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Written by Mark Smith » Updated on: December 04th, 2024
The latest report by IMARC Group, titled “E-Prescribing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2033,” offers a comprehensive analysis of the e-prescribing market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global e-prescribing market size reached USD 2.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 13.0 Million by 2033, exhibiting a growth rate (CAGR) of 18.94% during 2025-2033.
Get a Sample Copy of this Report: https://www.imarcgroup.com/e-prescribing-market/requestsample
Increasing Adoption of Digital Health Solutions:
The e-prescribing market is growing rapidly, thanks to the rise of digital health solutions. Both healthcare providers and patients are seeing the benefits of digital platforms. This shift aims to improve efficiency, accuracy, and safety in medication management. E-prescribing systems reduce errors from handwritten prescriptions and improve communication between providers and pharmacies. By 2025, the push for better integration of electronic health records (EHRs) and e-prescribing systems will enhance data sharing. This allows providers to access complete patient information quickly. Support from regulations and government initiatives will also boost the e-prescribing market. The COVID-19 pandemic has sped up this shift towards digital solutions, making e-prescribing vital for remote care. As healthcare evolves, e-prescribing will become standard practice, shaping the future of medication management.
Enhanced Patient Engagement and Empowerment:
A key trend in e-prescribing is the growing focus on patient engagement. Patients want more control over their healthcare, including how they manage medications. E-prescribing platforms now often include patient portals and mobile apps. These tools allow patients to view prescriptions, request refills, and talk to healthcare providers. This easy access makes patients feel more responsible for their health. Looking ahead to 2025, we expect e-prescribing to merge with other digital health tools, like adherence apps and telehealth services. This will likely boost patient engagement even more. Such systems provide real-time medication info and reminders, improving adherence and health outcomes. Patients can also see their prescription history and get alerts about drug interactions. This helps them make better treatment decisions. The trend towards more patient involvement not only improves the experience but also increases the demand for user-friendly e-prescribing solutions.
Regulatory Support and Industry Collaboration:
The e-prescribing market is growing due to more support and collaboration. Governments see e-prescribing as key to better, safer healthcare. They are now offering guidelines and incentives. For example, the U.S. has the MACRA initiative. It encourages doctors to adopt e-prescribing. Support is expected to continue until 2025, boosting e-prescribing adoption. Meanwhile, partnerships among tech firms, healthcare providers, and pharmacies are vital. They aim to create solutions that improve the prescribing process and patient experience. As they tackle challenges like data security and user adoption, the market will likely grow faster and become more functional. This teamwork is crucial for meeting the changing needs of healthcare providers and patients.
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:
Solutions lead the market, with services also contributing significantly.
Breakup by Delivery Mode:
Web-based systems dominate the market share, followed by cloud-based and on-premises options.
Breakup by End User:
Hospitals represent the largest segment, with pharmacies and office-based physicians also notable.
Breakup by Specialties:
Oncology accounts for the largest market share among specialties, with sports medicine, neurology, and cardiology also included.
Breakup by Region:
North America is the largest regional market, followed by Asia Pacific, Europe, Latin America, and the Middle East and Africa.
E-Prescribing Market Trends:
The e-prescribing market is set to grow significantly. This growth is due to more people adopting digital health solutions, increased patient involvement, and strong regulatory support. By 2025, the shift to electronic prescriptions will be driven by the need for better efficiency and safety in managing medications. Integrating e-prescribing with other digital tools will empower patients, leading to better adherence and health outcomes. Ongoing regulatory efforts will support this shift, providing incentives and aid to providers. Collaboration among industry players is key to overcoming challenges and sparking innovation. As the market evolves, e-prescribing will become essential in modern healthcare, improving medication management and patient care.
Key highlights of the report:
About Us:
As a global frontrunner in the field of market research, IMARC Group offers invaluable management strategies and in-depth market intelligence. Our collaborative efforts span multiple industries and geographical regions, where we assist clients in exploring substantial opportunities, overcoming critical challenges, and fostering transformative business processes.
Our information products are tailored to meet the needs of business leaders across various high-tech industries, including pharmaceuticals, biotechnology, and advanced materials. We provide comprehensive market forecasts and industry analyses, focusing on sectors such as biotechnology, advanced materials, pharmaceuticals, food and beverage, as well as innovative fields like nanotechnology and novel processing methods, ensuring our clients are well-prepared to lead in their respective fields.
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IMARC Group
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