Market Trends of Global Computerized Physician Order Entry (CPOE) Systems Industry
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.
