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.
The report covers:
- Global E-prescribing Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
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Leading Players operating in the E-prescribing Market are:
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 e prescribing companies operating are:
- 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.
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