|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The global e-prescription market has been forecast to increase at a compound annual growth rate (CAGR) of 26% over the next five years, increasing from a valuation of $170 million in 2012, to hit a market value of $794 million by 2017.
Electronic prescribing or e-prescribing (e-Rx) is the computer-based electronic generation, transmission and filling of a medical prescription, taking the place of paper and faxed prescriptions.
E-prescribing allows a physician, nurse practitioner, or physician assistant to electronically transmit a new prescription or renewal authorisation to a community or mail-order pharmacy.
It outlines the ability to send error-free, accurate, and understandable prescriptions electronically from the healthcare provider to the pharmacy. E-prescribing is meant to reduce the risks associated with traditional prescription script writing.
This is of key importance because in 2000, the Institute of Medicine identified medication errors as the most common type of medical error in health care, estimating that this leads to several thousand deaths each year.
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 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 global e-prescription market include Cerner Corporation, Allscripts, Quality Systems, Inc, Emdeon, and Athenahealth.
For more information on the global e-prescription market, see the latest research: Global E-Prescription Market
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during October. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.