Shift Towards Market Consolidation
While the industry is still at its nascent stage, leading companies, backed with investors, are adopting inorganic growth strategy for business expansion. In 2021, top five electronic prescribing players accounted for 27.4% market share.
Focus on Long Term End-use Partnership
Engaged e-prescribing companies are focusing on partnering with various end-use players in order to broaden their network and enhance their presence worldwide. For instance, in September 2021, Ventec Life Systems has integrated its VOCSN group of ventilators with Parachute Health’s e-prescribing platform. Another company – Athenahealth, Inc. partnered with AllianceChicago in order to offer comprehensive solution to nationwide network of community health centers.
Increasing Industry Funding in E-Prescribing Domain
As of January 2022, start-ups with activities in electronic prescribing raised over $ 560 million in last ten years. Similar to other industries, VC investment in electronic prescribing is mainly centralized in the US. Prescrip Health Technology, Elemental, Doxper, ScriptDash, DrFirst, easyScripts, EasyRx, and Mediquo are few companies that has raised funding in millions.