Global E-Prescribing Market Worth $794 Million by 2017

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″.

http://www.marketsandmarkets.com/Market-Reports/e-prescription-systems-market-910.html

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)
[http://www.marketsandmarkets.com/Market-Reports/e-prescription-systems-market-910.html ]
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 structure.

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
[http://www.marketsandmarkets.com/Market-Reports/e-prescription-systems-market-910.html ]
solution as standalone or as integrated module of Electronic Health Records / Practice
Management.

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