Digital Prescribing Technology Market Trends, Revenue, Key Players, Growth, Share and Forecast to 2027

Reports and data

Increasing adoption of digitized electronic prescription and improving medical technology is driving the market.

NEW YORK, NY, USA, April 1, 2022 /EINPresswire.com/ — The global digital prescription technology market is expected to reach $7.76 billion by 2027, according to a new report from Reports and Data. The market is gaining momentum with the increase in the adoption of advanced technologies in the healthcare sector. It provides a wide range of applications and offers a complete form of medical data, ensures security controls and also ensures complete confidentiality of patient information.

The market has witnessed an increase in demand over the past few years due to increasing internet penetration and emergence of advanced technologies in the healthcare industry. Digital health has become a successful business and is currently attracting several companies from outside of healthcare. Growing need to improve healthcare quality and minimize prescription errors is another crucial driver fueling the market growth over the forecast period. Many medical and healthcare centers and hospitals in developing economies are increasingly using automated health record systems, which will further drive the need for digital prescribing technology.

Nevertheless, the widespread adoption of digital prescribing operations is facing restrictions due to higher upfront costs and risks related to the security and privacy of patient data. This is expected to hamper the growth of the market over the forecast period.

The growing investment in healthcare startups has gained momentum, which has further increased the market demand. Newcomers are coming up with new ways to make these apps more user-friendly and trying to tap into more opportunistic growth areas. A total of $7.5 billion has been invested in various start-ups, attempting to digitize the US healthcare system. The number was still lower than that invested in 2018, 8.1 billion USD. Babylon Health in the UK was the largest recipient of investment in 2019, with over $500 million in private investment received, followed by Ginkgo Bioworks, a bioengineering company that designs microbes, which received $300 million.

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Key Offers of the Global Digital Prescribing Technology Market report:

In-Depth Overview of the Digital Prescribing Technology Market Landscape
Key details about the regional segmentation of the Digital Prescribing Technology market
Analysis of crucial market trends with respect to current and emerging trends
Comprehensive overview of major manufacturers and key industry players
In-depth study of market segmentation and recent developments

Market dynamics:

The continued efforts of key players to develop advanced therapies and drugs, the rapid adoption of advanced technologies such as artificial intelligence, additive manufacturing, advertising blockchain technologies, among others, and the growing attention to precision medicine have led to rapid changes in the pharmaceutical and healthcare industry. The legalization and acceptance of medical marijuana, the growing attention to connected devices in healthcare, and the popularization of beyond the pill have further revolutionized the healthcare industry. The emergence of the COVID-19 pandemic has played a crucial role in advancing the healthcare industry with a rapid shift in emphasis on preventative healthcare, increased awareness of health and wellness -being, the growth of telemedicine and teleconsultation and the rapid adoption of advanced technologies to meet the growing patient base.

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Competitive Landscape:

The report offers a comprehensive overview of the competitive landscape of the market to offer key insights on major companies operating in the market. The section examines in detail the initiatives and innovations adopted by the major players to gain a firm foothold in the market. It also provides information on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market.

Major companies in the market include:

Practice Fusion, Inc., Epic Systems Corporation, Change Healthcare Holdings, Inc., DrFirst, Inc., Computer Programs and Systems Inc., Quality Systems, Inc., Surescripts-RxHub, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Henry Schein, Inc., among others.

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Product Outlook (Revenue, USD Billion; 2017-2027)

Integrated solutions
Stand-alone solutions
Service

Delivery Mode Outlook (Revenue, USD Million; 2017-2027)

the Web
Cloud
On the site

End User Outlook (Revenue, USD Billion; 2017-2027)

Doctors in office
Hospital
Pharmacy

Regional analysis:

The section covers comprehensive analysis of key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and presence of industry players. prominent in each region. The regional analysis segments also offer country-wise analysis to offer a panoramic view of the market and help investors, clients, stakeholders, and companies better understand the opportunities and scope for growth in the Digital Prescribing Technology market. .

The regional analysis covers:

North America (United States, Canada, Mexico)
Europe (UK, Italy, Germany, France, Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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