Global E-Prescribing Market is Expected to Reach USD 887.8 Million in 2019: Transparency Market Research

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Jun 13, 2014, 09:22 ET

ALBANY, New York, June 13, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "E-Prescribing Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global E-Prescribing market was valued at USD 250.2 million in 2013 and is expected to grow at a CAGR of 23.5% from 2013 to 2019, to reach an estimated value of USD 887.8 million in 2019.

Browse the full E-Prescribing Market Report at http://www.transparencymarketresearch.com/e-prescribing-market.html

The global E-Prescribing market is witnessing a significant growth led by various government programs to implement E-Prescribing systems in order to improve quality of healthcare and reduce medication errors. The E-Prescribing system is used in various applications including preparation of complete medication list, data security checks, complete information of formulary and patient historical data. These advanced features of E-Prescribing are some of the key driving factors for the E-Prescribing market. Additionally, improved healthcare infrastructure has increased the demand for E-Prescribing system. Moreover, implementation of electronic healthcare records with E-Prescribing system holds immense potential for the growth of E-Prescribing market. E-Prescribing market is expected to grow a CAGR of about 23.5% during 2013-2019.

On the other hand, high cost of E-Prescribing system and lack of patient privacy and security impede the growth of E-Prescribing market. Moreover, lack of high-speed broadband facilities and IT professionals in rural areas are also some of the key restraints for the E-Prescribing market.

Europe is the largest market for E-Prescribing system. Many eHealth projects in Europe are playing a vital role in the adoption of E-Prescribing system such as European Patient Smart Open Services (epSOS) and Schleswig-Holstein Health Initiative.

However, North America is the fastest growing region in the E-Prescribing market. Increased adoption of E-Prescribing system and improved healthcare infrastructure are major drivers for E-Prescribing market in North America. Moreover, several government initiatives are also promoting the usage of E-Prescribing system such as Health Information Technology for Economic and Clinical Health (HITECH) Act and National Council for Prescription Drugs Program.

In Asia, usage of E-Prescribing system is increasing due to medical infrastructure development and government initiative programs. Growing medical infrastructure has led to improvement in primary healthcare services, village clinics and urban healthcare centers through the adoption of healthcare IT technologies.

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Henry Schein, Inc. and Cerner Corporation are the leading player in the global E-Prescribing market. Other major players of E-Prescribing market include athenahealth, Inc., DrFirst, eClinicalWorks, HealthFusion, Inc., and Practice Fusion, Inc.

The global market of E-Prescribing is segmented as follows:

E-Prescribing Market, By Product Type

Integrated system
Stand-alone system

E-Prescribing Market, By Component

Software
Hardware
Services

E-Prescribing Market, By Delivery Mode

Web-based
On-premise/licensed
Cloud-based

E-Prescribing Market, By Usage Mode

Hand-held device
PC-based

E-Prescribing Market, By End User

Hospital
Office-based physician

Browse the full E-Prescribing Market Report at http://www.transparencymarketresearch.com/e-prescribing-market.html

E-Prescribing Market, by Geography

Europe
- Germany
- The U.K.
- France
- The Netherlands
North America
- The U.S.
- Canada
Asia
- Japan
- China
Rest of the World (RoW)

Browse Healthcare IT Market Research Reports @ http://www.transparencymarketresearch.com/healthcareit-market-reports-19.html

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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