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.
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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.
What are the Report Highlights?
The report is based on an in-depth analysis of the market and provides a 360-degree overview of the same. It throws light on significant industry developments, current e-prescribing market trends, and other interesting insights into the market. It discusses factors boosting, repelling, challenging, ad creating opportunities for the market during the forecast period. The report also describes the table of segmentation in detail and mentions the names and figures of the leading segments with their attributed factors. For more information on the report, log on to the company website.
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Fragmented Nature of Market to Intensify Future Competition
The market for E-prescribing is dominated by Epic Systems Corporation with its specialization in interoperable technology. This dominance is attributed to the secure network of contacts starting from small to big hospitals such as Health System, UNC Health Care, Duke University, John Hopkins Health System, University of Utah Health Care, and Vanderbilt Health System. Apart from this, the competitive landscape of the e-prescribing market is fragmented in nature due to the presence of many companies. These vendors are adopting strategies such as company collaborations, agreements, and contracts, joint ventures, and others to stay ahead of the competition and attract high e-prescribing market revenue in the forthcoming years.
List of Players operating in this Market include:
- Epic Systems Corporation
- NextGen Healthcare
- Medical Information Technology, Inc. (MEDITECH)
- Practice Fusion, Inc.
- Cerner Corporation
- Allscripts Healthcare, LLC
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