Global E-Prescribing Market by Product (Integrated Solutions, Standalone Solutions, Service (Support, Implementation, Training, Network)), Delivery Mode (Web, Cloud, On-premise), & End User (Hospital, Office-based Physicians, Pharmacy), Global Opportunity Analysis and Industry Forecast, 2020-2027
Global E-Prescribing Market Definition:
E-prescribing, or electronic prescribing is a health care technology framework that allows physicians and other medical practitioners to write and send prescriptions to a participating pharmacy in an electronic format instead of using written prescriptions. E-prescribing increases patient safety, and prescription accuracy, and reduces costs. Also, offers electronic connectivity between clinicians and pharmacies in real time and bi-directionally.
Global E-Prescribing Market Analysis:
The global E-prescribing market is expected to register a lucrative CAGR in the forecast period of 2020-2027. The report contains data from the base year 2019 and historic 2018. The major factors that are expected to be driving the e-prescribing market are the growing volume of patient data, increasing cases of covid 19 “COVID-19 impact on E-prescribing will boost the market growth”, advancements in technological expertise, rising government initiatives & the introduction of incentive programs for the acceptance of e-prescribing; and the need for efficiency in healthcare processes.
Global E-Prescribing Market Dynamics:
Market Drivers
• Government initiatives & incentive programs
Rising adoption among healthcare provider
• Advancements in technological expertise.
Market Restraints
• Lack the knowledge to operate advanced HCIT systems
• Reluctance to adopt new technology
Global E-Prescribing Market Segmentation:
By Product
• Solutions
o Integrated Solutions
o Standalone Solutions
• Services
• Support & Maintenance Services
• Implementation Services
• E-prescribing Network Services
• Training & Education Services
By Delivery Mode
• Web & Cloud-based
• On-premise
By Usability
• Handheld device
• Computer-based devices
By End User
• Hospitals
• Office-based Physicians
• Pharmaceuticals
By Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Russia
o Poland
o Turkey
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea o Australia
o ASEAN
o Rest of Asia-Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East and Africa
o GCC Countries
o South Africa
o North Africa
o Egypt
o Isreal
o Rest of Middle East and Africa
Recent Developments
• In August 2020, Surescripts introduced a new service entitled “Specialty Prescribing Process for Specialty Pharmacies” which provides Specialty Pharmacies with Clinical Information and Prior Authorization Capabilities in quick time. This will help the company to established itself in the field of the e-prescribing arena.
• In September 2016, Cerner Corporation signed an agreement with Sandwell & West Birmingham Hospitals NHS Trust (U.K.) to provide major electronic patient record programs, e-prescribing, clinical support, patient portal, and clinical documentation.
• In August 2016, athenahealth acquired Filament Labs, Inc. (U.S.), a provider of the care coordination platform used by providers to engage patients and caregivers outside the clinic.
• Competitive Analysis:
Global E-Prescribing Market is highly competitive, and major players have used various approaches to raise their footprints in this market such as new product advancements, acquisitions, contracts, joint ventures, alliances, acquisition, and others. The scope of the study includes E-Prescribing revenue for Global, Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.
Key Market Players:
Key players operating in the Virus Testing Kits are:-
• EPIC SYSTEMS CORPORATION (U.S.)
• CERNER CORPORATION (U.S.)
• ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. (U.S.)
• QUALITY SYSTEMS, INC. (U.S.)
• ATHENAHEALTH, INC. (U.S.)
• MEDICAL INFORMATION TECHNOLOGY, INC. (U.S.)
• RELAYHEALTH CORPORATION (U.S.)
• HENRY SCHEIN, INC. (U.S.),
• COMPUTER PROGRAMS AND SYSTEMS INC. (U.S.)
• DRFIRST, INC. (U.S.)
• SURESCRIPTS-RXHUB, LLC (U.S.)
• CHANGE HEALTHCARE HOLDINGS, INC. (U.S.)
• PRACTICE FUSION, INC. (U.S.)
• GE HEALTHCARE (U.S.),
• ECLINICALWORKS (U.S.)
Research Methodology: Global E-Prescribing Market
Data collection modules with large sample sizes are used for data collection and base year analysis. Market share analysis and key trend analysis are the major factors for success in any market report. Market statistical and coherent models are used to analyze the market data. Please request an analyst call for more information on the research methodology.
Phoenix research consultants use their proprietary research methodology to evaluate data that involves data mining, analysis of the impact of data variables on the market, and primary validation. Furthermore, other data models consist of a market overview and guide, company matrix, key intensity vendor mapping, market forecasting analysis, company share analysis, top-down and bottom-up analysis, and others.
Demand and Supply Side – Primary Research Respondent
Demand Side: Medical software Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Players, Healthcare Authorities, Academics and Universities, Technological Expertise, researchers, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, Senior and mid-level Executives, Distributors, Market Intelligence, and Regulatory Authority Managers among others.
Report Insights:
• To gain insights into the competitive milieu in the market
• End-user assessment /Customer behaviors
• Detailed Demand and Supply Assessment
• Key market drivers and restraints Analysis
• Competitive landscape of the key players involved
• In-depth analysis of the market segmentation