HOME Top Market Reports E-Prescribing Market (Electronic Prescription/Erx) By Hardware, Software, Services, End-Users (Medical Group Practice & Hospitals), Products (Integrated & Standalone Systems) & Deployment (Licensed, Web-Hosted & Cloud) – Global Forecasts To 2017

E-Prescribing Market (Electronic Prescription/Erx) By Hardware, Software, Services, End-Users (Medical Group Practice & Hospitals), Products (Integrated & Standalone Systems) & Deployment (Licensed, Web-Hosted & Cloud) – Global Forecasts To 2017

By: marketsandmarkets.com
Publishing Date: January 2013
Report Code: HIT 1370

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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.

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 Type
    • Stand-alone systems
    • Integrated systems
  • By Component
    • Hardware
    • Software
    • Services
  • By Delivery Mode
    • Licensed (on-premise)
    • Web-hosted
    • Cloud hosted
  • By Usage Mode
    • PC-based
    • Hand-held
  • By End-user
    • Hospitals
    • Office-based physicians
  • By Geography
    • North America
    • Europe
    • Asia-Pacific
    • 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.

TABLE OF CONTENTS
 
1 INTRODUCTION
  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION
  1.3 MARKETS COVERED
  1.4 STAKEHOLDERS
  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
      1.5.4 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW
  3.1 E-PRESCRIBING SYSTEM
      3.1.1 ERX PROCESS
      3.1.2 PRESCRIBER
      3.1.3 TRANSACTION HUB
      3.1.4 PHARMACY
      3.1.5 PHARMACY BENEFIT MANAGER
  3.2 MARKET SEGMENTATION
      3.2.1 DRIVERS
            3.2.1.1 GOVERNMENT INITIATIVES & INCENTIVE PROGRAMS CONTRIBUTE TO THE GROWTH OF ERX SYSTEMS ACROSS THE GLOBE
            3.2.1.2 THE MIPPA ERX INCENTIVE PROGRAMME LAUNCHED BY MEDICARE SPUR THE ADOPTION OF ERX SYSTEMS
            3.2.1.3 ERX LEADS TO SIGNIFICANT SAVINGS FOR THE HEALTHCARE INDUSTRY
            3.2.1.4 BETTER QUALITY OF HEALTHCARE AND MINIMIZATION OF ERRORS
      3.2.2 RESTRAINTS
            3.2.2.1 PHYSICIAN’S RELUCTANCE TO ADOPTION OF TECHNOLOGY
            3.2.2.2 POOR INFRASTRUCTURE INTENSIFIES COMPLICATIONS
            3.2.2.3 FINANCIAL CONSTRAINTS DUE TO ADDED COSTS AS COMPARED TO TRADITIONAL PRESCRIPTION SYSTEMS
      3.2.3 OPPORTUNITY
            3.2.3.1 INCREASED COLLABORATION BETWEEN SOFTWARE VENDORS AND NETWORK PROVIDERS TO OFFER COST EFFICIENT PRODUCTS IN THE MARKET
      3.2.4 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 INTRODUCTION
      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
  6.1 INTRODUCTION
  6.2 SOFTWARE
  6.3 HARDWARE
      6.3.1 ACCESS DEVICES
      6.3.2 PERIPHERALS
      6.3.3 SERVERS
      6.3.4 STORAGE DEVICES
      6.3.5 NETWORKING DEVICES
  6.4 SERVICES
      6.4.1 CONSULTING
      6.4.2 IMPLEMENTATION SERVICES
      6.4.3 POST-SALE & MAINTENANCE
      6.4.4 TRAINING SERVICES

7 GLOBAL E-PRESCRIBING MARKET, BY DELIVERY MODE
  7.1 INTRODUCTION
  7.2 ON-PREMISE
  7.3 WEB-BASED
      7.3.1 BENEFIT OF WEB-BASED DELIVERY MODEL
      7.3.1.1 ANYTIME, ANYWHERE ACCESS AT REDUCED COST
  7.4 CLOUD
      7.4.1 CLOUD SET TO GROW AS THE MOST PREFERRED DELIVERY MODEL

