Computerized Physician Order Entry Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Computerized Physician Order Entry Systems Market Analysis
The computerized Physician Order Entry (CPOE) Systems Market is poised to grow at a CAGR of 6% over the forecast period.
COVID-19 had a positive impact on the market studied. Owing to the rapid outbreak of disease, lockdown measures were followed across the globe and several restrictions were implemented on non-emergency hospital visits. This led to the increasing dependence of the general population on online consultation and treatment which contributed to the high utilization of tools such as Computerized Physician Order Entry systems. As per the article published in BioMed Central (BMC) Journal in April 2022, most hospitals across the European countries have started using the CPOE and EHR software at their facilities to avoid unnecessary visits to patients during the pandemic. Therefore, it is observed that the COVID-19 pandemic fueled market growth across the globe, and with the rising technology adoption in the healthcare sector, the market will witness strong growth shortly as well.
The computerized physician order entry (CPOE) systems market is expected to observe good growth due to government initiatives, increasing healthcare IT adoption, and increasing the 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 clinics and hospitals. There are also many research studies of individual medical practitioners 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 as high adoption of IT in healthcare propels the demand for IT based tools used for ease of healthcare data access.
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.
Computerized Physician Order Entry Systems Market Trends
This section covers the major market trends shaping the Computerized Physician Order Entry Systems Market according to our research experts:
Web-based is Expected to be the Dominant Segment by Delivery Mode over the Forecast Period
Web-based healthcare applications are those which can be accessed via web browsers like Chrome, Safari, MS Edge, Firefox, and others. For web-based healthcare applications, the user need not download any application, they need to just login into their account on the specified website of the healthcare provider.
The major advantage of a web-based CPOE system is that it can be accessed from any corner of the world over the internet, on any operating system, and without any restriction in its functions which is expected to be a significant growth factor for the web-based segment. Also, as web-based applications do not need installation, there is no requirement for storage and any hardware requirement to the user, and their update is easily performed by the providers. Moreover, the web-based application is easy to build and scale up, saving costs for the provider which may lead to new developments and advancements in the area that will have a positive impact on the growth of the studied segment.
According to a research study published in June 2021, titled 'Patient-centered digital healthcare for patients undergoing breast surgery-A cross-sectional questionnaire study', the patients liked the breast services website but there was low awareness among patients, so as per the study, awareness about the web-based applications and websites need to be increased which may have a positive impact on the growth of the studied segment.
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 the 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 the HITECH Act (Health Information Technology for Economic and Clinical Health). There is also an increasing adoption rate of new healthcare software and its usage that is propelling the 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 to surge the growth of the North American computerized physician order entry market. For instance, nearly half of Americans, including those with hypertension and coronary heart disease, have some form of cardiovascular illness, according to data from the American Heart Association that was released in January 2019. Heart disease is also the main cause of death in the US, according to the Centers for Disease Control and Prevention (CDC) in September 2020. Around 805,000 Americans experience a heart attack each year. As the number of deaths due to heart diseases is increasing there is a continuous need for the proper monitoring of cardiac diseases and patient-centric healthcare tools such as CPOE fulfill the unmet needs hence it is expected to show growth over the forecast period.
Additionally, around, 6,835,866 persons were 65 years of age or older in 2020, according to a Statistics Canada report titled "Older Adults and Population Aging Statistics" that was published in July 2020. The burden of the senior population will fuel the demand forCPOE in the nation since chronic ailments like heart disorders are more likely to influence and are more prevalent among the older population.
Hence, owing to the above-mentioned factors, the market studied is expected to witness strong growth in the North America region.
Computerized Physician Order Entry Systems Industry Overview
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., Cerner Corporation, Epic Systems, Mckesson Corporation, Athenahealth, Inc., are found to be the key players offering computerized physician order entry solutions.
Computerized Physician Order Entry Systems Market Leaders
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Allscripts Healthcare Solutions, Inc.
