Global E-Prescription Market

Global E-Prescription Market Size, Share, Growth Analysis, By Product (Solutions, Services), By Delivery Mode (Cloud based, Premises based.), By End Use(Hospital, office Based physician), By Prescription Type(Controlled substance and Non controlled substance) - Industry Forecast 2022-2028


Report ID: SQSG35D2048 | Region: Global | Published Date: December, 2022 | Pages: 157

Global E-Prescription Market Insights

Global E-Prescription Market was valued at USD 1.30 billion in 2021, and it is expected to reach a value of USD 8.86 billion by 2028, at a CAGR of 24% over the forecast period (2022-2028).

Prescription mistakes account for more than 72% of drug errors reported by hospitals and general practice settings, they are the main source of worry for healthcare workers worldwide. Although these mistakes seldom result in death, they can seriously harm a patient’s health. Prescription errors not only put patients’ health at risk but also frequently result in lawsuits for medical and legal misconduct against doctors and other medical professionals.

Medical professionals and other doctors can send computer-based electronic production and transmission of a medical prescription to a hospital-based or freestanding pharmacy using the technology framework known as electronic prescribing, or e-prescribing. Through e-prescribing software, medical providers can safely send prescriptions to pharmacies. These systems have a number of added advantages, including increased patient safety and higher-quality healthcare by avoiding drug interactions and minimising prescription errors. For doctors and other medical professionals, it is more affordable and practical than traditional prescription filling methods, which take a lot of time. During the projection period, expanding use of these systems in various medical facilities will significantly increase demand for them.

Market snapshot

Global Market Size

USD 1.30 billion

Largest Segment

Solutions

Fastest Growth

Services

Growth Rate

24% CAGR

Global E-Prescription Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global E-Prescription Market Size By Product , 2021-2028 ($ Bn)
Global E-Prescription Market Size By Product , 2021-2028 (%)

To get more reports on the above market click here to Buy The Report

Global E-Prescription Market Segmental Analysis

Global E-Prescription Market is segmented based on the Product, delivery mode, end use, prescription type, and region. Based on the product, the Global E-Prescription Market is segmented into solutions and services. Based on the delivery mode, the market has been segmented into Cloud-based and on premises based. Based on the end use, the market has been segmented into hospital, office Based physician and pharmacy. Based on prescription type, the market is segmented into Controlled substance and Non controlled substance. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Product

Solutions segment dominated the market and held a largest market share in 2021. Because of the software’s high cost and expanding use and Positive government programmes aimed at implementing integrated prescribing. The advantages and incentives provided by the federal governments are anticipated to outweigh the cost of switching from a standalone to an integrated system, resulting in increased market expansion for integrated systems.

Service segment is fastest growing segment and expected to grow at a higher CAGR rate over the forecast period. Untapped potential in both developed and developing regions is the main driver of the services sector’s expansion.

Analysis by Delivery mode

Cloud based segment is dominated the market growth and held large market share in 2021. Independent practitioners, tiny clinics, or doctor’s offices, as well as community hospitals, who cannot afford the high initial expenses of on-premise systems, find the cloud platform to be an appealing alternative. eClinicalWorks, Cerner, Athenahealth, and Allscripts are a few of the health IT businesses that provide customers with cloud-based solutions. Other reasons influencing the adoption of cloud solutions include the simplicity of deployment and the need for less training.

On premises segment is fastest growing segment during the forecast period. On-premise systems are a far more dependable choice for large healthcare systems and businesses who have the ability to store large amounts of data, pay hefty upfront expenditures, and maintain servers. During the projected period, on-premise solutions are anticipated to expand because to rising demand for data security and sharing and digitalization spending. Two of the key participants in the on-premise e-prescribing market are Epic and Cerner Corporation.

Global E-Prescription Market Size By Product , 2021-2028 (%)

To get detailed analysis on other segments, Request For Sample Report

Global E-Prescription Market Regional Insights

North America dominated the market in 2021, owing to the healthcare industry’s growing digitalization, favourable government policies, and a flexible regulatory environment. Regional expansion will also be aided in the predicted period by rising private and public investment for the implementation of integrated EHRs. For instance, the Cooperative Agreement Notice of Funding Opportunity was published by the Office of the National Coordinator for Health Information Technology (ONC) (NOFO). This program’s goal is to make it possible for the technical standards required to achieve interoperability among healthcare IT systems to advance.

Europe region is expected to grow at fastest CAGR during the forecast period. Due to the stringent regulations in place in European nations to prevent medical mistakes. Furthermore, it is envisaged that EU measures will promote growth. The EU released a circular enabling use of an e-prescription given by a practitioner in a different nation while visiting a pharmacy in another EU country, despite the fact that many countries do not recognise e-prescriptions from other countries. Additionally, effective national government initiatives, like incentive programmes and strict laws against handwritten prescriptions due to the likelihood of medical errors, are the main factors driving the expansion of the market.

