Market Size of Global E-prescribing Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 3.39 Billion |
Market Size (2029) | USD 10.02 Billion |
CAGR (2024 - 2029) | 24.19 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
E-prescribing Market Analysis
The Global E-prescribing Market size is estimated at USD 3.39 billion in 2024, and is expected to reach USD 10.02 billion by 2029, growing at a CAGR of 24.19% during the forecast period (2024-2029).
The outbreak of COVID-19 positively impacted the market. Many healthcare organizations opted for the e-prescribing method and also several studies were conducted in order to improve the e-prescribing method. For instance, according to the study titled, "E-prescribing and access to prescription medicines during lockdown: experience of patients in Aotearoa/New Zealand" in July 2021, e-prescribing has the potential to improve access to prescription drugs and is convenient for patients. The rise in e-prescribing during the lockdown showed how the system could be improved through better feedback on errors, greater consistency across practices and pharmacies, more proactive communication with patients, and fair prescribing costs. Furthermore, according to the report published by Surescripts in September 2020, throughout the spread of COVID-19, healthcare providers have increased their use of e-prescribing, direct messaging, and prescription price transparency tools to streamline patient care and boost patient data sharing. Therefore, such instances indicate that the pandemic has contributed a postive impact to the market.
The minimization of prescription errors, rising demand for e-prescription system, and better quality of healthcare and cost reduction are the major drivers for the market. The minimization of prescription errors is one of the key factors driving the market growth over the forecast period. For instance, according to the study titled, "A Survey of Patients' Opinions and Preferences on the Use of E-Prescriptions in Poland" published in September 2021, e-prescriptions are one of the key e-services in the ongoing process of informatization of the Polish healthcare system and E-prescriptions comes with a number of advantages for both patients and medical personnel. It also reported that the introduction of e-prescriptions into the Polish healthcare system was supposed to eliminate the problem of illegibility of prescriptions and, as a result, have a positive impact on the treatment of patients. In addition, patient safety is expected to increase, by reducing the possibility of dispensing the wrong medication. Thus, such instances, indicate a considerable growth of the market over the forecast period.
However, security and workflow issues and lack of skilled personnel to handle the systems are likely to hinder the market growth over the forecast period.
E-prescribing Industry Segmentation
As per the scope of the report, e-prescribing, or electronic prescribing is a technology framework that allows physicians and other medical practitioners to write and send prescriptions to a participating pharmacy in an electronic format instead of using written prescriptions. The e-prescribing Market is segmented by component (Hardware, Software, and Services), Type of System (Stand-alone E-prescribing System and Integrated E-prescribing System), By Delivery Mode (Cloud Based, Web Based, and On-Premise), End User (Hospitals and Clinics), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
By Component | |
Hardware | |
Software | |
Services |
By Type of System | |
Stand-alone E-prescribing System | |
Integrated E-prescribing System |
By Delivery Mode | |
Cloud Based | |
Web Based | |
On-Premise |
By End Users | |
Hospitals | |
Clinics |
Geography | ||||||||
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Global E-prescribing Market Size Summary
The e-prescribing market is poised for significant growth, driven by the increasing adoption of digital prescription methods across healthcare systems. The COVID-19 pandemic acted as a catalyst, encouraging healthcare organizations to implement e-prescribing solutions to enhance patient care and streamline prescription processes. The market is characterized by the transition from stand-alone systems, which are cost-effective and easier to manage, to integrated systems that offer more comprehensive functionalities. This shift is expected to enhance the efficiency and effectiveness of e-prescribing solutions, thereby driving market expansion. The demand for e-prescribing is further bolstered by the need to minimize prescription errors, improve healthcare quality, and reduce costs, making it a pivotal component of modern healthcare infrastructure.
North America is anticipated to lead the e-prescribing market, supported by increased healthcare expenditure, government initiatives, and a strong demand for digital prescription systems. The region's market growth is further fueled by key product launches, strategic partnerships, and a high concentration of market players. The competitive landscape is dominated by major players such as Cerner Corporation, NextGen Healthcare, and eClinicalWorks, who are continuously innovating to maintain their market positions. The market's consolidation and competitiveness are evident as companies strive to enhance their offerings in response to rising patient awareness and the need for improved healthcare delivery. As the market evolves, the integration of advanced technologies and strategic collaborations are expected to play a crucial role in shaping its future trajectory.
Global E-prescribing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Minimisation of Prescription Errors
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1.2.2 Rising Demand for E-prescription System
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1.2.3 Better Quality of Healthcare and Cost Reduction
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1.3 Market Restraints
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1.3.1 Security and Workflow Issues
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1.3.2 Lack of Skilled Personnel to Handle the Systems
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Component
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2.1.1 Hardware
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2.1.2 Software
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2.1.3 Services
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2.2 By Type of System
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2.2.1 Stand-alone E-prescribing System
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2.2.2 Integrated E-prescribing System
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2.3 By Delivery Mode
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2.3.1 Cloud Based
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2.3.2 Web Based
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2.3.3 On-Premise
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2.4 By End Users
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2.4.1 Hospitals
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2.4.2 Clinics
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle-East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle-East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Global E-prescribing Market Size FAQs
How big is the Global E-prescribing Market?
The Global E-prescribing Market size is expected to reach USD 3.39 billion in 2024 and grow at a CAGR of 24.19% to reach USD 10.02 billion by 2029.
What is the current Global E-prescribing Market size?
In 2024, the Global E-prescribing Market size is expected to reach USD 3.39 billion.