Global E-Prescribing Market Size is estimated to expand rapidly in coming years, at a CAGR of 24.8 % from 2018 to 2025. In 2017, the global market valuation was USD 1.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The main drivers of the industry development are anticipated to be increasing stress to minimize medical mistakes and adverse drug events in combination with the need to monitor opioid prescriptions in nations like the US.
Prescription defects are among the world's main triggers of interest to healthcare practitioners, as they make up over 70 percent of hospital-reported mistakes in medication. While occasionally deadly, these mistakes can have severe negative wellness consequences. In relation to the related environmental danger, medical and legal misconduct allegations against the health practitioners and physicians are commonly caused by medication mistakes.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global E-prescribing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global E-prescribing market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global E-prescribing market has been segmented into solutions, services. Due to the increasing reach and heavy software costs, Solutions retained a significant market share of the consumer section in 2018. During the forecast period, the service section is anticipated to expand significantly.
By Delivery Mode Insights: On the basis of delivery mode, global E-prescribing market has been segmented into web/cloud-based, on-premise. Due to small costs in comparison to on-site technologies, web-based e-prescription devices accounted for a significant business presence in 2018. A cloud platform is an appealing alternative for autonomous professionals, clinics or doctors ' departments, and group hospitals that are unable to afford the elevated cost of original devices on site. Some of the wellness IT businesses that provide cloud-based alternatives for customers include Cerner, Athenahealth, Allscripts and eClinicalWorks. In addition, easy deployment of a cloud alternative and lower coaching needs are few other variables that lead to cloud applications development.
The E-prescribing market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Due to a large amount of public projects and subsidies in the region, North America is expected to dominate the industry over the forecast period. In addition, the key factors contributing to general market growth are favorable national policies, such as incentive programs and strict rules on manuscripts, owing to possible medical errors.
Europe, due to stringent regulatory policies in European nations to avoid medical errors, is the second biggest industry for e-prescription software. Moreover, it is expected that EU projects will contribute to development. In 2019 a directive was published by the EU enabling the use of a specialist's electronic prescription in another nation while attending a pharmacy, even though many nations did not acknowledge electronic prescriptions from other nations.
Global E-Prescribing Market Size, Share Analysis by Region 2018
Global E-Prescribing Market Study Objective
1. To forecast the market size of E-prescribing market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of E-prescribing market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of E-prescribing market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of E-prescribing market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the E-prescribing market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Health Fusion, Inc., eClinicalWorks, Allscripts Healthcare Solutions, Inc., and Aprima Medical Software are some of the key players in the market of E-prescribing. With few competitors retain most of the stock, the industry is extremely stable. The competitors try to create creative products to support competitiveness, with increased patients ' knowledge and need for minimization of medication errors, along with ongoing cost reduction and greater price of alternatives for health care.
Global E-Prescribing Market Study Report Offer You!
The global E-prescribing market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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