Dublin, July 17, 2024 (GLOBE NEWSWIRE) -- The "e-Prescription Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for e-Prescription Systems is estimated at US$1.7 Billion in 2023 and is projected to reach US$5.2 Billion by 2030, growing at a CAGR of 17.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the e-prescription systems market is driven by several factors. Increasing government initiatives and regulatory requirements aimed at reducing prescription errors and enhancing patient safety are significant drivers. For example, mandates for the adoption of EHRs and the promotion of health information technology in various countries have accelerated the implementation of e-prescription systems.
The growing prevalence of chronic diseases and the corresponding rise in medication prescriptions necessitate efficient prescription management solutions, further propelling market growth. Technological advancements, such as the development of interoperable systems that facilitate seamless data exchange across different healthcare platforms, are also contributing to market expansion.
Additionally, the increasing demand for telehealth services, especially in the wake of the COVID-19 pandemic, has highlighted the importance of e-prescription systems in ensuring continuity of care remotely. The enhanced focus on reducing healthcare costs by minimizing prescription errors and improving operational efficiencies is another critical factor driving the adoption of e-prescription systems.
These factors collectively underscore the robust growth trajectory of the e-prescription systems market, reflecting its integral 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 US$3.2 Billion by 2030 with a CAGR of a 16.3%. The e-Prescription Services segment is also set to grow at 18.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $466.0 Million in 2023, and China, forecasted to grow at an impressive 24.9% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., Cerner Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 258 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.7 Billion |
| Forecasted Market Value (USD) by 2030 | $5.2 Billion |
| Compound Annual Growth Rate | 17.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- e-Prescription Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Telehealth Services Expands Addressable Market Opportunity
- Increasing Government Initiatives and Regulatory Requirements Propel Growth in E-Prescription Systems
- Advances in Cloud-Based Platforms Throw the Spotlight on Scalability and Flexibility
- Integration of Artificial Intelligence (AI) and Machine Learning (ML) Strengthens Business Case for Predictive Capabilities
- Growing Prevalence of Chronic Diseases Drives Adoption of Efficient Prescription Management Solutions
- Enhanced Focus on Patient Safety and Reducing Prescription Errors Spurs Growth in E-Prescription Systems Market
- Adoption of Mobile Applications Enhance Convenience for Providers and Patients
- Development of Electronic Prior Authorization (ePA) Systems Accelerates Approval Process for Medications
- Rising Need for Cost Reduction in Healthcare Systems Sustains Growth in E-Prescription Market
- COVID-19 Pandemic Highlights Importance of E-Prescription Systems for Continuity of Care
- Implementation of Electronic Health Records (EHRs) Expands Addressable Market for E-Prescription Systems
- Increasing Investment in Health Information Technology Generates New Opportunities for Market Expansion
- Expansion of Health Information Exchanges (HIEs) Throws the Spotlight on Interconnected Healthcare Systems
- Advances in Cybersecurity Technologies Propel Adoption of Secure E-Prescription Systems
FOCUS ON SELECT PLAYERS (Total 14 Featured)
- Allscripts Healthcare Solutions, Inc.
- Athenahealth, Inc.
- Cerner Corporation
- Change Healthcare Inc.
- Computer Programs and Systems, Inc. (CPSI)
- DrFirst, Inc.
- eClinicalWorks LLC
- Epic Systems Corporation
- GE Healthcare
- Greenway Health LLC
- Henry Schein, Inc.
- MEDITECH
- Practice Fusion, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/87p0jb
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