U.S. E-Prescribing Market Size to Reach Revenues of USD 1,234.27 Million by 2027 - Arizton

U.S. E-Prescribing Market Size to Reach Revenues of USD 1,234.27 Million by 2027 - Arizton

PR Newswire

CHICAGO, Dec. 22, 2021

- E-prescribing allows real-time, secure, and bi-directional electronic connectivity between prescribers and pharmacies

-  The adoption of CDS systems as a knowledge management strategy helps in the decision-making process within health care settings.

CHICAGO, Dec. 22, 2021 /PRNewswire/ -- The U.S. e-prescribing market is expected to grow at a CAGR of over 20.68% during the period 2021−2027.

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Key Highlights Offered in the Report:  

  1. COVID-19 impacted positively to adapt e-prescribing service. Additionally, CDC mandates and recommends as safety concern to limit patient contact during pandemic. This leads to establishing a strong connection between electronic health solutions such as e-prescribing. Reduction in hospital readmissions, safety of healthcare workers, and reduced pharmacy time are the benefits of e-prescribing.
  2. Investment in digital health services is a major driving factor of the e-prescribing market in the US. In comparison with earlier years, 2021 has seen huge investment by the US companies to adapt digital health solutions. The federal government has played an instrumental role in stimulating the adoption of e-prescribing solutions and encouraging associated research by providing incentives for e-prescribing programs.
  3. The market has limited number of vendors and there is great competition in the existing players. With technological advancement in healthcare solutions, players offering the e-prescribing solutions across the US will increase, along with attractiveness of this industry and the profit potential of the vendors offerings.
  4. Standard e-prescribing dominated prescribing type segment in the market. E-prescribing software increases the effectiveness and efficiency of patient care through automated clinical decision support and tracking complete medication profiles. Vendors are mainly focusing on the customized software development to enhance the adoption of e-prescribing.
  5. Web and cloud-based dominated the delivery mode segment in the market. With the help of e-prescribing solutions pharmacy industry significantly improved effectiveness, efficiency, and quality of health services.
  6. EHR, telehealth, and pharmacy software vendors accounted for the major share in the end user segment of the e-prescribing market. Electronic health records (EHR) plays an integral role in the adoption e-prescribing in the healthcare facilities. It offers benefits such as patient safety, communication with providers and physician workflow management etc.

Key Offerings:

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U.S. E-Prescribing Market – Segmentation

U.S. E-Prescribing Market by Type

U.S. E-Prescribing Market by Delivery Mode

U.S. E-Prescribing Market by Modality

U.S. E-Prescribing Market by Medication Type

U.S. E-Prescribing Market by End-User

U.S. E-Prescribing Market – Dynamics

With the development of new artificial intelligence (AI) methods in machine learning, medical practice is changing. Coupled with the rapid improvement in computer processing, these AI-based systems have already improved the accuracy and efficiency of diagnosis and treatment in various areas. AI plays a role in patient safety, including preventing drug overdose. AI uses drug history to predict the likelihood of opioid overdose before it occurs and helps clinicians identify this life-threatening risk. Using the patient's medical history and prescription history from EHR or previous claims, the algorithm calculates an overdose risk score and predicts the risk of a patient who accidentally overdoses a prescribed opioid. Machine learning CDS (Clinical Decision Support) tools are a viable approach to improving the detection of medication errors and preventing patient harm. The correct implementation of AI-enabled decision support systems improves error detection, patient stratification, drug management, and patient safety.

Key Drivers and Trends fueling Market Growth:

Major Vendors

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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