Press release
Computerized Physician Order Entry Market Poised for 9.2% Growth, Set to Hit $3.2 Billion by 2029
Computerized Physician Order Entry Market Size
The rising incidences of medication errors are expected to propel the growth of the computerized physician order entry (CPOE) market. Medication errors, which are costly and harmful, can be reduced by using CPOE systems that automate and ensure accurate prescriptions. According to the World Health Organization's 2022 report, medication errors cost billions annually, driving the need for technologies like CPOE to improve patient safety and healthcare efficiency.
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What Is the projected market size and growth rate for the computerized physician order entry market?
The computerized physician order entry (CPOE) market has seen strong growth. It is projected to increase from $2.08 billion in 2024 to $2.27 billion in 2025 at a CAGR of 9.5%. Key historical growth factors include the widespread adoption of electronic health records (EHR) systems, government initiatives for healthcare digitization, a rising focus on reducing medication errors, the need for efficient healthcare order management, and a growing demand for improved workflow efficiency.
The computerized physician order entry (CPOE) market is forecasted to grow strongly, reaching $3.23 billion by 2029 with a CAGR of 9.2%. Growth will be fueled by the ongoing expansion of value-based care models and accountable care organizations, the rise of personalized medicine and precision healthcare, expansion of interoperability frameworks across health IT systems, increasing focus on patient-centered care, and sustained investments in cybersecurity to protect healthcare data. Emerging trends include AI integration, the adoption of cloud-based CPOE solutions, machine learning applications, mobile and remote access capabilities for physicians, enhanced cybersecurity protocols, and advancements in user interfaces and voice recognition technology.
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What new trends are reshaping the computerized physician order entry market and its opportunities?
In the computerized physician order entry (CPOE) market, major companies are forming strategic partnerships to leverage wireless and cloud technologies for handling high-volume workloads. For example, in August 2023, Microsoft Corporation partnered with Epic Systems Corporation to integrate Epic's electronic health record (EHR) system with Microsoft Azure. This collaboration enhances the scalability and efficiency of CPOE systems, allowing healthcare providers to manage large EHR databases and access patient data in real time, thus improving clinical workflows.
What major market segments define the scope and growth of the computerized physician order entry market?
The computerized physician order entrymarket covered in this report is segmented -
1) By Type: Standalone Computerized Physician Order Entry (CPOE), Integrated Computerized Physician Order Entry (CPOE)
2) By Component: Hardware, Software, Services
3) By Deployment: Web-Based, Cloud-Based, On-Premise
4) By End User: Pharmacies, Hospitals, Emergency Healthcare Service Providers, Office-Based Physicians, Other End Users
Subsegments:
1) By Standalone Computerized Physician Order Entry (CPOE): Single-Function CPOE Systems, Specialty-Specific Standalone CPOE Solutions, Customizable Standalone CPOE Applications
2) By Integrated Computerized Physician Order Entry (CPOE): Fully Integrated EHR (Electronic Health Record) CPOE Systems, CPOE with Decision Support Systems (DSS), Integrated CPOE with Laboratory and Pharmacy Management Systems, Comprehensive Healthcare Management Systems With CPOE Functionality
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Which region dominates the computerized physician order entry market?
North America was the largest region in the computerized physician order entry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computerized physician order entry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the computerized physician order entry industry growth?
Major companies operating in the computerized physician order entry market are UnitedHealth Group, McKesson Corporation, Kaiser Permanente, International Business Machines Corp (IBM), Siemens Healthineers, Philips Healthcare Inc., GE HealthCare Technologies Inc., Epic Systems Corporation, Athenahealth Inc., eClinicalWorks LLC, Allscripts Healthcare Solutions Inc., NextGen Healthcare, Medical Information Technology Inc. (Meditech), Computer Programs and Systems Inc., Greenway Health LLC, CareCloud Inc., Medhost, Picis Clinical Solutions, CliniComp International Inc., Zynx Health Inc.
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What Is Covered In The Computerized Physician Order Entry Global Market Report?
•Market Size Forecast: Examine the computerized physician order entry market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the computerized physician order entry market for a structured understanding.
•Key Players Overview: Analyze major players in the computerized physician order entry market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the computerized physician order entry market.
•Segment Contributions: Evaluate how different segments drive overall growth in the computerized physician order entry market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the computerized physician order entry market.
•Industry Challenges: Identify potential risks and obstacles affecting the computerized physician order entry market.
•Competitive Landscape: Review strategic developments in the computerized physician order entry market, including expansions, agreements, and new product launches.
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