2013-01-30 08:57:06 - Market By Hardware, Software, Services, End-users, Products & Deployment
eRx (Electronic Prescribing/e-Prescribing) Market By Hardware, Software, Services, End-users (Medical Group Practice & Hospitals), Products (Integrated & Standalone Systems) & Deployment (Licensed, Web-hosted & Cloud) - Global Forecasts to 2017
Electronic prescribing can be considered as one important aspect of a larger technological transformation in the healthcare industry. Electronic prescribing is rapidly becoming a standard of practice in the developed countries of the world and a significant rise is seen in the adoption rate among hospitals and office-based prescribers. eRx empowers more informed decision making by making patient formulary, eligibility and medication history information available at the point that prescribing decisions are made. This report analyzes the global market for e-Prescribing systems by product (stand-alone and integrated), deployment modes, usage modes,
components, end-users, and geography.
Full Report Details at
- www.fastmr.com/prod/531726_erx_electronic_prescribingeprescribin ..
The healthcare industry is witnessing an increased adoption of eRx systems due to the pressing need to curtail healthcare costs, while maintaining the quality of care provided to patients and reduce medication errors and adverse drug events (ADEs). This is expected to drive the market at a CAGR of 26% from 2012 to 2017. The global e-prescription market was pegged at $170 million in 2011 and North America is expected to be the leading region to drive the growth of the market due to increased adoption of eRx systems in this region, particularly in the U.S.
High cost of the e-Prescribing systems and resistance to adoption of technology, by the physician fraternity, restrain the growth of this market. The market is also witnessing a growing demand for integrated e-prescription systems, facilitating the healthcare community to shift towards the implementation of a complete electronic health record system.
The healthcare industry is plagued by the issue of privacy and maintaining security of patient data. This has been a roadblock for the entry of any new technological solution in the healthcare industry which involves patient data or patient medical records. Moreover, the limited access for experts opinion and technically trained IT professionals is expected to negatively impact the market because there is lack of awareness among end users mainly prescribers, pharmacist and associated staff regarding the working and function of applications, best vendors available in the market, cost of software and long term service provision.
Key players in the market are Cerner Corporation (U.S.), Allscripts (U.S.), Quality Systems, Inc. (U.S.), Emdeon (U.S.), and Athenahealth (U.S.).
Scope of the Report
The scope of the report spans the electronic prescribing systems market which comprises:
Global e-Prescribing Systems Market
By Delivery Mode
By Usage Mode
Rest of the World (RoW)
Each section of the report offers market data for the various market segments and geographies. It also provides market trends with respect to drivers, restraints, and opportunities.
Partial Table of Contents:
1.1 KEY TAKE-AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 KEY DATA POINTS FROM SECONDARY SOURCES
1.5.3 KEY DATA POINTS FROM PRIMARY SOURCES
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 E-PRESCRIBING SYSTEM
3.1.1 E-PRESCRIBING PROCESS
3.1.3 TRANSACTION HUB
3.1.5 PHARMACY BENEFIT MANAGER
3.2 MARKET SEGMENTATION
3.3 MARKET DYNAMICS
184.108.40.206 Government initiatives & incentive programs contribute to the growth of e-Prescribing systems across the globe
220.127.116.11 The MIPPA e-Prescribing incentive programme launched by Medicare spur the adoption of e-Prescribing systems
18.104.22.168 e-Prescribing leads to significant savings for the healthcare industry
22.214.171.124 Better quality of healthcare and minimization of errors
126.96.36.199 Physician's reluctance to adoption of technology
188.8.131.52 Poor infrastructure intensifies complications
184.108.40.206 Financial constraints due to added costs as compared to traditional prescription systems
220.127.116.11 Increased collaboration between software vendors and network providers to offer cost efficient products in the market
3.3.4 MARKET SHARE ANALYSIS, BY KEY PLAYERS
4 BENEFITS & CHALLENGES OF E-PRESCRIBING SYSTEMS
4.1 BENEFITS OF E-PRESCRIBING
4.1.1 IMPROVED PATIENT SAFETY & QUALITY OF CARE
4.1.2 REDUCES THE TIME REQUIRED TO COMMUNICATE WITH PHARMACIES
4.1.3 AUTOMATED RENEWAL REQUEST & AUTHORIZATION PROCESS
4.1.4 CONNECTS WITH THE ENTIRE HEALTHCARE DELIVERY PROCESS
4.2 CHALLENGES FOR E-PRESCRIBING
4.2.1 COSTS OF IMPLEMENTATION & RETURNS
4.2.2 RESISTANCE TO CHANGE
4.2.3 HARDWARE & SOFTWARE SELECTION
4.2.4 SECURITY & PRIVACY
4.2.5 SYSTEM DOWNTIME
5 GLOBAL E-PRESCRIPTION MARKET, BY PRODUCT TYPE
5.1.1 STAND-ALONE SYSTEMS
5.1.2 INTEGRATED SYSTEMS
5.1.3 COST COMPONENTS OF AN E-PRESCRIBING SYSTEM
6 GLOBAL E-PRESCRIBING MARKET, BY COMPONENT
6.3.1 ACCESS DEVICES
6.3.4 STORAGE DEVICES
6.3.5 NETWORKING DEVICES
6.4.2 IMPLEMENTATION SERVICES
Full Table of Contents is available at:
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. The company publishes high-level strategically analyzed reports for over ten industry verticals and serves as a business intelligence partner to Fortune 500 companies across the world. View more research from Markets and Markets at www.fastmr.com/catalog/publishers.aspx?pubid=1014
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.