Global Computerized Physician Order Entry Market

Computerized Physician Order Entry Market Size, Share, Growth Analysis, By Type (Integrated, Standalone), By Component (Hardware, Software), By Deployment (Web-Based, On-Premise), By End User (Hospitals, Office-Based Physicians), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35D2177 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 62 | Figures: 75

Computerized Physician Order Entry Market Insights

Computerized Physician Order Entry Market size was valued at USD 1.8 Billion in 2023 and is poised to grow from USD 1.91 Billion in 2024 to USD 3.1 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).

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.

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FAQs

Global Computerized Physician Order Entry Market size was valued at USD 1.81 billion in 2022 and is poised to grow from USD 1.92 billion in 2023 to USD 3.08 billion by 2031, growing at a CAGR of 6.1% during the forecast period (2024-2031). 

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. 'Allscripts Healthcare Solutions, Inc. (US) ', 'Athenahealth, Inc. (US) ', 'Carestream Health (US) ', 'Cerner Corporation (US) ', 'EPIC Systems Corporation (US) ', 'eClinicalWorks, LLC (US) ', 'GE Healthcare (Division of General Electric Company) (US) ', 'McKesson Corporation (US) ', 'Medical Information Technology, Inc. (US) ', 'Philips Healthcare (Subsidiary of Royal Philips) (Netherlands) ', 'Siemens Healthcare (Subsidiary of Siemens AG) (Germany) ', 'Siemens Healthineers GmbH (Germany) ', 'Koninklijke Philips N.V (Netherlands) ', 'Oracle Corporation (US) ', 'Meditech, LLC (US) ', 'NXGN Management, LLC (US) ', 'CliniComp (US) ', 'CareCloud Inc. (US) ', 'First Databank, Inc. (US) ', 'NextGen Healthcare, Inc. (US) '

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.

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.

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.

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Global Computerized Physician Order Entry Market

Report ID: SQMIG35D2177

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