The e-prescribing market has witnessed a transformative shift over the past decade due to increasing digitalization in healthcare, growing demand for error-free prescriptions, and government initiatives to promote electronic healthcare systems. As an essential component of modern healthcare IT infrastructure, e-prescribing (electronic prescribing) enables healthcare providers to send prescriptions directly to pharmacies electronically, reducing errors, enhancing efficiency, and improving patient outcomes.
According to market research data, the global e-prescribing market size was valued at USD 863.64 million in 2018 and is projected to reach USD 4,017.79 million by 2026, growing at a compound annual growth rate (CAGR) of 21.0% during the forecast period. North America dominated the global market with a market share of 46.27% in 2018, owing to supportive government policies, advanced healthcare IT infrastructure, and high adoption rates.
This article provides an in-depth analysis of the e-prescribing industry, including market trends, growth drivers, recent developments, and key players shaping the future of this rapidly expanding segment.
E-prescribing, or electronic prescribing, refers to the process of using digital platforms to generate and transmit prescriptions to pharmacies. This technology eliminates the need for handwritten prescriptions, significantly reducing the risk of medication errors, enhancing workflow efficiency, and ensuring compliance with drug safety standards.