Global e-Prescribing Market is poised to witness a healthy growth of 22% to reach $4 billion by 2026

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e-Prescribing is the prescriber’s ability to electronically send an accurate, error-free, and understandable prescription directly to a pharmacy from the point of care.

Covid-19 Pandemic Fuels the e-Prescribing Market Growth

Covid-19 pandemic has severely impacted the health services all across the world and health care providers were compelled to change their methods of service delivery. In the wake of the Covid-19 pandemic, e-Prescribing emerged as an important tool in creating a safe environment to avoid the spread of Covid-19, minimizing in-person consultations and paper prescription handling.

Advantages of e-Prescription Triggers the e-Prescribing Market Demands

Increasing usage of technology across every segment of healthcare has enabled the demand for e-prescription globally.

Some of the major benefits of e-prescribing are as follows:

• Reduced Pharmacist Error: As compared to hand-written prescriptions, e-prescriptions are explicit and clear in terms of prescribing treatment and dosage. This leads to reduced prescription and medication errors as it requires less interpretation from pharmacists.
• Instant Clinical Notifications: e-Prescribing systems provide notifications to prescribers about allergies, potential drug interactions, duplicate therapies, pregnancy and other issues that would be contraindicated for a patient when taking a particular medication.
• Prescription Fulfillment Tracking: e-prescription systems help doctors/clinicians track whether or not patients are adhering to prescribed medication/treatments.

Growth Strategies Adopted by Leading Players to Establish Their Foothold in e-Prescribing market

The global e-Prescribing market is marked by the presence of both established and new players. All players operating in the market adopt both organic and inorganic growth strategies such as new product launches, and acquisitions to garner higher market share. The e-Prescribing market is an emerging market that is set to gain further momentum in the upcoming years due to the medical benefits of e-prescribing, Covid-19 after-effects, favorable regulatory changes across countries, accelerated use of telemedicine, and growing focus on reducing the abuse of controlled substances.

Competitive Landscape Analysis: Global e-Prescribing Market

The global e-Prescribing market is marked by the presence of major industry players such as Allscripts, NextGen Healthcare, AdvancedMD, MDToolbox, Practice Fusion, DrFirst, RXNT, Chetu, PrognoCIS, NewCrop, among others.

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