E-Prescribing Market Segmented By Integrated system, Stand-alone system Product Type in Software, Hardware, Services in Web-based, On-premise/licensed, Cloud-based Delivery Mode
The global e-prescribing market, which had revenues of US$250.2 million in 2013, is anticipated to reach US$887.8 million by the end of 2019. The market will grow at a startling CAGR of about 23.5% from 2013 to 2019 according to forecasts.
The e-prescribing market is driving a significant revolution in healthcare delivery as digital prescription solutions replace traditional paper-based processes. With the aim of improving patient safety, enhancing efficiency, and reducing medication errors, e-prescribing has gained widespread adoption, transforming the way healthcare professionals prescribe and manage medications.
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One of the key drivers behind the market’s revolution is the need for improved patient safety and medication management. E-prescribing systems offer built-in checks and alerts, helping healthcare professionals avoid potential errors such as drug interactions, allergies, and incorrect dosages. By digitizing the prescription process, e-prescribing reduces the risk of miscommunication and enhances patient safety, ensuring that the right medications are prescribed accurately.
Furthermore, the market expansion can be attributed to the increased efficiency and convenience that e-prescribing brings to healthcare delivery. Digital prescription solutions streamline the prescription process, eliminating the need for handwritten prescriptions, phone calls, and faxing. This results in faster and more accurate transmission of prescriptions to pharmacies, reducing waiting times and improving overall patient care. Additionally, e-prescribing systems offer real-time access to patient medication histories, empowering healthcare professionals to make informed decisions and provide personalized care.
The versatility of e-prescribing is also contributing to the market’s growth. E-prescribing solutions are designed to integrate seamlessly with electronic health record (EHR) systems, allowing healthcare providers to have a comprehensive view of a patient’s medical history and medication profiles. This integration enables more effective communication and collaboration among healthcare teams, improving care coordination and patient outcomes.
As healthcare delivery continues to embrace digital solutions, the e-prescribing market is set to revolutionize medication management and patient care. Industry stakeholders are investing in innovative technologies and interoperable systems to ensure the widespread adoption of e-prescribing across healthcare settings. The market’s revolution is driven by the commitment to improving patient safety, enhancing efficiency, and advancing the overall quality of healthcare delivery.
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In conclusion, the e-prescribing market is revolutionizing healthcare delivery by replacing paper-based prescriptions with digital solutions. With a focus on patient safety, efficiency, and convenience, e-prescribing systems are transforming the way medications are prescribed and managed. As healthcare providers increasingly embrace digital solutions, the market is expected to continue its rapid growth, revolutionizing medication management and improving patient care.
Companies Covered in This Report –
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Segment Analysis
By Product Type
By Component
By Delivery Mode
By Usage Mode
By End-User
By Region
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Jun 28, 2023