Market Size of Global Computerized Physician Order Entry (CPOE) Systems Industry
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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 |
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Global Computerized Physician Order Entry (CPOE) Systems Market Size Summary
The Computerized Physician Order Entry (CPOE) Systems Market is experiencing a positive trajectory, driven by the increasing adoption of healthcare IT and the shift towards patient-centered services. The COVID-19 pandemic significantly accelerated the market's growth as it prompted a surge in online consultations and the use of CPOE systems to minimize unnecessary hospital visits. This trend is further supported by government initiatives and the rising healthcare expenditure, which are fostering the integration of electronic health records and other health information technologies in clinical settings. The market is also benefiting from the growing popularity of web-based applications, which offer accessibility and ease of use without the need for extensive hardware or installation, thereby reducing costs and facilitating scalability.
North America stands out as a major market for CPOE systems, bolstered by substantial investments from key industry players and supportive government policies like the HITECH Act. The region's market growth is further propelled by the increasing prevalence of chronic diseases and the need for integrated healthcare solutions. The demand for CPOE systems is expected to rise as these tools address the healthcare needs of an aging population and support the management of lifestyle-related conditions. Key players in the market, such as Allscripts Healthcare Solutions, Inc., Cerner Corporation, and Epic Systems, are actively investing in advanced technologies to meet the growing demand for CPOE solutions globally.
Global Computerized Physician Order Entry (CPOE) Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Government Initiatives
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1.2.2 Increasing Healthcare IT Adoption
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1.2.3 Increasing Quality of Healthcare and Patient Centered Services
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1.3 Market Restraints
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1.3.1 High Cost of Installation
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1.3.2 Lack of Skilled Professional
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size - Value in USD million)
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2.1 By Delivery Mode
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2.1.1 Web-based and Cloud-based
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2.1.2 On-Premise
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2.2 By Component
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2.2.1 Software
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2.2.2 Hardware
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2.2.3 Services
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2.3 By Type
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2.3.1 Integrated CPOE
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2.3.2 Standalone CPOE
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2.4 By End User
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2.4.1 Hospitals/Clinics
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2.4.2 Other Healthcare Facilities
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle-East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle-East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Global Computerized Physician Order Entry (CPOE) Systems Market Size 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.