The report is titled as ‘Computerized Physician Order Entry Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the computerized physician order entry market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Computerized physician order entry market is expected to grow with significant rate in the near future.
The global computerized physician order entry Market in 2020 is estimated for more than US$ 1.5 Bn and expected to reach a value of US$ 2.4 Bn by 2028 with a significant CAGR of 6.3%.
Computerized Physician Order Entry Introduction
A computerized physician order entry (CPOE) system, known as computerized provider order entry as well, is an electronic application that acts as an information system that apprehends and collects physician’s directions and guidance as well as assists in enhancing the competence of patient-care administration.
The computerized physician order entry (CPOE) system makes secure and appropriate assemblage and transmission of patient’s health information between clinics, laboratories, pharmacy, radiology, and other healthcare agencies.
The pharmacists and specialists can go through the patient entry orders, status, register their personal details, and give out data in a simple-to-use patient record. The numerous benefits of the computerized physician order entry system such as non-repetition of tests, reduction in duration of stay, enhanced cost savings and decreased turnaround time for laboratory tests is promoting its utility in various applications. Owing to this, the computerized physician order entry market is projected to grow rapidly in the coming years.
Computerized Physician Order Entry Market Dynamics
The evolution in the healthcare industry over the past decade and the adoption of better and technologically advanced alternatives have majorly driven the growth of the computerized physician order entry market all these years.
Moreover, in the present-day world, there is an upsurge in healthcare IT adoption that increases the efficiency of the working of hospitals and other healthcare agencies and offers improved treatment to patients all across the world.
Along with that, several governments, all across the globe, are also taking huge initiatives in order to enhance the services provided to patients and providing abundant financing for the further growth of the computerized physician order entry market in the near future.
The soaring count of patients worldwide is fueling the count of medical errors simultaneously, which in turn accelerates the demand for integrated healthcare as well as automated systems in the healthcare agencies, thereby stimulating the demand for computerized physician order entry (CPOE) systems in the market. Hence, the computerized physician order entry market is expected to witness significant growth during the forecast timeframe.
However, the computerized physician order entry system is of high cost and time-consuming for installation, which is considered a few restraining factors that may hold back the growth of the computerized physician order entry market growth in the near future.
Computerized Physician Order Entry Market Segmentation
Computerized physician order entry market is segmented on the basis of type, component, deployment mode, end-user, and by region.
By Type
Integrated CPOE
Standalone CPOE
By Component
Services
Software
Hardware
By Deployment Mode
Web-Based
On Premise
Cloud-Based
By End-User
Office-Based Physicians
Hospitals
Emergency Healthcare Service Providers
Nurses
Other End-Users
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Computerized Physician Order Entry Market Key Players
Some of the key participating players in Computerized Physician Order Entry Market are Allscripts, Athenahealth, Inc., Siemens Healthcare, Philips Healthcare, Medical Information Technology, Inc., Cerner Corporation, eClinicalWorks LLC, Epic systems, GE healthcare, Mckesson Corporation, Carestream Health and others.
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