As per the research report, the size of the Asia Pacific Computerised Physician Order Entry Market is valued at USD 0.26 billion in 2022 and estimated to be growing at a CAGR of 6.97%, to reach USD 0.36 billion by 2027, during the forecast period 2022 to 2027.
CPOE helps reduce errors in spelling or transcribing medication orders and prevents misinterpretation of prescriptions and diagnoses. Major growth drivers include the growing demand for paperless environments to minimize human error, increasing government pressure to automate healthcare facilities, decrease order fulfillment delays, and the need to reduce processing costs.
For example, at the World Health Assembly, the World Health Organization (WHO) has urged members to take several strategic steps to promote information technology, including the CPOE. Using the CPOE system can improve patient care and improve workflow efficacy. For example, a study published in Applied Clinical Informatics explains that increased adoption of the CPOE resulted in a 64% reduction in the length of hospital stay. In addition, better storage and management of patient information records and the growing need to minimize record retention costs are expected to drive the growth of the APAC CPOE market soon.
Due to the high demand for CPOE and the need for digitalization in the healthcare sector, especially in the APAC developed countries, several companies are offering new software and systems to monitor and control health information. In addition, factors such as supportive government policies, collaborations between healthcare and IT systems, a large population with critical patient care, and an increasing incidence of chronic diseases drive the Asian CPOE market. Likewise, emerging economies like India are creating growth opportunities in this studied market.
On the other hand, several important factors such as the lack of a professionally trained workforce, data breach issues, and the significant capital investment involved in installing the system could hamper the demand for computerized medical order entry systems in many APAC emerging economies. Moreover, due to the presence of IT, there are growing concerns for patient safety which may restrain the market development in the years to come.
This research report on the APAC Computerised Physician Order Entry Market has been segmented and sub-segmented into the following categories:
By End User:
Geographically, China Computerised Physician Order Entry Market held the most significant 45% share of the total APAC CPOE market, followed by Australia. The Chinese market dominated the Asia-Pacific market by country in 2019, with a CAGR of 19.55% during the forecast period.
The growing number of facilities in China is due to the massive adoption of advanced technologies, large patient base with an increased emphasis on better facilitates and demand for hospital automation. In addition, several key market players in the Chinese computerized physician order entry industry are now focusing more on establishing effective joint ventures, acquisitions, and collaborations to expand their respective consumer bases.
The Japanese Computerised Physician Order Entry Market shows a CAGR of 23.56% during 2022 - 2027. Additionally, the Indian Computerised Physician Order Entry Market is expected to experience a CAGR of 24% during the same time. Therefore, these aforementioned regional markets are anticipated to charge the revenue trajectory of the APAC computerized physician order entry market over the forecast timeline. In doing so, they can strengthen their bases by expanding their adoption in medical facilities. In addition, there is growing consumer demand, as people are now more interested in eliminating non-essential expenses from their respective budgets. Therefore, it is expected to improve the general economic situation of most Asian countries.
The government is trying to take long-term action plans with an increased effort to reach all communities with vulnerable groups as one of the key strategic actions to expand this industry along with the emerging favorable outlook for developing countries in the Asia-Pacific region such as India, China, Taiwan, Indonesia, etc., is projected to grow with the help of increasing IT business prospects from leading market players.
KEY MARKET PLAYERS
The Top companies leading in the APAC Computerised Physician Order Entry Market profiled in the report are Medical Information Technology, Inc. (U.S.), Cerner Corporation (U.S.), eClinicalWorks LLC (U.S.), Epic Systems (U.S.), GE Healthcare (U.K.), Allscripts (U.S.), Athenahealth, Inc. (U.S.), Siemens Healthcare (Germany), Philips Healthcare (Netherlands), Mckesson Corporation (U.S.), and Carestream Health (U.S.).,
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Y-o-Y Growth Analysis, By component
5.1.6 Market Attractiveness Analysis, By component
5.1.7 Market Share Analysis, By component
5.2.3 Stand alone
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3.2 Web based
5.3.5 Y-o-Y Growth Analysis, By deployment
5.3.6 Market Attractiveness Analysis, By deployment
5.3.7 Market Share Analysis, By deployment
5.4 End user
5.4.3 Office based physicians
5.4.4 Emergency healthcare service providers
5.4.6 Y-o-Y Growth Analysis, By end user
5.4.7 Market Attractiveness Analysis, By end user
5.4.8 Market Share Analysis, By end user
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By component
188.8.131.52 By Type
184.108.40.206 By deployment
220.127.116.11 By end user
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By component
126.96.36.199 By Type
188.8.131.52 By deployment
184.108.40.206 By end user
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By component
22.214.171.124 By Type
126.96.36.199 By deployment
188.8.131.52 By end user
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Athenahealth, Inc.
8.3 Siemens Healthcare
8.4 Medical Information Technology, Inc.
8.5 Cerner Corporation
8.6 eClinicalWorks LLC
8.7 Epic systems
8.8 GE healthcare
8.9 Mckesson Corporation
8.10 Carestream Health
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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