E-prescription Market Report 2021, By Segmentations, Key Company Profiles and Demand Forecasts to 2025

(PresseBox) ( London, )
Advancements in telemedicine have caused a sharp uptick in demand for e-prescription services across the globe. The development of a robust framework for executing e-health solutions and technologies is creating marketspace for e-prescription service providers. Furthermore, development of effective ICT solutions that can support e-prescription and e-health infrastructure is also driving greater adoption of various telemedicine offerings. The healthcare industry is an important juncture wherein physical interactions between patients and healthcare professionals (HCPs) are becoming minimum.

This trend was further accentuated by the outbreak of the COVID-19 pandemic across the globe. It is predicted that between 2021 and 2025 the global e-prescription market would witness a fundamental shift in healthcare models as HCPs embrace digital technologies and e-health solutions.

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E-Prescription a Necessity to Support Telemedicine Services

The most mature technologies within telemedicine such as telesurgery and teleradiology are making a niche across the healthcare industry. Robotic-assisted surgery is being considered with greater aplomb across various echelons of the healthcare industry. In addition to this, the COVID-19 pandemic has created formidable opportunities for adoption for telehealth technologies. Several medical professionals have pointed to the role of critical medical activities such as elective surgeries in spreading the virus. This has brought telesurgery and robotic-assisted treatment under the radar of focus in the recent past. E-prescription invariably supports several of the aforementioned e-health technologies, and has contributed towards improvement in healthcare facilities.

Availability of High-Speed Internet, Videoconferencing Platforms, and Hardware Technologies to Facilitate Adoption of E-Prescription

The adoption of an e-health system or technology cannot be isolated from the larger ecosystem of telemedicine. Therefore, it is expected that the growth of the e-prescription market would be in tandem with advancements across other services within telemedicine. Experts believe that e-health would witness comprehensive advancements that touch all aspects, stages, and components of the telemedicine infrastructure. This would mean that technologies requiring sophisticated ICT infrastructure such as telesurgery would popularize of simpler e-health systems such as e-prescription services. Cost optimization and time-saving are important factors that have brought e-prescription under the spotlight of attention in recent years.

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North America to Lead Other Regions in Terms E-Health Advancements

The American Telemedicine Association (ATA) is making robust efforts to popularize virtual visits, chat-based interactions, and remote patient monitoring (RPA) across the healthcare industry. This trend has also gained popularity in Canada where healthcare facilities are undergoing rapid improvements. The US and Canada are expected to chalk out several benefits in terms of cost, quality, and accessibility to healthcare with the adoption of telehealth services. Therefore, the e-prescription market in North America is expected to gain momentum in the times to follow. Furthermore, the low ratio of HCPs relative to the total population has also compelled these countries to adopt e-health services with greater conviction. Dedicated research lines for improving e-health facilities have also emerged in these countries.

Some of the prominent providers of e-prescription services include Athenahealth Inc., Allscripts Healthcare LLC, Cerner Corporation, Epic Systems Corporation, RelayHealth LLC, DrFirst Inc., GE Healthcare, Medical Information Technology Inc., Henry Schein Inc., and NextGen Healthcare.

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