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E-Prescribing Market: Market Segments: By Product (Solutions and Services); By Delivery Mode (Web/Cloud Based and On Premise); By End User (Hospitals, Office-based Physicians and Pharmacy); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Electronic prescribing is a system that makes it possible for prescribers to directly deliver medications to the pharmacy. It plays a key role in maximizing the quality of patient care by reducing mistakes and sending the pharmacy a correct prescription. E-Prescribing is much cheaper, faster and safer for hospitals, physicians and patients and helps preserve and improve the quality of patients' health care.
Market Highlights
E-Prescribing Market is expected to project a notable CAGR of 23.5% in 2030.
E-Prescribing Market to surpass USD 3.5 billion by 2030 from USD 1.1 billion in 2019 at a CAGR of 23.5% throughout the forecast period, i.e., 2020-30. The global demand for e-prescription is primarily driven by rising e-prescription adoption in healthcare systems.
E-Prescribing Market: Segments
Services segment to grow with the highest CAGR of 12.3% during 2020-30
E-Prescribing Market is segmented by products as solutions and services. Based on products, the Solutions segment held the leading position with a market share of around XX.X% in the E-Prescribing market in 2019 owing to growing penetration and high cost of the software. The service segment is expected to expand over the forecast period at a significant pace.
E-Prescribing Market: Market Dynamics
Drivers
Rising Demand for E-prescription System
Key factors driving the demand for such solutions are rising government funding for the implementation of EHR solutions and the need to minimise the escalating cost of health care. In addition, the worldwide COVID-19 epidemic has led to a greater number of patients in hospitals and the need to better monitor patient records. The need for these solutions is expected to further drive the market in coming years.
Restrain
High cost of E-Prescribing systems
Despite their advantages, due to the extreme high costs involved, end consumers remain reluctant to implement e-prescribing solutions. Costs are not limited to the one-time purchase of a device, but can include ongoing costs such as implementation services, maintenance and support services, e-prescribing integration of EHR/EMR, and training and education in some cases.
E-Prescribing Market: Key Players
• Allscripts Healthcare, LLC
• Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Athenahealth, Inc.
• Cerner Corporation
• Change Healthcare
• DrFirst.com, Inc.
• eClinicalWorks
• Epic Systems Corporation
• Medical Information Technology, Inc.
• Practice Fusion, Inc.
• Surescripts
E-Prescribing Market: Regions
E-Prescribing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
E-Prescribing Market in North America held the largest market share of XX.X% in the year 2019 and it is expected to continue its market dominance in the future owing to high number of government initiatives and incentives in the region. Europe is the second largest market for e-prescription software owing to the strict regulatory policies in European countries to prevent medical errors. In addition, EU initiatives are further anticipated to lead to growth. Furthermore, the main reasons leading to the overall market growth are favorable government initiatives at country level, such as incentive programs and strict regulations on handwritten prescriptions due to the possibility of medical errors.
E-Prescribing Market report also contains analysis on:
E-Prescribing Market Segments:
By Product:
• Solutions
o Integrated Solutions
o Standalone Solutions
• Services
o Support
o Implementation
o Training
o Network
By Delivery Mode:
• Web/Cloud Based
• On Premise
By End-User:
• Hospitals
• Office-based Physicians
• Pharmacy
• E-Prescribing Market Dynamics
• E-Prescribing Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on E-Prescribing Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the E-Prescribing Market?
· What could be the challenging factors in the growth of E-Prescribing Market?
· What are the growth drivers for the E-Prescribing Market?
Product Overview
Electronic prescribing is a system that makes it possible for prescribers to directly deliver medications to the pharmacy. It plays a key role in maximizing the quality of patient care by reducing mistakes and sending the pharmacy a correct prescription. E-Prescribing is much cheaper, faster and safer for hospitals, physicians and patients and helps preserve and improve the quality of patients' health care.
Market Highlights
E-Prescribing Market is expected to project a notable CAGR of 23.5% in 2030.
E-Prescribing Market to surpass USD 3.5 billion by 2030 from USD 1.1 billion in 2019 at a CAGR of 23.5% throughout the forecast period, i.e., 2020-30. The global demand for e-prescription is primarily driven by rising e-prescription adoption in healthcare systems.
E-Prescribing Market: Segments
Services segment to grow with the highest CAGR of 12.3% during 2020-30
E-Prescribing Market is segmented by products as solutions and services. Based on products, the Solutions segment held the leading position with a market share of around XX.X% in the E-Prescribing market in 2019 owing to growing penetration and high cost of the software. The service segment is expected to expand over the forecast period at a significant pace.
E-Prescribing Market: Market Dynamics
Drivers
Rising Demand for E-prescription System
Key factors driving the demand for such solutions are rising government funding for the implementation of EHR solutions and the need to minimise the escalating cost of health care. In addition, the worldwide COVID-19 epidemic has led to a greater number of patients in hospitals and the need to better monitor patient records. The need for these solutions is expected to further drive the market in coming years.
Restrain
High cost of E-Prescribing systems
Despite their advantages, due to the extreme high costs involved, end consumers remain reluctant to implement e-prescribing solutions. Costs are not limited to the one-time purchase of a device, but can include ongoing costs such as implementation services, maintenance and support services, e-prescribing integration of EHR/EMR, and training and education in some cases.
E-Prescribing Market: Key Players
• Allscripts Healthcare, LLC
• Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Athenahealth, Inc.
• Cerner Corporation
• Change Healthcare
• DrFirst.com, Inc.
• eClinicalWorks
• Epic Systems Corporation
• Medical Information Technology, Inc.
• Practice Fusion, Inc.
• Surescripts
E-Prescribing Market: Regions
E-Prescribing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
E-Prescribing Market in North America held the largest market share of XX.X% in the year 2019 and it is expected to continue its market dominance in the future owing to high number of government initiatives and incentives in the region. Europe is the second largest market for e-prescription software owing to the strict regulatory policies in European countries to prevent medical errors. In addition, EU initiatives are further anticipated to lead to growth. Furthermore, the main reasons leading to the overall market growth are favorable government initiatives at country level, such as incentive programs and strict regulations on handwritten prescriptions due to the possibility of medical errors.
E-Prescribing Market report also contains analysis on:
E-Prescribing Market Segments:
By Product:
• Solutions
o Integrated Solutions
o Standalone Solutions
• Services
o Support
o Implementation
o Training
o Network
By Delivery Mode:
• Web/Cloud Based
• On Premise
By End-User:
• Hospitals
• Office-based Physicians
• Pharmacy
• E-Prescribing Market Dynamics
• E-Prescribing Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on E-Prescribing Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the E-Prescribing Market?
· What could be the challenging factors in the growth of E-Prescribing Market?
· What are the growth drivers for the E-Prescribing Market?
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
