Global E-Prescribing Market Worth $794 Million by 2017

            Global E-Prescribing Market Worth $794 Million by 2017

  PR Newswire

  DALLAS, January 9, 2013

DALLAS, January 9, 2013 /PRNewswire/ --

The report " E-Prescribing Market (Electronic Prescription/eRX) by Hardware,
Software, Services, End-users (Medical Group Practice & Hospitals), Products
(Integrated & Standalone Systems) & Deployment (Licensed, Web-hosted & Cloud)
 -  Global forecasts to 2017 " , analyzes and studies the major market
drivers, restraints, and opportunities in North America, Europe, Asia-Pacific,
and Rest of the World.

Browse  94 tables and  11 figures spread through  219 pages combined with
an in-depth TOC on " E-Prescribing Market (Electronic Prescription/eRX) by
Hardware, Software, Services, End-users (Medical Group Practice & Hospitals),
Products (Integrated & Standalone Systems) & Deployment (Licensed, Web-hosted
& Cloud)  - Global forecasts to 2017 ".
Early buyers will receive 10% customization on reports.

The e-Prescribing systems market is estimated to grow at a CAGR of 26% from
2012 to 2017. The HITECH Act designates e-prescribing as an essential
requirement for meaningful use under the electronic health records (EHR)
incentive programs, thus driving the adoption of e-Prescribing systems. Costs
can be cut down with the use of e-Prescribing systems as these help to improve
quality and efficiency and show promise in reducing costs by actively
promoting appropriate drug usage; providing information to providers and
dispensers about formulary-based drug coverage, including formulary
alternatives and co-pay information; and speeding up the process of renewing
medications. Most healthcare systems, of developing countries do not have an
integrated and well connected network. These affect the ability to effectively
use important features that integrated e-Prescribing systems offer thus
restraining the growth of this market.

The expenditure on e-health is slated to increase as a percentage of national
health budgets in this decade. As the Governments look to encourage physicians
and pharmacies to adopt the technology, e-prescription is likely to grow to
$794 million by 2017 globally. Spread of awareness and realization of the
growing need to switch to e-health will boost this technology. Regional
interconnectivity to ensure prompt transfer of patient information even as the
patient travels to another country has become the need of the hour. Hence,
besides the obvious advantages of reducing medication errors and saving upon
time and money, e-prescription is building path for a global healthcare

The market is driven by a few established companies and many small companies
operating in this industry which are striving to gain maximum market share.
The predominant strategy followed by all players of this market is launching
of new products by means of modifying the product as per changes in technology
and need of the end users which results in development of either new
innovative product or modification of the existing product. Since the
healthcare industry has long been apprehensive towards adopting IT and
technology, vendors aim to increase awareness and offer easy-to-use solutions
to the healthcare providers.

Major players such as Surescripts, Cerner Corporation, Allscripts,
Athenahealth, iMedX, DrFirst, Emdeon, eClinicalWorks, Practice Fusion and
Bizmatics are mainly focusing on the development of electronic prescription
solution as standalone or as integrated module of Electronic Health Records /
Practice Management.

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