The E-Prescribing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s E-Prescribing Global Market Report 2024, The e-prescribing market size has grown exponentially in recent years. It will grow from $2.12 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 25.0%. The growth in the historic period can be attributed to regulatory mandates, medication errors reduction, improved patient safety, enhanced prescription workflow, increased prescriber efficiency.
The e-prescribing market size is expected to see exponential growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%. The growth in the forecast period can be attributed to growing telemedicine sector, personalized medicine, prescription drug monitoring programs, medication therapy management, global e-prescribing initiatives. Major trends in the forecast period include interoperability and health information exchange, medication reconciliation, electronic prior authorization, medication adherence tools, erx for controlled substances, ai-driven alerts and decision support.
The rising focus on reducing medical errors is expected to propel the growth of the e-prescribing market going forward. Medical error refers to an avoidable adverse effect of medical care on a patient. E-prescribing has significantly reduced errors resulting from undecipherable physician handwriting. For instance, in May 2023, according to National Library of Medicine, a US-based medical library, medical errors in hospitals and clinics lead to the deaths of approximately 100,000 people each year. Therefore, the rising focus on reducing medical errors is driving the growth of the e-prescribing market.
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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
The advent of technological transformation in healthcare is a key trend gaining popularity in the e-prescribing market. Major companies operating in the e-prescribing market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, Change Healthcare, a US-based healthcare technology company that includes e-prescribing, launched InterQual 2022, the latest edition of the company’s flagship clinical decision support solution for the delivery of the latest and evidence-based appropriate care. This includes new criteria for emergent trends, restructured and interactive criteria to streamline workflows, and artificial intelligence (AI) to drive proactive insights and efficiency. All updates have been researched and independently peer-reviewed, so users will feel confident that the criteria are free of bias.
Top Major Players
Epic Systems Corporation,
Allscripts Healthcare Solutions Inc.,
NextGen Healthcare Inc.,
Athenahealth, Relay Health,
Henry Schein Inc.
The e-prescribing market report table of contents includes:
1. Executive Summary
- E-Prescribing Market Characteristics
- E-Prescribing Market Trends And Strategies
- E-Prescribing Market – Macro Economic Scenario
- Global E-Prescribing Market Size and Growth
- E-Prescribing Market Segmentation
- E-Prescribing Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The E-Prescribing Market
- E-Prescribing Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global E-Prescribing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global E-Prescribing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global E-Prescribing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Epic Systems Corporation Financial Performance
Table 75: Allscripts Healthcare Solutions Inc. Financial Performance
Table 76: NextGen Healthcare Inc. Financial Performance
Table 77: Athenahealth Financial Performance
Table 78: Relay Health Financial Performance
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