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E-Prescribing Market – Forthcoming Trends, Global Future Forecasts, Challenges & Opportunities

The 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 , which analyzed and studied the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World. Browse: 94 market data tables 11 figures 219 pages and in-depth TOC on E-Prescribing Market

Download The PDF Brochure@ The eRx market is expected to grow from $250 million in 2012 to $794 million by 2017 at a CAGR of 26% from 2012 to 2017.

The electronic prescribing market can be segmented by type, component, delivery mode, usage mode, end-user, and geography. Products are of two main types; stand-alone and integrated systems. Cerner Corporation (U.S.) and eClinicalWorks (U.S.) are the leading players in the stand-alone eRx systems market and key players in the integrated ePrescribing systems market include Practice Fusion (U.S.) and Athena Health (U.S.). Get The Sample Pages@ Software, hardware, and services are the three components of the electronic prescribing systems. The services industry is the fastest growing since training, implementation and consultation of IT services is of prime concern to the healthcare industry. This is primarily because healthcare providers are not well acquainted with technology and its use and need assistance of trained personnel and IT professionals to set up systems and operate them.

The e-Prescribing systems market by delivery mode is further classified into on-premise or licensed, web-hosted, and cloud hosted. The market is dominated by web-hosted IT vendors such as Cerner Corporation, Practice Fusion, and Emdeon (U.S.).

The eRx market can be categorized by two types of usage modes offered by the service vendors, PC-based and handheld devices. The fifth segmentation of the market is by its

end-user, i.e. hospitals and office-based physicians. The market is also studied by geography to understand the penetration of e-Prescription in the regions of North America, Europe, Asia-Pacific, and RoW.

In February 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA) which provides substantial monetary stimulus worth $20 billion towards the development of Healthcare Information Technology.

In addition to this The HITECH Act designates electronic prescribing as an essential requirement for meaningful use under the electronic health record (EHR) incentive programs, thus driving the adoption of e-Prescribing systems. One factor contributing to the physician’s reluctance to a large extent in the U.S. has been that the federal law which prohibits doctors from prescribing controlled substances online, forcing them to alternate between paper and electronic prescribing methods.

This becomes a tedious process for doctors and hence they may end up either not purchasing the system or discontinuing their use of eRx systems. A partnership or

collaboration between network providers and software vendors will not only improve interoperability standards that qualifying systems must support but also help to offer cheaper products with greater functionality. For example, Surescripts is a network provider in the U.S. which is connected not only to various pharmacies and PBMs but also connects the software vendors on its network.

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E prescribing market forthcoming trends, global future forecasts, challenges & opportunities  

Key players in the market are Cerner Corporation (U.S.), Allscripts (U.S.), Quality Systems, Inc. (U.S.), Emdeon (U.S.), and Athenahealth (U...

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