About Electronic Prescription Service
E-prescribing, frequently acknowledged as digital prescribing, is a technological know-how framework that permits docs and different scientific practitioners to electronically write and post prescriptions to a taking part pharmacy as a substitute of utilising handwritten or faxed notes or calling in prescriptions. Improving affected person protection and satisfactory of care, decreased time spent on calls and call-backs to pharmacies, lowering time spent faxing prescriptions to pharmacy, automating the prescription renewal request and authorization process, growing affected person comfort and remedy compliance, permitting higher prescriber mobility, and drug surveillance/recall functionality are all blessings of E-prescription.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronic Prescription Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Epic Systems Corporation (United States), Cerner Corporation (United States), Allscripts Healthcare Solutions, Inc. (United States), NextGen Healthcare (United States), Athenahealth, Inc. (United States), RelayHealth, LLC (United States), Henry Schein, Inc. (United States) and GE Healthcare (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Surescripts-RxHub, LLC (United States), Medical Information Technology, Inc. (United States), Computer Programs and Systems, Inc. (United States) and DrFirst, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Prescription Service market by Type (Integrated Solutions and Standalone Solutions) and Region.
On the basis of geography, the market of Electronic Prescription Service 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). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Electronic Prescription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End- User, the sub-segment i.e. Hospitals will boost the Electronic Prescription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased in Adoption toward Advanced Healthcare Technology Products
Market Growth Drivers:
Increasing Government Funding for the Implementation of EHR Solutions
Challenges:
Lack of Awareness Regarding Technology among End-users
Restraints:
Expensive Systems and Issues Related to Workflow & Security
Opportunities:
Rising Healthcare Expenditure and Improving Healthcare Infrastructure
Market Leaders and their expansionary development strategies
In October 2023, Teladoc Health, a leading telemedicine provider, partnered with eRx platform RxVantage to offer eRx services to its virtual care network. This will allow Teladoc providers to send prescriptions electronically to pharmacies across the US.
In February 2023, The UK's National Health Service (NHS) launched its "Electronic Prescription Service (EPS)." The EPS allows patients to receive their prescriptions electronically, eliminating the need for paper prescriptions.
Key Target Audience
Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities and Government and Private Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.