Global E-Prescribing Market

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 2025-2032


Report ID: SQMIG35F2016 | Region: Global | Published Date: November, 2024
Pages: 178 | Tables: 111 | Figures: 73

E-Prescribing Market Dynamics

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.
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FAQs

E-Prescribing Market size was valued at USD 2.59 Billion in 2023 and is poised to grow from USD 3.2 Billion in 2024 to USD 17.19 Billion by 2032, growing at a CAGR of 23.40% during the forecast period (2025-2032).

The e-prescribing market is extremely concentrated. The market is highly competitive due to the presence of many medium and small-sized organizations. These companies provide a wide range of generic and OTC drugs to fulfill customer needs. To gain a competitive edge and increase their market shares, companies are emphasizing on strategies like product differentiation and distribution agreements. They are also engaging in partnerships and collaborations with end-users. Companies are also following tactics like aggressive pricing, online marketing, and strategic acquisitions for geographical and portfolio expansion.  'Epic Systems Corporation (US) ', 'Surescripts-Rxhub, LLC (US) ', 'Henry Schein, Inc. (US) ', 'DRFIRST, Inc. (US) ', 'DrChrono (US) ', 'MDToolbox (US) ', 'eClinicalWorks (US) ', 'Renaissance Health (US) ', 'Moderna Therapeutics (US) ', 'MediMobile (US) ', 'ePrescribeRx (US) ', 'HealthWave (US) ', 'RxNT (US) ', 'DrChrono (US) ', 'MediLedger Network (US) ', 'Sunknowledge Services Inc. (US) ', 'PointClickCare (Canada) ', 'RxVantage (US)'

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.

Advancements in E-Prescribing Technologies: The main issues fuelling the development of e-prescribing technologies is the escalating opioid crisis in the United States. While making it more challenging to engage in misuse or fraud, the electronic prescription in controlled medications (EPCS) system offers a transparent, secure method that makes it relatively simpler to prescribe various controlled substances to patients who genuinely require them.

North America is dominating the e-prescribing market with the largest market share. This region is leading the market as it has an extremely advanced medical infrastructure and strong emphasis on technological development. This is creating a favorable setting for the adoption of e-prescribing systems. Furthermore, favorable government initiatives in the region like providing better reimbursement facilities are also fueling the growth of the market. These initiatives help in enhancing patient safety, minimizing medication errors, and improving medical efficiency. Furthermore, the presence of well-established pharmaceutical companies and huge patient base with chronic diseases are increasing the demand for smooth prescription procedures, driving the growth of the market in North America.

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Global E-Prescribing Market

Report ID: SQMIG35F2016

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