The global e-prescribing market is expected to witness growth over the forecast period. The market is driven by the need for an error-free prescription process and continual government efforts towards quality and the affordable healthcare system. According to World Health Organization (WHO) member states report 2019, there is less than one physician for per thousand population. The uneven ratio of patient-doctor further increases the need for accurate E-prescribing solutions.
Based on product, the e-prescribing systems market can be segregated into standalone and integrated solutions. The IT infrastructural cost and capital cost in standalone solution is less compared to integrated solution. Hence, standalone solution segment dominated the e-prescribing systems market and is expected to grow over the forecast period.
Considering the mode of delivery, the market is divided into on-premise/licensed, web-based and cloud-based model. On-premise/licensed software is limited for a particular organization. The accessibility related the on-premise/licensed prescribing system is limited to the user of that organization. The cloud-based E-prescribing model is gaining popularity owing to the associate benefits such as minimal IT infrastructure cost. Moreover, the cloud-based e-prescribing model would help to retrieve the data easily. The web-based and cloud-based mode of delivery furthermore helps to track the prescription in real-time as well, thereby increasing its adoption in near future
End-user of the ePrescribing market is segmented into office-based, hospital and pharmacies. Pharmacies segment held dominance as of 2018, due to ease of applicability of E-prescribing technology for medication refills.
North America accounted for a major share in the e-prescribing market followed by Europe. North America held dominance due to the government initiative to introduce affordable healthcare via the patient protection and affordable care act. Furthermore, the EHR penetration is high in North America and Europe. The act focuses on developing patient-centric healthcare facilities.
Electronic prescribing market is oligopolistic market. The major players include Cerner Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Quality Systems, Inc., Athenahealth, Inc., RelayHealth, LLC, Henry Schein, Inc., GE Healthcare , Computer Programs and Systems Inc., DrFirst, Inc., Surescripts-RxHub, LLC , Medical Information Technology, Inc. , Change Healthcare Holdings, Inc. , eClinicalworks , and Practice Fusion, Inc. E-prescribing market has witnessed key players collaborating toward overall improvement of the EHR experience. For instance, Cerner and DrFirst are working towards linking EHR to the United States prescription drug monitoring program.
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