Transparency Market Research presents this most up-to-date research on “E-Prescribing Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”
Globally, the E-Prescribing market is witnessing significant growth led by various government programs to implement E-Prescribing systems in order to improve quality of healthcare and reduce medication errors. The E-Prescribing system is 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 some of the key driving factors for the 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 the market. The global E-Prescribing market was valued at USD 250.2 million in 2013 and is likely to grow at a CAGR of 23.5% from 2013 to 2019 to reach USD 887.8 million by 2019.
The report provides in-depth analysis and estimation of the E-Prescribing market from 2014 to 2019, considering 2013 as the base year for calculation. Additionally, data pertaining to current E-Prescribing market dynamics including market drivers, restraints, trends and recent developments have been provided in the report. The global E-Prescribing market is categorized based on product type, components, delivery mode, usage mode, end users and geography. The product type segmentation is further sub-segmented into integrated and stand-alone system. The component segment comprises software, hardware and services. The delivery mode segmentation is further sub-segmented into web-based, on-premise/licensed and cloud-based. The usage mode segmentation comprises PC-based and hand-held device. The end users segment is further sub-segmented into hospital and office-based physician.
Under geographic analysis, the report identifies and analyses the E-Prescribing market size and forecast for Europe, North America, Asia and Rest of the World (RoW). Major players operating in the E-Prescribing market are Henry Schein, Inc., Cerner Corporation, Allscripts, Emdeon and athenahealth, Inc. These key market players have been profiled based on attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.
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Key segments of the Global E-prescription Market
Global E-prescription Market, by Product Type
Global E-prescription Market, by Component
Global E-prescription Market, by Delivery Mode
Global E-prescription Market, by usage mode
Global E-prescription Market, by end user
The global e-prescription market provides solutions that enhance the efficiency of medical practice. E-prescription systems improve not only the rate of delivering medical attention, but can also improve the overall quality of healthcare and help maintain accurate drug utilization systems.The global e-prescription market can also help with the co-pay data, displaying dispensers and other providers with data on total drug coverage, and formulary alternatives.
One of the major restraints on the global e-prescription market is the non-availability of integrated networks and connectivity. This proves to be a major hindrance to the global e-prescription market and prevents it from being successfully introduced in the related countries.Other restraints currently affecting the global e-prescription market are the high cost of operation, the absence of high-speed broadband services in developing nations, the absence of skilled labor for operating e-prescription systems, and the absence of laws and regulations that protect patient privacy.
From a regional perspective, the global e-prescription market has largely benefitted from the activities in Europe. This region held the largest share of the global e-prescription market for 2012. Large-scale implementation of e-prescription systems was possible in Europe through the efforts of eHealth projects, including European Patient Smart Open Services and Schleswig-Holstein Health Initiative. On the other hand, the fastest growth rate in the global e-prescription market is currently held by North America due to a rapidly developing regional healthcare infrastructure.
The report sheds light on the developments in the Asia Pacific e-prescription market, which is using these systems at an increasing rate, thanks to the rapid development of the healthcare infrastructure. There is a growing number of rural and urban clinics, primary healthcare services, and urban healthcare centers, aiding a faster rate of adoption of e-prescription solutions and other healthcare IT technologies.Key players in the global e-prescription market are eClinicalWorks, DrFirst, Practice Fusion, Inc., HealthFusion, Inc., Athenahealth, Inc., Henry Schein, Inc., and Cerner Corporation.
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