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Global E-Prescribing System Market by Manufacturers, Regions, Type and Application, Forecast to 2021

07-19-2017 12:23 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Global Info Reports

E-Prescribing System

E-Prescribing System

E-Prescribing or electronic-prescribing (e-Rx) is a technology system that comprises of a framework which enables several medical practitioners to write down and send across medical prescriptions to an active pharmacy via electronic medium instead of making use of handwritten or calling in prescriptions or faxed notes. It is the most convenient way of allowing the medical care practitioner to transmit prescriptions directly from the point-of-care to a said pharmacy. This method enhances the safety of patients and the overall quality of care, as there is no manual writing involved and therefore less probability of human errors happening. Moreover, e-prescribing also assists in conducting security checks, summarize the medical lists, and gather the entire historical data of a patient. At very basic level, an e-prescription functions as an electronic reference handbook. More doctored-up e-prescription systems behave as an individual prescription writers. These can generate and refill prescriptions for every patient, alter medications and check for patient history at any given point, get automatically integrated with an electronic medical record (EMR) system, and connect with a pharmacy or other drug dispensing site.

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The Global e-prescribing market was valued at USD 546.5 Million in 2016 and is predicted to attain USD 1,403.2 Million by 2021, thereby registering at a significant CAGR of 20.8% during the forecast period. The main factor promoting the growth of the global e-prescribing system market is several governments’ incentive programs and initiatives implemented in many countries pertaining to the use of prescription system which are highly precise. Other factors such as increase focus on decreasing medical errors, shifting aim on lessening fraud and abuse of controlled substances, along with the demand to curb increasing healthcare costs are fuelling the growth of this market. Additionally, more number of partnerships amongst the network providers and software vendors and abundant untapped regions especially in Asia-Pacific are predicted to promote lucrative growth potential for the manufacturers in the market. Escalating consolidation in this market, increasing specialty prescription and rising need for cloud-based solution are the prime market trends presently. But, unwillingness to adopt novel technologies, higher cost of deployment and security and workflow are the few potential factors that are restricting the growth of this market. Lack of integrated networks and connectivity is also said to hamper the market growth. Lastly, lack of skilled labor to function such enhanced systems, dearth of high-speed broadband services in developing countries, and shortage of laws and regulations which safeguard privacy of patients are all growth hindering factors of this market.

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Based on different regions, this market has been segmented into North America (USA, Canada and Mexico), Europe (United Kingdom, Sweden, Spain, Denmark and Estonia), Asia-Pacific (China, Japan, India and Australia), and Latin America, Middle East and Africa. Based on types, this industry’s market is divided into Stand-alone systems and Integrated systems, and the end-user applications of the E-prescribing system market are office-based physicians and hospitals. The most important market players of the global E-prescribing system market are Surescripts, Henry Schein, Cerner Corporation, HealthFusion, Allscripts, Athenahealth, Bizmatics, EClinicalWorks, Medi-HER, Practice Fusion, and DrFirst.

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Some points from TOC:-

1 Market Overview 1

1.1 E-Prescribing System Introduction 1

1.2 Market Analysis by Type 2

1.2.1 Stand-alone systems 2

1.2.2 Integrated systems 3

1.3 Market Analysis by Applications 4

1.3.1 Hospitals 4

1.3.2 Office-based physicians 5

1.4 Market Analysis by Regions 6

1.4.1 North America (USA, Canada and Mexico) 6

1.4.2 Europe (United Kingdom, Sweden, Spain, Denmark, Estonia) 9

1.4.3 Asia-Pacific (China, Japan, India, Australia) 14

1.4.4 Latin America, Middle East and Africa 18

1.5 Related Policy 21

1.6 Market Dynamics 21

1.6.1 Market Opportunities 21

1.6.2 Market Risk 22

1.6.3 Market Driving Force 22

2 Analysis of E-Prescribing System Industry Key Manufacturers 23

2.1 Surescripts 23

2.1.1 Company Profile 23

2.1.2 Product Information 24

2.1.3 Revenue and Gross Margin 24

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About Global Info Reports:

GIR Market Research is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. GIR Market Research is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the worlds most complete and current database of expert insights on global industries, companies, products, and trends.

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