Global E-prescribing Market (2021 to 2026) – by Type, Delivery Mode, Modality, Medication Type and End-user – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “E-prescribing Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global e-prescribing market by revenue is expected to grow at a CAGR of over 21% during the period 2020-2026.

The spread of the COVID-19 virus has thrown myriad challenges for the healthcare industry. The need for enhanced information sharing has triggered an acceleration of innovation and the adoption of several critical medical tools to improve healthcare services. Since the onset of the pandemic, healthcare providers have increased the use of e-prescribing, direct messaging, electronic case reporting (ECR), and prescription price transparency tools to streamline and boost patient data exchange. Hence, Surescripts’ e-prescribing platform hit the 1 million prescriber mark during the spread of COVID-19.

The pandemic has generated a shift toward telehealth as part of the solution for breaking community transmission. In addition, key changes have been made regarding the electronic prescribing of drugs, which significantly impact clinicians. Outpatient visits dropped roughly 60% during March 2019, which boosted telehealth visits up to 46% across health facilities. With the decrease in ambulatory care visits and an increase in telehealth or remote visits, health organizations and clinicians have leveraged health IT and electronic health records (EHR) to provide optimal patient care.

Key Questions Answered:

1. How big is the global e-prescribing market?

2. What is the e-prescribing market growth?

3. Which segment accounted for the largest e prescribing market share?

4. What are the key driving factors for the e-prescribing market?

5. Who are the leading players in the e-prescribing market?

6. What is the top e-prescribing industry trend in the United States?

The following factors are likely to contribute to the growth of the e-prescribing market during the forecast period:

• Development of Indication-based Prescribing Systems
• Outsourcing of E-prescribing Software & Development of E-prescribing Applications
• Advances in E-prescribing Solutions
• Increased Demand for Electronic Health Record Services

The study considers the global e-prescribing market’s present scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global E-Prescribing Market Segmentation

Type

• Standard E-prescribing
• Electronic Prescribing for Controlled Substances

Delivery Mode

• Web & Cloud-based
• On-premise & Desktop

Modality

• Integrated
• Standalone

Medication Type

• Cardiovascular
• Anti-infectives
• Oncology
• Pain Management
• Behavioral & Mental Health
• Others

End-user

• Technology Vendors
• Independent & Specialty Pharmacies
• Healthcare Facilities
• Pharmacy Benefit Management (PBM) & Payors

INSIGHTS BY GEOGRAPHY

The North American e-prescribing market expects to reach over USD 1.2 billion by 2026, growing at a CAGR of over 20% during the forecast period. Major factors contributing to the highest share include the growing focus on decreasing prescription errors, reduce controlled substance abuse, increasing adoption of EHR solutions, government incentives, and initiatives for implementing e-prescribing across healthcare settings.

Advances in software and increased digitalization in healthcare IT infrastructure contribute to the high adoption of e-prescribing in the region. Both the US and Canada have established mandates to encourage the use of EHR. In the US, incentive programs have been created to boost EHR usage, while Canada has been mandated to have a baseline EHR record available for all healthcare professionals. Such initiatives increased the growth of EHR in both countries and raised the adoption of e-prescribing by several healthcare providers.

INSIGHTS BY VENDORS

The global e-prescribing market is likely to witness the entry of new players and increased collaboration with major software vendors. The market in North America comprises many vendors with small and mid-sized companies. Europe is a more mature market than other regions with wide acceptance and implementation of e-prescribing as a part of healthcare strategy in the European Union countries, and APAC consist of a few players as the use of e-prescribing is comparatively low due to its diverse economies and the challenges in the implementation of a centralized system to manage patient data.

Several vendors are integrating e-prescribing services with EHR software to increase product differentiation among end-users. They focus on providing integrated services, which contributes to the market share. Primary healthcare settings utilize integrated services, and standalone has become limited to private clinics or small healthcare facilities.

Prominent Vendors

• Surescripts
• DrFirst
• Practice Fusion Inc.
• InSync Healthcare Solutions

Other Prominent Vendors

• eRx Network
• Henry Schein
• AdvancedMD
• MD Toolbox
• Bravado Health
• RXNT
• Daw Systems
• DoseSpot
• Chetu Inc.
• Aegis Healthcare
• SISGAIN
• Credible
• Streamline Healthcare Solutions
• Canada Health Infoway
• DrChrono
• Bizmatics

For more information about this report visit https://www.researchandmarkets.com/r/avr61b

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