E-prescribing or electronic prescribing is a process involving the electronic generation and sending of prescription orders for the convenience of medical practitioners or physicians, allowing them to transmit prescriptions directly from the point of care to a pharmacy. E-prescribing enhances the safety of patients and the quality of care, since there is no manual writing involved and thus there is less probability of prescription errors. In addition, e-prescribing also helps conduct security checks, encapsulate medical lists, and compile the complete historical data of a patient.
What is the Global E-Prescribing Market Size?
According to the report of Research Cosmos, the Global E-prescribing Market size was around USD XX million in 2017. It is expected to grow at a CAGR of XX% to reach USD xx million by 2023.
Factors Driving the Growth of Global E-Prescribing Market:
The growth in this market is driven by the initiatives that are held to promote the use of e-prescriptions. Additionally, rise in need for healthcare and government support programs to improve the facilities in all parts of the globe are main drivers for the growth in the market. The e-prescribing market is anticipated to experience a higher growth during forecast period because of the changes in network services and technical developments and the ease in use of it, and due to the promotions made by several agencies and governments. With the widely spread demand of e-prescribing, hospitals have held major share in the last few years. Reimbursement programs made by the Centre for Medicare & Medicaid Services (CMS) for physicians practicing using EHR (Electronics Health Records) resulted in the increase of e-prescribing for physicians. In efforts to increase the ease in sending patient reports to far away distant locations and increase workflow efficiency, the demand for Cloud based model solutions have been increasing. Also during high risk critical operations, this is helpful to connect with other experienced practitioners and increase the cost-efficiency.
Geographic Segmentation:
By geography, Europe dominated the in E-Prescribing market due to the rise in e-health programs across different nations like Germany, France, Italy, Spain and others. To establish highly sophisticated healthcare infrastructure, North America is expected to have incredible growth in e-prescribing market. Government schemes supporting better healthcare infrastructure are predicted to promote the market growth in the Asia-Pacific.
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Detailed Segmentation of Global E-Prescribing Market:
Global E-Prescribing Market Analysis - By Type:
Global E-Prescribing Market Analysis - By End-User / Application:
Global E-Prescribing Market Analysis -By Region / Countries:
The Key Players Mentioned In Global E-Prescribing Market Report:
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