Analysis of e-Prescription Systems Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global e-Prescription systems market stands at US$ 2.96 billion in 2023 and is projected to reach US$ 15.49 billion by 2033, surging ahead at a CAGR of 18% during the next 10 years.
Based on components, e-Prescription systems are segmented into hardware, software, and services. Worldwide sales of electronic prescription services are predicted to rise at an impressive CAGR of 19.5%, while demand for e-Prescribing solutions is expected to evolve at a 17% CAGR during the forecast period (2023-2033), respectively.
Electronic prescribing (e-Prescribing) solutions are widely preferred to avoid mistakes such as fewer or no medication errors as they are handwritten and not phoned-in prescriptions, high patient safety concerns, and lower risk of getting lost or misplaced.
Prescribers can electronically deliver prescriptions to the patient's preferred dispenser (such as a pharmacy) with the use of e-Prescribing services (EPS). For both patients and workers, this improves the effectiveness and convenience of the prescribing and dispensing procedure.
The advantages of EPS include:
Thus, such aspects are boosting the demand for e-Prescribing services across the world.
A technical framework called electronic prescribing, sometimes known as e-Prescribing, enables doctors and other medical professionals to send computer-based electronic production and transmission of prescribed medication to a hospital-based or standalone drugstore.
Through the use of e-Prescribing software, medical professionals can send prescriptions to pharmacies in a secure manner. By monitoring drug interactions and lowering prescription errors, e-Prescribing systems provide several linked advantages, including enhanced patient safety and healthcare quality.
Compared to traditional prescription filling methods, which take a lot of time, it is both cheaper and more practical for doctors and physicians. The increasing use of e-Prescribing health systems in various medical facilities would significantly increase their demand throughout the anticipated period.
Such studies show that the worldwide adoption of e-Prescription systems software is increasing rapidly and will continue to do so over the decade.
e-Prescription Systems Market Size (2023E)
US$ 2.96 Billion
Forecasted Market Value (2033F)
US$ 15.49 Billion
Global Market Growth Rate (2023-2033)
China Market Growth Rate (2023-2033)
Japan Market Growth Rate (2023-2033)
Germany Market Growth Rate (2023-2033)
Key Companies Profiled
Don't Need a Global Report?
Save 40% on Country & Region specific reports
“Rapidly Rising Adoption Rate of Integrated e-Prescribing Systems in EHR Settings”
Demand is increasing greatly as a result of the inclusion of e-Prescribing software in electronic health record (EHR) solutions. Clinical notes, laboratory data, and a wide range of clinical decision assistance are all features that standalone systems do not provide, but integrated e-Prescribing systems in EHR do.
e-Prescribing using integrated EHRs improves the accessibility of patients’ medical records and pharmacy benefits data, making potentially life-saving drug information readily available. Since EHR-based systems have significantly decreased prescription errors in community-based medical practices, system acceptance has increased, supporting market growth during the projection period.
Various governments across the globe are taking initiatives to deploy integrated electronic health records across several institutions is yet another important driver boosting the e-Prescribing industry.
“Rising Efforts to Eliminate Adverse Drug Events (ADEs) and Medical Errors”
As prescription errors contribute to more than 70% of drug errors reported by general medical settings and hospitals, they are the main source of worry for medical practitioners worldwide. The patient's health may suffer as a result of medication mistakes.
Legal and medical malpractice claims against doctors and other healthcare providers frequently stem from pharmaceutical errors. One of the main causes of death in the United States is an adverse drug event (ADE).
As a result, using e-Prescribing software programs enable healthcare professionals to access patient medical histories, drug information, and diagnoses that improve patient safety by obviating or lowering medical errors.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
“High Implementation & Maintenance Cost of Integrated e-Prescribing Solutions”
Even though e-Prescribing methods are being used more frequently in clinical settings, several limitations are preventing the wider adoption of these technologies. The high cost of integrated e-Prescribing solutions in EHR implementation and maintenance is one of the main reasons limiting the market's growth.
