According to IMARC Group latest report titled “E-Prescribing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on E-Prescribing market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global e-prescribing market size reached US$ 1.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Million by 2028, exhibiting a growth rate (CAGR) of 22.1% during 2023-2028.
E-prescribing is an innovative technology-based healthcare approach involving electronic generation and sending of prescription orders. This method allows medical practitioners to write prescriptions and directly send them to pharmacies from the point of care. It eliminates the traditional paper-based prescribing process, replacing it with a streamlined, digital method. It integrates seamlessly into a patient’s electronic health record (EHR), which houses all pertinent patient information, ensuring a comprehensive, accessible, and secure platform. Additionally, it plays a crucial role in enhancing patient safety by reducing prescription errors caused by illegible handwriting or misunderstood oral instructions. Moreover, it allows for quicker and more efficient service, providing patients with the convenience of immediate access to their prescribed medications at their preferred pharmacies.
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Market Trends:
The global e-prescribing market is experiencing significant growth due to the increasing global emphasis on reducing medication errors and enhancing patient safety, a goal that e-prescribing directly addresses. Further, the growth of the market is being fueled by the rapid digitalization of healthcare systems and the drive towards paperless environments, trends that the global COVID-19 pandemic has accelerated. In addition, the advent of advanced technologies like artificial intelligence and machine learning is leading to more sophisticated e-prescribing systems capable of predictive analysis, further propelling the market growth. Along with this, government initiatives promoting e-prescribing and providing incentives for its adoption are also contributing to the expansion of this market. Moreover, the rising global elderly population, which requires increased medical attention and medication, is creating a significant demand for efficient prescription management systems like e-prescribing. Furthermore, the rising trend of telemedicine and remote patient monitoring, coupled with growing healthcare IT investments, is creating a positive market outlook.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Cerner Corporation
- Computer Programs and Systems Inc.
- com Inc.
- Epic Systems Corporation
- Henry Schein Inc.
- Medical Information Technology Inc.
- Nextgen Healthcare Inc.
- Surescripts LLC
E-Prescribing Market Segmentation:
Our report has categorized the market based on region, component, delivery mode, specialties and end use.
Breakup by Component:
- Solutions
- Services
Breakup by Delivery Mode:
- Web-Based
- Cloud-Based
- On-Premises
Breakup by End User:
- Hospitals
- Pharmacies
- Office-Based Physicians
- Others
Breakup by Specialties:
- Oncology
- Sports Medicine
- Neurology
- Cardiology
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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