Global
E-Prescribing Market: Description
Electronic
prescribing or E-Prescribing system (eRx) is the electronic
transmission of prescription related information between prescriber,
dispenser and pharmacy benefit manager. E-Prescribing system allows a
physician and nurse practitioner to transmit a new prescription
electronically when a medication error occurs during pharmacy
operations. E-Prescribing system has a wide range of applications. It
provides complete medical lists, conducts all security checks and
offers complete patient historical data. E-Prescribing market is
growing due to various government initiatives have promoted the usage
of E-Prescribing system. Furthermore, improved quality of healthcare
and reduced prescription errors are supporting the growth of
E-Prescribing market. Additionally, advanced features of
E-Prescribing system and improved healthcare infrastructure are the
key driving factors for the growth of E-Prescribing market.
On
the other hand, high cost of E-Prescribing system and lack of patient
privacy and security impede the growth of E-Prescribing market. Lack
of high-speed broadband facilities and IT professionals in rural
areas are also some of the key restraints for the E-Prescribing
market.
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Global
E-Prescribing Market:
Overview
Globally,
the E-Prescribing market is witnessing 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 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 the
market. The global E-Prescribing market was valued at USD 250.2
million in 2013 and is likely to grow at a CAGR of 23.5% from 2013 to
2019 to reach USD 887.8 million by 2019.
Europe
has the largest market share in the global E-Prescribing market.
Integrated system is the largest E-Prescribing system and web-based
E-Prescribing system is the largest delivery mode. Software is the
largest component of the E-Prescribing system. Moreover, hand-held
device usage mode has the largest market share and hospital is the
largest end user of E-Prescribing system.
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