The global “E-Prescribing Market Size” is projected to reach USD 4,017.79 million by 2026 owing to the implementation of e-prescribing software in the electronic health record solutions that simplified prescription filling over the years. E-prescribing or electronic prescribing is a technology substructure that allows physicians and medical practitioners to send computer-based electronically generated prescriptions to a hospital-based or standalone pharmacy. It is also cost-efficient and reduces the chances of medication errors by pharmacists. The market is discussed in details in a recently published report by Fortune Business Insights™ titled, “E-prescribing Market Size, Share & Industry Analysis, By Delivery Mode (Web-based, On-premise), By Prescription Type (Controlled substance, Non controlled Substances) By End User (Hospitals, Physician’s offices, Pharmacies) and Regional Forecast, 2019-2026.” As per this report, the market value was USD 863.64 million in 2018 and is expected to rise at a CAGR of 21.0 % in the forecast duration set between 2019 to 2026.
Highlights of the Report:
- In-depth analysis of various insights, namely, E-Prescribing Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and E-Prescribing Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The E-Prescribing Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
List of Players operating in thisMarket include:
- Epic Systems Corporation
- NextGen Healthcare
- Surescripts
- Medical Information Technology, Inc. (MEDITECH)
- Athenahealth
- eClinicalWorks
- Practice Fusion, Inc.
- Cerner Corporation
- Allscripts Healthcare, LLC
- Others
Market Drivers
Better Medical Record-Keeping Factor with Electronic-Prescription Solutions to Add Impetus to Market
The increasing adoption of e-prescription based electronic health record (EHR) solutions on a global basis is the key factor boosting the e-prescription market growth. Besides this, electronic prescription system offers better medical history records than handwritten prescriptions. It cannot be forged or exploited, thereby adding to the growth of the market in the forthcoming years. Additionally, rising initiatives taken by both public and private healthcare organizations to integrate e prescribing solutions and eliminate the use of adverse drug events (ADEs) and medical errors will also help to aid in the expansion of the market in the forecast period.
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Regional Segmentation:
North America Dominating Market with Increasing Digitization in Healthcare Sector
Based on geographical segmentation, the market is dominated by North America, with a USD 399.61 million e-prescribing market share earned in 2018. Factors responsible for this dominance include the rise in digitalization in the healthcare sector and government-supported reimbursement policies with the flexible regulatory scenario. Additionally, the increasing funding from public and healthy private organizations with integrated adoption of EHR will help this region continue dominating the market in the coming years. On the other side, the market in Asia Pacific will witness exponential growth on account of the rising penetration of players in this region, especially in the emerging economies of China and India. Additionally, the increasing awareness about healthcare facilities and its associated benefits, coupled with the rising prevalence of chronic disorders, will help the market in the Middle East and Africa, witness stable growth.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
4.1 Recent Industry Developments Such as Mergers & Acquisitions
4.2 Regulatory Scenario for Key Countries
4.3 Technological Advancements Pertaining to E-prescribing Solutions
4.4 Data on EHR Adoption for Key Countries
4.5 Key Industry Trends
4.6 New Product Launch
- Global E- prescribing Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Delivery Mode
5.2.1 Web-based
5.2.2 On-premise
- Market Analysis, Insights and Forecast – By Prescription Type
5.3.1 Controlled substance
5.3.2 Non Controlled substance
- Market Analysis, Insights and Forecast – By End User
5.4.1 Physician’s Office
5.4.2 Hospitals
5.4.3 Pharmacies
- Market Analysis, Insights and Forecast – By Region
5.5.1 North America
5.5.2 Europe
5.5.3 Asia Pacific
5.5.4 Latin America
5.5.5 Middle East & Africa
- North America E- prescribing Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Delivery Mode
6.2.1 Web-based
6.2.2 On-premise
- Market Analysis, Insights and Forecast – By Prescription Type
6.3.1 Controlled substance
6.3.2 Non Controlled substance
- Market Analysis, Insights and Forecast – By End User
6.4.1 Physician’s Office
6.4.2 Hospitals
6.4.3 Pharmacies
- Market Analysis, Insights and Forecast – By Country
6.5.1 U.S.
6.5.2 Canada
TOC Continued…
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential E-Prescribing Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the E-Prescribing Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the E-Prescribing Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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