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, pharmacy), By Prescription Type(Controlled substance and Non controlled substance), By Region - Industry Forecast 2024-2031

Global E-Prescription Market size was valued at USD 2.28 billion in 2019 and is poised to grow from USD 2.89 billion in 2023 to USD 24.5 billion by 2031, growing at a CAGR of 26.8% in the forecast period (2024-2031).

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.

US E-Prescription Market is poised to grow at a sustainable CAGR for the next forecast year.