Press release
global computerized physician order entry system market will be worth US$1,481.7 million in 2020
About CPOEA computerized physician order entry (CPOE) system in healthcare will capture, store, relay, and manage data for a medical practitioner. This data is usually medical instructions in an electronic format, and pertains to a patient’s treatment process. The basic idea of a CPOE system is to mimic the workings of a regular medical chart. Studies have shown that almost 90 percent of the errors in medical data occur during the ordering or the transcribing phase. These errors can be caused due to multiple reasons, the most common of them being ambiguous abbreviations, poor handwriting, or even lack of knowledge.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/2813
A clinician will always use a CPOE system to enter orders for medication into a computer system. The computer then transmits the order directly to the pharmacy. More and more inpatient settings are beginning to employ CPOE systems in a bid to reduce processing errors. This forms the basic utility of a CPOE system: it minimizes errors, ensures legible, standardized, and completed orders that consequently improve efficiency at the ordering and transcribing stages.
An average CPOE system is usually collated with a clinical decision support system. These systems offer standard values of drug doses, frequency and routes of administration. Clinical decision support systems also offer improved safety features for drug administration such as checking for allergies or interactions with other drugs.
Theoretically speaking, CPOE systems possess the ability to integrate with all kinds of electronic medical records, negative drug event reporting systems, or decision support systems. This should result in faster transmission procedures for a pharmacy and increasing cost effectiveness.
Advantages and Limitations of Implementation in the CPOE Market
The greatest advantage that a CPOE system can impart is the reduction of errors created by inaccurate measurements, poor handwriting, and faulty transcription of medication orders. There is an overall increase in demand for more efficient healthcare organizations to treat a rapidly growing aging population and the consequently increasing prevalence of chronic diseases along with cancer, heart diseases, and diabetes. Government investments and awareness drives also contribute growth to the CPOE market. This means there will be an increased use of computer systems in medical processes in both developed and emerging nations.
There are, however, quite a few restraints on the global CPOE market. The most common limitation experienced everywhere is the lack of professionals that are trained or qualified enough to use CPOE systems. Other problems include the inability to quickly access records during emergencies. Failure of CPOE systems will automatically jeopardize the workflow of an entire healthcare organization. There needs to be a careful and well thought out planning in the implementation of CPOE systems. Failure to do so could result in a constant disruption of workflow at unpredictable times. There are also the additional costs of integrating a CPOE system to a clinical decision support system. Another problem that CPOE systems create is the concept of “alert fatigue”. Alert fatigue occurs when a practitioner experiences too many non-vital warnings from a CPOE system and eventually fails to sometimes recognize critical warnings.
Request Report for TOC @ https://www.persistencemarketresearch.com/market-research/cpoe-market/toc
Overall, the CPOE market is led by North America, where the market is expected to reach US$870.3 million by 2020. The largest mode of delivery in the CPOR market is web-based CPOE. As far as fastest-growing sections are concerned, Asia Pacific is the fastest-growing region while cloud-based systems form the fastest-growing delivery mode.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release global computerized physician order entry system market will be worth US$1,481.7 million in 2020 here
News-ID: 1016252 • Views: …
More Releases from Persistence Market Research pvt ltd

Rise of Cloud Computing and Big Data Analytics Drives Processor Market Growth to …
According to a recent report by Persistence Market Research, the global processor market is expected to reach a value of US$ 332.0 billion by 2033, growing at a CAGR of approximately 9.6% during the forecast period.
The increasing demand for processors in smartphones, tablets, and other mobile devices is a key driver of market growth. The report also notes that the demand for processors in the automotive industry is expected…

Building Products Market Expected to Grow at 5.2% CAGR to Reach USD 1.5 Trillion …
the global building products market size was valued at USD 1.1 trillion and is expected to reach USD 1.5 trillion by 2026, growing at a CAGR of 5.2% during the forecast period.
The building products market encompasses a wide range of products used in the construction and renovation of residential, commercial, and industrial buildings. These products include but are not limited to lumber and wood products, roofing materials, insulation, windows and…

Road Sweeping Machine Market Size to Surpass US$ 5.9 billion by 2028 | Persisten …
Road Sweeping Machine Market
The global road sweeping machine market is expected to reach a value of US$ 5.9 billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028. The market growth is driven by several factors such as urbanization, increasing infrastructure development, rising awareness about environmental cleanliness, and government initiatives to promote sustainable living.
Click Here to Get Free Sample Copy of this Report @https://www.persistencemarketresearch.com/samples/16750
Road sweeping machines are…

Pigments & Dyes Market is expected to grow at a CAGR of 4.3% from 2023 to 2028
Pigments & Dyes Market
The global pigments and dyes market was valued at US$ 27.8 billion in 2022 and is expected to grow at a CAGR of 4.3% from 2022 to 2028, according to a report by PMR. The growth in the market can be attributed to the increasing demand for pigments and dyes from end-use industries such as textiles, paints, coatings, and plastics. The demand for high-performance pigments and dyes…
More Releases for CPOE
Computerized Physician Order Entry (CPOE) Market Industry Trends and Forecast to …
"The large scale Computerized Physician Order Entry (CPOE) Market report analyzes the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. This market research report is formed with a nice combination of industry insight, smart solutions, practical solutions and newest technology to give better user experience. Businesses can obtain details about market drivers and market restraints which assist them to take presumption…
The Computerized Physician Order Entry (CPOE) Systems Market To Tilt Towards Dig …
According to a new market report published by Persistence Market Research "Global Market Study on Computerized Physician Order Entry Systems - Software to Witness Highest Growth by 2020" the global computerized physician order entry systems market is valued at USD 999.4 million in 2014 and is expected to grow at a CAGR of 6.8% from 2014 to 2020, to reach an estimated value of USD 1,481.7 million in 2020.
A computerized…
Medical Robotics to Drive the CPOE Market
The CPOE Market is all set to go great guns in the forecast period. Big data makes way for real-time data visualization, thereby identifying the high-risk populations. Healthcare organizations are into sharing more data. This creation and collection of bigger datasets are likely to increase precision and help organizations in spotting trends. These trends are expected to keep the entire healthcare vertical on the toes.
According to a new market report…
The CPOE Market to be led by patient consumerization
The CPOE Market is expected to witness a staggering CAGR going forward. The gamut of care is being driven by the usage of sensors, digital technologies, and wearables, thereby allowing the healthcare personnel to delve deep into the patients’ live – be it pre-operative, post-operative, or the period in between. Consumer tech companies are into making caregivers visible outside of the clinical environment a reality.
According to a new market…
ASEAN Computerized Physician Order Entry (CPOE) Market Size, By Component Type(S …
A recent market research report added to repository of Credible Markets is an in-depth analysis of Global Computerized Physician Order Entry (CPOE) Market. On the basis of historic growth analysis and current scenario of Computerized Physician Order Entry (CPOE) market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn…
Computerized Physician Order Entry (CPOE) Market Key Growth Factors and Forecast …
Computerized physician Order Entry (CPOE), which refers to the system in which physicians directly place orders electronically, with the orders transmitted directly to the recipient. This can be beat example of digital transformation of physicians prescribing pattern. Computerized physician order entry is the method of entering medication orders or instructions electronically instead of on paper charts. A prime advantage of CPOE is that it helps to mitigate errors pertaining to…