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eRX (Electronic Prescribing/e-Prescribing) Market: Global Forecasts to 2017

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Market

Healthcare and Medical

Report Type

Market Research

Country

Global

Published

15 January 2013

Number of Pages

291

Report Delivery

Email

Delivery Lead Time

1-3 hours, 24 hour max

Publisher

Markets&Markets

File Format

PDF

Global e-prescription market: 2017 value of $794 million

The global e-prescription market is considered as an important part of the technological transformation of the wider healthcare industry. The developed world is increasingly seeing e-prescribing as a standard within hospitals and office-based prescribers. E-prescription (eRX) is beginning to empower prescribers by giving them relevant information about formulary, elegibility and medication history at the point of decision making.

The healthcare industry is witnessing an increased adoption of eRx systems due to the pressing need to curtail healthcare costs, while maintaining the quality of care provided to patients and reduce medication errors and adverse drug events (ADEs). This is expected to drive the market at a CAGR of 26% from 2012 to 2017. The global e-prescription market was pegged at $170 million in 2011 and North America is expected to be the leading region to drive the growth of the market due to increased adoption of eRx systems in this region, particularly in the U.S. By 2017 the e-prescription market to expected to reach a value of $794 million.

High cost of the e-Prescribing systems and resistance to adoption of technology, by the physician fraternity, restrain the growth of this market. The market is also witnessing a growing demand for integrated e-prescription systems, facilitating the healthcare community to shift towards the implementation of a complete electronic health record system.

The healthcare industry is plagued by the issue of privacy and maintaining security of patient data. This has been a roadblock for the entry of any new technological solution in the healthcare industry which involves patient data or patient medical records. Moreover, the limited access for experts opinion and technically trained IT professionals is expected to negatively impact the market because there is lack of awareness among end users mainly prescribers, pharmacist and associated staff regarding the working and function of applications, best vendors available in the market, cost of software and long term service provision.

Key players in the market are Cerner Corporation (U.S.), Allscripts (U.S.), Quality Systems, Inc. (U.S.), Emdeon (U.S.), and Athenahealth (U.S.).

'Global E-Prescription Market' Scope

The scope of the report spans the electronic prescribing systems market which comprises:

By Type

Stand-alone systems
Integrated systems

By Component

Hardware
Software
Services

By Delivery Mode

Licensed (on-premise)
Web-hosted
Cloud hosted

By Usage Mode

PC-based
Hand-held

By End-user

Hospitals
Office-based physicians

By Geography

North America
Europe
Asia-Pacific
Rest of the World (RoW)

Each section of the report offers market data for the various market segments and geographies. It also provides market trends with respect to drivers, restraints, and opportunities.

Related Research on the Global E-Prescription Market

- E-Prescription Systems: A US & European Market Report
- E-Prescribing Strategies

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Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

Site License

Site License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is intended for use by more than one individual, across for example, a site, an office, or a division or country.

Corporate License

Corporate License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is/are intended for use by an organisation in its entirety. For example, if reports are put on an Intranet or if they are distributed or used by more than one office, division, or country operation, then a Corporate Licence is required.

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