Global E-Prescription Market By Geography, 2021-2028
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global E-Prescription Market Dynamics

Driver

  • Increasing Initiatives to Eliminate Adverse Drug Events (ADEs) and Medical Errors

Medication errors can have adverse effects on a patient’s health Healthcare professionals can access patient medical histories, medication information, and diagnoses through the use of e-prescribing systems, improving patient safety by preventing or minimising medical errors. Therefore, the prevalence of medical errors and drug side effects will rise globally, which will accelerate the implementation of e-prescribing systems.

Restraint

  • High Cost Associated with the Implementation and Maintenance of Integrated E-Prescribing Solutions

Despite the fact that e-prescribing systems are being used more frequently in clinical settings, there are several limitations preventing wider adoption of these technologies. The high cost of e-prescription integrated HER implementation and maintenance is one of the main reasons limiting the market's growth. Due to their high cost, such solutions are finding it difficult to be adopted in many developing economies. Another significant element limiting market expansion is the lack of health care IT support in many emerging nations.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global E-Prescription Market Competitive Landscape

Global E-Prescription Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Top Player's Company Profiles

Recent Developments

  • In September 2022, CLEO Systems launched an electronic prescription system which aims to help reduce prescribing errors, boost sustainability and make the process easier for both clinicians and patients.
  • In April 2021, Cerner Corporation announced the acquisition of Kantar Health to increase innovation in life sciences research and improve patient outcomes worldwide.

Global E-Prescription Key Market Trends

  • The market will grow greatly as a result of the e-prescribing software being integrated into EHR solutions. Clinical notes, laboratory data, and a wide spectrum of clinical decision assistance are just a few benefits of integrated EHRs that standalone systems do not have. E-prescription with connected EHRs improves patient medication histories and pharmacy benefits information availability, making potentially life-saving drug data instantly accessible. Prescription mistakes have been significantly decreased by EHR-based systems in community-based medical practises, which has increased product adoption and boosted market growth over the course of the projection period. Another important element boosting the market is the government’s growing initiatives to deploy integrated EHR across numerous hospitals.

Global E-Prescription Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global E-Prescription Market analysis, high adoption rate of integrated EHR solutions in key countries propelled the market growth during forecast period. Europe is expected to capture higher market share during the forecast period, the growth of the region is attributed to growing stringent regulations in place in European nations to prevent medical mistakes. Germany has emerged as a significant contributor to market growth in Europe. In terms of product, the solution product segment dominates the marine hybrid propulsion market. This segment's leading position can be attributed to its software’s high cost and expanding use and Positive government programmes aimed at implementing integrated prescribing. In terms of application, the hospital application led the market and is predicted to grow at the fastest rate.

Report Metric Details
Market size value in 2021 USD 1.30 billion
Market size value in 2028 USD 8.86 billion
Growth Rate 24%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Solutions, Services
  • Delivery Mode
    • Cloud based, Premises based.
  • End Use
    • Hospital, office Based physician, pharmacy
  • Prescription Type
    • Controlled substance and Non controlled substance
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global E-Prescription Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global E-Prescription Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global E-Prescription Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global E-Prescription Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global E-Prescription Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global E-Prescription Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$3,500
BUY NOW GET SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

SPEAK TO AN ANALYST

FAQ's

Global E-Prescription Market was valued at USD 1.30 billion in 2021, and it is expected to reach a value of USD 8.86 billion by 2028, at a CAGR of 24% over the forecast period (2022-2028).

Global E-Prescription Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.'Epic Systems Corporation','Cerner Corporation','Allscripts Healthcare, LLC','Medical Information Technology, Inc. (MEDITECH)','Athenahealth','eClinicalWorks','Surescripts','Practice Fusion, Inc.','NextGen Healthcare'

Increasing Initiatives to Eliminate Adverse Drug Events (ADEs) and Medical Errors

The market will grow greatly as a result of the e-prescribing software being integrated into EHR solutions. Clinical notes, laboratory data, and a wide spectrum of clinical decision assistance are just a few benefits of integrated EHRs that standalone systems do not have. E-prescription with connected EHRs improves patient medication histories and pharmacy benefits information availability, making potentially life-saving drug data instantly accessible. Prescription mistakes have been significantly decreased by EHR-based systems in community-based medical practises, which has increased product adoption and boosted market growth over the course of the projection period. Another important element boosting the market is the government’s growing initiatives to deploy integrated EHR across numerous hospitals.

North America dominated the market in 2021, owing to the healthcare industry’s growing digitalization, favourable government policies, and a flexible regulatory environment. Regional expansion will also be aided in the predicted period by rising private and public investment for the implementation of integrated EHRs. For instance, the Cooperative Agreement Notice of Funding Opportunity was published by the Office of the National Coordinator for Health Information Technology (ONC) (NOFO). This program’s goal is to make it possible for the technical standards required to achieve interoperability among healthcare IT systems to advance.

Speak With Our Analyst

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global E-Prescription Market

Product ID: SQSG35D2048

$3,500
BUY NOW GET SAMPLE