Report Id: SNS/HC/2319 | July 2022 | Region: Global | 131 Pages
Computerized Physician Order Entry Market Size was valued at USD 1.6 billion in 2021, and expected to reach USD 2.5 billion by 2028, and grow at a CAGR of 6.7% over the forecast period 2022-2028.
A medical professional can input prescription requests or other doctor's instructions electronically rather than on paper charts through a procedure called computerized physician order entry. The ability to reduce prescription order errors brought on by sloppy handwriting or transcription is one of CPOE's key benefits. These systems allow users to electronically determine prescription orders as well as laboratory, admission, imaging, referral, and operation orders. The Global CPOE Market is being propelled by government initiatives to create an IT infrastructure and information technology that helps lower healthcare expenses.
Population growth and the prevalence of chronic illnesses.
Increasing number of prescription medicine ordering mistakes.
The healthcare sector has undergone a number of technical breakthroughs.
Government programmes to upgrade the IT infrastructure that lowers the cost of healthcare
Installation is expensive.
Wireless's growing popularity
Cloud computing is also having an impact on market growth.
A scarcity of skilled professionals
IMPACT OF COVID-19
Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the businesses and industries of numerous nations. The closing of numerous plants and factories has had a detrimental influence on the production, delivery schedules, and sales of goods on the international market. Only a few businesses have already warned of potential delivery delays and eventual sales declines. Additionally, the chances for commercial relationships and collaborations are being impacted by the international travel bans implemented by nations in Europe, Asia-Pacific, and North America. The market for computerized physician/provider order entry is benefited by COVID-19.
The services sub-segment of the components industry has the highest market value, followed by software and hardware. The deployment market is further divided into three categories: cloud-based, on-premises, and web-based, with web-based accounting for the greatest market value.
By Delivery Mode
On-premises, web-based, and cloud-based distribution are among the modalities of delivery that automated provider order entry program supports. Quite a bit of it was delivered via the internet. Digital literacy is rising globally, and this is attributed to increased internet service penetration.
However, over the projected period, it is anticipated that cloud-based deployment will show a profitable growth rate. The clear benefits of using cloud-based technologies include remote data access and real-time data tracking.
This market has been divided into office-based physicians, hospitals, emergency healthcare service providers, nurses, and other end-users. On the other hand, the hospital sector held the greatest proportion of the global market for computerized physician order entry.
Some of the major key players are as follows: Athenahealth, Inc., Cerner Corporation, Allscripts, Carestream Health, Inc., Epic Systems Corporation, GE Healthcare, MEDITECH, Siemens Healthcare, McKesson Corporation, NextGen Healthcare Information Systems.
By Delivery Mode
During the forecast period, Asia Pacific is expected to emerge as the dominant growth-contributing region for computerized physician order entry systems. The increased efforts to raise awareness about these systems across various healthcare facilities are expected to emerge as a key growth factor for the Asia Pacific computerized physician order entry systems market. North America is expected to grow steadily as well.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 1.6 Billion|
|Market Size by 2028||US$ 2.5 Billion|
|CAGR||CAGR of 6.7% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Components (Software, Hardware, Services)
• By Delivery Mode (Web-Based CPOE, On-Premise CPOE, Cloud-Based CPOE)
• By End-User (Hospital, Pharmacy, Laboratory)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Athenahealth, Inc., Cerner Corporation, Allscripts, Carestream Health, Inc., Epic Systems Corporation, GE Healthcare, MEDITECH, Siemens Healthcare, McKesson Corporation, NextGen Healthcare Information Systems.|
|KEY DRIVERS||• Population growth and the prevalence of chronic illnesses.
• Increasing number of prescription medicine ordering mistakes.
• The healthcare sector has undergone a number of technical breakthroughs.
|Restraints||• Installation is expensive.|
Frequently Asked Questions (FAQ) :
Yes, this report covers qualitative and quantitative analysis.
Yes, this report covers qualitative and quantitative analysis.
The challenges faced by Computerized Physician Order Entry market is A scarcity of skilled professionals.
A medical professional can input prescription requests or other doctor's instructions electronically rather than on paper charts through a procedure called computerized physician order entry.
The hospital sector held the greatest proportion of the global market for computerized physician order entry.
Computerized Physician Order Entry Market Size was valued at USD 1.6 billion in 2021, and expected to reach USD 2.5 billion by 2028,
Table of Content
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Computerized Physician Order Entry Market Segmentation, By Components
9. Computerized Physician Order Entry Market Segmentation, By Delivery Mode
9.1 Web-Based CPOE
9.2 On-Premise CPOE
9.4 Cloud-Based CPOE
10. Computerized Physician Order Entry Market Segmentation by End-User
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Athenahealth, Inc.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cerner Corporation
12.4 Carestream Health, Inc.
12.5 Epic Systems Corporation
12.6 GE Healthcare
12.8 Siemens Healthcare
12.9 McKesson Corporation
12.10 NextGen Healthcare Information Systems
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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