Global E-Prescribing Market is Expected to Reach USD 15.90 Billion in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Global E-Prescribing Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.

Browse the full E-Prescribing Market Report at : http://www.transparencymarketresearch.com/e-prescribing-market.html

http://healthcareit1.blogspot.in/2014/07/e-prescribing-market-is-expected-to.html

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. The E-Prescribing system is 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 some of the key driving factors for the 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.

On the other hand, high cost of E-Prescribing system and lack of patient privacy and security impede the 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 is the largest market for E-Prescribing system. 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 player in the global E-Prescribing market. Other major players of E-Prescribing market include athenahealth, Inc., DrFirst, eClinicalWorks, HealthFusion, Inc., and Practice Fusion, Inc.

The global market of E-Prescribing is segmented as follows:

E-Prescribing Market, By Product Type

Integrated system

Stand-alone system

E-Prescribing Market, By Component

Software

Hardware

Services

E-Prescribing Market, By Delivery Mode

Web-based

On-premise/licensed

Cloud-based

E-Prescribing Market, By Usage Mode

Hand-held device

PC-based

E-Prescribing Market, By End User

Hospital

Office-based physician

E-Prescribing Market, by Geography

Europe

Germany

The U.K.

France

The Netherlands

North America

The U.S.

Canada

Asia

Japan

China

Rest of the World (RoW)