Global Computerized Physician Order Entry (CPOE) Market, By System (Integrated and Standalone), Delivery (Cloud, On-Premise and Web-Based), Component (Software, Hardware and Services), End-User (Hospitals, Clinics and Nursing Homes and Home Health Agencies) – Industry Trends and Forecast to 2030.
Computerized Physician Order Entry (CPOE) Market Analysis and Size
Government and other independent healthcare organizations are attempting to streamline the care delivery process with the primary goals of bringing automation, reducing errors, and reducing overall clinical decision time, particularly in developed economies. CPOE provides a viable platform for achieving the aforementioned goals. As a result, promotion by government agencies and healthcare organizations is propelling the CPOE market forward. Furthermore, the rising number of medication errors caused by poor legibility, communication, and patient misuse favors the use of CPOE.
Data Bridge Market Research analyses that the computerized physician order entry (CPOE) market which was USD 1.68 billion in 2022, is expected to reach USD 2.76 billion by 2030, at a CAGR of 6.39% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Computerized Physician Order Entry (CPOE) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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System (Integrated and Standalone), Delivery (Cloud, On-Premise and Web-Based), Component (Software, Hardware and Services), End-User (Hospitals, Clinics and Nursing Homes and Home Health Agencies)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Allscripts Healthcare, LLC (U.S.), atheanahealth, Inc. (U.S.), Siemens Healthineers GmbH (Germany), Koninklijke Philips N.V (Netherlands), Medical Information Technology, Inc. (U.S.), Oracle (U.S.), eClinicalWorks (U.S.), Epic Systems Corporation (U.S.), General Electric (U.S.), MCKESSON CORPORATION (U.S.), Carestream Health (U.S.), Meditech, LLC (U.S.), NXGN Management, LLC (U.S.), CliniComp (U.S.), CareCloud Inc. (U.S.), First Databank, Inc. (U.S.)
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Market Opportunities
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Market Definition
Computerized physician order entry is an application that assists providers in entering medical orders into computer systems located in inpatient or ambulatory settings. Many traditional methods, such as written, verbal, and fax, are being replaced by computerized physician order entry (CPOE), which allows users to electronically specify referral, , radiology, medication order, admission procedure, and other details.
Global Computerized Physician Order Entry (CPOE) Market Dynamics
Drivers
- Improved healthcare infrastructure
Improved healthcare infrastructure and an increase in the number of medical facilities, particularly in developed economies, are expected to favour market growth. Computerized physician order entry (CPOE) systems provide a viable platform for achieving primary goals such as reducing errors during the delivery and transcription stages. These factors are expected to stimulate market growth for computerised physician order entry (CPOE).
- Government initiatives
Improved government initiatives to develop and deploy technologically advanced healthcare information technologies (IT) on a global scale are key drivers of growth in this sector. For instance, during the 58th World Health Assembly, the World Health Organization (WHO) urged member states to pursue various strategic actions to promote information technology, including CPOE. Some key strategic actions in this industry include a long-term deployment action plan and the effort to reach every community with vulnerable groups.
Opportunities
- Recent technological advancements
Recent technological advancements in the healthcare sector, combined with the implementation of novel technologies such as healthcare information technology (IT), are expected to boost market growth over the next seven years. Increased promotional activities by international and local authorities, such as the World Health Organization (WHO), to offer various strategic actions for information technology adoption involving computerized physician order entry (CPOE) systems, are expected to drive industry expansion in the coming years.
- Increased implementation of lean management principles
The centralization of medical systems would result in process simplification, resulting in several economic benefits. A critical prevailing trend observed is the increased employment of lean management principles such as six sigma through various routine functionalities, resulting in optimal resource utilization. As a result, the growing popularity of centralization is expected to drive up demand for these services.
Restraints/Challenges
- High cost
The major challenges for the growth of the computerized physician order entry market are a lack of skilled professionals, high and time-consuming installation costs, a lack of awareness among physicians, and interoperability issues.
This computerized physician order entry (CPOE) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the computerized physician order entry (CPOE) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Computerized Physician Order Entry (CPOE) Market
The pandemic had a positive effect on the market. Maintain proper track records as the pandemic caused chaos in healthcare settings. Medical professionals now need to be able to collect and retain data quickly and efficiently. Furthermore, the entire system was shifted to web-based online development, so information technology applications in medical settings were greatly appreciated during the process. Even after the pandemic, the market for computerized physician order entry (CPOE) grew as a result of the advantages discovered during the pandemic.
Global Computerized Physician Order Entry (CPOE) Scope
The computerized physician order entry (CPOE) market is segmented on the basis of system, delivery, component and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
System
- Integrated
- Standalone
Delivery
- Cloud
- On-Premise
- Web-Based
Component
- Software
- Hardware
- Services
End-User
- Hospitals
- Clinics
- Nursing Homes
- Home Health Agencies
Computerized Physician Order Entry (CPOE) Market Regional Analysis/Insights
The computerized physician order entry (CPOE) market is analyzed and market size insights and trends are provided by country, system, delivery, component and end-user as referenced above.
The countries covered in the computerized physician order entry (CPOE) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the computerized physician order entry (CPOE) market because of the rising demand for paperless environments to minimize the human error.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the decreasing delay in order completion and need for reducing treatment costs and decreasing delay in order completion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The computerized physician order entry (CPOE) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for computerized physician order entry (CPOE) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the computerized physician order entry (CPOE) market. The data is available for historic period 2011-2021.
Competitive Landscape and Computerized Physician Order Entry (CPOE) Market Share Analysis
The computerized physician order entry (CPOE) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to computerized physician order entry (CPOE) market.
Some of the major players operating in the computerized physician order entry (CPOE) market are:
- Allscripts Healthcare, LLC (U.S.)
- atheanahealth, Inc. (U.S.)
- Siemens Healthineers GmbH (Germany)
- Koninklijke Philips N.V (Netherlands)
- Medical Information Technology, Inc. (U.S.)
- Oracle (U.S.)
- eClinicalWorks (U.S.)
- Epic Systems Corporation (U.S.)
- General Electric (U.S.)
- MCKESSON CORPORATION (U.S.)
- Carestream Health (U.S.)
- Meditech, LLC (U.S.)
- NXGN Management, LLC (U.S.)
- CliniComp (U.S.)
- CareCloud Inc. (U.S.)
- First Databank, Inc. (U.S.)
Research Methodology: Global Computerized Physician Order Entry (CPOE) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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