8 GLOBAL E-PRESCRIBING MARKET, BY USAGE MODE
  8.1 INTRODUCTION
  8.2 PC-BASED
  8.3 HAND-HELD

9 GLOBAL E-PRESCRIBING MARKET, BY END-USER
  9.1 INTRODUCTION
  9.2 HOSPITALS
  9.3 OFFICE-BASED PHYSICIANS

10 E-PRESCRIPTION MARKET, BY GEOGRAPHY
  10.1 INTRODUCTION
  10.2 NORTH AMERICA
      10.2.1 U.S.
      10.2.2 CANADA
            10.2.2.1 PRIVACY CONSIDERATIONS AFFECT GROWTH OF ERX MARKET IN CANADA
  10.3 EUROPE
      10.3.1 EUROPEAN EMR ADOPTION MODEL
            10.3.1.1 U.K.
            10.3.1.2 DENMARK
            10.3.1.3 SWEDEN
            10.3.1.4 THE NETHERLANDS
            10.3.1.5 FRANCE
      10.3.1.6 ROE
  10.4 ASIA-PACIFIC
  10.5 ROW

11 COMPETITIVE LANDSCAPE
  11.1 INTRODUCTION
  11.2 MERGERS & ACQUISITIONS
  11.3 COLLABORATIONS/PARTNERSHIPS/AGREEMENTS/JOINT VENTURES 139
  11.4 NEW PRODUCT DEVELOPMENTS/PRODUCT MODIFICATION
  11.5 OTHERS

12 COMPANY PROFILES(OVERVIEW, FINANCIALS, PRODUCTS & SERVICES, STRATEGY, AND DEVELOPMENTS)*
  12.1 ABEL MEDICAL SOFTWARE, INC.
  12.2 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
  12.3 ATHENAHEALTH, INC.
  12.4 BIZMATICS, INC.
  12.5 CERNER CORPORATION
  12.6 DRFIRST, INC.
  12.7 ECLINICALWORKS, LLC
  12.8 EMDEON, INC.
  12.9 E-MDS, INC.
  12.10 IMEDX, INC.
  12.11 INSTANTDX, LLC (A SUBSIDIARY OF IMMUNOMATRIX,    INC.).
  12.12 HENRY SCHEIN MEDICAL SYSTEM, INC. (A SUBSIDIARY   OF HENRY SCHEIN, INC.)
  12.13 NEWCROPRX, LLC
  12.14 PRACTICE FUSION, INC.
  12.15 QUALITY SYSTEM, INC.
  12.16 SURESCRIPTS-RXHUB, LLC
*DETAILS ON FINANCIALS, PRODUCT & SERVICES, STRATEGY, AND DEVELOPMENTS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
 
