Global E-Prescribing Market – Size, Outlook, Trends and Forecast (2024 – 2032)

E-Prescription in a technological framework via which medico prescribers or practitioners can prescribe the necessary medicines to patients and pharmacies instead of handwritten or noted prescriptions. Reduction of prescription errors and ensuring patient safety are the major concerns that are being satisfied by this market. Thus, the system helps in encapsulating medical list along with the needed patient’s data. Most common errors occur due to wrong dosage, handwritten illegibility. These errors have raised a serious health conscious concern among patients regarding their health. It can be noted that around 80% of the medical errors are able to get prevented due to the evolution of E-Prescribing Market.

Global E-Prescribing Market Segments Size & Growth:

Global E-Prescribing Market is expected to grow with a CAGR of XX% and is anticipated to reach $XX Billion by 2024. Various advantages for E-Prescribing system include ensuring patients safety, affordable cost of the system, improved workflow, and other advantages like easy access to patient’s insurance data, reduced therapeutics duplications, prevention of ADEs and others. Factors responsible for the growth of the market include rising demand for E-Prescribing system, growing government initiatives in promoting E-Prescribing System and others. However, E-Prescribing System is facing few cons as, clarification of inaccuracies, issues related to software designing, excess costs which include, transaction fees, start-up fee, and others. Lack of skilled Professionals, lack of awareness regarding growing technology uneven reimbursement, the rise in security issues are considered as serious challenges that are being faced by the market of E-Prescribing System.

Global E-Prescribing Market Segments Share:

Various applications in which E-Prescribing system is used include preparation of complete medication list, data security issues, patient chronological data and other. By component, this market is divided into software, hardware, services and others. Among all services, the market is encountered as a fast-growing segment of the market. By delivery mode market is sectored as web-based, on-premise/ licensed, cloud-based, and others. Depending upon the usage mode this market is categorised as hand-held devices, PC-based devices. There are various end-users associated with this market. Few of these include hospitals, pharmacies, clinics, office-based physicians, and others. Hand-held device usage mode and hospitals have the largest market share of E-Prescribing market. Based on geography Europe followed by North America is considered to share large market. The market of Asia Pacific is considered to grow with a highest accelerating CAGR during the forecast period.

Global E-Prescribing Market Trends:

• Previously Imprivata launched a product that can enable a major shift to be electronic prescribing of controlled substances.

Global E-Prescribing Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Global E-Prescribing Market are:

• Cerner Corporation
• Medical Information Technology, Inc.
• Allscripts Healthcare Solutions, Inc.
• Eclinicalworks
• Quality Systems, Inc.
• Athenahealth, Inc.
• Imprivata

Along with these companies, there were many other companies considered/cited in the report while analysing the Global E-Prescribing market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.