The global computerized
physician/provider order entry (CPOE) market is expected to reach USD 1.9
billion by 2024, according to a new report by Grand View Research, Inc.
Government and other independent healthcare organizations are striving to
streamline care delivery process with the prime objectives of bringing
automation, reducing errors, and bringing an overall reduction in clinical
decision time especially in the developed economies. CPOE provides a viable
platform to support aforementioned objectives. Hence, promotion by government
agencies as well as healthcare organizations is spurring the growth of the CPOE
market. In addition, increasing incidence of medication errors, caused by poor
legibility, communication, and patient misuse, favor the implementation of
CPOE.
 |
| North America CPOE market share, by component, 2013 - 2024 (USD Million) |
Furthermore, consistent influx of technologically advanced systems such
as integrated CPOE with added benefits such as inventory management and easy
documentation, act as a vital driver of CPOE market growth.
In depth research report on Computerized Physician Order
Entry (CPOE) Market
Further Key Findings from the Study Suggest:
·
The computerized physician
order entry (CPOE) services sub-segment dominated the component segment in
2015. Enhanced outsourcing of several services coupled with increasing
involvement of the professional skills contributed to their growth as compared
to CPOE hardware and software sub-segments. Moreover, outsourcing renders
increased process efficiency along with development of core competencies and
reduced costs.
·
Integrated CPOE systems held a
substantial share of more than 70.0% in 2015. Also, this segment is projected
to witness lucrative growth over the forecast period, which can be attributed
to their competent connectivity across various functionalities such as nursing,
pharmacy, and procurement.
·
Web-based deployment delivery
mode segment witnessed highest demand in 2015, increasing penetration of
internet services and augmented digital literacy contributed to emergent demand
for these services.
·
On the other hand, cloud-based
delivery systems are anticipated to gain substantial market share over the
forecast period. These systems are
facilitated with features such as remote data access and data security which
render a competitive edge over other systems.
·
Hospitals led the end-use
segment and are also expected to witness lucrative growth in the next 8 years.
Greater volume of patients as compared to other end users is the prime factor
responsible for high preference of hospitals thereby driving the market
growth.
·
North America, especially the
U.S., with its advanced healthcare systems and early adoption of several
advanced technologies held a commanding share of more than 50.0% in the global
CPOE market. Availability of supportive infrastructure and presence of leading
market players in this region positively influenced this region’s growth.
·
Asia Pacific is projected to
grow with a sturdy rate over the forecast period. Large target population base
coupled with increasing preference for advanced technological platforms and
high unmet needs present market players with the opportunity to invest in this
region.
·
Some of the key players in this
market include IBM, Oracle Corporation, SAS, Cerner Corporation, Allscripts,
OptumHealth, and Verisk. The notable initiatives in the industry include new
product launches, collaboration with government bodies, and investments in
R&D.
Grand View Research has
segmented the global CPOE market on the basis of types, component, delivery
mode, end use, and region:
Global CPOE Market by Type (USD Million), 2013 - 2024
·
Integrated
·
Standalone
Global CPOE Market by Component (USD Million), 2013 - 2024
·
Software
·
Hardware
·
Services
Global CPOE Market by Delivery Mode (USD Million), 2013 -
2024
·
On-Premises
·
Web Based
·
Cloud Based
Global CPOE Market by End Use (USD Million), 2013 - 2024
·
Hospital
·
Ambulatory Centers
·
Physician’s Office
·
Emergency Healthcare Centers
CPOE Market by Region (USD Million), 2013 - 2024
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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