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 growth. 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.
What is E-Prescribing?
E-prescribing, or electronic prescribing, represents a web or cloud-based solution that enables healthcare providers to generate digital prescriptions. It is a computer-based process for generating and transmitting accurate prescription orders to a hospital-based or standalone pharmacy. E-prescription software can automatically refill prescriptions for patients and manage medications according to their history and integrate them with an electronic medical record (EMR) system. Compared to the traditionally used manual prescriptions, it offers various benefits, such as improved patient safety and medical quality, minimal risks of medication errors and loss of handwritten prescriptions, and enhanced convenience for doctors and physicians.
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What are the growth prospects and trends in the e-prescribing industry?
The rising digitization in the healthcare industry and the widespread adoption of electronic health records (EHRs) are primarily driving the E-prescribing market. Furthermore, the escalating demand for telemedicine and telehealth solutions for providing specialized care to patients, on account of the sudden outbreak of the COVID-19 pandemic, is also augmenting the market growth. Apart from this, the inflating focus of authorities on minimizing the abuse of controlled substances and the unauthorized distribution of pharmaceutical drugs is positively influencing the global market. Moreover, the increasing usage of E-prescription software, as it aids in identifying duplicate or fraudulent entries in prescriptions, thereby limiting medical malpractices, is further bolstering the market growth. Besides this, numerous technological advancements, such as the development of solutions with higher performance capabilities and ease of deployment, are acting as significant growth-inducing factors. Additionally, the growing utilization of these systems improves organizational workflow and patient compliance by providing cost-effective generic formulations is also catalyzing the global market. In addition to this, the launch of favorable government policies to enhance public health and extensive improvements in the healthcare infrastructure are expected to drive the E-prescribing market in the coming years.
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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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