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How Does the Projected Growth of the E-Prescribing Market Compare Over the Forecast Period?

In the past few years, the size of the e-prescribing market has seen significant expansion. It is projected to increase from $2.67 billion in 2024 to $3.32 billion in 2025, with a compound annual growth rate (CAGR) of 24.6%. The historic growth of this market is credited to regulatory mandates, a decrease in medication errors, heightened patient safety, improved prescription workflow, and greater efficiency among prescribers.

Over the coming years, significant expansion is projected in the e-prescribing market size. By 2029, it is forecasted to reach $8.22 billion, growing at a compound annual growth rate (CAGR) of 25.4%. The anticipated increase during this period can be linked to the expanding telemedicine sector, personalized medicine, prescription drug monitoring programs, medication therapy management, and global e-prescribing initiatives. Key trends projected for this forecast period encompass interoperability and health information exchange, medication reconciliation, electronic prior authorization, tools for medication adherence, eRx for controlled substances, and AI-powered alerts and decision support.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the e-prescribing Market?

The increasing emphasis on minimizing errors in medical procedures is anticipated to spur the expansion of the e-prescribing market. A medical error refers to a preventable adverse impact of healthcare on a patient, and e-prescribing has notably lessened such errors stemming from illegible doctor’s handwriting. As an example, data from the National Library of Medicine, a US medical library, suggests that in May 2023, medical errors in hospitals and clinics were responsible for about 100,000 deaths annually. Hence, the heightened attention towards curtailing medical errors is fueling the growth of the e-prescribing market.

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Who Are the Key Players Steering the Development of the E-Prescribing Market?

Major companies operating in the e-prescribing market include:

• Epic Systems Corporation_x000D_

• Allscripts Healthcare Solutions Inc._x000D_

• NextGen Healthcare Inc._x000D_

• Athenahealth_x000D_

• Henry Schein Inc._x000D_

How Are Consumer Trends Shaping the Current and Future Landscape of the E-Prescribing Market?

The rise of technology in healthcare is an emerging trend that is becoming popular in the e-prescribing market. Establishing new technological solutions is the focus of major corporations in the e-prescribing market in order to consolidate their stance. For instance, Change Healthcare, a US healthcare technology business that provides e-prescriptions, unveiled the latest version of their leading clinical decision support solution – InterQual 2022, in April 2022. It offers updated criteria for emergency trends. This involves the remodeling and interactivity of the criteria to optimize workflows, and uses artificial intelligence (AI) for generating forward-thinking insights and productivity. All enhancements have undergone independent peer-review and research, ensuring they are unbiased, giving users confidence in the criteria.

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Which Primary Segments of the E-Prescribing Market Are Driving Growth and Industry Transformations?

The e-prescribing market covered in this report is segmented –

1) By Component: Solutions, Services

2) By Deployment: Web And Cloud Based, On-Premise

3) By End-User: Hospitals, Office-Based Physicians, Pharmaceuticals

Subsegments:

1) By Solutions: E-Prescribing Software, Electronic Health Records (EHR) Integration, Mobile E-Prescribing Applications

2) By Services: Implementation Services, Training And Support Services, Maintenance And Upgrades

Which Geographical Regions Are Shaping the E-Prescribing Market Growth?

North America was the largest region in the e-prescribing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the e-prescribing market during the forecast period. The regions covered in the e-prescribing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Are the Defining Aspects of the E-Prescribing Market Landscape?

E-prescribing refers to a technological framework that allows physicians and other medical practitioners to write and send prescriptions to a participating pharmacy electronically instead of using handwritten or faxed notes or calling in prescriptions.

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