E-Prescribing Market | New Innovative Trends, Research, Global Share and Growth Factor

A rise in focus on lowering down fraud and abuse of controlled substances, the requirement to reduce escalating healthcare costs, and supportive government initiatives fuel the global e-prescribing market.

On the other hand, expensive systems and issues related to workflow & security impede the growth to some extent. However, untapped potential in emerging nations in Asia-Pacific is expected to create lucrative opportunities in the industry.

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Covid-19 scenario-

• The outbreak of covid-19 led to increase in demand for electronic prescribing solutions, since there's been a steep rise in need for improved patient safety and fewer medication errors often found in handwritten prescriptions.

• This trend is most likely to continue post-pandemic as well, as it aids in evading the hassle of visiting doctors' chambers in person, thereby catering to the social distancing norms as well.

Based on component, the solutions segment held more than four-fifths of the total share of the global e-prescribing market in 2018, and is expected to maintain its dominance during the forecast period.

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This is attributed to the requirement for integration of technological solutions that include healthcare IT and various other modules such as e-prescribing for economic and digital clinical health systems.

However, the services segment is expected to maintain the largest CAGR of 23.3% from 2019 to 2026. This is due to emergence of innovative systems that offer instant care and patient-centric services.

Based on deployment, the web and cloud-based segment accounted for the highest share of the global e-prescribing market, accounting for more than half of the total market in 2018, and is expected to maintain its lead position during the forecast period.

Moreover, this segment is estimated to grow at the fastest CAGR of 23.7% from 2019 to 2026. This is attributed to the need for modern IT infrastructure and focus toward integrating novel technologies into the existing infrastructure. The research also analyzes the on-premise segment.

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Based on region, North America accounted for the highest market share in 2018, accounting for nearly two-fifths of the global e-prescribing market, and is expected to maintain its lead status in terms of revenue by 2026.

This is due to increase in adoption of e-prescription integrated systems and rise in adoption toward advanced healthcare technology products.

However, Asia-Pacific is estimated to portray the largest CAGR of 24.3% from 2019 to 2026, owing to increase in per capita healthcare expenditure along with high population rate in Asia-Pacific countries.

The key market players analyzed in the global e-prescribing market report include Allscripts Healthcare, LLC, Athenahealth, Inc., Cerner Corporation, Change Healthcare, DrFirst.com, Inc., eClinicalWorks, Epic Systems Corporation, Medical Information Technology, Inc., Practice Fusion, Inc., and Surescripts.

These market players have implemented several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.

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