Because of their high cost, e-Prescribing methods are finding it difficult to be implemented in many developing economies. Another significant element hindering sales growth is the lack of healthcare IT assistance in many emerging economies.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
“Rapid Adoption of Digitalization in Healthcare Industry”
The U.S. market is expected to experience profitable growth as a result of factors such as the growing digitalization of the healthcare industry, favourable government policies, and a flexible regulatory environment.
Furthermore, rising private and public investments in the adoption of integrated EHRs will support national market growth during the projected period.
As a result, these variables are responsible for the favourable growth of the sales of e-Prescriptions in the United States.
“Rising Implementation of Telehealth Services across the Continent”
After patients’ electronic health records, telehealth services are among the second-largest e-Health trends in Europe. The increasing acceptability of remote monitoring systems as well as technological advancements are two important elements promoting industry growth in Europe.
With almost ten years of excellent telemedicine laws in place, France is a successful example of telehealth adoption. The European market for e-Prescription technologies will change as a result of artificial intelligence.
To comprehend how practitioners manage patients automatically in real-life circumstances, big data analytics and machine learning algorithms are developed for evaluating large-scale electronic medical record (EMR) data. The active presence of significant electronic prescription providers in the European region is also boosting sales growth.
“Growing Use of e-Prescription Methods in Asian Countries”
The market in Asia Pacific is anticipated to expand at a profitable pace due to the growing use of e-Prescription methods and the rising number of suppliers entering the region's emerging economies, including Japan, China, and South Korea.
The implantation of e-Prescription solutions is increasing rapidly in Japan.
“Lower Need for Additional Costs & IT Support”
Based on delivery mode, the electronic prescribing systems market is classified into cloud-based delivery, web-based delivery, and on-premise delivery.
The main distinction between an on-premise e-prescribing solution and a web-based e-prescribing solution is that the former involves hosting the software on internal servers that are incorporated and managed by an organisation, whereas the latter, is an online execution of the software in a location where users can access it through the internet.
Compared with web-based solutions, it is predicted that the on-premise demand will grow more slowly. However, due to the increasing acceptance of on-premise systems around the world during the forecast period, the segment will continue to create consistent e-Prescribing market revenues.
It is anticipated that web-based solution sales are likely to increase at a healthy CAGR throughout the forecast period. Web-based systems that use the cloud do not need labour-intensive installation procedures where professionals must set up expensive infrastructure to host data. Everything may be done online, eliminating the need for additional costs and IT support.
“Integrated e-Prescribing Systems More Effective & Efficient Than Standalone e-Prescribing Systems”
Based on systems, the e-Prescribing methods are segmented into standalone e-Prescribing systems and integrated e-Prescribing systems.
An autonomous single-entity system called the standalone e-prescribing system is used to electronically prescribe medications to patients. Through this program, which operates in a single mode, medical professionals can electronically prescribe medications to patients.
Compared to integrated systems, standalone e-prescribing programs are less expensive and simpler to implement. Standalone programs might not, however, contain all the features, such as the e-prescribing module connected to an electronic medical record.
Any clinical data may need to be entered twice for standalone applications. This slows down the procedure overall since it necessitates more work and raises the possibility of more errors.
Applications of standalone systems are gradually being phased out of the healthcare IT industry in favour of integrated e-Prescribing systems since they are more effective and efficient.
Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., Change Healthcare Inc., DrFirst, Inc., eClinicalWorks LLC, Epic Systems Corporation, GE Healthcare, Greenway Health LLC, Henry Schein, Inc., and MEDITECH are some of the key players in the e-Prescribing systems market.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesBuy Now
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
E-prescribing, often known as electronic prescribing, is a technology that enables doctors to electronically generate and send prescriptions to pharmacists.
The global e-Prescribing systems market is valued at US$ 2.96 billion in 2023.
Global sales of e-Prescribing systems are projected to reach US$ 15.49 billion by 2033.
North America currently dominates the worldwide e-Prescribing systems market.
Global demand for e-Prescribing systems is predicted to surge at a CAGR of 18% from 2023-2033.
Need An Exclusive Report For Your Unique Requirement?