Global E-Prescribing Market Report and Forecast 2023-2031

The global E-Prescribing market value was USD 2.2 billion in 2022, driven by the increasing pressure to reduce healthcare costs across the globe. The market size is anticipated to grow at a CAGR of 24.4% during the forecast period of 2023-2031 to achieve a value of USD 15.6 billion by 2031.

E-Prescribing Introduction

E-Prescribing, also known as electronic prescribing, is the computer-based electronic generation, transmission, and filling of a prescription. E-prescribing systems allow healthcare providers to send prescriptions electronically to a pharmacy, improving the accuracy and efficiency of the medication ordering process. The technology eliminates the need for handwritten prescriptions, which can be difficult to read and can lead to errors in medication dosage and instructions.

The use of e-prescribing has grown significantly in recent years as healthcare providers and policymakers seek to improve patient safety and reduce medication errors. E-prescribing systems can help to prevent adverse drug events, reduce prescription errors, and improve medication adherence by patients.

E-prescribing also offers benefits for healthcare providers and pharmacies, such as improved efficiency, reduced costs associated with paper-based prescribing, and increased prescription accuracy. E-prescribing systems can also provide healthcare providers with access to patient medication history, allowing for more informed prescribing decisions.

As the healthcare industry continues to embrace technology and digitization, the e-prescribing market is expected to grow significantly in the coming years.

E-Prescribing Market Scenario

E-Prescribing is the process of electronically generating and sending prescriptions to pharmacies, replacing the traditional paper-based method of prescribing. E-Prescribing is a modern technology that is gaining widespread adoption in the healthcare industry due to its numerous benefits over the traditional paper-based prescribing method.

The adoption of E-Prescribing helps reduce medication errors, increases patient safety, and streamlines the prescription process, making it more efficient and cost-effective. The E-Prescribing market is expected to grow significantly in the coming years, driven by the increasing demand for digital healthcare solutions and the need to reduce healthcare costs.

The market for E-Prescribing is expected to be driven by factors such as government initiatives to promote the adoption of E-Prescribing, increasing pressure to reduce healthcare costs, and the growing need to improve patient safety. The emergence of cloud-based E-Prescribing solutions and the integration of E-Prescribing with Electronic Health Record (EHR) systems are expected to create significant growth opportunities in the market.

However, the market is also expected to face challenges such as concerns over data security and privacy, the lack of standardization in E-Prescribing systems, and resistance from healthcare providers to adopt new technologies. Despite these challenges, the E-Prescribing market is expected to grow significantly in the coming years, driven by the need to improve patient safety, reduce healthcare costs, and improve healthcare outcomes.

E-Prescribing Market Segmentations

Market Breakup by Product

Solutions

• Integrated Solutions
• Standalone Solutions
• Hardware

Services

• Support and Maintenance Services
• Implementation Services
• Network Services
• Training and Education Services

Market Breakup by Delivery Mode

• Web Based
• Cloud Based
• On-Premises/Licensed Based

Market Breakup by Usability

• Handheld Device
• Computer Based Device

Market Breakup by End User

• Hospitals
• Office Based Physicians
• Pharmacies

Market Breakup by Region

North America

• United States of America
• Canada

Europe

• United Kingdom
• Germany
• France
• Italy
• Others

Asia Pacific

• China
• Japan
• India
• ASEAN
• Australia
• Others

Latin America

• Brazil
• Argentina
• Mexico
• Others

Middle East and Africa

• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa
• Others

Key Trends in the E-Prescribing Market

Some key trends in the E-Prescribing market are:

• Increasing adoption of electronic health records (EHRs): The integration of E-Prescribing with EHRs has become a growing trend, as it reduces errors and improves patient safety. With the increasing adoption of EHRs, E-Prescribing is also likely to grow
• Growing demand for better healthcare quality: With a focus on improving healthcare quality and reducing medical errors, E-Prescribing has become an essential component of modern healthcare. Healthcare providers are increasingly adopting E-Prescribing solutions to ensure better patient outcomes
• Government initiatives: Government initiatives such as the Medicare and Medicaid EHR Incentive Program and the Electronic Prescriptions for Controlled Substances (EPCS) have played a crucial role in promoting the adoption of E-Prescribing. The government's push towards digitization of healthcare records is likely to drive the growth of the E-Prescribing market
• Technological advancements: The development of advanced technologies such as cloud computing, AI, and blockchain is expected to drive innovation in the E-Prescribing market. These technologies are likely to improve the accuracy and efficiency of E-Prescribing solutions
• Increasing focus on patient-centric care: With a growing focus on patient-centric care, E-Prescribing has become an essential tool for healthcare providers to improve patient outcomes. E-Prescribing solutions help healthcare providers to monitor patients' medication adherence and improve patient engagement

E-Prescribing Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Epic Systems Corporation
• Cerner Corporation
• Allscripts Healthcare, LLC
• NXGN Management, LLC
• athenahealth, Inc
• Henry Schein One, Inc
• DrFirst.com, Inc
• Mckesson Corporation
• Change Healthcare
• Surescripts
• Practice Fusion, Inc
• Networking Technology, Inc. (Rxnt)