According to a new market report published by Persistence Market
Research “Global Market Study on E-Prescribing: North America to
Witness Highest Growth by 2019,” the global
E-Prescribing market was valued at USD 250.2 million in 2013 and
is expected to grow at a CAGR of 23.5% from 2013 to 2019, to reach an
estimated value of USD 887.8 million in 2019.
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. E-Prescribing market is expected to grow a CAGR
of about 23.5% during 2013-2019.
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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.
Henry Schein, Inc. and Cerner Corporation are the leading players in
the global E-Prescribing market. Other major players of E-Prescribing
market include athenahealth, Inc., DrFirst, eClinicalWorks,
HealthFusion, Inc., and Practice Fusion, Inc.
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