 
LIST OF TABLES
 
TABLE 1 GLOBAL E-PRESCRIBING MARKET, BY PRODUCT TYPE,2010 – 2017 ($MILLION)
TABLE 2 CMS ELECTRONIC PRESCRIBING INCENTIVE PROGRAM
TABLE 3 GLOBAL STAND-ALONE ERX MARKET, BY COMPONENT, 2010 – 2017 ($MILLION)
TABLE 4 GLOBAL STAND-ALONE ERX MARKET, BY DELIVERY MODE, 2010 – 2017 ($MILLION)
TABLE 5 GLOBAL STAND-ALONE ERX MARKET, BY USAGE MODE, 2010 – 2017 ($MILLION)
TABLE 6 GLOBAL STAND-ALONE ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 7 STAND-ALONE SYSTEMS ERX MARKET, BY GEOGRAPHY, 2010 – 2017 ($MILLION)
TABLE 8 GLOBAL INTEGRATED ERX MARKET, BY COMPONENT,2010 – 2017 ($MILLION)
TABLE 9 GLOBAL INTEGRATED ERX MARKET, BY DELIVERY MODE, 2010 – 2017 ($MILLION)
TABLE 10 GLOBAL INTEGRATED ERX MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
TABLE 11 GLOBAL INTEGRATED ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 12 INTEGRATED SYSTEMS ERX MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 13 GLOBAL ERX MARKET, BY COMPONENTS,2010 – 2017 ($MILLION)
TABLE 14 GLOBAL ERX SOFTWARE MARKET, BY DELIVERY MODE, 2010 – 2017 ($MILLION)
TABLE 15 ERX SOFTWARE MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 16 GLOBAL ERX HARDWARE MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
TABLE 17 ERX HARDWARE MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 18 GLOBAL ERX SERVICES MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 19 ERX SERVICES MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 20 GLOBAL ERX MARKET, BY DELIVERY MODE,2010 – 2017 ($MILLION)
TABLE 21 ON-PREMISE ERX MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 22 GLOBAL ON-PREMISE ERX MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
TABLE 23 GLOBAL ON-PREMISE ERX MARKET, BY END-USERS,2010 – 2017 ($MILLION)
TABLE 24 WEB-BASED ERX MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 25 GLOBAL WEB-BASED ERX MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
TABLE 26 GLOBAL WEB-BASED ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 27 CLOUD ERX MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 28 GLOBAL CLOUD ERX MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
TABLE 29 GLOBAL CLOUD ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 30 GLOBAL ERX MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
TABLE 31 PC-BASED ERX MARKET, BY GEOGRAPHY2010 – 2017 ($MILLION)
TABLE 32 GLOBAL PC-BASED ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 33 HAND-HELD ERX MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 34 GLOBAL HAND-HELD ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 35 GLOBAL ERX MARKET, BY END-USER,2010 – 2017 ($MILLION)
TABLE 36 ERX HOSPITALS MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 37 ERX OFFICE BASED PHYSICIANS MARKET, BY GROUP SIZE, 2010 – 2017 ($MILLION)
TABLE 38 ERX PGP MARKET, BY GEOGRAPHY,2010 – 2017 ($MILLION)
TABLE 39 ERX MARKET BY GEOGRAPHY, 2010 – 2017 ($MILLION)
TABLE 40 NORTH AMERICA: E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 41 NORTH AMERICA: STAND-ALONE E-PRESCRIBING MARKET,BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 42 NORTH AMERICA: INTEGRATED E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 43 NORTH AMERICA: HARDWARE E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 44 NORTH AMERICA: SOFTWARE E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 45 NORTH AMERICA: SERVICES E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 46 NORTH AMERICA: ON-PREMISE E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 47 NORTH AMERICA: WEB-BASED E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 48 NORTH AMERICA: CLOUD E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 49 NORTH AMERICA: PC-BASED E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 50 NORTH AMERICA: HANDHELD E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 51 NORTH AMERICA: HOSPITAL E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 52 NORTH AMERICA: OFFICE-BASED PHYSICIANS E-PRESCRIBING MARKET, BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 53 EUROPE: E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 54 EUROPE: STAND-ALONE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 55 EUROPE: INTEGRATED E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 56 EUROPE: HARDWARE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 57 EUROPE: SOFTWARE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 58 EUROPE: SERVICES E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 59 EUROPE: ON–PREMISE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 60 EUROPE: WEB-HOSTED E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 61 EUROPE: CLOUD E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 62 EUROPE: PC-BASED E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 63 EUROPE: HANDHELD E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 64 EUROPE: HOSPITAL E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 65 EUROPE: OFFICE-BASED PHYSICIAN E-PRESCRIBING MARKET,BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 66 APAC: E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 67 APAC: STAND-ALONE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 68 APAC: INTEGRATED E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 69 APAC: HARDWARE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 70 APAC: SOFTWARE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 71 APAC: SERVICES E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 72 APAC: ON–PREMISE E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 73 APAC: WEB-HOSTED E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 74 APAC: CLOUD E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 75 APAC: PC-BASED E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 76 APAC: HANDHELD E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 77 APAC: HOSPITAL E-PRESCRIBING MARKET, BY COUNTRY,2010 – 2017 ($MILLION)
TABLE 78 APAC: OFFICE-BASED PHYSICIAN E-PRESCRIBING MARKET,BY COUNTRY, 2010 – 2017 ($MILLION)
TABLE 79 MERGERS & ACQUISITIONS, 2010 – 2012
TABLE 80 COLLABORATIONS/PARTNERSHIPS/AGREEMENTS/ JOINT VENTURES, 2010 – 2012
TABLE 81 NEW PRODUCT DEVELOPMENTS/PRODUCT MODIFICATION,2010 – 2012
TABLE 82 OTHER STRATEGIES, 2010 – 2012
TABLE 83 ALLSCRIPTS: TOTAL REVENUE AND R&D EXPENDITURE,2009 – 2011 ($MILLION)
TABLE 84 ALLSCRIPTS: TOTAL REVENUE, BY SEGMENT, 2009 – 2011 ($MILLION)
TABLE 85 ALLSCRIPTS: TOTAL REVENUE, BY GEOGRAPHY,2009 – 2011 ($MILLION)
TABLE 86 ATHENAHEALTH: TOTAL REVENUE AND R&D EXPENDITURE,2009 – 2011 ($MILLION)
TABLE 87 CERNER CORPORATION: TOTAL REVENUE AND R&D EXPENDITURE, 2009 – 2011 ($MILLION)
TABLE 88 CERNER CORPORATION: TOTAL REVENUE, BY SEGMENT,2009 – 2011 ($MILLION)
TABLE 89 CERNER CORPORATION: TOTAL REVENUE, BY GEOGRAPHY,2009 – 2011 ($MILLION)
TABLE 90 EMDEON: TOTAL REVENUE, BY SEGMENT, 2008 – 2010 ($MILLION)
TABLE 91 HENRY SCHEIN: TOTAL REVENUE, BY SEGMENT,2009 – 2011 ($MILLION)
TABLE 92 HENRY SCHEIN : TOTAL REVENUE, BY GEOGRAPHY,2009 – 2011 ($MILLION)
TABLE 93 QUALITY SYSTEM : TOTAL REVENUE AND R&D EXPENDITURE,2010 – 2012 ($MILLION)
TABLE 94 QUALITY SYSTEM: TOTAL REVENUE, BY SEGMENT,2010 – 2012 ($MILLION)
 
