Global E-Prescribing Market Size By Component (Hardware, Software), By Delivery Mode (Web Based, On-Premise), By Usage Methods (Handheld, Computer Based Devices), By End User (Hospitals, Pharmacy), By Geographic Scope And Forecast

E-Prescribing Market Size and Forecast

E-Prescribing Market size was valued at USD 2.33 Billion in 2024 and is projected to reach USD 10.31 Billion by 2031, growing at a CAGR of 20.40% from 2024 to 2031.

• E-prescribing is a digital system that allows healthcare providers to electronically prescribe medications to patients.
• Instead of writing prescriptions on paper, doctors can use software to generate electronic prescriptions that are sent directly to pharmacies. This eliminates the need for handwritten prescriptions and reduces the risk of errors and fraud.
• E-prescribing systems can be integrated with electronic health record (EHR) systems, allowing healthcare providers to access patient information and medical history in real-time. This improves the accuracy and efficiency of prescribing medications, as doctors can ensure that prescriptions are appropriate for the patient’s condition and do not interact with other medications they are taking.
• E-prescribing also has the potential to improve patient safety by reducing medication errors and improving medication adherence. By eliminating the need for handwritten prescriptions, e-prescribing can help prevent medication errors that can occur when prescriptions are misread or misinterpreted.
• In addition to this, e-prescribing systems can send reminders to patients about when to refill their prescriptions, helping to improve medication adherence and reduce the risk of adverse health outcomes.

To Get Detailed Analysis: Download Report PDF

Global E-Prescribing Market Dynamics

The key market dynamics that are shaping the global e-prescribing market include:

Key Market Drivers

• Increased Adoption of Electronic Health Records (EHR): The increasing adoption of electronic health records (EHRs) is a significant driver of the global e-prescribing market. As healthcare providers transition from paper-based systems to digital platforms, e-prescribing becomes an integral component of the overall healthcare IT infrastructure. According to the Office of the National Coordinator for Health Information Technology, as of 2021, 78% of office-based physicians in the United States had adopted certified EHR systems.
• Government Initiatives and Regulatory Support: Government initiatives and regulatory mandates aimed at improving patient safety and reducing medication errors are propelling the e-prescribing market forward. The Centers for Medicare & Medicaid Services (CMS) reported that in 2021, 70% of Medicare Part D prescriptions were transmitted electronically. For instance, in 2023, Surescripts, a leading health information network, announced the launch of its Real-Time Prescription Benefit for Pharmacy solution, enabling pharmacists to access patient-specific benefit information and suggest cost-effective alternatives.
• Healthcare Costs Reduction: E-prescribing systems help minimize prescription errors, reduce adverse drug events, and streamline the medication management process. A study published by the Agency for Healthcare Research and Quality in 2022 found that e-prescribing could potentially prevent up to 95% of medication errors. In response to this demand, in 2024, Cerner Corporation, a major player in the healthcare IT sector, introduced an advanced e-prescribing module with enhanced drug interaction checking and clinical decision support features.
• Growing Telemedicine Sector: Telemedicine platforms have increasingly incorporated e-prescribing functionality, enabling physicians to prescribe medications during virtual consultations. In 2022, the Centers for Disease Control and Prevention (CDC) reported that 90% of all prescriptions in the United States were transmitted electronically, demonstrating the widespread acceptance of e-prescribing technology across the healthcare sector.

Key Challenges:

• High cost of implementation: Implementing an e-prescribing system can be expensive, requiring significant investments in hardware, software, and training. This can be a barrier for smaller healthcare providers.
• Interoperability issues: Ensuring seamless interoperability between different electronic health record (EHR) systems and e-prescribing platforms can be challenging, especially in regions with a fragmented healthcare landscape.
• Data security concerns: Protecting patient data is a top priority, and e-prescribing systems must have robust security measures to prevent data breaches and unauthorized access.
• Resistance to change: Healthcare providers may be resistant to adopting new technologies, especially if they are unfamiliar with e-prescribing systems or have concerns about their effectiveness.

