E-prescribing is the process involving electronic sharing and production of prescription orders in a way that practitioners like gynecologists and physicians can send the e-copy of a patient’s prescription directly to the pharmacy immediately. It is also called electronic prescribing, the software is able to send various medications in a single order. It also ensures ease of usage as well. It streamlines the previous authorization submissions and also shares e-coupons with the pharmacists with orders. So, basically, e-prescribing solutions help provide medication to needy patients in lesser time and more efficiency.
Increased convenience and flexibility by e-prescribing solutions are among the key factors driving the global e-prescribing market. Governments all over the world are also focusing on reducing opioid medicine abuses by making them available by medical prescription only. The strict rules imposed on e-prescribing services tend to prevent the misuse of the controlled substances. Besides, it also reduces the risks of prescription duplication and consuming inappropriate dosage. It also gives suggestions to the practitioner about certain conditions of the patients like pregnancy, allergies, breastfeeding, etc.
However, the risk of medical errors is one of the major factors likely to hinder market growth in the future. However, several private healthcare practitioners, pharmacies, hospitals, and clinics are adopting the current trend of online consultation and telemedicine. This is another factor fueling the growth of the global e-prescribing market.
The global e-prescribing market is broadly categorized into delivery type, service, region, and end-user. Based on service, the global market is segmented into maintenance & support maintenance services, network services, implementation services, standalone solutions, integrated solutions, education & training services, and others. In terms of end-user, the market is segregated into hospitals, clinics, pharmacies, individual healthcare practitioners, and others. On the basis of delivery mode, the global e-prescribing market is divided into cloud and web-based prescribing solutions.
The global e-prescribing market is estimated to be led by Asia Pacific region within the forecast period. This is attributed to rising digitization in several healthcare companies that are focusing on streamlining the complete workflow to attain utmost patient safety. Some of the leading countries that are adopting e-prescribing solutions are Australia, Japan, Taiwan, India, South Korea, and China. Moreover, rising initiatives by the government to adopt EMR solutions, increase in geriatric population, increasing cases of COVID-19 patients, rising healthcare expenses, the prevalence of chronic diseases, and increased buying ability among the people are some of the other major factors behind the regional growth.
The key players operating in the global e-prescribing market are Medical Information Technology, Inc., RelayHealth LLC, Henry Schein, Cerner Corporation, NextGen Healthcare, GE Healthcare, athenahealth Inc., DrFirst Inc., and others. To cite, Surescripts has decided to migrate its E-Prescribing and Medication History services in September 2021 to the National Council of Prescription Drug Programs (NCPDP) SCRIPT Standards.