E-Prescription Market is expected to grow at a CAGR of 20.01% through 2031
Sudden outbreak
of COVID-19 virus is driving the growth in Global E-Prescription Market in the
forecast period, 2027-2031.
According to TechSci Research report, “E-Prescription
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2021-2031 Segmented By Component (Solutions {Standalone Solutions &
Integrated Solutions} & Services), By Mode Of Delivery (On-Premises
Solutions & Web/ Cloud-based Solutions), By End-User Segment Analysis
(Hospitals, Pharmacies & Clinics), By Region”, the Global E-Prescription Market will grow from USD 4.14 Billion in 2025 to USD 12.37 Billion by 2031 at a 20.01% CAGR.
Moreover, the rapid rise in chronic disease incidence is driving growth in the global e-prescription market over the next five years.
Additionally, growing government support and an increasing number of patients inclined toward online consultations and prescriptions are expected to drive growth in the global e-prescription market over the next five years. The global e-prescription
market is geared to show exponential growth due to rising adoption of EHR
solutions and incentive programs. Furthermore, demand for error-free prescriptions is contributing to the development of the global e-prescription market over the next five years. Prescription errors are a significant cause for concern because they affect patient health and professionals’ integrity. Increasing awareness among the population and the advantages of e-prescription are expected to support the growth of the global e-prescription market over the forecast period.
E-prescriptions are digital versions of prescriptions issued after an online consultation with a medical practitioner. They are widely accepted healthcare services in the recent trend. E-prescriptions are
often beneficial in case the patient is not able to visit the doctor regularly
or in emergency conditions. Pregnant and soon-to-be mothers, and patients affected by sexual issues, mental health disorders, etc., are widely using these services for emergency consultation and medical prescriptions.
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The global e-prescription market is segmented by component,
mode of delivery, end-user segment, competitive landscape, and region. Based on the mode of delivery, the market is further bifurcated into on-premises solutions & web/cloud-based solutions. Web or
cloud-based solutions are anticipated to hold the most significant revenue shares of the
market and dominate the market segment on the account of rapidly increasing
demands. The cloud-based solutions include basic information, remedies, and
first-aid actions that can be taken in emergencies.
On-premises solutions are also expected to register fastest growing CAGR in the
upcoming five years on the backbone of rapidly increasing chronic diseases. The
online consultation and then prescription is often for first-aid or emergency
situations though on-premises services like surgical, operational, and other
activities require on-premises services.
By end user, the market is further segmented into hospitals, pharmacies & clinics. Hospitals are anticipated to hold the most significant revenue shares of the market and dominate the market segment on account of the rising adoption of electronic prescribing and medication administration systems with benefits like accurate communication among healthcare professionals and reduced adverse drug events, medication errors, and healthcare costs.
Key Market Players
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- McKesson Corporation
- eClinicalWorks LLC
- GE Healthcare
- NextGen Healthcare, Inc.
- DrFirst, Inc.
- Greenway Health, LLC
- Practice Fusion, Inc.
Market players are actively involved in the research and technological development in product development. Advanced technology has enabled the industry to provide high-quality services through e-prescription. Further advancement would
aid the market value and brand establishment in the future five years. New market players may focus on research and development to provide options that satisfy the consumer demand as well as benefit the market players in building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“North America is
anticipated to hold the largest revenue shares in the next five years. The healthcare industry is rapidly evolving, and advanced methods to optimize the availability of healthcare facilities for patients are further aiding the market's potential growth. Countries such as the United States and Canada have dedicated research facilities that are advancing the healthcare industry overall. New market players must focus on the research and technological advancement of the e-prescription, such that rising consumer demands can be satisfied, and this would aid their brand establishment in the upcoming five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
“E-Prescription Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Component (Solutions {Standalone Solutions & Integrated Solutions} & Services), By Mode Of Delivery (On-Premises Solutions & Web/Cloud-based Solutions), By End-User Segment Analysis (Hospitals, Pharmacies & Clinics), By Region 2021-2031F”,
has evaluated the future growth potential of global e-prescription and provides
statistics & information on market size, structure and future market
growth. The report aims to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global e-prescription market.
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