E-Prescribing Market Size, Share, Growth Analysis, By Product & Service (Solutions, Services), By Delivery Mode (Web- & Cloud-Based Solutions, On-Premises Solutions), By Substances, By Usage, By End User, By Region - Industry Forecast 2024-2031

Drivers

Increasing Adoption of EHR Solutions

• The necessity for EHR solutions is mainly boosted by the government's growing support for the adoption of EHR solutions and the need to manage the rapidly rising healthcare expenses. The incorporation of electronic health records has streamlined prescription filling in various ways. The incorporation of solutions provides better availability of medical histories compared to a standalone e-prescribing system. This is increasing the demand for these solutions.

Growing Demand for E-Prescription in Hospitals

• Doctors are finding themselves better prepared with technology substituting something basic but extremely vital in medical care. Prescribing medicine has become much easier. A computer created, communicated, and filed out medical prescription is known as an e-prescription. Its main objective is to minimize the necessity of paper prescriptions and the risk of prescription error. These are the factors which are boosting the growth of the market.

Restraints

High Expense of Employment

• The lack of technological awareness, high expense of employment, security, workflow issues, and growing utilization of e-prescribing systems will create hindrance to the market's growth rate. The lack of skilled professionals and absence of medical infrastructure in emerging economies is creating difficulties for the growth of the e-prescribing market.

High Expense of Implementation and Maintenance

• Irrespective of the growing usage of e-prescribing systems in clinical applications, there are many factors that are restricting the adoption of these solutions. One of the leading factors preventing the growth of the market is the high expense related to the incorporation and maintenance of e-prescription integrated EHR. Many developing economies are facing challenges in the adoption of such solutions due to their high price. The lack of health care IT support in several developing economies of the world is another important factor hindering market growth.