CPOE Market Size (2020 to 2025)
As per our report, the size of the global computerised physician order entry market was worth USD 1.3 billion in 2020. This figure is estimated to be growing at a CAGR of 6.67% and will USD 1.8 billion by 2025.
The computerized order entry system sends patient’s medication orders and various treatment information or instructions by using electronic computer software instead of paperwork. It is an entirely standard procedure and structure of orders. It is used to update adverse drug reactions that will provide safety and efficacy. The CPOE systems have offered various services such as ordering, patient history investigation, patients’ safety, intuitive users, access, and security.
MARKET DRIVERS:
The various governments worldwide take the initiatives, newly innovated quality of healthcare sector, patient services, and rapidly growing information technology infrastructure in healthcare systems are fuelling the growth of computerized physician order entry system market. Regularly, IT companies are investing more in developing the healthcare infrastructure, which is expected to support CPOE market growth. Rising incidences of chronic diseases and the growing prevalence of quality treatment services are escalating the growth of the computerised physician order entry market.
MARKET RESTRAINTS:
The shortage of skilled technicians is slightly hampering the growth rate of the market. People in rural areas are less aware of these systems, which hinders the demand of the computerized physician order entry system market.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Component, Type, Deployment, End User, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the global computerised physician order entry market segmented and sub-segmented based on the component, type, deployment, end-user, and region.
Computerised Physician Order Entry Market – By Component:
Based on the component, the services segment held most of the market share in 2019 and expected to showcase the same dominance throughout the forecast period. The growing externalization of many IT operations is surging the growth rate of the market.
The hardware components segment has shown a healthy rate in the recent past and is expected to showcase exponential growth during the forecast period. Growing expenditure on the development of new technologies with advanced versions is propelling the market growth.
Computerised Physician Order Entry Market – By Type:
Based on the type, integrated systems were accounted for the highest market share in 2019. These integrated systems are attached to all departments of the hospitals, and the growth is due to added advantages like less paperwork, decrease in lag time, whereas effective management of time and resources.
Computerised Physician Order Entry Market – By Deployment:
Based on the deployment type, the Web-based holds a majority of the market share. The growth is credited due to the intensifying perforation of internet services and growing multimedia education worldwide.
The cloud-based segment follows web-based in leading the highest shares of the market, which is foreseen to display a lucrative growth rate during the forecast period. