E-Prescribing Market Size to Reach Revenues of over USD 3 Billion by 2026 - Arizton

News provided by

May 11, 2021, 10:00 ET

CHICAGO, May 11, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global e-prescribing market report.

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

Key Highlights Offered in the Report:

The global e-prescribing market is likely to witness an incremental growth of over USD 2 billion and an absolute growth of above 217% during the forecast period.
E-prescribing for controlled substances (EPCS) segment is likely to witness an absolute growth of over 265%, growing at a CAGR of around 24% during the forecast period.
The web & cloud-based segment is expected to grow with the highest CAGR of nearly 22% and absolute growth of over 226% during the forecast period.
The oncology segment is expected to grow with the highest CAGR of over 23% and absolute growth of above 252% during the forecast period.
The healthcare facilities are likely to witness the highest absolute growth of over 281% and grow with a CAGR of around 25% during the forecast period.
Europe is anticipated to witness high incremental and absolute growth of over USD 785 million and 245% during the forecast period, respectively.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by type, delivery mode, modality, medication type, end-user, and geography
Competitive Landscape – 4 key vendors and 16 other vendors

Get your sample today! https://www.arizton.com/market-reports/e-prescribing-market

E-Prescribing Market – Segmentation

In 2020, standard e-prescribing solutions accounted for a significant share of over 92%, and they expect to observe an incremental growth of over USD 1.9 million during the forecast period. E-prescribing as part of the comprehensive electronic system helps to reduce prescription errors.
In terms of delivery, web and cloud-based software held a major share of over 76% in 2020. The segment is likely to witness the highest incremental growth of over USD 1.6 billion during the forecast period. Web and cloud-based solutions are utilized by many healthcare settings such as hospitals, pharmacies, and ambulatory centers; hence, their demand is high during the forecast period.
Integrated e-prescribing solutions are in high demand, accounting for a major share of 87% of the segment. It is expected to grow with an incremental growth of approx. USD 1.9 billion during the forecast period. E-prescribing software integrated with EHR is highly preferred compared to standalone e-prescribing. Integrated software is likely to witness the highest absolute growth of approx. 225% and growing with a CAGR of over 21% during the forecast period.

E-Prescribing Market by Type

Standard E-prescribing
Electronic Prescribing for Controlled Substances

E-Prescribing Market by Delivery Mode

Web & Cloud-based
On-premise & Desktop

E-Prescribing Market by Modality

Integrated
Standalone

E-Prescribing Market by Medication Type

Cardiovascular
Anti-infectives
Oncology
Pain Medication
Behavioral & Mental Health
Others

E-Prescribing Market by End-user

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

E-Prescribing Market – Dynamics

An indication-based prescribing system can reorganize the medication list of patients into a proper grouping with indications, which simplifies the medication reconciliation task and facilitates re-prescribing medications at the time of transitions. These systems also spot duplicates and permit an accurate evaluation of adjustments and discontinuations. Indication e-prescribing allows clear assessments of drug effectivity to support the research of drug outcomes and make prompt changes in labeling or prescribing drugs for off-label use. Narrowing medication choices have proven to reduce medication errors. The Institute for Safe Medication Practices (ISMP) has recommended including the medication's purpose in prescriptions and hospital orders to prevent errors. The knowledge about the purpose of a medication enables health care practitioners to differentiate between medications with similar names and avoid confusion and prescription errors.

Key Drivers and Trends fueling Market Growth:

Outsourcing E-prescribing Software Development
Advancements in E-Prescribing Solutions
Increased demand for EHR services
Government Initiatives & Incentive Programs

E-Prescribing Market – Geography

Europe has major growth potential in the global e-prescribing market due to ongoing government initiatives at the country level to implement and mandate the use of electronic prescribing of medications. Other factors such as the prevalence of chronic illness, demand for online prescriptions, increased concerns of reducing medication errors, healthcare expenditures, and adoption of EHRs for telehealth services are boosting the adoption of e-prescribing solutions in the region. The increasing adoption rate of healthcare IT across several European countries will further boost the growth of the E-prescribing market.

Get your sample today! https://www.arizton.com/market-reports/e-prescribing-market

E-Prescribing Market by Geography

North America

US
Canada

Europe

UK
Italy
Spain

APAC

China
India
Japan
South Korea
Australia

Latin America

Mexico
Brazil
Argentina

Middle East & Africa

Saudi Arabia
Turkey
South Africa

Major Vendors

Surescripts
DrFirst
Practice Fusion
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

Explore our healthcare and lifesciences profile to know more about the industry.

Read some of the top-selling reports:

About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Mail: [email protected]
Call: +1-312-235-2040
+1 302 469 0707

SOURCE Arizton Advisory & Intelligence