Global E-Prescribing Market is expected to grow steadily at a CAGR of 22.6% from 2020 to 2027. E-prescribing is an application that sends prescriptions to patients electronically from their computers to chosen pharmacies. Several benefits of E-prescribing such as fewer medication errors, improved patient safety, and less risk of lost or misplaced written prescription has increased its adoption in the pharmaceutical industry. Government mandates and support to increase the adoption of e-prescribing solutions are also fueling the market. However, high deployment costs would limit the adoption among end-users.Increased adoption of integrated telehealth solutions due to COVID-19 is anticipated to generate new growth opportunities for the market in the coming years.
The COVID-19 pandemic has accelerated the use of telehealth consultations which is further driving the adoption of e-prescribing solutions.North America dominated the global e-prescribing market with the major revenue share in 2020. The growth is attributed to an increase in the adoption of advanced healthcare technology products and high adoption of e-prescription integrated systems. Asia-Pacific is expected to attain the fastest growth rate during the forecast period. Factors such as the government initiatives and incentive programs, increasing adoption of EHR solutions, and increasing focus on reducing medical errors are impacting the growth of the e-prescribing market in the region.
The global E-Prescribing market is segmented by component, delivery mode, and end-user. By component, the market is separated into services and software. By delivery mode,the market is segmented into on premise and cloud-based. By end-user, the market is bifurcated intohospitals, office-based physicians, and pharmaceuticals. The hospitals segment dominated the market dueto a rise in the adoption of electronic prescribing and medication administration systems with reduced benefits such as medication errors, reduced adverse drug events, and healthcare costs. North America, Europe, Asia-Pacific, andLAMEA are the geographical breakdowns of the EMR market at the global level.
The leading key players in the e-prescribing market include Cerner Corporation, Change Healthcare, DrFirst.com, Inc., eClinicalWorks, Allscripts Healthcare, LLC, Athenahealth, Inc., Epic Systems Corporation, Practice Fusion, Inc., Medical Information Technology, Inc., and Surescripts, among others.
E-Prescribing Market Key Segments:
o Integrated solutions
o Standalone solutions
o Support & maintenance services
o Implementation services
o Network services
o Training and education services
Delivery Mode Segments
• Office-based Physicians
• North America
o The U.S.
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o The Middle East
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