E-prescribing (e-Rx) Market Analysis, Business Development, Size, Share, Trends, Future Growth, Forecast to 2030

The global e-prescribing (e-Rx) market is anticipated to amplify with a significant CAGR over the forecast period of 2022-2030.

The electronic delivery of a prescription for a medication to a pharmacy using EHR technology or a standalone electronic prescribing suite is known as e-Prescribing (eRx). The use of eRx has the potential to improve prescribing efficiency and safety in several ways, including a potential reduction in the number of calls made by pharmacists to clarify prescriptions, a decreased likelihood of incorrect script filling, and clinician notifications of potential drug interactions at the point of care. As part of the CMS' Merit Based Incentive Payment System, eligible clinicians (ECs) must electronically prescribe (MIPS). For further information about MIPS, see the section below.

Furthermore, a number of states and significant pharmacy chains now demand that doctors use eRx for all prescriptions. Visit MD Toolbox, which features an interactive map, to determine whether your state now requires eRx. To read the appropriate eRx legislation and regulations, simply click on your state. If this is a concern or issue for you, you may also check with your District Branch.

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While state-by-state regulations differ, Medicare Part D participants must start using e-prescribing for the prescription of restricted medications by January 1, 2023. Due to a number of obstacles preventing more people from using e-prescribing, APA has already asked CMS to ease some of the regulations.
Benefits of Electronic Prescription

e-Prescriptions can:

• By lowering medication errors and monitoring for drug interactions, you can boost patient safety and the quality of healthcare provided.

• Facilitate care by enabling medical professionals to electronically request prescription refills.

For doctors, pharmacists, and patients in general, e-Prescribing is more practical, more affordable, and more secure.

Global E-Prescribing (e-Rx) Market- Key trends

Emergence of the COVID-19 pandemic is aiding industry expansion

The onset of the COVID-19 pandemic brought about new transformations in the healthcare sector. Various governments pushed the adoption of EHR solutions as a measure to reduce the escalating healthcare costs. Moreover, the use of e-prescriptions also reduced the physical contact between the practitioner and pharmacists, thereby keeping the coronavirus infection rates at bay. This in turn is adding traction to the growth of this market vertical.
Global E-Prescribing (e-Rx) Market- Segmental assessment

By Production
• Solutions
• Services

By Delivery Mode
• Web/Cloud Based
• On Premise

The web/cloud based segment is likely to generate a high volume share over the analysis timeline owing to their ease of deployment and cost effectiveness.

By End Use
• Hospitals
• Office based Physicians
• Pharmacy

By Usage Methods
• Handheld
• Computer based devices

The handheld segment is reckoned to grow considerably over the forecast period attributing to the ease of use and affordability of handheld devices.

By Substances
• Controlled
• Non-Controlled

The controlled segment is anticipated to garner significant returns by 2030 due to the growing incidences of drug abuse across the globe.

By Specialties
• Oncology
• Sports Medicine
• Neurology
• Cardiology
• Others
The oncology segment is poised to amass notable gains over the stipulated timeline owing to the growing prevalence of cancer worldwide.

Global E-Prescribing (e-Rx) Market- Competitive hierarchy
The prominent players characterizing the competitive terrain of this business vertical are Epic Systems Corporation (US), Cerner Corporation (US), Allscripts (US), NextGen Healthcare (US), athenahealth, Inc. (US), RelayHealth, LLC (US), Henry Schein, Inc. (US), GE Healthcare (US), Computer Programs and Systems, Inc. (US), DrFirst, Inc. (US), Surescripts-RxHub, LLC (US), and Medical Information Technology, Inc.Notably, in June 2019, Allscripts announced the acquisition of ZappRx to enhance its offerings in the field of EHR solutions.

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