E Prescribing Market
E-Prescribing or electronic prescribing is the process of electronically generating and sending a prescription order to a pharmacy directly from the point of care. E-Prescribing improves accuracy, enhances patient safety and quality of care as there are no chances of false interpretation by pharmacist in prescriptions. With the help of e-prescribing tools healthcare providers can enter prescription information into a computer device such as a laptop, tablet, or desktop computer and securely transmit the prescription to pharmacies using a special software program and connectivity to a transmission network.
Market Dynamics
Increasing inorganic growth strategies such as partnership among the market player is expected to drive the market growth over the forecast period. For instance, in September 2020, MediRecords, a clinical and practice management software, partnered with the eRX Script Exchange, a prescriptions exchange servicing company, to provide electronic prescriptions directly to patients with fast-track compliance. This partnership will help the company in further expansion of the company in software sector.
Furthermore, increasing demand to reduce medication errors caused due to wrong interpretation and pronunciation of drugs. For instance, on July 3, 2022, National Center for Biotechnology Information, published a report on Medication Dispensing Errors and Prevention, which reported that close to 6,800 prescription medications and countless over-the-counter drugs are available in the U.S., whereas each year, in the U.S. alone, 7,000 to 9,000 people die as a result of a medication error. Additionally, hundreds of thousands of other patients experience but often do not report an adverse reaction or other medication complications. The total cost of looking after patients with medication-associated errors exceeds US$ 40 billion each year in US.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
*Browse 35 market data tables and 27 figures on “e-Prescribing Market” - Global forecast to 2030
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