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E-Prescribing Systems Market Share

ID: MRFR//4155-HCR | 105 Pages | Author: Rahul Gotadki| April 2024

Electronic prescribing system companies appreciate pharmacy network collaboration. Successful providers make their systems compatible with many pharmacists. This allows doctors to send orders to the patient's chosen pharmacy online, speeding up prescription fulfillment.
EHR integration is crucial for market positioning. Electronic health record-compatible e-prescribing solutions help keep patient records complete. This simplifies patient prescription monitoring and improves healthcare organization.
Businesses stress the need of electronic prescribing systems having accurate, up-to-date prescription listings. To help doctors choose prescriptions, they must update the system with the latest drug, dose, and combination information.
To stand out in the professional market, providers must embrace clinical decision support technology. E-prescribing technologies let doctors make safer, more educated medication combinations, dose modifications, and allergic reaction choices.
For broad adoption, electronic prescription needs easy-to-use technologies for doctors. Businesses invest on user-friendly designs and efficient processes. This reduces medical entry mistakes, and the program is easy to incorporate into healthcare practitioners' practices.
Successful market participants invest in patient engagement. Electronic prescribing systems that provide tools for taking medications as prescribed, prescription notifications, and educational materials give patients more control over their health care, which improves health outcomes over time.
Businesses provide mobile e-prescribing because they know people need to be autonomous. This allows medical practitioners to deliver prescriptions on the fly, making them more flexible and responsive to healthcare needs.
Patient health data is sensitive, hence strict security measures are needed. E-prescribing solutions protect patient data with access controls, improved security, and compliance with healthcare data protection laws.
Businesses prioritize health plan and medication formulary integration. Electronic prescribing systems that supply doctors with pharmaceutical formularies and insurance coverage may help them write cost-effective, insurer-covered prescriptions.
Businesses provide ongoing training and support because they know users need the right skills. These classes help healthcare practitioners stay updated on electronic prescription systems. This assures proper system utilization and minimum prescription mistakes.
Businesses market their electronic prescribing solutions as important to telehealth services because telemedicine is rising in importance. This contains capabilities that simplify remote prescription writing during video sessions. This streamlines the prescription process.
Scalability is crucial to market positioning. Companies provide computerized prescribing systems that may be customized for office and hospital environments. This makes them versatile and appealing to a wide range of clientele.
Businesses seek permits and rules to meet their requirements. Electronic prescription systems gain market credibility by following EPCS rules.
Addressing cost concerns is a common market strategy. Some companies provide inexpensive and useful electronic prescription options to make the technology more accessible to healthcare practitioners.
Market leaders penetrate new areas and expand in current ones to grow their consumer base. To expand the market, one must grasp local healthcare needs and legal regulations, as well as how to modify electronic prescription systems to meet worldwide standards.

E-Prescribing Systems Market Scenario:


The e-prescribing systems market is expected to reach USD 1.76 Billion by 2030 at 23.4% CAGR during the forecast period 2022-2030. E-prescribing or electronic prescribing is a technology that helps in the generation and electronic transmission of prescriptions from a physician to pharmacists. E-prescribing helps in improving the safety and quality of patient care and enable access to patient history to ensure better care.


The E-Prescribing systems market is estimated to register a healthy growth. The market is majorly driven by the increasing government initiatives and incentive programs to improve quality of healthcare, to cut healthcare cost, and reduce prescription errors. Additionally mandate healthcare programs and projects in the developed countries are propelling the growth of the market.


Segments  


The E-Prescribing systems market is segmented on the basis of system type, mode of delivery, component, and end users.


On the basis of the system type, the market is segmented as Stand-alone system, and Integrated system.


On the basis of mode of delivery, the market is segmented into Cloud-based, Web-based, and on-premise.


On the basis of by component, the market is segmented into Software, Hardware, and Services.


On the basis of end user, the market is segmented into Hospitals, Clinics and Pharmacy.


Figure: Global E-prescribing systems market, by region, 2017 (%)


 E-prescribing systems


Source: World Health Organization, Centers for Disease Control and Prevention, expert interview, market research future analysis, annual report, white paper, company presentation


Regional Analysis


North America holds the maximum share of e-prescribing systems market in the Americas region. On a regional basis, the Americas is segmented into North America and South America. North America is segmented into the U.S. and Canada. Rising government initiatives and funding has increased the scope of the market in North America.


Europe accounts for a healthy market share due to factors such as rising healthcare networks and healthcare related projects. Growing healthcare expenditure and infrastructure is driving the e-prescribing systems market in Europe. For instance, adoption of the European Patient Smart Open Services in 2013, has led to the electronic submission of patient summaries and prescription.


Asia Pacific is the expected to register the fastest growth rate for the market. The high growth rate is attributed to rising healthcare organizations, growing healthcare programmes, and projects to enhance patient care and safety. Additionally, active inclination towards digitization to reduce human errors and frauds, increasing healthcare expenditure, and demand for new technology is fuelling the market growth.


The Middle East & Africa is expected to show slow growth in the market . Major factors that are likely to hamper the growth are lack of awareness regarding patient management software, and  limited access and availability of treatment facilities. In the Middle East, United Arab Emirates  has garnered the largest market share owing to the development of healthcare infrastruture and rising number of specialty care centers.


Key Players    


Some of the key players in the e-prescribing systems market are Aprima, Cerner Corporation, eClinicalWorks, Practice Fusion, Inc., eMDs, Inc., Surescripts , Allscripts, iMedX Inc., Athena health Inc., and Henry Schein e-prescribe.


Intended Audience



  • Pharmaceutical Manufacturers and Suppliers

  • Medical Research Laboratories

  • Research and Development (R&D) Companies

  • Market Research and Consulting Service Providers

  • Potential Investors

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