E-prescribing Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The stand-alone e-prescribing system is an independent single-entity system used for e-prescribing drugs to patients. This system runs on software that acts in a single mode, through which doctors or physicians prescribe drugs to patients on an electronic platform. Stand-alone e-prescribing applications are cheaper and easier to install than integrated systems. However, stand-alone applications may not have all of the functionality such as the e-prescribing module that is linked to an electronic medical record. Stand-alone applications may require the double entry of any clinical data. This requires additional work and the risks of additional errors increase, thus slowing down the entire process. Applications of stand-alone systems are slowly being phased out from the healthcare IT sector as they are being replaced by integrated ones, which are more efficient and effective.

The several advantages offered by the stand-alone e-prescribing system is the major factor for driving the segment growth over the forecast period. For instance, as per the journal published by NewCrop in December 2020, stand-alone e-prescribing systems are less expensive than electronic health record-integrated systems and the cost of bringing on one software rather than an entire comprehensive system is much less. Furthermore, standalone e-prescribing software is also easier to manage than integrated systems. It also helps to coordinate patients' treatment by putting their entire medication history into one portal. In addition, they also require less infrastructure than integrated systems.  The E-prescribing Market size is expected to grow from USD 2.73 billion in 2023 to USD 8.07 billion by 2028, at a CAGR of 24.19% during the forecast period (2023-2028).

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