Prescribing is segmented as follows:
E-Prescribing Market, By Product Type
Integrated system
Stand-alone system
E-Prescribing Market, By Component
Software
Hardware
Services
E-Prescribing Market, By Delivery Mode
Web-based
On-premise/licensed
Cloud-based
E-Prescribing Market, By Usage Mode
Hand-held device
PC-based
E-Prescribing Market, By End User
Hospital
Office-based physician
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Major Highlights of the E-Prescribing Market Report:
The E-Prescribing Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the E-Prescribing Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
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Persistence Market Research
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NY 10007 United States
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Sales - sales@persistencemarketresearch.com
About us:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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