Government Incentive Programs to Boost the E-Prescribing Market

Government Incentive Programs to Boost the E-Prescribing Market

E-Prescribing is the system to broadcast information related to prescription among prescriber, dispenser, and pharmacy benefit manager electronically that allows a doctor and nurse to broadcast a new prescription electronically when any error in medication takes place at any stage in pharmacy operations. The global E-Prescribing market was worth US$111.2 million in terms of revenue in 2009. The market expanded itself to US$203.4 million in 2012, rising at 22.3% CAGR from 2009 to 2012. In 2013, the market was valued at US$250.2 million and is estimated to reach US$887.8 at 23.5% CAGR from 2013 to 2019.

Browse Full Global E-Prescribing Market Report With Complete TOC @

The E-Prescribing system is used in a number of applications, which includes preparation of complete medication list, complete information of formulary, data security checks, and patient chronological data. These highly developed features of E-Prescribing are some of the main factors that drive the market. In addition to these, enhanced healthcare and medical infrastructure has resulted in the rise in demand for E-Prescribing system. However, increasing cost of E-Prescribing system and lack of the privacy and security of patient create hindrances in the growth of E-Prescribing market. Lack of high-speed broadband facilities and IT professionals in rural areas are also some of the key restraints for the E-Prescribing market.

Surescripts, a countrywide health information network, recently reported that more than 1 billion prescriptions were sent electronically in the U.S.A in 2013. It was 788 million in 2012.

E-Prescribing Market - Analyzing the Driving Factors

The E-Prescribing market is analyzed on the basis of various segments, such as products, components, delivery, usage, end-user applications, and regional markets.

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