Key Trends

• Integration of Artificial Intelligence and Machine Learning: AI and machine learning are revolutionizing e-prescribing systems. These technologies are being used to analyze patient data, predict potential drug interactions, and suggest optimal treatment plans. The National Institutes of Health invested $130 million in AI-related projects in fiscal year 2023, including several focused on improving prescription practices.
• Blockchain Technology in E-Prescribing: Blockchain technology is emerging as a potential game-changer in e-prescribing. It offers enhanced security, transparency, and traceability of prescription data. This technology can help prevent prescription fraud and improve medication adherence. According to a 2023 report from the Office of the National Coordinator for Health IT, 15% of healthcare organizations are exploring blockchain for various applications, including e-prescribing.
• Focus on Controlled Substance E-Prescribing: There is an increasing emphasis on e-prescribing systems for controlled substances to combat the opioid crisis. These systems provide additional security measures and monitoring capabilities. The Drug Enforcement Administration (DEA) reported that as of 2022, all 50 states have enacted legislation allowing e-prescribing of controlled substances.
• Interoperability and Data Exchange Standards: Improved interoperability between different e-prescribing systems and healthcare IT platforms is a growing trend. This enables seamless data exchange and enhances care coordination. The Office of the National Coordinator for Health Information Technology reported that by 2023, 55% of hospitals were using the Fast Healthcare Interoperability Resources (FHIR) standard for data exchange.

What's inside a VMR
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=2216

Global E-Prescribing Market Regional Analysis

Here is a more detailed regional analysis of the global e-prescribing market:

North America

• North America is substantially dominating the Global E-Prescribing Market and is expected to continue its dominance throughout the forecast period.
• The United States, leads the global e-prescribing market due to advanced healthcare infrastructure and supportive government initiatives. The region’s early adoption of electronic health records (EHRs) has paved the way for widespread e-prescribing integration.
• According to the Office of the National Coordinator for Health Information Technology, by 2022, 90% of office-based physicians in the U.S. were using e-prescribing systems. This high adoption rate significantly contributes to the region’s market dominance.
• For instance, on February 12, 2024, Surescripts, a leading e-prescribing network in the U.S., announced that it had processed over 2 billion e-prescriptions in 2023, marking a significant milestone in the industry’s growth.
• The stringent regulatory environment in North America also drives e-prescribing market growth. Legislation such as the Medicare Modernization Act and the HITECH Act has incentivized healthcare providers to adopt e-prescribing systems. The Centers for Medicare & Medicaid Services reported that in 2023, 98% of all Medicare Part D claims were submitted electronically.
• This high percentage underscores the market’s maturity in the region. For instance, on August 8, 2023, Epic Systems, a major player in the U.S. healthcare IT market, unveiled an AI-powered e-prescribing module designed to enhance prescription accuracy and reduce adverse drug events, further solidifying North America’s position at the forefront of e-prescribing innovation.

Europe

• Europe is poised to become the fastest-growing region in the Global E-Prescribing Market, driven by several key factors. The stringent healthcare regulations and strong focus on digital health initiatives are accelerating adoption rates.
• According to the European Commission, as of 2023, 22 EU member states had implemented national e-prescribing systems, representing a significant increase from just 5 states in 2013.
• This rapid expansion is supported by EU-wide interoperability standards, facilitating cross-border healthcare. For instance, on February 12, 2024, CompuGroup Medical, a leading European healthcare IT provider, announced the launch of its advanced e-prescribing platform, designed to meet the specific needs of diverse European healthcare systems.
• The growth is further fueled by increasing government investments in healthcare IT infrastructure and rising awareness of the benefits of e-prescribing. European countries are actively working to reduce medication errors and improve patient safety through digital solutions.
• The European Medicines Agency reported that in 2022, e-prescribing contributed to a 15% reduction in adverse drug events across participating EU countries.
• This trend is encouraging both public and private healthcare providers to adopt e-prescribing technologies. For instance, On September 08, 2023, Cegedim, a major player in the European e-health sector, revealed plans to expand its e-prescribing services to five additional EU countries by 2025, highlighting the growing market opportunities in the region.

