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Computerized Physician Order Entry (CPOE) Systems Market 2022 Global Projection By Key Players - Allscripts, GE Healthcare, Cerner Corporation, Siemens Healthcare- Analysis and Forecast to 2030
Computerized Physician Order Entry (CPOE) Systems Market 2022-2030
The global CPOE Market is estimated to grow noticeably in the next 10 years. With personalization doing the rounds, the healthcare vertical is also not expected to escape. With digitization, not just the track record of the patient but also the precautionary measures to be taken could be put forth. This would be how the healthcare vertical go about in the subsequent period.
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 2030" the global computerized physician order entry systems market is valued at USD 999.4 million in 2022 and is expected to grow at a CAGR of 6.8% from 2022 to 2030, to reach an estimated value of USD 1,481.7 million in 2030.
A computerized physician order entry (CPOE) system is a healthcare information system which captures, stores, manages and transmits medical practitioner's instructions electronically, for the treatment of patients. Globally, computerized physician order entry systems market is witnessing significant growth due to need for integrated healthcare systems in healthcare industry.
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Some of the major companies operating in the computerized physician order entry systems market:
McKesson Corporation.
Allscripts.
GE Healthcare.
Cerner Corporation.
Siemens Healthcare.
Epic Systems Corporation.
Athenahealth, Inc.
Carestream Health, Inc.
NextGen Healthcare Information Systems.
LLC and MEDITECH.
Incidence of medication errors are increasing in different regions in the world. It has resulted in an increase in uses of CPOE systems alerts such as drug dosage support and clinical decision support. Increasing demand for better healthcare facilities from rapidly growing aging population and rising prevalence of diseases such as cancer, diabetes and heart diseases.
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Government initiatives and rise in investments from healthcare IT players has increased the adoption of computerized physician order entry systems. However, lack of experienced professionals, interoperability issues, cost and time consuming installation process and lack of commitment and interest from physicians are inhibiting the growth of computerized physician order entry systems market.
The global computerized physician order entry systems market is estimated at USD 999.4 million in 2022. It is likely to grow at a CAGR of 6.8% from 2022 to 2030 to reach USD 1,481.7 million in 2030.
North America has the largest market for computerized physician order entry systems. This is due to government pressure for implementation of CPOE in healthcare facilities for reducing drug errors and high incidence of chronic diseases in this region. In Europe, healthcare spending in IT is increasing which expected to witness moderate growth in the region.
In December 2012, the European Commission passed "2022-2030 eHealth Action Plan" which focused on the use of modern devices and technologies to promote personalized medicines in Europe. However, Asia has become one of the fastest-growing markets for computerized physician order entry systems market. Increase in aging population and increase in incident rates of various chronic diseases such as diabetes, heart disease, stroke, obesity, cancer and arthritis in various countries including Japan, China and India are expected to provide abundant opportunities to computerized physician order entry systems market.
The global computerized physician order entry systems market is segmented as follows:
Computerized Physician Order Entry Systems Market, By Delivery mode
Web Based CPOE
On-Premise CPOE
Cloud Based CPOE
Computerized Physician Order Entry Systems Market, By Components
Software
Hardware
Services
Computerized Physician Order Entry Systems Market, By End User
Hospital CPOE
Pharmacy CPOE
Laboratory CPOE
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Major Highlights of Computerized Physician Order Entry (CPOE) Systems Market Report:
Computerized Physician Order Entry (CPOE) Systems Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes Computerized Physician Order Entry (CPOE) Systems Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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