USD 1.60 Billion
Computerized Physician Order Entry Market Size, Share, Growth Analysis, By Type(Standalone, and Integrated), By Component(Software, Hardware, and Services), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2177 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Computerized Physician Order Entry Market Insights
Computerized Physician Order Entry Market size was valued at USD 1.70 Billion in 2022 and is poised to grow from USD 1.80 Billion in 2023 to USD 2.92 Billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031)
The global computerized physician order entry market is a rapidly growing sector in the healthcare industry. The purpose of the market is to streamline and enhance the accuracy and efficiency of the order entry process, reducing medication errors and improving patient safety. One of the key driving factors for the CPOE market is the increasing adoption of electronic health records (EHRs) by healthcare organizations. CPOE systems are often integrated with EHRs, allowing seamless transmission of orders and patient information, enhancing care coordination and reducing manual errors. The need to improve patient outcomes and optimize workflow efficiency also contributes to the market growth. There are certain restraining factors and challenges in the CPOE market.
One major challenge is the resistance to change from healthcare providers who are accustomed to traditional paper-based systems. Implementation of CPOE requires extensive training and changes in workflow, which can be met with resistance from healthcare professionals. Additionally, interoperability issues between different healthcare systems and the high implementation costs can pose challenges for market growth. Despite the challenges, the CPOE market presents significant opportunities. The shift towards value-based care and the increasing focus on patient safety and quality outcomes create a favorable environment for the adoption of CPOE systems. Moreover, the integration of advanced technologies such as artificial intelligence and machine learning into CPOE systems has the potential to enhance decision support and improve clinical outcomes.
The global computerized physician order entry market aims to transform the traditional paper-based order entry process into a more efficient and accurate electronic system. The market is driven by the increasing adoption of EHRs, the need for improved patient safety, and workflow optimization. While challenges such as resistance to change and interoperability issues exist, the market presents opportunities for growth through the shift towards value-based care and the integration of advanced technologies. Continued innovation and collaboration between healthcare providers and technology vendors will further drive the advancement of CPOE systems and positively impact patient care.
US Computerized Physician Order Entry Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Standalone
Fastest Growth
Standalone
Growth Rate
6.2% CAGR
Global Computerized Physician Order Entry Market ($ Bn)
Country Share for North America Region (%)
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Computerized Physician Order Entry Market Segmental Analysis
The global computerized physician order entry market is segmented on the basis of type, process, and region. By type, the market is segmented into Standalone, and Integrated. By Component, the market is segmented into Software, Hardware, and Services. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Computerized Physician Order Entry Market Analysis by Type
The largest segment is the integrated CPOE systems. Integrated CPOE systems are widely adopted by healthcare organizations as they seamlessly integrate with electronic health records (EHRs) and other clinical systems. These integrated systems provide a comprehensive solution that enables healthcare providers to efficiently manage and transmit orders, streamline workflows, and improve patient safety. The integration of CPOE with EHRs allows for real-time access to patient information, reducing errors and improving communication among healthcare professionals. The integrated CPOE segment holds a significant market share due to its proven benefits in enhancing care coordination and optimizing clinical processes.
The fastest-growing segment in the CPOE market is the standalone CPOE systems. Standalone CPOE systems operate independently and are not integrated with other clinical systems. They offer a stand-alone solution for order entry and management, and they are typically adopted by smaller healthcare facilities or healthcare providers who prefer a separate system for CPOE functionalities. The standalone CPOE segment is experiencing rapid growth due to the increasing adoption of electronic health records and the need for healthcare organizations to upgrade their order entry systems. Standalone CPOE systems provide flexibility and customization options tailored to specific organizational needs. Moreover, they offer a cost-effective solution for healthcare providers who may not require the full integration capabilities of integrated systems. The standalone CPOE segment is expected to grow at a significant rate as healthcare organizations continue to embrace digital transformation and seek efficient ways to manage and track patient orders.
