E-Prescribing Market Overview, Development Factors, Business Strategies and Forecast 2022-2027
E-prescribing or electronic prescribing refers to the process of producing and sharing prescriptions from physicians to pharmacists via computer-based solutions.
According to IMARC Group latest report titled “E-Prescribing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on E-Prescribing market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global e-prescribing market is expected to exhibit a CAGR of 22.3% during 2022-2027.
E-prescribing or electronic prescribing is the prescriber's ability to electronically send an accurate, error-free, and understandable prescription directly to a pharmacy from the point of care. It is explicit and transparent in terms of prescribing treatment and dosage. It provides notifications to prescribers about allergies, potential drug interactions, duplicate therapies and pregnancy, and other issues that would be contraindicated for a patient when taking a particular medication. It also helps doctors track whether patients are adhering to prescribed medication and /treatment. Moreover, several associated benefits of these solutions, such as improved patient safety and health care quality by checking for drug interactions and reducing medication errors, are catalyzing the market growth.
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The global market is majorly driven by the increasing adoption of EHR solutions. In line with this, the rising focus on reducing the abuse of controlled substances, medical errors, and the need to curtail the escalating healthcare costs are significantly contributing to the market growth. Furthermore, key players in the EHR market are integrating the telehealth features with their existing solutions due to the advantages telehealth consultations offer, such as increased patient engagement in remote monitoring and reduced overhead costs. Apart from this, the deployment of the web- and cloud-based solutions is creating a positive outlook for the market as it offers improved performance and reliability by avoiding long deployment cycles. Moreover, several associated benefits of these solutions, such as improved patient safety and health care quality by checking for drug interactions and reducing medication errors, are catalyzing the market growth. Besides this, the growing adoption of these systems in various medical facilities is propelling the market growth. Additionally, increasing initiatives to eliminate adverse drug events (ADEs) and medical errors are providing a boost to market growth.
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Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Cerner Corporation
- Computer Programs and Systems Inc.
- com Inc.
- Epic Systems Corporation
- Henry Schein Inc.
- Medical Information Technology Inc.
- Nextgen Healthcare Inc.
- Surescripts LLC
E-Prescribing Market Segmentation:
Our report has categorized the market based on region, component, delivery mode, specialties and end use.
Breakup by Component:
Breakup by Delivery Mode:
Breakup by End User:
- Office-Based Physicians
Breakup by Specialties:
- Sports Medicine
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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