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.
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.
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Research :
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.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it
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
View press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-computerized-physician-order-entry-cpoe-market
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
