Published on : Feb 03, 2016
Very few healthcare related markets can boast of a growth rate equivalent to the global e-prescription market. Armed with a CAGR of 23.5% between 2013 and 2019, this market is expected to reach US$887.8 mn before the end of 2019. There are multiple reasons that justify this high growth rate. Perhaps the most important one is the high level of implementation of e-prescription systems by government bodies in their healthcare organizations. The global e-prescription market promises to reduce the time taken to treat a patient while providing a major advantage of error reduction during the transmission of data from physician to pharmacist.
Flurry of Acquisitions Create Scope of Growth in Global E-Prescription Market
One of the major trends in the global e-prescription market, as with most major healthcare markets, is the recent wave of mergers and acquisitions. The most recent one in this list is the acquisition of Medago by PetalMD. PetalMD is the largest network of physicians in Canada and has successfully taken over the pharmaceutical firm from Montreal. This acquisition, according to PetalMD spokespersons, has allowed them to go one step further in maintaining their promise of serving the large Canadian community of medical personnel, specialists, and physicians, by closing the primary care circle after including the pharmacist. With the acquisition of Medago, PetalMD can now enter the global e-prescription market.
Improved Certifications Boost Player Importance in Global E-Prescription Market
CareSpan International, Inc. announced recently that it has successfully fulfilled the requirements to gain a SureScripts certification. The certification was achieved in association with DoseSpot, which is a leading platform in the global e-prescription market. DoseSpot enables the integration of Surescripts, due to which the physicians that are using the Virtual Clinic provided by CareSpan can now send e-prescriptions to more than 65,000 pharmacies actoss the U.S. CareSpan was the first online digital healthcare delivery system which can achieve the requirements for an in-person examination through the patient-provider video integration, along with other means including real-time specialist consultations, e-prescriptions, ECG, and medical images.