e-Prescribing Market Know the Key Growth Drivers Developments and Innovations 2018-2026
e-Prescribing or
electronic prescribing is the process of electronically generating
and sending a prescription order to a pharmacy directly from the
point of care. e-Prescribing improves accuracy, enhances patient
safety and quality of care as there are no chances of false
interpretation by pharmacist in prescriptions. With the help of
e-prescribing tools healthcare providers can enter prescription
information into a computer device such as a laptop, tablet, or
desktop computer and securely transmit the prescription to pharmacies
using a special software program and connectivity to a transmission
network.
Market
Dynamics
Significant increase
in the number of e-prescriptions in developed economies is attributed
to technological developments in healthcare IT and rise in demand of
e-prescriptions to reduce the drug abuse. According to Surescripts,
e-prescriptions for controlled substances in 2017 accounted for 77.33
million, which increased from 12.8 million in 2015, with a 504%
increase in the U.S.
Request For
Sample Copy @
https://www.coherentmarketinsights.com/insight/request-sample/2636
Furthermore, there
is an immense need to reduce medication errors caused due to wrong
interpretation and pronunciation of drugs by pharmacist. According to
the FDA, medication errors harm 1.3 million individuals each year and
kill at least one person a day. Major factors responsible for these
errors include similar pronunciation of drugs. For instance, Valtrex
and Valcyte are both used for Cytomegalovirus (CMV), but for
different reasons and a heart transplant patient receiving Valtrex
instead of Valcyte can undergo serious. Therefore, e-prescription
plays a crucial role in avoiding such errors and reduces chances of
resulting complications.
Though e-prescribing
offers several benefits over paper-based prescriptions, several
healthcare providers and pharmacists have remained doubtful about
adopting the system due to high cost of deployment and security and
workflow issues. These factors can negatively impact the
e-prescribing market growth during the forecast period.
Increasing
adoption of healthcare IT is expected to drive the e-prescribing
market revenue
Innovation in
healthcare IT including increasing use of the Application Program
Interface (API) to improve interoperability, the ability to access
and interact with health data via mobile devices to better access and
secure medical records are the major driving factors for
e-prescribing market growth. Demand for e-prescription is growing
with increasing adoption of healthcare IT in medical field. According
to the Surescripts, a healthcare information network, the number of
U.S. e-prescribers increased to 8% in 2017 from 2016 and the number
of prescribers for controlled substances increased 59% in 2017 from
2016.
Detailed
Segmentation:
-
Global e-Prescribing Market, By Product:
-
Software
-
Services
-
-
Global e-Prescribing Market, By Deployment:
-
Web & Cloud-based
-
On-premise
-
e-Prescribing
Market Restraints
Despite several
benefits offered by e-prescribing for healthcare professionals and
patients, not all providers are implementing these system due to
factors such as high cost of healthcare IT and requirement of skilled
professionals. e-Prescribing systems require basic technological
infrastructure and training for installation and maintenance, which
also increases the financial burden of their implementation.
Moreover, the risk of data breach is also restraining the
e-Prescribing market growth.
e-Prescribing
Market - Competitive Landscape
Key players
operating in the global e-prescribing market include, Allscripts
Healthcare Solutions, Inc., Athenahealth, Inc., Change Healthcare
Holdings, Inc., Cerner Corporation, Computer Programs and Systems
Inc., DrFirst, Inc., eClinicalworks, Epic Systems Corporation, GE
Healthcare, Henry Schein, Inc., Medical Information Technology, Inc.,
Practice Fusion, Inc., Quality Systems, Inc., RelayHealth
Corporation, and Surescripts-RxHub, LLC.
Click to read
more on e-Prescribing
Market
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market
analysis, consulting services, and competitive analysis through
various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
Comments
Post a Comment