Global ePrescribing Market (2020 to 2025) - Increased Adoption of Integrated Telehealth Solutions Due to COVID-19 Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "ePrescribing Market by Product & Services (Solution (Integrated, Standalone), Services(Implementation, Network)), by Delivery Mode (Web & Cloud based, On premise) End User (Hospitals, Physician Offices, Pharmacies), COVID-19 Impact - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global e-prescribing market is projected to reach USD 3,319.0 million by 2025 from USD 1,164.4 million in 2020, at a CAGR of 23.3% from 2020 to 2025.

The increasing adoption of EHR solutions, government initiatives and incentive programs, rising focus on reducing the abuse of controlled substances, increasing focus on reducing medical errors, and the need to curtail the escalating healthcare costs are driving the growth of the e-prescribing market. The increased adoption of integrated telehealth solutions due to COVID-19 and the emerging APAC markets are expected to provide significant growth opportunities for players in the e-prescribing market during the forecast period.

The services segment is projected to witness the highest growth in the ePrescribing market, by type of product & service, during the forecast period.

The services segment accounted for the highest CAGR of the e-prescribing market during the forecast period. This is attributed to the increasing adoption of e-prescribing, leading to the growing demand for training and education services, stringent regulations that have increased the application of implementation services for the validation and verification of hardware and software, and the need for frequent support and maintenance.

Hospitals are the fastest-growing end user segment of the ePrescribing market.

Hospitals accounted for the largest share and are the highest growing segment of the e-prescribing market, by end user. The high adoption rate of e-prescribing solutions by hospitals across the US and Europe, the use of ePrescribing solutions with EHRs and EMRs to enhance data interoperability is driving the demand for e-prescribing solutions within hospitals.

Asia Pacific market to witness the highest growth during the forecast period

Asia Pacific is expected to witness the highest growth during the forecast period (2020 to 2025). Japan, Australia, Taiwan, South Korea, India, and China are the major countries in this region that are actively adopting e-prescribing solutions.

Market Dynamics

Market Drivers

• Increasing Adoption of Ehr Solutions
• Government Initiatives & Incentive Programs
• Rising Focus on Reducing the Abuse of Controlled Substances
• Increasing Focus on Reducing Medical Errors
• Need to Curtail the Escalating Healthcare Costs

Restraints

• High Cost of Deployment
• Reluctance Among Healthcare Professionals to Adopt E-Prescribing Solutions
• Concerns Regarding Security and Workflow

Opportunities

• Increased Adoption of Integrated Telehealth Solutions Due to Covid-19
• Services Industry to Provide Opportunities for Revenue Generation
• Emerging APAC Markets

Challenges

• Lack of Technological Awareness Among End-users

Company Profiles

• Cerner Corporation
• Epic Systems Corporation
• Allscripts Healthcare Solutions, Inc.
• Athenahealth, Inc.
• Nextgen Healthcare, Inc.
• Medical Information Technology, Inc.
• Relayhealth Corporation
• Surescripts-Rxhub, LLC
• Computer Programs and Systems, Inc.
• Henry Schein, Inc.
• Drfirst, Inc.
• Emds, Inc.
• Greenway Health, LLC
• GE Healthcare
• Eclinicalworks
• Advancedmd
• Drchrono
• Mdtoolbox
• Dosespot
• Amazingcharts

For more information about this report visit https://www.researchandmarkets.com/r/2ec13u