Dublin, July 17, 2024 (GLOBE NEWSWIRE) — The “Electronic Prescription Systems – Global Strategic Business Report” report has ResearchAndMarkets.com Recruitment.
The global e-prescription systems market is estimated to reach USD 1.7 billion in 2023 and is projected to reach USD 5.2 billion by 2030, growing at a CAGR of 17.0% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help in making informed business decisions.
The growth of the e-prescribing systems market is driven by several factors. Increasing government initiatives and regulatory requirements aimed at reducing prescription errors and improving patient safety are major drivers. For example, mandates for EHR adoption in various countries and the push for health information technology are accelerating the adoption of e-prescribing systems.
The prevalence of chronic diseases and the associated rise in medication usage is necessitating efficient prescription management solutions, further fueling the market growth. Technological advancements such as the development of interoperable systems that enable seamless data exchange across various healthcare platforms are also contributing to the expansion of the market.
Moreover, the increased demand for telehealth services, especially in the wake of the COVID-19 pandemic, has highlighted the importance of e-prescribing systems in ensuring continuity of care in remote areas. The increased focus on reducing healthcare costs by minimizing prescription errors and improving operational efficiency is another key factor driving the adoption of e-prescribing systems.
Collectively, these factors underscore the robust growth trajectory of the electronic prescribing systems market, reflecting its vital role in modernizing healthcare delivery and improving patient outcomes.
Key insights:
- Market Growth: Understand the significant growth trajectory of the e-prescription solutions segment, which is expected to reach USD 3.2 billion by 2030, at a CAGR of 16.3%. The e-prescription services segment is also anticipated to grow at a CAGR of 18.1% during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated to reach $466 million in 2023, and the Chinese market, projected to grow at a staggering CAGR of 24.9% to reach $1.5 billion by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.
Report highlights:
- Comprehensive market data: Independent analysis of annual revenue and market forecasts (in USD millions) from 2023 to 2030.
- Detailed regional analysis: In-depth analysis of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Profiles: Features major companies such as Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., and Cerner Corporation.
- Free Updates: Receive free report updates for one year to stay up to date with the latest market trends.
Key attributes:
| Report Attributes | detail |
| number of pages | 258 |
| Forecast Period | 2023 – 2030 |
| Estimated market value in 2023 (USD) | $1.7 billion |
| Market value forecast to 2030 (USD) | $5.2 billion |
| Compound Annual Growth Rate | 17.0% |
| Target area | global |
Market Overview
- Influencer Market Insights
- Latest News from the World Economy
- Electronic Prescription Systems – Market Share of Global Major Competitors in 2024 (E)
- Competitive Market Presence for Global Players in 2024 – Strong/Active/Niche/Trivial Market (E)
Market Trends and Drivers
- Growing demand for telehealth services expands addressable market opportunity
- Increasing government initiatives and regulatory requirements will drive the growth of e-prescription systems
- Advances in cloud-based platforms bring scalability and flexibility to the forefront
- The integration of artificial intelligence (AI) and machine learning (ML) strengthens the business case for predictive capabilities
- Rise in chronic conditions drives adoption of efficient prescription management solutions
- Increased focus on patient safety and reducing prescription errors will drive growth of e-prescribing systems market
- Mobile applications provide greater convenience for healthcare providers and patients
- Development of Electronic Prior Approval (ePA) system accelerates drug approval process
- Growing need for cost reduction in healthcare systems is supporting the growth of the e-prescription market
- COVID-19 pandemic highlights importance of electronic prescribing systems for continuity of care
- The introduction of electronic health records (EHR) is expanding the market for e-prescription systems
- Increased investment in healthcare information technology creates new opportunities for market expansion
- Expansion of Health Information Exchanges (HIEs) brings interconnected health systems into focus
- Advances in Cybersecurity Technology Will Facilitate Adoption of Secure E-Prescribing Systems
Focus on the selected players (Total 14 items)
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Celner Corporation
- Change Healthcare Co., Ltd.
- Computer Programs and Systems, Inc. (CPSI)
- Doctor First Co., Ltd.
- eClinicalWorks LLC
- Epic Systems, Inc.
- GE Healthcare
- Greenway Health LLC
- Henry Schein Corporation
- Meditech
- Practice Fusion Co., Ltd.
For more information on this report, please visit: https://www.researchandmarkets.com/r/87p0jb
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Global Electronic Prescription Systems Market
