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What key factors are powering the surge in the e-prescribing market right now?

In recent times, the e-prescribing market has witnessed exceptional growth. The market which was $2.67 billion in 2024 will demonstrate a rise to $3.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.6%. Factors such as regulatory obligations, reduction in medication errors, enhancement of patient safety, streamlining of prescription workflows, and boosted efficiencies of prescribers have largely contributed to the growth during the historic period.

How fast Is the e-prescribing market expected to grow, and what’s its future value?

In the ensuing years, a significant expansion is anticipated in the e-prescribing market size. It is projected to reach a valuation of $8.22 billion in 2029, increasing at a compound annual growth rate (CAGR) of 25.4%. The growth during the forecast period is credited to the burgeoning telemedicine industry, personalized medicine, prescription drug monitoring programs, medication therapy management, and worldwide e-prescribing initiatives. Key trends expected during the forecast period encompass interoperability and health information exchange, medication reconciliation, electronic prior authorization, medication adherence tools, erx for controlled substances, and AI-based alerts and decision support.

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What are the leading drivers of growth in the e-prescribing market?

The e-prescribing market’s growth is anticipated to be fueled by the increasing emphasis on minimizing medical errors. A medical error is defined as a preventable adverse impact of medical care on a patient. The incidence of errors caused by illegible handwriting of doctors has significantly been lessened by e-prescribing. For instance, a report from the US-based National Library of Medicine in May 2023 stated that about 100,000 deaths annually occur due to medical errors in hospitals and clinics. Consequently, the intensified commitment to minimize medical errors is propelling the growth of the e-prescribing market.

What are the key segments defining the e-prescribing market?

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

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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, Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., Athenahealth, Henry Schein Inc., Computer Programs and Systems Inc., DrFirst.com Inc., Surescripts, Medical Information Technology, Change Healthcare, Health Fusion Inc., eMDs Inc., Cerner Corporation, Practice Fusion Inc., eClinicalWorks LLC, Greenway Health LLC, AdvancedMD Inc., Kareo Inc., PracticeSuite Inc., Advanced Data Systems Corporation, Aprima Medical Software Inc., Compulink Healthcare Solutions, CureMD Healthcare, MacPractice Inc., Medsphere Systems Corporation, Modernizing Medicine Inc., NueMD LLC, Office Ally Inc., Optum Inc., PatientNOW Inc., protected cell company, Sevocity Inc.

What emerging trends are influencing the growth of the e-prescribing market?

Technological advancements emerging in the healthcare sector stand as a crucial trend, heightening the popularity of the e-prescribing market. Big players in the market are keen on creating innovative technological solutions to solidify their standing. Take for example Change Healthcare, a U.S. based company in healthcare technology, including e-prescribing, who unveiled their latest edition, InterQual 2022, in April 2022. This latest edition of the company’s leading clinical decision support solution aids the provision of cutting-edge, evidence-based appropriate care. New criteria for emerging trends, reorganized and engaging criteria to simplify workflows, and the use of artificial intelligence (AI) for enhancing predictive insights and efficacy are included. Every update is meticulously researched and independently peer-reviewed, providing assurance to users that the criteria are unbiased.

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Which regions are most influential in expanding the e-prescribing market?

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.

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