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.
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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.
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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