 
LIST OF FIGURES
 
FIGURE 1 E-PRESCRIBING SYSTEM
FIGURE 2 E-PRESCRIBING PROCESS
FIGURE 3 E-PRESCRIBING SYSTEMS MARKET SEGMENTATION
FIGURE 4 ELECTRONIC-PRESCRIBING MARKET SHARE ANALYSIS, 2011
FIGURE 5 GLOBAL E-PRESCRIBING MARKET SHARE, BY PRODUCT TYPE,2011 & 2017
FIGURE 6 GLOBAL E-PRESCRIBING SYSTEMS MARKET, BY COMPONENTS,2010 – 2017 (%) 55
FIGURE 7 GLOBAL E-PRESCRIBING MARKET, BY DELIVERY MODE, 2011 & 2017
FIGURE 8 GLOBAL E-PRESCRIBING MARKET, BY USAGE MODE,2010 – 2017 ($MILLION)
FIGURE 9 E-PRESCRIBING MEDICAL GROUP PRACTICE MARKET, BY GROUP SIZE, 2011 VS 2017 (%)
FIGURE 10 E-PRESCRIBING MARKET, BY GEOGRAPHY, 2010 – 2017 (%)
FIGURE 11 KEY GROWTH STRATEGIES, 2010 – 2012

 

    The electronic prescribing market can be segmented by type, component, delivery mode, usage mode, end-user, and geography. Products are of two main types; stand-alone and integrated systems. Cerner Corporation (U.S.) and eClinicalWorks (U.S.) are the leading players in the stand-alone eRx systems market and key players in the integrated e-Prescribing systems market include Practice Fusion (U.S.) and Athena Health (U.S.).

    Software, hardware, and services are the three components of the electronic prescribing systems. The services industry is the fastest growing since training, implementation and consultation of IT services is of prime concern to the healthcare industry. This is primarily because healthcare providers are not well acquainted with technology and its use and need assistance of trained personnel and IT professionals to set up systems and operate them. The e-Prescribing systems market by delivery mode is further classified into on-premise or licensed, web-hosted, and cloud hosted. The market is dominated by web-hosted IT vendors such as Cerner Corporation, Practice Fusion, and Emdeon (U.S.).

    The eRx market can be categorized by two types of usage modes offered by the service vendors, PC-based and handheld devices. The fifth segmentation of the market is by its end-user, i.e. hospitals and office-based physicians. The market is also studied by geography to understand the penetration of e-Prescription in the regions of North America, Europe, Asia-Pacific, and RoW.

    The eRx market is expected to grow from $250 million in 2012 to $794 million by 2017 at a CAGR of 26% from 2012 to 2017. In February 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA) which provides substantial monetary stimulus worth $20 billion towards the development of Healthcare Information Technology. In addition to this The HITECH Act designates electronic prescribing as an essential requirement for meaningful use under the electronic health record (EHR) incentive programs, thus driving the adoption of e-Prescribing systems. One factor contributing to the physician’s reluctance to a large extent in the U.S. has been that the federal law which prohibits doctors from prescribing controlled substances online, forcing them to alternate between paper and electronic prescribing methods. This becomes a tedious process for doctors and hence they may end up either not purchasing the system or discontinuing their use of eRx systems. A partnership or collaboration between network providers and software vendors will not only improve interoperability standards that qualifying systems must support but also help to offer cheaper products with greater functionality. For example, Surescripts is a network provider in the U.S. which is connected not only to various pharmacies and PBMs but also connects the software vendors on its network.

    E-PRESCRIBING SYSTEMS MARKET, BY GEOGRAPHY, 2011

    e-Prescribing-Systems-Market

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