In 2012, the market was valued at $203.4 million.
The e-prescribing market is experiencing significant growth, partly due to government initiatives to implement such systems to improve quality and reduce medication errors.
As more providers implement electronic health records with e-prescribing capabilities, the market is going to see a surge in growth, according to the news release.
However, high costs of implementing such systems, patient privacy and security concerns and lack of high-speed broadband facilities and IT professionals in rural areas present barriers to market growth, according to the release.
While Europe is currently the largest market for the e-prescribing system, North America is the fastest-growing region.
More Articles on E-Prescribing:
How do Physicians Use, Plan to Use mHealth? 14 Findings
Surescripts: Half of All Prescriptions in 2013 Were Electronically Routed
Study: Cost Largest Barrier to e-Prescribing Adoption Among Physicians
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
