What Has Been The Evolution of the E-Prescribing Market in Recent Years?
The e-prescribing market has seen considerable growth due to a variety of factors.
• In the past few years, the e-prescribing market has experienced tremendous growth. It is projected to increase from $2.67 billion in 2024 to $3.32 billion in 2025, signifying a compound annual growth rate (CAGR) of 24.6%.
The surge in the prior period can be tied to regulatory directives, the decrease in medication mistakes, improved safety for patients, enhanced prescription processes, and heightened efficiency among prescribers.
What Is the Forecasted Market Size and Growth Rate for The E-Prescribing Market?
The e-prescribing market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience substantial expansion in the upcoming years, the e-prescribing market is projected to reach a value of $8.22 billion by 2029, progressing at a compound annual growth rate (CAGR) of 25.4%.
Various factors contributing to this predicted market enlargement during the forecast period include an expanding telemedicine sector, advances in personalized medicine, the introduction of prescription drug monitoring programs, and medication therapy management, as well as international initiatives aimed at promoting e-prescription. Key trends likely to shape the market during the forecast duration involve interoperability and health information exchange, medication reconciliation and electronic prior authorization, the use of e-prescription for controlled substances, tools for encouraging medication adherence, as well as the use of AI in producing alerts and decision support.
What Factors Are Driving Growth In The E-Prescribing Market?
The e-prescribing market is poised to expand due to an increasing emphasis on diminishing medical errors. Medical errors, defined as preventable negative impacts on patients' health due to medical care, are expected to be significantly reduced by e-prescribing, particularly those caused by illegible physician handwriting. For example, in May 2023, data from the National Library of Medicine, a prominent medical library in the U.S., indicated that around 100,000 fatalities per year result from medical errors in hospitals and clinics. Consequently, this escalating emphasis on mitigating medical errors is fueling the e-prescribing market's advancement.
What Are The Main Segments Of The Global E-Prescribing Market?
The e-prescribing market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: Web And Cloud Based, On-Premise
3) By End-User: Hospitals, Office-Based Physicians, Pharmaceuticals
Subsegments:
1) By Solutions: E-Prescribing Software, Electronic Health Records (EHR) Integration, Mobile E-Prescribing Applications
2) By Services: Implementation Services, Training And Support Services, Maintenance And Upgrades
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What Emerging Trends Are Influencing The Growth Of The E-Prescribing Market?
The emergence of technological innovation in healthcare is a notable trend gaining traction in the e-prescribing market. Leading enterprises in the industry are concentrating on the creation of new technology solutions to enhance their market stance. For instance, Change Healthcare, a US-based firm well-known for its e-prescribing services, rolled out InterQual 2022 in April 2022. This is the most recent version of the company's important clinical decision support solution, developed to deliver the most current and evidence-based suitable care. It incorporates new criteria to address emerging trends, reorganized and interactive criteria to simplify workflows, and employs artificial intelligence (AI) to foster predictive insights and efficiency. All alterations have been researched diligently and evaluated by independent peers, giving users the assurance that the criteria are devoid of bias.
Who Are the Key Players in the E-Prescribing Market?
Major companies operating in the e-prescribing market include:
• Epic Systems Corporation
• Allscripts Healthcare Solutions Inc.
• NextGen Healthcare Inc.
• Athenahealth
• Henry Schein Inc.
• Computer Programs and Systems Inc.
• DrFirst.com Inc.
• Surescripts
• Medical Information Technology
• Change Healthcare
• Health Fusion Inc.
• eMDs Inc.
• Cerner Corporation
• Practice Fusion Inc.
• eClinicalWorks LLC
• Greenway Health LLC
• AdvancedMD Inc.
• Kareo Inc.
• PracticeSuite Inc.
• Advanced Data Systems Corporation
• Aprima Medical Software Inc.
• Compulink Healthcare Solutions
• CureMD Healthcare
• MacPractice Inc.
• Medsphere Systems Corporation
• Modernizing Medicine Inc.
• NueMD LLC
• Office Ally Inc.
• Optum Inc.
• PatientNOW Inc.
• protected cell company
• Sevocity Inc.
What Is The Most Dominant Region In The E-Prescribing Market?
North America was the largest region in the e-prescribing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the e-prescribing market during the forecast period. The regions covered in the e-prescribing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