Computerized Physician Order Entry Market Analysis by Component
The largest segment is the software component. Software forms the backbone of CPOE systems, providing the necessary functionalities for order entry, processing, and management. CPOE software enables healthcare providers to digitally input, transmit, and track medical orders, ensuring accuracy and efficiency in the healthcare workflow. It offers features such as clinical decision support systems, electronic prescribing, and real-time data integration with electronic health records (EHRs). The software component of CPOE systems holds the largest market share due to its critical role in driving the digital transformation of order entry processes and improving patient safety.
The fastest-growing segment in the CPOE market is the services component. CPOE services encompass a range of offerings, including implementation, training, consulting, and support services. As healthcare organizations adopt CPOE systems, they require professional assistance to ensure seamless integration, user training, and ongoing maintenance of the systems. CPOE services help healthcare providers navigate the complexities of implementation, maximize the benefits of CPOE software, and address any technical or operational challenges that may arise. With the increasing adoption of CPOE systems across the globe, the demand for services such as implementation and training is growing rapidly. The services component is expected to witness significant growth as healthcare organizations recognize the value of expert support in effectively leveraging CPOE technology.
Global Computerized Physician Order Entry Market By Type
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Computerized Physician Order Entry Market Regional Insights
The dominating region in the global computerized physician order entry (CPOE) market is North America. This is accountable to the early adoption of healthcare IT systems, robust healthcare infrastructure, and government initiatives promoting the adoption of digital healthcare solutions. The United States, in particular, plays a major role in driving the growth of the CPOE market in the region. The implementation of the Health Information Technology for Economic and Clinical Health (HITECH) Act and the meaningful use program has incentivized healthcare organizations to adopt CPOE systems. Additionally, the presence of key market players, technological advancements, and a focus on improving patient safety and care quality contribute to the dominance of North America in the CPOE market.
The fastest-growing region in the global CPOE market is the Asia Pacific. The region is witnessing rapid digital transformation in the healthcare sector, increasing healthcare IT investments, and a growing emphasis on improving healthcare infrastructure. Countries like China, Japan, and India are experiencing significant growth in the adoption of CPOE systems. Rising healthcare expenditure, increasing patient population, and a shift towards paperless healthcare systems are key factors driving the demand for CPOE solutions in the region. Moreover, the implementation of government initiatives to promote digitization in healthcare, such as the National e-Health Program in India, further accelerates the adoption of CPOE systems. The Asia Pacific region presents immense growth opportunities for CPOE vendors, as healthcare organizations strive to enhance operational efficiency, reduce medical errors, and improve patient outcomes.
Global Computerized Physician Order Entry Market By Geography
- Largest
- Fastest
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Computerized Physician Order Entry Market Dynamics
Computerized Physician Order Entry Market Drivers
Increasing Focus on Patient Safety
- Patient safety is a paramount concern in healthcare, and CPOE systems play a crucial role in reducing medication errors and improving patient outcomes. The growing emphasis on patient safety initiatives and the implementation of regulations and standards to enhance medication management drive the adoption of CPOE solutions.
Integration with Electronic Health Records (EHRs)
- Integration of CPOE systems with EHRs enables seamless data exchange, real-time access to patient information, and efficient clinical decision-making. The integration of CPOE with EHRs improves workflow efficiency, enhances care coordination, and reduces documentation errors, driving the demand for integrated CPOE solutions.
Computerized Physician Order Entry Market Restraints
Implementation challenges
- Implementing a CPOE system involves significant changes in workflows, training healthcare professionals, and integrating with existing IT infrastructure. These implementation challenges can hinder the widespread adoption of CPOE systems, particularly in smaller healthcare facilities with limited resources.
Cost Constraints
- The initial investment and ongoing maintenance costs associated with CPOE systems can be substantial. Some healthcare organizations, especially those with limited budgets, may face financial constraints in implementing and maintaining these systems, which could hinder their adoption.
