E-Prescribing Market Elevation Scaling New Heights with Dazzling Trends | Cerner Corporation, Epic Systems Corporation

Report OceanFeb. 23, 2024 07:21

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Report Ocean provides a thorough analysis of the E-Prescribing Market, examining it from multiple perspectives. This study delves into crucial elements including market drivers, challenges, R&D opportunities, and obstacles from 2024 to 2032. The main objective is to comprehensively examine the “E-Prescribing Market“, focusing on key industry players. The report offers insights into the market’s historical progress, current status, and future trends. It provides details on volume, share, revenue, production, and sales. Utilizing approaches like PESTEL, PORTER, and SWOT analysis, the study highlights financial factors for competitiveness and marketing strategies. Various research techniques, including interviews, surveys, and social media monitoring, are employed to analyze consumer behaviors in-depth Analysis.


Electronic prescribing or e-prescribing is a digital application that securely provides bidirectional electronic information exchange between payers/PBMs, pharmacies, prescribing providers, directly or through an intermediary network. E-prescribing includes routing prescriptions that ensures prescribed drug against the patient’s health formulary of covered drugs, obtains prior authorization, gains any known patient drug allergies, identifies any drug-drug interactions, provides access to patients’ medication history from external sources, and sends or receives acknowledgement of prescriptions filled. The major capability of e-prescribing is to support important process in care delivery, such as medication management, medication reconciliation, and prior authorization, this in turn is driving the e-prescribing market growth.


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Factors that drive the growth of the global e-prescribing market include rise in focus of developed government initiatives and incentive programs toward adoption of e-prescribing solutions, rise in focus on the reduction of fraud and abuse of controlled substances, and increase in need to curtail escalating healthcare costs. However, e-prescribing solutions are costly to integrate in the EHR or HIT systems and rise in concerns associated with security & workflow of digital healthcare records are major factors that hinder the e-prescribing market growth. Furthermore, increase in development of healthcare infrastructure and rise in adoption of e-prescribing in the developing countries across Asia-Pacific are opportunistic factors of the global e-prescribing market.


On June 8th, 2023, the Bureau of Economic Analysis and the U.S. Census Bureau jointly released a report highlighting the resurgence of the U.S. market. The comprehensive analysis extended to the recovery of U.S. International Trade in July 2022. Notably, April 2022 witnessed a notable upswing in exports, reaching $300 billion, signifying a $13.4 billion surge. Concurrently, imports saw an increase to $294.5 billion, marking a substantial growth of $17.4 billion.


Despite the ongoing challenges posed by the persistent impact of COVID-19 on global economies, the report underscored a positive trajectory in the U.S. market. The year-over-year comparison between April 2020 and April 2022 revealed a decline in exports but a noteworthy rise in imports during the same period, indicative of the market’s evident attempts at recovery. However, it is essential to acknowledge that this recovery will directly influence the Consumer Goods industries, creating significant opportunities in the Market. The evolving market dynamics call for strategic considerations and proactive measures within the Consumer Goods sector to capitalize on the emerging trends and navigate the evolving landscape successfully.


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The e-prescribing market is segmented on the basis of component, deployment, end user, and region. By component, it is categorized into solutions and services. On the basis of deployment, it is divided on-premise and cloud. Depending on end user, it is classified into hospitals, office-based physicians, and pharmaceuticals. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.


KEY BENEFITS FOR STAKEHOLDERS:


– The study provides an in-depth analysis of the current & future trends of the market to elucidate the imminent investment pockets.

– Information about key drivers, restraints, and opportunities and their impact analysis on the global e-prescribing market size is provided.

– Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the global e-prescribing industry.

– The quantitative analysis of the market from 2018 to 2026 is provided to determine the global e-prescribing market potential.


KEY MARKET PLAYERS

– Allscripts Healthcare, LLC

– Athenahealth, Inc.

– Cerner Corporation

– Change Healthcare

– DrFirst.com, Inc.

– eClinicalWorks

– Epic Systems Corporation

– Medical Information Technology, Inc.

– Practice Fusion, Inc.

– Surescripts


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Analysis of the top key players operating in the E-Prescribing Market:


Medical Information Technology, Inc:


Medical Information Technology, Inc. (MEDITECH) is a prominent provider of healthcare information technology solutions, including electronic health record (EHR) systems and e-prescribing software. In the E-Prescribing market, MEDITECH offers a comprehensive e-prescribing solution integrated within its EHR platform. MEDITECH’s e-prescribing software enables healthcare providers to electronically generate and transmit prescriptions to pharmacies, improving medication management, reducing errors, and enhancing patient safety.


With its intuitive user interface, clinical decision support features, and integration with pharmacies and drug databases, MEDITECH’s e-prescribing solution streamlines the prescribing process, enhances medication adherence, and promotes interoperability across healthcare settings. With its long-standing presence in the healthcare IT industry and focus on patient-centered solutions, MEDITECH is a key player in the E-Prescribing market, serving healthcare organizations and providers worldwide.


Athenahealth, Inc:


Athenahealth, Inc. is a leading provider of cloud-based healthcare IT solutions, including electronic health records (EHR), practice management, and revenue cycle management software. In the E-Prescribing market, Athenahealth offers a robust e-prescribing solution as part of its integrated EHR platform. Athenahealth’s e-prescribing software enables healthcare providers to electronically prescribe medications, access patients’ medication history, and check for drug interactions and allergies in real-time.


