Key Insights into the E-Prescribing Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the E-Prescribing Market?
The increased emphasis on minimizing medical mistakes is predicted to boost the expansion of the e-prescribing market in the future. The term medical error signifies a preventable negative impact of healthcare on a patient. Through eliminating the problems caused by unreadable handwriting of doctors, e-prescribing has greatly lowered these errors. For example, the National Library of Medicine, a renowned medical library in the US, reported in May 2023 that roughly 100,000 deaths each year in hospitals and clinics are due to medical mistakes. Consequently, the intensified efforts to minimize medical errors are promoting the e-prescribing market’s robust growth.
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#What Long-Term Growth Rate is Expected for the E-Prescribing Market Between 2025 and 2034?
The scale of the e-prescribing market has significantly amplified over the recent years. This market is projected to rise from a value of $2.67 billion in 2024 to $3.32 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 24.6%. Factors contributing to the growth experienced in the historic period include regulatory mandates, reduction in medication errors, enhanced patient safety, improved prescription procedures, and an increase in prescriber efficiency.
In the coming years, the market for e-prescribing is predicted to experience substantial expansion. With a compound annual growth rate (CAGR) of 25.4%, the market value is projected to reach $8.22 billion in 2029. The expected surge during the forecast period is linked to the expanding telemedicine sector, customized medicine, prescription drug supervision programs, medication therapy management, and global e-prescribing drives. Key trends predicted for this period include interoperability coupled with health information exchange, electronic prior certification, medication consistency tools, e-prescribing for controlled substances, and AI-fueled alerts and decision support.
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What Are the Key Market Innovations in the E-Prescribing Market Over the Coming Years?
The rise of technology in healthcare is emerging as a significant trend in the e-prescribing market. Established enterprises in this market are prioritizing the creation of innovative technological solutions to solidify their standing. To illustrate, Change Healthcare, an American company specializing in healthcare technology and e-prescribing, introduced InterQual 2022 in April. This is the newest version of their principal clinical decision support solution designed for the provision of the most recent and scientifically backed adequate care. It introduces new criteria for upcoming trends, revamped and interactive criteria to simplify workflows, and leverages artificial intelligence for more proactive insights and efficiencies. Every update is rigorously researched and independently reviewed by peers, providing users with confidence in their impartiality.
Who Are the Top Companies Driving Innovation and Growth in theE-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.
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Which Key Market Segments Comprise the E-Prescribing Market and Drive Its Revenue Growth?
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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Which Regions Are Emerging as Leaders in 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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