Advancements in the healthcare industry coupled with the need for electronic healthcare records are expected to provide significant growth opportunities for the market players during the forecast period. Need to reduce the healthcare expenses along with the focus towards reducing the errors associated in the medication are expected to drive the market in the coming years.
A new market research report compiled by The Insight Partners titled “E-Prescribing Market to 2025 - Global Analysis and Forecasts By Component (Services, Software and System); By Delivery Mode (Web Based, Cloud Based and On Premise), and By End User (Hospitals, Pharmacies and Office Based Physicians)”
E-Prescribing is known as a process of electronically producing and sending prescription order. This helps the physicians and other medical practitioners to send an electronic prescription directly to a pharmacy store. This technology improves the accuracy and enhances patient safety and quality of care. Since the prescription is electronically generated, the chances of confusion due to handwriting can be reduced and can be easily interpreted by the pharmacist.
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North America is expected to hold a significant share in the market in the coming years. Factors such as, advanced healthcare infrastructure and extensive adoption of electronic prescription systems is anticipated to drive the growth of the market in North America. The region of Asia Pacific is anticipated to witness growth at a significant rate in the coming years, due to the involvement of digitalization in healthcare practices by the players in the region. Hospitals in China and Japan are focusing towards adopting electronic systems for maintaining the patients' records, which can prove to be a major factor promoting the growth of market in Asia Pacific in the coming years.
Key Players Influencing The E-Prescribing Market are-
3. General Electric Company
4. athenahealth, Inc.
5. Henry Schein
6. Daw Systems, Inc.
7. Practice Fusion, Inc.
9. NewCrop, LLC
10. Change Healthcare
The E-Prescribing market is segmented based on components such as, services, software and system. The segment of services is further categorized as network services, implementation services, support & maintenance services, and training & education services. The system segment is further classified as, standalone system and integrated system. The market is segmented based on delivery mode as, web based, cloud based and on premise. Based on end users, the market is categorized as, hospitals, pharmacies and office based physicians.
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What this report offers
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
The E-Prescribing market report provides a comprehensive analysis with qualitative and quantitative insights of the market by various segment types at global, regional and country level. In the report 2017 will be considered as historic year, 2018 as a base year and forecast period will be 2019-2025. The report comprehensively identifies and analyze the growing trends along with major driving factor such as increasing digitization rate, high demands from end-users’ industries, challenges and opportunities within the E-Prescribing market.
The research study presented here is a brilliant compilation of different types of analysis of critical aspects of the global E-Prescribing market. It sheds light on how the global E-Prescribing market is expected to grow during the course of the forecast period. With SWOT analysis and Porter’s Five Forces analysis, it gives a deep explanation of the strengths and weaknesses of the global E-Prescribing market and different players operating therein.
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