E Prescribing Market

E Prescribing Market to Account for $887.8 million, Globally in 2019
According to a new market report published by Persistence Market Research “Global
Market Study on E-Prescribing: North America to Witness Highest Growth by 2019,” the
global E-Prescribing market was valued at USD 250.2 million in 2013 and is expected to
grow at a CAGR of 23.5% from 2013 to 2019, to reach an estimated value of USD 887.8
million in 2019.
Electronic prescribing or E-Prescribing (e-Rx) is electronic transmission of prescriptions
from physician to pharmacists using computer and other mobile devices, such as cell phone
and tablets. The global E-Prescribing market is witnessing a significant growth led by
various government programs to implement E-Prescribing systems in order to improve
quality of healthcare and reduce medication errors. E-Prescribing systems are 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 also supporting in growth of E-Prescribing
market. Additionally, improved healthcare infrastructure has increased the demand for EPrescribing system. Moreover, implementation of electronic healthcare records with EPrescribing system holds immense potential for the growth of E-Prescribing market. EPrescribing market is expected to grow a CAGR of about 23.5% during 2013-2019.
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However, high cost of E-Prescribing system and lack of patient privacy and security impede
growth of E-Prescribing market. Moreover, lack of high-speed broadband facilities and IT
professionals in rural areas are also some of the key restraints for the E-Prescribing market.
Europe holds the largest share in E-Prescribing market. Many eHealth projects in Europe are
playing a vital role in the adoption of E-Prescribing system such as European Patient Smart
Open Services (epSOS) and Schleswig-Holstein Health Initiative.
However, North America is the fastest growing region in the E-Prescribing market.
Increased adoption of E-Prescribing system and improved healthcare infrastructure are
major drivers for E-Prescribing market in North America. Moreover, several government
initiatives are also promoting the usage of E-Prescribing system such as Health Information
Technology for Economic and Clinical Health (HITECH) Act and National Council for
Prescription Drugs Program.
In Asia, usage of E-Prescribing system is increasing due to medical infrastructure
development and government initiative programs. Growing medical infrastructure has led to
improvement in primary healthcare services, village clinics and urban healthcare centers
through the adoption of healthcare IT technologies.
Henry Schein, Inc. and Cerner Corporation are the leading players in the global EPrescribing market. Other major players of E-Prescribing market include athenahealth, Inc.,
DrFirst, eClinicalWorks, HealthFusion, Inc., and Practice Fusion, Inc.
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