Market Research Report
Computerized Physician Order Entry (CPOE) Systems Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||708577|
|Published||Content info||115 Pages
Delivery time: 2-3 business days
|Computerized Physician Order Entry (CPOE) Systems Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: September 1, 2019||Content info: 115 Pages||
The computerized physician order entry (CPOE) systems market will show rapid growth due to the government initiatives, increasing healthcare IT adoption and increasing quality of healthcare and patient-centered services.
There has been a rapid increase in the overall healthcare expenditure and the adoption of healthcare IT is increasing each year. The implementation and use of electronic health records (EHRs) and other health information technology (HIT) that has been shown to facilitate primary care practice transformation and this is helping in the adoption of IT systems and software in the clinics and hospitals. The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 authorized approximately USD 30 billion to support the adoption and to increase the use of HIT throughout the US health care delivery system.
There are also many research studies of the individual medical practitioner that have demonstrated that primary care physicians, and particularly family physicians, are more likely than their colleagues to adopt and use HIT. Hence all these factors are increasing the healthcare IT adoption rate and also helping the CPOE market growth in the forecasted period.
In addition, the increasing investments by leading healthcare IT companies are also predicted to accelerate the adoption. The patient-centric approach is a more pronounced trend in the market these days. In addition, the rising popularity of wireless and cloud technology is also influencing the market growth.
As per the scope of the report, CPOE is defined as an application, which assists providers to enter the medical orders into systems which are located within an ambulatory or in the inpatient setting. The information of a patient is usually entered by physicians, nurses, and pathologists on a computer system after the instructions of the specialist doctor. CPOE aids in the replacement of many traditional methods of enlisting medication orders, such as verbal (in person or through telephone) and written (prescriptions). These systems will let the users to electronically specify medication orders as well as laboratory, referral, admission, radiology, and procedure orders.
Web-based is Anticipated to be the Dominant Segment in Delivery Mode during the Forecast Period
Web-based CPOE is the largest mode of delivery, whereas the hospital will continue to form the largest segment among end-users of computerized physician order entry systems. Web-based delivery mode segment has witnessed high demand in the market due to the increasing penetration of internet services and augmented digital literacy contributed to emergent demand for these services. In addition, cloud-based segment is also expected to grow at the fastest rate due to remote data access and data security.
North America Region Holds the Largest Market Share of Computerized Physician Order Entry (CPOE) Systems Market
North America is found to be one of the biggest markets for global CPOE Systems market owing to the growing investments from key players in the development of these software and government initiatives in the region such as HITECH Act (Health Information Technology for Economic and Clinical Health). There is also an increasing adoption rate of new healthcare software's and its usage that is propelling market growth.
The increasing occurrence of chronic and lifestyle associated diseases, elevated adoption of advanced technology and a mounting need for integrated healthcare are also found surging the growth of the North American computerized physician order entry market.
The key players in the computerized physician order entry market are found catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Allscripts Healthcare Solutions, Inc., EPIC Systems, Mckesson Corporation, Athenahealth, Inc., Carestream Health are found to be the key players offering computerized physician order entry solutions.