Electronic prescribing software, also known as e prescribing software, is the modern health information tool that enables healthcare providers to directly send prescriptions electronically to the intended pharmacy. This medical information technology has been evolving over the years.
Growth Rate of E-Prescriptions Across the Globe
The e-prescribing market that was valued at more than USD 250 million during the year 2013 has crossed almost USD 900 million by 2019. Europe was dominant with a large market share in the E-prescribing software domain until recently. Currently, the United States has started leading the extensive growth in the global E-prescribing software market.
More than 70% of the physicians in the United States are found to use E-prescribing software while 96% of pharmacies are found to have been wired to accept e-prescriptions. In Asia, the adoption of E-prescribing software is fast gaining momentum in the several nations.
The global market of e-prescribing systems is expected to register healthy growth. Increasing governmental incentive programs and initiatives have been the driving factors behind this. The initiatives are aimed at cutting health care costs, improving health care quality, and eliminating or reducing prescription errors.
Mandatory health care-related programs and innovative projects in the developed countries are said to be the other reasons that propel the growth of the E-prescribing software market globally.
Region-wise Analysis of E-prescribing software Market
Government funding and initiatives have been rising in the North American region comprising the United States and Canada. This has considerably increased the scope of the market for the e-prescribing systems in this region.
The rising health care networks, as well as increasing health care-related projects, bode well for a healthy market share in Europe. Europe has started following the electronic submission of prescription and patient summaries, paving the way for increased use of E-prescribing software in the future.
Asia Pacific region is expected to register a fast growth for the E-prescribing software market. Factors such as a growing number of health care projects and programs related to the enhancement of patient safety and better care, increasing health care organizations, and governmental requirements are expected to increase the growth rate of E-prescribing software in this region.
Governmental mandates such as the Meaningful Use and Health Information Technology for Economic and Clinical Health (HITECH) Act necessitate the integration of e-prescribing systems with EHRs. This further drives the growth rate of E-prescribing software.
The robust 75Health E-prescribing software helps the health care providers and their patients by reducing human errors and ensuring patient safety. It provides amazing benefits to both the providers and their patients.