The global e-prescribing market is projected to reach USD 1,403.2 Million by 2021 at a CAGR of 20.8% during the forecast period. Factors such as the government initiatives and incentive programs, rising focus on the reduction of fraud and abuse of controlled substances, focus on reducing medical errors, and the need to curtail escalating healthcare costs are driving the market. market Driven by Healthcare Information Exchange in North America and Europe Region
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North America is the largest hub for e-prescribing market followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific possesses lucrative growth potential for the e-prescribing market during the forecast period.
The high growth of this region can be attributed to the healthcare organizations in the Asia-Pacific region that are actively moving towards digitization with a focus on streamlining their entire workflow and ensuring patient safety.
Complete report on E-prescribing Market spread across 188 Pages, Profiling 16 Companies and Supported with 137 Tables and 40 Figures is now available at www.rnrmarketresearch.com/e-prescr…arket-report.html .
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Report on e-prescribing market is hospitals in Japan are widely adopting best practices such as healthcare information exchange, e-prescribing and electronic health record systems to provide quality care to patients. Several major players rely on signing contracts for agreements, collaborations, and partnerships to achieve growth in the market.
In addition, market players are focusing on acquiring local market players to expand their portfolios and enhance their distribution channels in emerging markets.
- Providers of e-prescribing systems and solutions
- E-prescribing services providers
- Hospitals & clinics
- E-prescribing vendors
- Healthcare insurance providers
- Market research and consulting firms
- Venture capitalists and investors
The e-prescribing market is consolidated at the top. Small market players operating at regional and local levels are challenging the market shares of leading players.
In order to maintain their market shares, leading players are continuously signing contracts of agreements, collaborations, and partnerships. Increasing competition in this market is expected to drive innovation, thereby helping the industry to overcome the existing challenge of lack of technology awareness among end users.
E-prescribing Market is consolidated at top with top five companies accounting for more than half of global market. Market is segmented based on product, delivery mode, end user, and region.
Based on product, the e-prescribing market is segmented into e-prescribing solutions (integrated solutions and standalone solutions) and e-prescribing services (support & maintenance services, implementation services, e-prescribing network services, and training & education services).
The major players in the e-prescribing market include Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), All scripts Healthcare Solutions, Inc. (U.S.), Quality Systems, Inc. (U.S.), Athena health, Inc.
(U.S.), Medical Information Technology, Inc. (U.S.), and Relay Health Corporation (U.S.).Some of the other leading players in this market include 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.), and eClinicalworks (U.S.).
Based on delivery mode, the e-prescribing market is segmented into web & cloud-based and on-premise solutions. On the basis of end user, the market is segmented into hospitals, office-based physicians, and pharmaceuticals.
This report also provides market information across major regional segments, namely, North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. These regions are further segmented at a country level.
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