Thursday, March 19, 2020

Advanced E-Prescribing Systems - a Major Revolution in the Global Healthcare Management Industry

The report "E-prescribing Market by Product (Integrated Solutions, Standalone Solutions, Service (Support, Implementation, Training, Network)), Delivery Mode (Web, Cloud, On-premise), & End User (Hospital, Office-based Physicians, Pharmacy) - Global Forecast to 2021", is projected to grow at a CAGR of 20.8% during the forecast period. 

The major factors that are expected to be driving the e-prescribing market are the growing volume of patient data; advancements in technological expertise; rising government initiatives & the introduction of incentive programs for the adoption of e-prescribing; and the need for efficiency in healthcare processes. The objective of the report is to define, describe, and forecast the e-prescribing market size based on product, delivery mode, usability, end user, and region.

Critical questions the report answers:

# Where will all these developments take the industry in the long term?
# What are the upcoming trends for the e-prescribing market?
# Which segment provides the most opportunity for growth?
# Who are the leading vendors operating in this market?
# What are the opportunities for new market entrants?

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Recent Developments

# In September 2016, Cerner Corporation opened Healthe at Cerner Center at its Manyata campus in Bangalore, India. More than 2,200 associates will have access to the state-of-the-art Healthe Clinic, Healthe Fitness Center, and a full suite of health coaching and educational opportunities.

# In September 2016, Cerner Corporation signed an agreement with Sandwell & West Birmingham Hospitals NHS Trust (U.K.) to provide major electronic patient record programs, e-prescribing, clinical support, patient portal, and clinical documentation.

# In August 2016, athenahealth acquired Filament Labs, Inc. (U.S.), a provider of the care coordination platform used by providers to engage patients and caregivers outside the clinic.

# In August 2016, Henry Schein Medical Systems launched Henry Schein MicroMD Version 12 software for office-based medical practitioners. The new software features upgrades designed to help physicians operate more efficient and productive practices.

# In October 2015, DrFirst, Inc. launched myBenefitCheckSM service, which provides real-time, patient-specific information regarding a patient’s prescription, drug benefit coverage, as well as out-ofpocket costs to providers.

Monetary Growth Expectations, Globally:

According to the Research Study conducted by MarketsandMarkets™: The global e-prescribing market is expected to reach USD 1,403.2 Million by 2021 from USD 546.5 Million in 2016, at a CAGR of 20.8% during the forecast period.

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Geographical Growth Scenario:

North America to account for the largest market size during the forecast period.

North America is expected to hold the largest market size in the e-prescribing market during the forecast period. The highest market share of North America is due to the stringent legislative and accreditation requirements regarding healthcare, high adoption of HCIT technologies (to reduce soaring healthcare costs), regulatory requirements regarding patient safety, and the presence of a large number of e-prescribing solution providers in the region.

Leading Market Players:

# Cerner Corporation (U.S.)
# Allscripts Healthcare Solutions, Inc. (U.S.)
# Epic Systems Corporation (U.S.)
# Quality Systems, Inc. (U.S.)
# athenahealth, Inc. (U.S.)
# RelayHealth, LLC (U.S.) and many more…

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