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E-prescribing Market to Exhibit 21.0% CAGR by Top Key Players and Industry Analysis Forecast to 2026

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Avani Sable
E-prescribing Market to Exhibit 21.0% CAGR by Top Key Players and Industry Analysis Forecast to 2026

The global e-prescribing market size is expected to touch USD 4,017.79 million by the end of 2026, attributable to the incorporation of e-prescribing software in the Electronic Health Record (EHR) solutions. E-prescribing or electronic prescribing is a new technologic infrastructure that helps the medical professionals to write and send prescriptions directly to the pharmacy. Fortune Business Insights, in its recent report, titled, “E-prescribing Market Size, Share & Industry Analysis, By Delivery Mode (Web-based, On-premise), By Prescription Type (Controlled substance, Non controlled Substances) By End User (Hospitals, Physician's offices, Pharmacies) and Regional Forecast, 2019-2026,” states that the value of the market was USD 863.64 million in 2018 and will exhibit a CAGR of 21.0% during 2019 to 2026.

For more information in the analysis of this report, visit:  https://www.fortunebusinessinsights.com/e-prescribing-market-102698

The current outbreak of the COVID-19 pandemic has stirred the global economy. Most of the international trade is at halt now, while some are struggling to generate meagre revenues. Governments of various nations have imposed safety regulations. We hope to fall out of this situation to a better one soon. Fortune Business Insights is offering a few individual reports on the impacts of coronavirus on various markets. These reports will benefit the investors to chalk out the revenue generation plans during this situation accordingly.

Cost-efficiency Features to Add Boost to Market

The e-prescribing software program allows doctors to transmit a prescription to the pharmacies and healthcare clinics without losing any medical history of the patient. This, coupled with the associated benefits, such as quality medical care and improved safety of the patients, are the key factors promoting the electronic prescribing market growth. Additionally, they are convenient for both the physician and the patient. They are more cost-efficient, as compared to the traditional prescription methods. It would, thereby augment the growth of the market during the forecast period.

On the flip side, implementing a new e-prescribing setup is expensive and requires high cost for maintenance, as well. This may hamper the market growth in the coming years. Nevertheless, the adoption of these therapeutic solutions in emerging economies is expected to create new opportunities for the market to flourish in the coming years. Nevertheless, the prevalence of various diseases requiring outpatient checkup services is likely to create lucrative growth opportunity in the near future.

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