Pune, India -- (SBWire) -- 11/16/2018 --The main objective of this report is to define, describe, and forecast the global "Prescription Management Software" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global Prescription management software market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.
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Rapidly growing technological advancements in the healthcare and the pharmaceutical industries are driving the growth of the Prescription management software market
Rapidly growing technological advancements in the healthcare and the pharmaceutical industries are driving the growth of the Prescription management software market. In addition, the growing geriatric population and high occurrence chronic diseases across the world creates a huge demand for strong and reliable medication system. In addition, growing adoption of medication systems from healthcare professionals and pharmacists are anticipated to boost the growth of the Prescription management software. The various government organizations are investing in the new technologies to ensure the minimum medication error, efficient workflow, and reliable and user-friendly system are likely to escalate the growth of Prescription management software market. However, High implantation cost is hindering the growth of the prescription management market.
Victoria announces launched its SafeScript prescription monitoring system
In September 2017, Victoria's SafeScript real-time prescription monitoring system is online with the Western Victoria Primary Health Network poised to be the first to use the platform designed to prevent doctor shopping. SafeScript will be activated across the state early next year, according to the state's Minister for Health Jill Hennessy, who this week joined clinicians at a Yarraville pharmacy. Deaths caused by prescription medicine misuse have outnumbered the road toll in Victoria for the last six years, including 414 in 2017, but SafeScript aims to save lives by providing clinicians and pharmacists with up-to-date information on patients' prescription histories. It will also monitor Schedule 8 medicines such as morphine and oxycodone.
North America holds the maximum share in the Prescription management software market
Among the geographies, North America holds the maximum share in the Prescription management software market. High adoption of newly developed systems, the presence of major players and the growing occurrence of chronic disease are driving the growth of Prescription management software market in the North America region. In addition, Asia Pacific is the fastest growing region in the Prescription management software market owing to its high demand for au8tomated medication system coupled with the rapidly growing pharmaceutical and healthcare industries. The growing geriatric populations and increasing health care funding support the growth of Prescription management software in the Asia Pacific region.
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The major key players in Prescription Management Software Market are McKesson Corporation, HealthCo Information Systems, Claricode, Inc, RxMedic Systems, Inc, ScriptPro LLC, Health Business Systems, Inc, and Cerner Corporation.
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Prescription Management Software Market Growth, Future Prospects and Competitive Analysis and Forecast by 2024 : McKesson Corporation, HealthCo Information Systems, Claricode
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