Market Overview:
The global e-prescribing software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and web-based e-prescribing software solutions, owing to their ease of use and scalability. Additionally, the growing adoption of e-prescribing by hospitals and office-based physicians is also contributing to the growth of this market. However, lack of standardization across countries is restraining the growth of this market. North America dominates the global e-prescribing software market, followed by Europe and Asia Pacific.
Product Definition:
E-Prescribing software is a type of medical software that allows healthcare providers to send prescriptions electronically to pharmacies. E-prescribing can improve the accuracy of medication orders, help to identify potential drug interactions, and provide patients with information about their medications.
Cloud Based:
Cloud-based software is a type of electronic prescribing system which involves the integration of data from multiple sources such as EMR/EHR, Cerner, etc. to provide a complete record of patient information and prescriptions to be used by healthcare providers for medication administration. Cloud based systems are gaining popularity due to its cost effectiveness and ease in useability.
Web Based:
The global web-based and its usage in E-Prescribing Software market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes increasing demand for cost effective solutions, rising government initiatives, and growing need to comply with federal regulations. For instance, according to a study conducted by IGI in 2017; around 75% of healthcare organizations indicated their preference for web-based software as compared to 12% who preferred cloud based software.
Application Insights:
Based on application, the global e-prescribing software market is segmented into hospitals, office-based physicians and others. Hospitals held the largest share in 2017 owing to their ability to generate substantial revenue through implementation of these solutions. Furthermore, they are also able to offer advanced features such as electronic health records integration which enables easy access to patient¢â‚¬â„¢s medical history from different healthcare providers.
The office-based physicians segment is expected register significant growth over the forecast period due to increasing demand for efficient methods of communication between patients and their doctors that do not require a face-to-face meeting or physical presence at all times during treatment process. This has led many companies including EZ Textbook Solutions Pvt Ltd., Healthline Media Pvt Ltd., Meritnation Inc., Quick Heal Technologies India Pvt Ltd., etc.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate, and continuous investments by them. The region is expected to maintain its dominance throughout the forecast period owing to factors such as increasing geriatric population base with chronic conditions requiring regular medication and growing awareness about e-prescribing software among physicians.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to factors such as improving healthcare infrastructure, rising prevalence of target diseases requiring timely medication which are leading towards increased demand for e-prescribing software in this region. Moreover, government initiatives encouraging digitalization are also expected favorably impact regional growth over the next eight years.
Growth Factors:
- Increasing demand for E-Prescribing Software from small and medium-sized healthcare organizations due to the advantages of using such software.
- The growing trend of using mobile devices for prescription purposes is expected to drive the growth of the E-Prescribing Software market in the coming years.
- Rising awareness about the benefits of E-Prescribing Software among physicians and patients is projected to fuel market growth over the forecast period.
- Growing investments by key players in research and development activities are likely to propel market expansion during the forecast period. 5) The increasing number of mergers and acquisitions between key players is anticipated to create new opportunities for growth in this market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
E-Prescribing Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Hospitals, Office-based Physicians
By Companies
CoverMyMeds, BDM Pharmacy, PrimeSuite, Practice Fusion, PrescribeWellness, Rcopia, DigitalRX, Speed Script, PharmASSIST, QuickVerify, RxAXIS Suite, RxMaster, DxScript, E-Rx, Lytec, OrderConnect
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global E-Prescribing Software Market Report Segments:
The global E-Prescribing Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Office-based Physicians
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CoverMyMeds
- BDM Pharmacy
- PrimeSuite
- Practice Fusion
- PrescribeWellness
- Rcopia
- DigitalRX
- Speed Script
- PharmASSIST
- QuickVerify
- RxAXIS Suite
- RxMaster
- DxScript
- E-Rx
- Lytec
- OrderConnect
Highlights of The E-Prescribing Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Hospitals
- Office-based Physicians
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the E-Prescribing Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
E-Prescribing software is a computer application that helps physicians prescribe medications electronically. The software can be used to create and manage electronic prescriptions, track medication adherence, and generate reports on patient outcomes.
Some of the major companies in the e-prescribing software market are CoverMyMeds, BDM Pharmacy, PrimeSuite, Practice Fusion, PrescribeWellness, Rcopia, DigitalRX, Speed Script, PharmASSIST, QuickVerify, RxAXIS Suite, RxMaster, DxScript, E-Rx, Lytec, OrderConnect.
The e-prescribing software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 E-Prescribing Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 E-Prescribing Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 E-Prescribing Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the E-Prescribing Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global E-Prescribing Software Market Size & Forecast, 2018-2028
4.5.1 E-Prescribing Software Market Size and Y-o-Y Growth
4.5.2 E-Prescribing Software Market Absolute $ Opportunity
Chapter 5 Global E-Prescribing Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 E-Prescribing Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global E-Prescribing Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 E-Prescribing Software Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Office-based Physicians
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global E-Prescribing Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 E-Prescribing Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America E-Prescribing Software Analysis and Forecast
9.1 Introduction
9.2 North America E-Prescribing Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America E-Prescribing Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America E-Prescribing Software Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Office-based Physicians
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe E-Prescribing Software Analysis and Forecast
10.1 Introduction
10.2 Europe E-Prescribing Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe E-Prescribing Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe E-Prescribing Software Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Office-based Physicians
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific E-Prescribing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific E-Prescribing Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific E-Prescribing Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific E-Prescribing Software Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Office-based Physicians
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America E-Prescribing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America E-Prescribing Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America E-Prescribing Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America E-Prescribing Software Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Office-based Physicians
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) E-Prescribing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) E-Prescribing Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) E-Prescribing Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) E-Prescribing Software Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Office-based Physicians
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 E-Prescribing Software Market: Competitive Dashboard
14.2 Global E-Prescribing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CoverMyMeds
14.3.2 BDM Pharmacy
14.3.3 PrimeSuite
14.3.4 Practice Fusion
14.3.5 PrescribeWellness
14.3.6 Rcopia
14.3.7 DigitalRX
14.3.8 Speed Script
14.3.9 PharmASSIST
14.3.10 QuickVerify
14.3.11 RxAXIS Suite
14.3.12 RxMaster
14.3.13 DxScript
14.3.14 E-Rx
14.3.15 Lytec
14.3.16 OrderConnect