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Computerized Physician Order Entry Market Competitive Landscape
The global computerized physician order entry market is highly competitive, with several key players vying for market share. These companies strive to offer innovative solutions that improve patient safety, enhance healthcare efficiency, and meet the evolving needs of healthcare organizations. The competitive landscape is characterized by intense competition, partnerships, mergers and acquisitions, and a focus on technological advancements. To stay competitive, companies in the CPOE market invest heavily in research and development to introduce new features and functionalities. They also emphasize user-friendly interfaces, integration capabilities, and interoperability with other healthcare IT systems. Moreover, partnerships and collaborations with healthcare organizations, EHR vendors, and technology providers are common strategies to expand market reach and enhance product offerings.
Computerized Physician Order Entry Market Top Player’s Company Profiles
- Cerner Corporation (US)
- Epic Systems Corporation (US)
- Allscripts Healthcare Solutions, Inc. (US)
- McKesson Corporation (US)
- MEDITECH (US)
- Siemens Healthineers AG (Germany)
- Philips Healthcare (Netherlands)
- Athenahealth, Inc. (US)
- eClinicalWorks (US)
- GE Healthcare (US)
- NextGen Healthcare, Inc. (US)
- CPSI (Computer Programs and Systems, Inc.) (US)
- CompuGroup Medical SE & Co. KGaA (Germany)
- Agfa-Gevaert Group (Belgium)
- CureMD (US)
- QuadraMed (US)
- InterSystems Corporation (US)
- Cognizant (US)
- DXC Technology (US)
- TPP (The Phoenix Partnership) (UK)
Computerized Physician Order Entry Market Recent Developments
- In January 2023, Allscripts Healthcare Solutions announced the launch of its new CPOE solution, Allscripts Expanse CPOE.
- In March 2023, Siemens Healthineers announced the launch of its new CPOE solution, Siemens Healthineers CPOE.
- In May 2023: eClinicalWorks LLC announced the launch of its new CPOE solution, eClinicalWorks eCPOE. The solution is designed to help healthcare organizations improve patient safety, medication accuracy, and efficiency.
Computerized Physician Order Entry Key Market Trends
- Mobile and Cloud-based Solutions: The CPOE market is witnessing a shift towards mobile and cloud-based solutions, allowing healthcare providers to access and manage orders remotely. Mobile apps and cloud-based platforms enable greater flexibility, scalability, and real-time connectivity, enhancing care coordination and convenience for healthcare professionals.
- Interoperability and Data Exchange: There is an increasing focus on interoperability and seamless data exchange between CPOE systems and other healthcare IT solutions. Efforts are being made to standardize data formats, develop robust interfaces, and promote interoperability standards to ensure the smooth flow of information between different systems. This trend enables comprehensive patient care by facilitating the exchange of data across various healthcare settings.
Computerized Physician Order Entry Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global computerized physician order entry market analysis, these systems enhance patient safety by reducing the risk of errors and improving communication between healthcare professionals. They also streamline workflows, increase efficiency, and improve coordination of care. The CPOE market has been experiencing significant growth due to various factors. One key driver is the growing focus on patient safety and the need to minimize medical errors. CPOE systems play a crucial role in reducing medication errors by providing decision support tools, alerts for potential drug interactions or allergies, and dosage recommendations based on patient-specific factors.
The emphasis on patient safety and quality of care has led to increased adoption of CPOE systems globally. In terms of market trends, there is a growing emphasis on the integration of CPOE systems with other healthcare IT solutions, such as EHR platforms and pharmacy systems. This integration facilitates seamless data exchange, comprehensive patient information access, and improved care coordination. Mobile and cloud-based solutions are also gaining popularity, allowing healthcare providers to access and manage orders remotely, enhancing flexibility and real-time connectivity. The global CPOE market is driven by the need for patient safety, government initiatives, and technological advancements. The market offers significant opportunities for companies providing CPOE solutions. However, challenges related to implementation and costs need to be addressed. As the market evolves, integration with other healthcare IT systems and the adoption of mobile and cloud-based solutions are becoming key trends.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.70 Billion |
| Market size value in 2031 | USD 2.92 Billion |
| Growth Rate | 6.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Computerized Physician Order Entry Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Computerized Physician Order Entry Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Computerized Physician Order Entry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Computerized Physician Order Entry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Computerized Physician Order Entry Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Computerized Physician Order Entry Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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