Prescription Writing Software Market Scope
Prescription writing software is an online-based Patient and Prescription Management System that is extremely beneficial to physicians. Prescription Writing Software is a program that allows patients or end-users to electronically transmit prescriptions to pharmacies of their choice. The major purpose of this software model in an EHR or HIT system is to ensure that complete, accurate, and unambiguous prescription orders are transmitted and received efficiently, allowing pharmacy processing and fulfillment to run smoothly, avoiding workflow disruptions and delays in inpatient care.
The Prescription Writing Software market study is segmented by Type (Cloud-Based and On-Premise), by Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and major geographies with country level break-up.
The Prescription Writing Software market is competitive and consolidated, with only a few big competitors. Only a few of the main players today hold a majority of the market share. Companies are attempting to invent new products to stay competitive as patient awareness levels rise, prescription errors decrease, health care quality improves, and costs decrease. Some of the major key players are AdvancedMD, Kareo, and DrChrono respectively.
AdvancedMD (South Jordan), DrChrono (United States), Athenahealth (India), Kareo (United States), Greenway Health LLC (United States), AllegianceMD Software Inc (United States), Valant Inc (United States), Medsphere Systems Corporation (ChartLogic) (United States), MPN Software Systems Inc (United States) and NextGen Healthcare LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Compulink (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Prescription Writing Software market by Type, Application and Region.
On the basis of geography, the market of Prescription Writing Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In April 2020, Drchorono (US) has partnered with ID.me (US) to make it easier for users of the company's e-prescribe software to verify their identities. Clinicians should be able to prescribe medications faster result. and In 2020, NextGen Healthcare (US) and Optimize Rx (US) have announced a partnership to provide real-time access to vital financial information, allowing doctors to assist patients in selecting suitable prescription plans based on their insurance coverage and budgets. The company's workflow has been integrated with this tool.
Market Drivers
- Rising Number of Chronic Diseases Such As Diabetes and Hypertension among the People
- Electronic Prescriptions Are Becoming More Popular Among Doctors as A Way to Reduce Paperwork, Increase Productivity, and Improve Patient Safety
- Increasing Awareness about Health Issues among Consumers
- Increasing Government Initiatives to Promote E-Prescribing
Opportunities
- Emerging economies such as India and China
- Rising adoption of integrated telehealth solutions
Restraints
Challenges
- Lack of Technology Awareness among Consumers
Key Target Audience
Prescription Writing Software developers, Research institutes, and consultancy firms, Regulating authorities, and policymakers and Government bodies and industry associates