Global e-prescription market is expected to show robust growth with an impressive CAGR in the forecast period, 2016-2026 on the account of surging demand for the errorless medical prescription. Rising adoption of the EHR solutions, government initiatives, and incentive programs, is driving the growth of the global e-prescription market in the upcoming five years. Moreover, rapidly increasing focus on reducing the abuse of controlled substance is further aiding the growth of the global e-prescription market in the next five years. Also, during the two years long and still ongoing, pandemic conditions due to widespread COVID-19, the consumers were forced to opt for online consultation and thus the e-prescription thereby rapidly increasing the instances and thus the growth of the global e-prescription market in the future five years. The advantages like expert consultation and medicine prescription, etc. at the comfort of patient’s home thereby helping them in following the lockdown regulations, are further aiding the growth of the global e-prescription market in the forecast period, until 2026.
E-prescriptions are widely accepted healthcare service in recent trend that is an online medical prescription that are often provided after online consultation from the registered and approved medical practitioners of various fields. E-prescriptions are often beneficial incase the patient is not able to visit the doctor regularly or in emergency conditions. Pregnant and soon expecting mothers, and patients affected by sexual issues, mental health disorders, etc. are widely using these services for the emergency consultation and medicinal prescriptions
The global e-prescriptions market is segmented by component, mode of delivery, end-user segment analysis, competitional landscape, and regional distribution. Based on component, the market is further segmented between solutions and services. Solution sub-segment is divided into standalone solutions and integrated solutions. Solutions segment dominated the component segment due to surging demands for standalone solutions. Standalone solutions are comparatively cheaper and easier to install than integrated solutions. Standalone solutions are anticipated to register the largest revenue shares of the market in the upcoming five years, on the account of efficient functioning of the software and the services for doctors, physicians, as well as the patients. The applications may require the double entry of any clinical data. Services sub-segment is also anticipated to register fastest growing CAGR values due to the surging demands in various fields and for different patients.
Holding the major shares of the global e-prescription market are Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare, LLC, NextGen Healthcare, Athenahealth, Inc., RelayHealth, LLC, GE Healthcare, DrFirst, Inc., Medical Information Technology, Inc., Henry Schein, Inc., Change Healthcare, Epic Systems Corporation, Practice Fusion, Inc., Eclinicalworks, Surescripts, among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through e-prescription. Further advancement would aid the market value and brand establishment in the future five years.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global e-prescription market from 2016 to 2019.
- To estimate and forecast the market size of global e-prescription market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global e-prescription market based on component, mode of delivery, end-user segment analysis, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global e-prescription market.
- To identify drivers and challenges for global e-prescription market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global e-prescription market.
- To identify and analyze the profile of leading players operating in global e-prescription market.
- To identify key sustainable strategies adopted by market players in global e-prescription market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of global e-prescription market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to e-prescription
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
