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Written by Mark Smith » Updated on: September 11th, 2024
The latest report by IMARC Group, titled “E-Prescribing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the e-prescribing market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global e-prescribing market size reached US$ 2.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.3 Million by 2032, exhibiting a growth rate (CAGR) of 21.05% during 2024-2032.
E-Prescribing Market Trends:
The global market is primarily driven by the increasing emphasis on reducing medication errors, which are a major concern in traditional prescribing methods. E-prescribing enhances prescription accuracy through automated clinical decision support systems, which help in checking drug interactions, allergies, and dosage errors. Additionally, the growing adoption of healthcare IT solutions across healthcare facilities globally is accelerating the use of e-prescribing systems and is impelling the market forward. Moreover, the rising integration of e-prescribing systems with electronic health records (EHRs), as this integration provides a seamless flow of patient data across different healthcare providers is further propelling market growth.
Furthermore, government initiatives and regulations promoting the use of e-prescribing systems to ensure compliance and enhance patient care are also significant contributors to the market expansion. In line with this, the ongoing advancement in technology and the introduction of mobile-based e-prescribing applications are expanding the accessibility and usability of these systems, thereby supporting the continuous growth of the e-prescribing market.
Get a Sample Copy of this Report: https://www.imarcgroup.com/e-prescribing-market/requestsample
E-Prescribing Market Scope and Growth Analysis:
The scope of the market extends beyond mere prescription management, reaching into areas such as medication reconciliation and patient medication adherence. It serves a crucial role in the continuity of care, particularly for patients with chronic conditions requiring ongoing medication management. The market's growth is supported by an increasing number of pharmacies adopting digital systems that are compatible with e-prescribing. This compatibility ensures smoother communication and more efficient operational processes across the healthcare continuum.
Furthermore, the market is also benefiting from the rising geriatric population, which typically has higher medication needs; e-prescribing systems make managing multiple prescriptions simpler and more reliable. Internationally, the expansion of this market is being driven by the growing penetration of internet and smartphone usage, allowing for greater adoption of mobile health applications that facilitate e-prescribing functionalities. This global trend signifies a robust expansion trajectory as these technologies become integrated into emerging healthcare infrastructures, particularly in developing countries.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/e-prescribing-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
E-Prescribing Market Segmentation:
Our report has categorized the market based on region, component, delivery mode, specialties and end use.
Breakup by Component:
Breakup by Delivery Mode:
Breakup by End User:
Breakup by Specialties:
Breakup by Region:
Key highlights of the report:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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