E-Prescribing Market Report: Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecast to 2029

E-Prescribing Market 2022

New Study Reports “E-Prescribing Market 2022, Analysis, Growth, Size, Trends Forecasts 2029″ has been Added on PMR.

Report Overview

Starting with the overview of E-Prescribing Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2030.

According to a new market report published by Persistence Market Research “Global Market Study on E-Prescribing: North America to Witness Highest Growth by 2029,” the global E-Prescribing market was valued at USD 250.2 million in 2021 and is expected to grow at a CAGR of 23.5% from 2021 to 2029, to reach an estimated value of USD 887.8 million in 2029.

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Electronic prescribing or E-Prescribing (e-Rx) is electronic transmission of prescriptions from physician to pharmacists using computer and other mobile devices, such as cell phone and tablets. The global E-Prescribing market is witnessing a significant growth led by various government programs to implement E-Prescribing systems in order to improve quality of healthcare and reduce medication errors. E-Prescribing systems are used in various applications including preparation of complete medication list, data security checks, complete information of formulary and patient historical data.

These advanced features of E-Prescribing are also supporting in growth of E-Prescribing market. Additionally, improved healthcare infrastructure has increased the demand for E-Prescribing system. Moreover, implementation of electronic healthcare records with E-Prescribing system holds immense potential for the growth of E-Prescribing market.

Some of the major players operating in the E-Prescribing market:

• Henry Schein, Inc.
• Cerner Corporation.
• Allscripts.
• eClinicalWorks.
• DrFirst.
• Practice Fusion, Inc.
• Surescripts.
• HealthFusion, Inc.
• Emdeon.
• athenahealth, Inc.

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However, high cost of E-Prescribing system and lack of patient privacy and security impede growth of E-Prescribing market. Moreover, lack of high-speed broadband facilities and IT professionals in rural areas are also some of the key restraints for the E-Prescribing market.

Europe holds the largest share in E-Prescribing market. Many eHealth projects in Europe are playing a vital role in the adoption of E-Prescribing system such as European Patient Smart Open Services (epSOS) and Schleswig-Holstein Health Initiative.

However, North America is the fastest growing region in the E-Prescribing market. Increased adoption of E-Prescribing system and improved healthcare infrastructure are major drivers for E-Prescribing market in North America. Moreover, several government initiatives are also promoting the usage of E-Prescribing system such as Health Information Technology for Economic and Clinical Health (HITECH) Act and National Council for Prescription Drugs Program.

In Asia, usage of E-Prescribing system is increasing due to medical infrastructure development and government initiative programs. Growing medical infrastructure has led to improvement in primary healthcare services, village clinics and urban healthcare centers through the adoption of healthcare IT technologies.

The global market of E-Prescribing is segmented as follows:

E-Prescribing Market, By Product Type

• Integrated system
• Stand-alone system

E-Prescribing Market, By Component

• Software
• Hardware
• Services

E-Prescribing Market, By Delivery Mode

• Web-based
• On-premise/licensed
• Cloud-based

E-Prescribing Market, By Usage Mode

• Hand-held device
• PC-based

E-Prescribing Market, By End User

• Hospital
• Office-based physician

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