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The global e-prescribing market has been divided into solutions and services based on products. Due to increased penetration and high development costs, solutions had a significant market share of the product segment in 2020. Over the forecast period, the service segment is projected to expand significantly.
Due to a large number of government programs and incentives in the region, North America is projected to dominate the market over the forecast period. Due to the strict regulatory measures in European countries to avoid medical errors, Europe is the second-largest market for e-prescribing. In addition, the initiatives taken by the European Union are expected to drive the development of the market. In 2020, the European Union released a directive permitting the use of an e-prescription provided by a doctor in a foreign country when visiting a pharmacy in another EU country.
Moreover, favourable government policies like incentive programs and strict regulations on handwritten prescriptions because of medical errors are the key reasons for the overall market growth. For instance, handwritten medical prescriptions were banned by the United Arab Emirates Ministry of Health and Prevention in 2018. Private health facilities are required to have printed or electronic copies of the prescriptions in compliance with this circular initiative.
General Electric Company (NYSE: GE), one of the leading key players in the industry, enables the e-prescribing of GSK vaccines under their GE centricity EHR. For electronically prescribing a vaccine in GE Centricity, the prescriber must select several prescription elements, like dosing and quantity, to order the prescribed drug accurately. The procedure is identical to e-prescribing drugs and therefore, should be familiar to the prescriber. Such developments are expected to aid the growth of the market in the coming years too.
Market Analysis by Product, Delivery Mode, Usability, End Use, and Region:
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The major key players in the global e-prescribing market include companies like General Electric Company, Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., NextGen Healthcare Inc., Athenahealth, Inc., Henry Schein, Inc., Drfirst, Inc., and Surescripts, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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