About Computerized Physician Order Entry (CPOE)
The global Computerized Physician Order Entry (CPOE) market is expected to witness high demand in the forecasted period due to growing IT expenditure across the world. Computerized Physician Order Entry (CPOE) is a system in which physicians directly place orders electronically, with the orders transmitted directly to the recipient. and Additionally, this system may reduce issues such as misinterpretation of the drug name, specification errors, problems with handwriting, and drug interactions. CPOE aids in the replacement of many traditional methods of enlisting medication orders, such as verbal (in person or through telephone) and written (prescriptions).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Computerized Physician Order Entry (CPOE) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allscripts Healthcare Solutions, Inc. (United States), Athenahealth, Inc. (United States), GE Healthcare (United States), CliniComp (United States), Cerner Corporation (United States), Eclinicalworks, Llc (United States), Siemens Healthcare (Germany), Mckesson Corporation (United States), Medical Information Technology, Inc.(United States) and Philips Healthcare (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are eClinicalWorks LLC (United States) and EPIC Systems, Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Computerized Physician Order Entry (CPOE) market by Type (Integrated CPOE and Standalone CPOE) and Region.
On the basis of geography, the market of Computerized Physician Order Entry (CPOE) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Computerized Physician Order Entry (CPOE) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
The Rising Government Support to Promote CPOE and Increased Quality of Healthcare and Patient-Centered Service
Market Growth Drivers:
Growing Need for Integrated Healthcare and Increasing Requirement of Efficient and Accurate Collection and Exchange of Efficient Amount Of Patient Data
Challenges:
Growing Concern Related to Interoperability Issues
Restraints:
Lack of Professional Expertise and More Expensive and Time-Consuming Process of Installations
Opportunities:
Upsurging Popularity of Cloud as well as Wireless Technology and Fuelling Healthcare IT Adoption
Market Leaders and their expansionary development strategies
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.
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.
The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 authorized approximately USD 30 billion to support the adoption and to increase the use of HIT throughout the US health care delivery system.
Key Target Audience
Computerized Physician Order Entry (CPOE) Service Providers, Software Developers, Technology Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.