With its user-friendly interface, automated workflows, and integration with pharmacies and drug databases, Athenahealth’s e-prescribing solution helps improve medication management, enhance patient safety, and streamline the prescribing process for healthcare providers. With its focus on cloud-based technology and commitment to delivering innovative solutions, Athenahealth is a key player in the E-Prescribing market, serving healthcare organizations and practices of all sizes.


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eClinicalWorks:


eClinicalWorks is a leading provider of healthcare IT solutions, including electronic health records (EHR), practice management, and patient engagement software. In the E-Prescribing market, eClinicalWorks offers a comprehensive e-prescribing solution integrated within its EHR platform. eClinicalWorks’ e-prescribing software enables healthcare providers to electronically prescribe medications, access patients’ medication history, and check for drug interactions and formulary information in real-time. With its intuitive interface, clinical decision support features, and connectivity to pharmacies and drug databases, eClinicalWorks’ e-prescribing solution improves medication management, enhances patient safety, and reduces prescription errors. With its focus on delivering comprehensive and integrated healthcare IT solutions, eClinicalWorks is a key player in the E-Prescribing market, serving healthcare organizations, clinics, and physician practices across the globe.


KEY MARKET SEGMENTS

By Component

– Solutions

– Services


By Deployment

– On-premise

– Cloud


By End User

– Hospitals

– Office-based Physicians

– Pharmaceuticals


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By Region

– North America

o U.S.

o Canada

– Europe

o Germany

o France

o UK

o Rest of Europe

– Asia-Pacific

o Japan

o China

o India

o Rest of Asia-Pacific

– LAMEA

o Latin America

o Middle East

o Africa


Table of Contents:



  1. Executive Summary

  2. Introduction

  3. Methodology

  4. Market Overview

  5. Market Analysis

    • Market Size and Forecast

    • Market Trends

    • Market Dynamics

    • Market Segmentation



  6. Competitive Landscape

    • Competitive Scenario

    • Key Players



  7. Regional Analysis

    • Regional Market Overview

    • Market Size and Forecast by Region



  8. Product/Service Analysis

    • Product/Service Overview

    • Market Size and Forecast by Product/Service



  9. End-User Analysis

    • End-User Overview

    • Market Size and Forecast by End-User



  10. Industry Structure

  11. Key Findings and Recommendations

  12. Conclusion…


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COVID-19 Impact on the Market:



  • The pandemic led to significant disruptions in universe supply chains and trade flows. Lockdowns, restrictions, and factory closures in various countries affected the production and movement of goods. This initially resulted in reduced demand for dry van containers, as many businesses scaled back operations.

  • As consumer demand shifted during the pandemic, certain types of cargo saw increased demand. Dry van containers were used to transport essential goods such as medical supplies, personal protective equipment (PPE), pharmaceuticals, and groceries. At the same time, containerized shipments of non-essential items declined.

  • The pandemic exposed imbalances in the availability of dry van containers. Shipping disruptions, port congestion, and uneven trade flows led to shortages of containers in some regions while causing surpluses in others. This imbalance affected container pricing and availability.

  • The disruptions in universe trade, coupled with increased demand for essential goods, resulted in rising shipping costs. Freight rates soared, affecting the overall cost of containerized shipping and logistics.

  • The pandemic affected the maintenance and repair schedules for dry van containers. Lockdowns and travel restrictions hindered maintenance activities and inspections, potentially leading to longer-term maintenance challenges.

  • Companies and industries recognized the need for greater supply chain resilience in the face of future disruptions. This led to discussions and investments in strategies that may involve more robust container logistics, redundancy in supply chains, and digital solutions for better supply chain visibility.

  • The pandemic accelerated the adoption of digital solutions in logistics and supply chain management, including the use of digital platforms for container booking and tracking. E-commerce also surged, driving demand for containerized shipments of goods ordered online.

  • Governments implemented various regulations and safety measures in response to the pandemic, impacting shipping practices and container handling. This included health and safety protocols at ports and terminals, affecting container operations.

  • As COVID-19 vaccines were developed and distributed, dry van containers played a vital role in the transportation of vaccine doses and related supplies, highlighting their importance in universe health crises.

  • The pandemic prompted businesses to reevaluate their supply chain strategies, prioritize risk mitigation, and explore alternatives to ensure resilience against future disruptions. This may influence decisions related to container procurement, storage, and redundancy.


Here’s how this research report helps the Entrepreneurs and CEOs:



  • The most thorough find out about on this industry, encompassing 12 regions, will furnish you an absolutely worldwide view.

  • Recognize the influence of the coronavirus on the market increase and how it is anticipated to alternate and increase as the virus’s results fade.

  • Develop countrywide and regional plans primarily based on lookup and evaluation carried out locally.

  • Find funding possibilities in developing segments over 2024-2032

  • Top operate opponents with the aid of the usage of forecast records as nicely as market drivers and trends.

  • Recognize client desires based totally on latest market lookup results.

  • Performance comparisons with massive rivals.

  • For higher planning, take use of the connections between essential records sets.

  • Appropriate for the use of high-quality, truthful facts and evaluation to guide your interior and exterior presentations


Key Benefits for Stakeholders



  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the universe market analysis from 2024 to 2032 to identify the prevailing universe market opportunities.

  • The Market research is offered along with information related to key drivers, restraints, and opportunities.

  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the universe market segmentation assists to determine the prevailing sepsis diagnostic market opportunity.

  • Major countries in each region are mapped according to their revenue contribution to the universe Industry.

  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

  • The report includes the analysis of the regional as well as universe market trends, key players, market segments, application areas, and market growth strategies.


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About Report Ocean:


We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our universe network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.


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