A new Transparency
Market Research report states that the global e-prescribing market
stood at US$250.2 mn in 2013 and is expected to reach US$887.8 mn by
2019, rising at a whopping 23.50% CAGR between 2013 and 2019. The
title of the report is “E-prescribing Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
Report Overview @
https://www.transparencymarketresearch.com/e-prescribing-market.html
E-prescribing or
electronic prescribing is a process involving the electronic
generation and sending of prescription orders for the convenience of
medical practitioners or physicians, allowing them to transmit
prescriptions directly from the point of care to a pharmacy.
E-prescribing enhances the safety of patients and the quality of
care, since there is no manual writing involved and thus there is
less probability of prescription errors. In addition, e-prescribing
also helps conduct security checks, encapsulate medical lists, and
compile the complete historical data of a patient.
As per the report,
the increasing initiatives taken by governments globally and the
enhanced quality of healthcare are amongst the key factors boosting
the e-prescribing market. In addition, the reduction in prescription
errors will also drive the adoption of this technology, hence
propelling the development of the market.
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Furthermore,
e-prescribing systems are being introduced with advanced features,
stimulating the growth of the market. The integration of
e-prescribing systems with electronic health records is a chief
opportunity in the market. On the other hand, the soaring costs of
e-prescribing systems and the risk of insufficient patient security
and privacy are the factors that may inhibit the growth of the
market. In addition, the absence of IT professionals and lack of
high-speed broadband facilities within remote areas may also create a
negative impact on the development of the market for e-prescribing.
On the basis of
product type, the report segments the market into stand-alone systems
and integrated systems. Amongst these, integrated systems are
currently the largest segment of the global e-prescribing market. In
terms of component, the market is segmented into hardware, software,
and services. Of these, software is currently the largest segment
within the e-prescribing market. On the other hand, the segment of
services is the most expeditiously developing segment of the market.
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By delivery mode,
the report segments the e-prescribing market into on-premise or
licensed, web-based, and cloud-based e-prescribing systems. Amongst
these, web-based e-prescribing is the biggest delivery mode in the
market. On the other hand, cloud-based e-prescribing is the most
swiftly developing delivery mode in the market.
By usage mode, the
market is categorized into hand-held devices and PC-based
e-prescribing systems. Amongst these, hand-held devices are leading
the market at present. By end user, the report segments the market
into office-based physicians and hospitals. The usage of
e-prescribing systems is currently higher in hospitals as compared to
their usage by office-based physicians. However, it has been
predicted that in the coming years, e-prescribing systems will be
employed more by office-based physicians than hospitals.
By geography, the
e-prescribing market is segmented into Asia, Europe, and North
America. Amongst these, Europe leads the market currently. On the
other hand, North America emerged as the most rapidly growing market
for e-prescribing systems. The extensive adoption of e-prescribing
systems and the advanced healthcare infrastructure are the major
factors fuelling the growth of the market in North America. In
addition, a number of government initiatives, such as the National
Council for Prescription Drugs Program in 1977 and the Clinical
Health (HITECH) Act in 2009, have also augmented the growth of the
market.
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As per this report,
the major players operating in the market are Henry Schein, Inc.,
Cerner Corporation, Allscripts, Emdeon and athenahealth, Inc.
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