Key Trends And Drivers In The E-Prescribing Market 2023
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- Impressive Expansion: The global e-prescribing market has witnessed remarkable growth, escalating from $1.67 billion in 2022 to $2.07 billion in 2023, reflecting a substantial compound annual growth rate (CAGR) of 24.4%.
- Continued Momentum: Projections indicate sustained growth, with the market size expected to reach $4.92 billion in 2027, maintaining a robust CAGR of 24.1%.
Driving Force: Reducing Medical Errors
- Critical Focus: The rising emphasis on reducing medical errors emerges as a pivotal driver propelling the e-prescribing market forward.
- Error Reduction Impact: E-prescribing significantly addresses errors arising from undecipherable physician handwriting, contributing to a safer and more effective healthcare system.
- Global Scenario: Studies highlight the magnitude of the issue, such as a Harvard study revealing 5.2 million medical errors annually in India and a John Hopkins study noting over 250,000 annual deaths in the US due to medical errors.
Major Players Steering the Market
- Prominent Entities: Key players influencing the e-prescribing market include Epic Systems Corporation, Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., Athenahealth, Relay Health, Henry Schein Inc., GE Healthcare, Computer Programs and Systems Inc., DrFirst.com Inc., Surescripts-RxHub, Medical Information Technology, Change Healthcare, Health Fusion Inc., eMDs Inc., and iMedX Inc.
Technological Transformation Trend
- Strategic Technological Focus: The advent of technological transformation in healthcare is a prominent trend gaining momentum within the e-prescribing market.
- Innovative Solutions: Companies are actively developing new technological solutions to enhance their market positions, exemplified by Change Healthcare’s launch of InterQual® 2022.
- InterQual® 2022: This solution incorporates the latest clinical decision support capabilities, featuring new criteria for emergent trends, restructured and interactive criteria, and the integration of artificial intelligence (AI) for proactive insights and efficiency.
- Bias-Free Assurance: The criteria within these technological solutions undergo independent peer review, ensuring users’ confidence in their unbiased nature.
The global e-prescribing market is segmented into various components to provide a comprehensive understanding:
- By Component:
- By Deployment:
- Web And Cloud Based
- By End-User:
- Office-Based Physicians
- North America’s Leading Role: In 2022, North America took the lead in the e-prescribing market, indicating the region’s significant contribution to the adoption and advancement of electronic prescribing systems.
- Asia-Pacific’s Growth Potential: The Asia-Pacific region is anticipated to be the fastest-growing in the e-prescribing market during the forecast period, showcasing the global expansion and integration of electronic prescribing practices.
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The Table Of Content For The E-Prescribing Market Include:
1. E-Prescribing Market Executive Summary
2. E-Prescribing Market Segments
3. E-Prescribing Market Size And E-Prescribing Market Growth Rate
4. Key E-Prescribing Market Trends
5. Major E-Prescribing Market Drivers
25. Key Mergers And Acquisitions In The E-Prescribing Market
26. Top E-Prescribing Companies
27. E-Prescribing Market Opportunities And Strategies
28. E-Prescribing Market, Conclusions And Recommendations
The E-Prescribing Market Global Market Report 2023covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the E-prescribing market.
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