Canada E-prescribing Market Size & Outlook, 2023-2030
Canada e-prescribing market, 2018-2030 (US$M)
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Canada e-prescribing market highlights
- The Canada e-prescribing market generated a revenue of USD 170.5 million in 2023 and is expected to reach USD 920.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 27.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
E-prescribing market data book summary
| Market revenue in 2023 | USD 170.5 million |
| Market revenue in 2030 | USD 920.3 million |
| Growth rate | 27.2% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Oracle Corp, Allscripts Healthcare, Epic Systems Corporation, Athenahealth, NXGN, McKesson Corp, UnitedHealth Group Inc, DrFirst, Surescripts, Veradigm Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 4.7% of the global e-prescribing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. e-prescribing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 920.3 million by 2030.
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E-Prescribing Market Scope
E-Prescribing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada e-prescribing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to e-prescribing market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 58.71% in 2023. Horizon Databook has segmented the Canada e-prescribing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is likely to exhibit a CAGR of 23.1% during the forecast period. This can be attributed to the rising opioid crisis in the country. As stated by the Canadian Institute for Health Information, hospitalization for opioid poisoning rose by 27% between 2013 and 2017, with an average 17 individuals hospitalized for opioid poisoning daily in 2017.
Healthcare structure in the country drives companies to develop cloud-based and standalone prescribing systems, which enhance care provision along with cost-efficiency. In addition, growth in the number of healthcare institutions and rising number of people suffering from various disorders are likely to drive the market.
In line with these, companies have introduced new versions and models of e-prescribing systems to allow better performance and care by physicians. For instance, Prescribe IT, national e-prescribing service in association with the Canada Health Infoway (Infoway) protects personal health information from being misused or sold for marketing purposes.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada e-prescribing market , including forecasts for subscribers. This country databook contains high-level insights into Canada e-prescribing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada e-prescribing market size, by product, 2018-2030 (US$M)
Canada E-Prescribing Market Outlook Share, 2023 & 2030 (US$M)
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