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Computerized Physician Order Entry Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Computerized Physician Order Entry Market
What Is the Projected Growth of 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 Are the Different Computerized Physician Order Entry Market Segments?
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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What Are the Primary Drivers Shaping the Computerized Physician Order Entry Market?
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.
Which Companies Are Leading in the Computerized Physician Order Entry Market?
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.
What Trends Are Expected to Dominate the Computerized Physician Order Entry Market in the Next 5 Years?
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.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computerized Physician Order Entry Market?
2. What is the CAGR expected in the Computerized Physician Order Entry Market?
3. What Are the Key Innovations Transforming the Computerized Physician Order Entry Industry?
4. Which Region Is Leading the Computerized Physician Order Entry Market?
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