Global E-Prescribing Market

The global e-prescribing market accounted for USD 3.72 billion in 2023 and is expected to reach at USD 50.71 billion by 2034 with a CAGR of 26.82% during the forecast period 2024-2034. Increased use of electronic health records, government initiatives, and incentive programs, a renewed emphasis on reducing medication errors, escalating healthcare costs, and strategic alliances and partnerships will all fuel market growth.

The integration of e-prescribing functions with EHR systems allows for easy access to patient health information, prescription history, and clinical decision support tools at the point of treatment. This integration improves care coordination, drug management, and evidence-based prescribing procedures, resulting in increased acceptance among healthcare professionals. For instance, in January 2024, Cerner announced a partnership with Amazon Web Services (AWS) to drive healthcare transformation through cloud innovation.

By product, the integrated solutions segment accounted for the highest revenue-grossing segment in the global e-prescribing market in 2023 owing to the integration with Electronic Health Record (EHR) systems, streamlined workflows, and improved care coordination across healthcare settings. For instance, in December 2023, Allscripts announced a partnership with Microsoft to improve healthcare interoperability and accelerate the adoption of cloud-based healthcare solutions. Additionally, the standalone solutions segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing demand for customizable solutions, flexibility in deployment options, and adoption by smaller healthcare providers seeking standalone e-prescribing functionalities.

By Application, the cardiology segment accounted for the highest revenue-grossing segment in the global e-prescribing market in 2023 owing to the growing prevalence of cardiovascular diseases, increased medication usage, and adoption of advanced e-prescribing systems tailored to cardiology practice needs. For instance, in March 2024, DrFirst announced the debut of Backline, a telehealth service that will improve virtual care delivery and patient involvement. Additionally, the oncology segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising incidence of cancer cases, expanding oncology drug pipeline, and demand for specialized e-prescribing solutions for complex cancer treatments and supportive care medications.

By delivery mode, the web-based and cloud-based solutions segment accounted for the highest revenue-grossing segment in the global e-prescribing market in 2023 and is predicted to grow at the fastest CAGR during the forecast period owing to the increasing adoption of telemedicine and remote healthcare delivery models, scalability, accessibility, and cost-effectiveness of web-based and cloud-based e-prescribing solutions. For instance, in February 2024, Surescripts announced the extension of their Real-Time Prescription Benefit service, allowing additional prescribers and pharmacists to receive patient-specific prescription benefit information.

By end-user, the hospitals segment accounted for the highest revenue-grossing segment in the global e-prescribing market in 2023 owing to the implementation of integrated electronic health record (EHR) systems, regulatory mandates, and the need for comprehensive patient care management within hospital settings. For instance, NextGen Healthcare stated in October 2023 that it will be enhancing its virtual care capabilities by acquiring OTTO Health, a developer of telehealth platforms. Additionally, the office-based physicians’ segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing adoption of standalone e-prescribing solutions, regulatory mandates for electronic prescribing, and the need for streamlined medication management in outpatient settings.

North American region is anticipated to have the highest revenue share during the forecast period owing to the robust healthcare IT infrastructure, government incentives for e-prescribing adoption, and stringent regulatory mandates promoting electronic health records (EHRs) and electronic prescribing practices. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing adoption of electronic health records (EHRs), government initiatives to digitize healthcare systems, and rising awareness about the benefits of e-prescribing solutions. For instance, AdvancedMD announced in April 2022 the release of AdvancedMD Performance Tracker, a new tool to assist independent medical practices in tracking and optimizing important performance indicators.

This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.

Report Scope:

• Base Year: 2023
• Forecast Period: 2024-2034
• Study Coverage
• Market Forecast by Product, Application, Delivery Mode, and End-User
• Market Forecast for 5 Regions and 17+ Countries
• North America (U.S. and Canada)
• Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
• Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
• MEA (South Africa, GCC, Rest of MEA)
• Exhaustive Company Profiles of the Top 10+ Major Market Players

Segmentation: E-Prescribing Market Report 2023 - 2034

E-Prescribing Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

• Solutions
• Integrated Solutions
• Standalone Solutions
• Services
• Support
• Implementation
• Training
• Network

E-Prescribing Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)

• Oncology
• Sports Medicine
• Neurology
• Cardiology
• Others

E-Prescribing Market Analysis & Forecast by Delivery Mode 2023 - 2034 (Revenue USD Bn)

• Web/Cloud-Based
• On-premise

E-Prescribing Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)

• Hospital
• Office-based Physicians
• Pharmacy

E-Prescribing Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of LATAM
• Middle East & Africa
• South Africa
• GCC
• Rest of MEA