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Athenahealth, Inc.
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CliniComp International
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Cerner Corporation
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Epic Systems Corporation
*Disclaimer: Major Players sorted in no particular order
Computerized Physician Order Entry Systems Market News
- In July 2022, AmerisourceBergen launched DTxConnect, a fully integrated ordering, dispensing, and fulfillment platform that aims to facilitate patient access to physician-ordered digital therapeutics and diagnostics DTx, a fast-expanding subset of digital health, uses software to offer clinical interventions to patients directly in order to treat, manage, or prevent a wide range of illnesses and disorders, such as diabetes and behavioral health issues.
- In December 2021, Baxter International Inc. completed the acquisition of Hillrom. Baxter intends to construct a linked system around the patient and their care team using its collective expertise in connectivity technologies and integration, digital health solutions, data visualization, and analytics, therapeutic development, and monitoring and sensing.
Computerized Physician Order Entry Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Government Initiatives
4.2.2 Increasing Healthcare IT Adoption
4.2.3 Increasing Quality of Healthcare and Patient Centered Services
4.3 Market Restraints
4.3.1 High Cost of Installation
4.3.2 Lack of Skilled Professional
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size - Value in USD million)
5.1 By Delivery Mode
5.1.1 Web-based and Cloud-based
5.1.2 On-Premise
5.2 By Component
5.2.1 Software
5.2.2 Hardware
5.2.3 Services
5.3 By Type
5.3.1 Integrated CPOE
5.3.2 Standalone CPOE
5.4 By End User
5.4.1 Hospitals/Clinics
5.4.2 Other Healthcare Facilities
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle-East and Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle-East and Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allscripts Healthcare Solutions, Inc.
6.1.2 Athenahealth, Inc.
6.1.3 CliniComp International
6.1.4 Cerner Corporation
6.1.5 Epic Systems Corporation
6.1.6 eClinicalWorks, LLC
6.1.7 Mckesson Corporation
6.1.8 Medical Information Technology, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Computerized Physician Order Entry Systems Industry Segmentation
As per the scope of the report, CPOE is defined as an application, which assists providers to enter medical orders into systems that are located within an ambulatory or 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). The Computerized Physician Order Entry (CPOE) Systems Market is segmented by Delivery Mode (Web-based and Cloud-based, On-Premise), Component (Software, Hardware, Services), Type (Integrated CPOE, Standalone CPOE), End-User (Hospitals/Clinics, Other Healthcare Facilities), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Delivery Mode | |
| Web-based and Cloud-based | |
| On-Premise |
| By Component | |
| Software | |
| Hardware | |
| Services |
| By Type | |
| Integrated CPOE | |
| Standalone CPOE |
| By End User | |
| Hospitals/Clinics | |
| Other Healthcare Facilities |
| Geography | ||||||||
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Computerized Physician Order Entry Systems Market Research FAQs
What is the current Global Computerized Physician Order Entry (CPOE) Systems Market size?
The Global Computerized Physician Order Entry (CPOE) Systems Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Global Computerized Physician Order Entry (CPOE) Systems Market?
Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., CliniComp International, Cerner Corporation and Epic Systems Corporation are the major companies operating in the Global Computerized Physician Order Entry (CPOE) Systems Market.
Which is the fastest growing region in Global Computerized Physician Order Entry (CPOE) Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Computerized Physician Order Entry (CPOE) Systems Market?
In 2024, the North America accounts for the largest market share in Global Computerized Physician Order Entry (CPOE) Systems Market.
What years does this Global Computerized Physician Order Entry (CPOE) Systems Market cover?
The report covers the Global Computerized Physician Order Entry (CPOE) Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Computerized Physician Order Entry (CPOE) Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Computerized Physician Order Entry (CPOE) Systems Industry Report
Statistics for the 2024 Global Computerized Physician Order Entry (CPOE) Systems market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Global Computerized Physician Order Entry (CPOE) Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
