Get more information on Computerized Physician Order Entry Market - Request Sample Report
The Computerized Physician Order Entry Market Size was valued at USD 1.81 billion in 2023, and expected to reach USD 3.25 billion by 2032, and grow at a CAGR of 6.7% over the forecast period 2024-2032.
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.
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.
Government programmes to upgrade the IT infrastructure that lowers the cost of healthcare
RESTRAINTS
Installation is expensive.
OPPORTUNITIES
Wireless's growing popularity
Cloud computing is also having an impact on market growth.
CHALLENGES
A scarcity of skilled professionals
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.
By Components
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.
By End-User
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.
By Components
Software
Hardware
Services
By Delivery Mode
Web-Based CPOE
On-Premise CPOE
By End-User
Hospital
Pharmacy
Laboratory
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.
Need any customization research on Computerized Physician Order Entry Market - Enquiry Now
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
Some of the major key players are Athenahealth, Inc., Cerner Corporation, Allscripts, Carestream Health, Inc., Epic Systems Corporation, GE Healthcare, MEDITECH, Siemens Healthcare, McKesson Corporation, NextGen Healthcare Information Systems and other players.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.81 Billion |
Market Size by 2032 | US$ 3.25 Billion |
CAGR | CAGR of 6.7% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
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. |
Ans: The Computerized Physician Order Entry Market size was valued at US$ 1.81 billion in 2023.
Ans: The Computerized Physician Order Entry Market is growing at a CAGR of 6.7% over the forecast period 2024-2032.
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.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Computerized Physician Order Entry Market Segmentation, By Components
8.1 Software
8.2 Hardware
8.3Services
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
10.1 Hospital
10.2 Pharmacy
10.3 Laboratory
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Athenahealth, Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cerner Corporation
12.3 Allscripts
12.4 Carestream Health, Inc.
12.5 Epic Systems Corporation
12.6 GE Healthcare
12.7 MEDITECH
12.8 Siemens Healthcare
12.9 McKesson Corporation
12.10 NextGen Healthcare Information Systems
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Intraoral Cameras Market size was estimated at USD 2.05 billion in 2023 and is expected to reach USD 4.72 billion by 2031 with a growing CAGR of 11% during the forecast period of 2024-2031.
The Smoke Evacuation System Market Size, valued at USD 171.8 Million in 2023, is expected to reach USD 309.1 Million by 2032 at a CAGR of 6.7%.
The Cleanroom Technologies Market Size was valued at USD 8.1 billion in 2023 and is expected to reach USD 14.76 billion by 2032 and grow at a CAGR of 6.9% over the forecast period 2024-2032.
The Endoprosthesis Market Size was valued at USD 10.13 billion in 2023 and is expected to reach USD 23.70 billion by 2031 and grow at a CAGR of 11.21% over the forecast period 2024-2031.
The Dry Age-Related Macular Degeneration Market Size was valued at USD 12.03 billion in 2023 and is expected to reach USD 22.64 billion by 2031 and grow at a CAGR of 8.22% over the forecast period 2024-2031.
The Medical Device Cleaning Market Size was valued at USD 22.98 billion in 2023 and is expected to reach USD 58.07 billion by 2032 and grow at a CAGR of 10.85% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone