E-prescribing systems are widely utilized in the preparation of complete medication lists. Moreover, they also aid data security checks and extraction of complete information of patient history and formulary. The worldwide E-prescribing market is gaining traction because of increasing applications in healthcare and substantial support from governments across the world.
Growing need for improved healthcare quality and minimized medication errors is another key driver expected to fuel the market growth during the forecast period. A large number of medical and healthcare centers and hospitals in developing economies are increasingly implementing electronic health record systems (EHRs), which can further bolster the demand for E-prescribing.
However, widespread adoption of E-prescribing systems is facing limitation thanks to higher initial costs and risks associated with security and privacy of patients’ data. This is often a significant factor which will still deter the market growth over the forecast period.
Despite their benefits, end users remain hesitant to adopt e-prescribing solutions mainly thanks to the high costs involved. The prices aren't limited to the one-time purchase of a system, but also include recurrent expenses like those incurred by implementation services, maintenance and support services, integration of e-prescribing with EHR/EMR, and, in some instances, training and education. This restricts smaller hospitals and office-based physicians from investing in e-prescribing solutions, especially within the emerging APAC and Latin American markets.
Covid-19 Impact on E-Prescribing Market:
In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
E-Prescribing Market Segment Overview
By product type, integrated system accountable market growth on forecast period.
By end-user, Hospital market segment has shared significant market growth and also increasing concerns of health there is huge demand of office –based physician.
By Delivery Mode, The web- and cloud-based model offers improved performance and reliability by avoiding long deployment cycles. It also minimizes upfront investments without incurring high infrastructure costs because the user can access the software from any compatible system using an access ID or username and password.
Market Analysis, Insights and Forecast – By Product Type
· Integrated system
· Stand-alone system
Market Analysis, Insights and Forecast – By End Use
· Hospital
· Office-based physician
Market Analysis, Insights and Forecast – By Delivery Mode
· Web-based
· On-premise/licensed
· Cloud-based
E-Prescribing Market Regional Overview
Region-wise, in terms of regions, North America is anticipated to dominate the market over the forecast period, attributable to a high number of state initiatives and incentives within the region. Europe is that the second-largest market for e-prescription software, attributable to the strict regulatory policies in European countries to prevent medical errors. Furthermore, initiatives by the EU are further anticipated to lead to growth. While many countries don't accept e-prescriptions from other countries, the EU issued a circular allowing the utilization of an e-prescription issued by a practitioner during a different country while visiting a pharmacy in another EU country.
E-Prescribing Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
E-Prescribing Market Competitor overview
Some key developments and strategies adopted by manufacturers in the E-Prescribing are highlighted below.
· In June 2019, Allscripts (US) acquired ZappRx (US) to help Veradigm’s e-prescribing solutions by integrating it with the automated prior authorization platform, thus adding value to its existing platform.
E-Prescribing Market, Key Players
· Allscripts
· GENERAL ELECTRIC COMPANY
· athenahealth, Inc
· Daw Systems, Inc
· NewCrop, LLC
· eClinicalWorks
· Change Healthcare.
· Practice Fusion, Inc
· Henry Schein
· Surescripts
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global E-Prescribing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Integrated system
- 5.2.2. Stand-alone system
- 5.3. Market Analysis, Insights and Forecast – By End Use
- 5.3.1. Hospital
- 5.3.2. Office-based physician
- 5.4. Market Analysis, Insights and Forecast – By Delivery Mode
- 5.4.1. Web-based
- 5.4.2. On-premise/licensed
- 5.4.3. Cloud-based
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America E-Prescribing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Integrated system
- 6.2.2. Stand-alone system
- 6.3. Market Analysis, Insights and Forecast – By End Use
- 6.3.1. Hospital
- 6.3.2. Office-based physician
- 6.4. Market Analysis, Insights and Forecast – By Delivery Mode
- 6.4.1. Web-based
- 6.4.2. On-premise/licensed
- 6.4.3. Cloud-based
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe E-Prescribing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Integrated system
- 7.2.2. Stand-alone system
- 7.3. Market Analysis, Insights and Forecast – By End Use
- 7.3.1. Hospital
- 7.3.2. Office-based physician
- 7.4. Market Analysis, Insights and Forecast – By Delivery Mode
- 7.4.1. Web-based
- 7.4.2. On-premise/licensed
- 7.4.3. Cloud-based
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific E-Prescribing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Integrated system
- 8.2.2. Stand-alone system
- 8.3. Market Analysis, Insights and Forecast – By End Use
- 8.3.1. Hospital
- 8.3.2. Office-based physician
- 8.4. Market Analysis, Insights and Forecast – By Delivery Mode
- 8.4.1. Web-based
- 8.4.2. On-premise/licensed
- 8.4.3. Cloud-based
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa E-Prescribing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Integrated system
- 9.2.2. Stand-alone system
- 9.3. Market Analysis, Insights and Forecast – By End Use
- 9.3.1. Hospital
- 9.3.2. Office-based physician
- 9.4. Market Analysis, Insights and Forecast – By Delivery Mode
- 9.4.1. Web-based
- 9.4.2. On-premise/licensed
- 9.4.3. Cloud-based
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Allscripts
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. GENERAL ELECTRIC COMPANY
- 10.6. athenahealth, Inc
- 10.7. Daw Systems, Inc
- 10.8. NewCrop, LLC
- 10.9. eClinicalWorks
- 10.10. Change Healthcare.
- 10.11. Practice Fusion, Inc
- 10.12. Henry Schein
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