Global E-Prescribing Market: Segmentation Analysis

The Global E-Prescribing Market is segmented based on Product, Delivery Mode, Usage Methods, End-Use, And Geography.

E-Prescribing Market, By Product

• Solutions
• Services

Based on Product, the Global E-Prescribing Market is bifurcated into Solutions and Services. The solutions segment is poised to dominate the e-prescribing market. The significant market share can be linked to their increasing penetration and the elevated pricing of the software. However, the services segment is growing at a rapid CAGR within the e-prescribing market. The electronic prescribing services facilitate the transmission of prescriptions from general practitioner surgeries directly to pharmacies. Their offerings include comprehensive applications for patient engagement, along with robust data management and analytical tools.

E-Prescribing Market, By Delivery Mode

• Web/Cloud-Based
• On-premise

Based on Delivery Mode, the Global E-Prescribing Market is bifurcated into Web/Cloud-Based and On-Premise. The web/cloud-based segment is poised to dominate the e-prescribing market attributable to the reduced expenses in relation to on-premise systems. However, the on-premise segment is expected to grow at a robust CAGR during the forecast period. On-premise systems provide a more dependable solution for large healthcare systems and organizations that require the secure storage of substantial amounts of sensitive data.

E-Prescribing Market, By Usage Methods

• Handheld
• Computer Based Devices

Based on the Usage Method, the market is classified into Handheld and Computer-Based Devices. The handheld segment is poised to dominate the e-prescribing market. Handheld devices enable prescribers to retrieve clinical decision support information, such as formulary details, patient medication history, and various eligibility criteria for informed treatment decision-making. However, the computer-based devices segment is expected to grow at a robust CAGR during the forecast period. E-prescribing involves the electronic generation of prescriptions by physicians, facilitating secure transmission to pharmacies through a dedicated software program and a connected transmission network.

E-Prescribing Market, By End-Use

• Hospital
• Office-based Physicians
• Pharmacy

Based on End-Use, the Global E-Prescribing Market is bifurcated into Hospitals, Office-Based Physicians, and Pharmacy. The hospitals segment is dominating the global e-prescribing market attributable to the rising utilization of these facilities. The installation costs associated with e-prescription solutions are lower in hospitals contributing positively to market growth. However, the pharmacy segment is expected to grow at a robust CAGR during the forecast period. The implementation of e-prescribing within pharmacies plays a significant role in enhancing patient health outcomes, thereby demonstrating a substantial influence on the pharmacy sector.

E-Prescribing Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, the Global is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is substantially dominating the Global E-Prescribing Market. The United States, leads the global e-prescribing market due to advanced healthcare infrastructure and supportive government initiatives. The region’s early adoption of electronic health records (EHRs) has paved the way for widespread e-prescribing integration. However, Europe region is anticipated to be the fastest-growing region in the global e-prescribing market during the forecast period. The stringent healthcare regulations and strong focus on digital health initiatives are accelerating adoption rates.

Key Players

The “Global E-Prescribing Market” study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Cerner Corporation (Oracle), Allscripts Healthcare LLC,  Epic Systems Corporation, DrFirst,  Athenahealth, NXGN Management LLC, McKesson Corporation, Surescripts, Change Healthcare, Practice Fusion, Inc., Networking Technology, Inc. (RXNT).

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global E-Prescribing Market Key Developments

• In March 2022, First Databank, Inc. introduced FDB Vela, a cloud-native e-prescribing network designed to facilitate the efficient exchange of essential medication prescription information, benefits verification, and clinical decision support among prescribers, payers, pharmacies, and other stakeholders.
• In August 2021, Meddo, an Indian startup operating a digital outpatient care platform, acquired Doxper, another startup, through a combination of cash and stock transactions. The acquisition is projected to increase Meddo’s customer base by approximately 300,000 to 400,000 additional patients each month. The acquisition is set to enhance the transformation of an additional 1,000 clinics over the next 12 to 15 months in leading markets throughout India.

Report Scope

Research Methodology of Verified Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.