Growing Emphasis On Error Reduction Drives E-Prescribing Market Expansion: Strengthening the Growth Trajectory of the E-Prescribing Market

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What Is the Expected CAGR for the E-Prescribing Market Through 2025?
In recent times, there has been significant growth in the e-prescribing market size. The market, which stood at $2.67 billion in 2024, is projected to expand to $3.32 billion in 2025, translating to a compound annual growth rate (CAGR) of 24.6%. This growth during the historical period is due to factors such as regulatory directives, a decrease in medication errors, better patient safety, improved prescription process, and raised efficiency in prescribing.

What's the Projected Size of the Global E-Prescribing Market by 2029?
In the coming years, the e-prescribing market is projected to experience considerable expansion. By 2029, it is anticipated to grow to the value of $8.22 billion, reflecting a compound annual growth rate (CAGR) of 25.4%. This expansion throughout the forecast period is linked to the burgeoning telemedicine sector, individualized medicine, prescription drug monitoring programs, medication therapy management and worldwide e-prescribing initiatives. Key trends to watch during this forecast period include health information exchange and interoperability, medication reconciliation, electronic prior authorization, tools for medication adherence, e-prescription for regulated drugs, and AI-induced alerts along with decision assistance.

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Top Growth Drivers in the E-Prescribing Industry: What's Accelerating the Market?
The increasing emphasis on minimising medical mistakes is predicted to boost the expansion of the e-prescribing market. Medical mistake pertains to a preventable negative impact of medical treatment on a patient. E-prescribing has considerably lowered mistakes caused by illegible doctor's handwriting. For example, data from the National Library of Medicine, a US-based medical library, confirm in May 2023 that medical mistakes in hospitals and clinics contribute to about 100,000 deaths annually. Consequently, the escalating focus on cutting down medical mistakes is propelling the e-prescribing market's growth.

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What Trends Will Shape the E-Prescribing Market Through 2029 and Beyond?
Technological advancements in healthcare stand as a notable emerging trend in the e-prescribing market. Many dominant businesses in this industry are concentrating on the creation of technologically forward solutions to solidify their market position. A great example is what unfolded in April 2022 when Change Healthcare, an American healthcare technology firm with e-prescribing among its services, unveiled InterQual 2022. This is the company's newest edition of their prominently celebrated clinical decision support solution for providing the most recent and evidence-based appropriate care. It incorporates criteria for emergent trends, refashioned and interactive criteria for efficient workflow, and harnesses artificial intelligence (AI) to generate proactive insights and improve efficiency. Considering that all updates are thoroughly examined and independently critiqued by peers, users can trust in the absence of bias in the criteria.

What Are the Main Segments in the E-Prescribing Market?
The e-prescribing market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment: Web And Cloud Based, On-Premise
3) By End-User: Hospitals, Office-Based Physicians, Pharmaceuticals

Subsegments:
1) By Solutions: E-Prescribing Software, Electronic Health Records (EHR) Integration, Mobile E-Prescribing Applications
2) By Services: Implementation Services, Training And Support Services, Maintenance And Upgrades

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Which Top Companies are Driving Growth in the E-Prescribing Market?
Major companies operating in the e-prescribing market include Epic Systems Corporation, Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., Athenahealth, Henry Schein Inc., Computer Programs and Systems Inc., DrFirst.com Inc., Surescripts, Medical Information Technology, Change Healthcare, Health Fusion Inc., eMDs Inc., Cerner Corporation, Practice Fusion Inc., eClinicalWorks LLC, Greenway Health LLC, AdvancedMD Inc., Kareo Inc., PracticeSuite Inc., Advanced Data Systems Corporation, Aprima Medical Software Inc., Compulink Healthcare Solutions, CureMD Healthcare, MacPractice Inc., Medsphere Systems Corporation, Modernizing Medicine Inc., NueMD LLC, Office Ally Inc., Optum Inc., PatientNOW Inc., protected cell company, Sevocity Inc.

Which Regions Will Dominate the E-Prescribing Market Through 2029?
North America was the largest region in the e-prescribing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the e-prescribing market during the forecast period. The regions covered in the e-prescribing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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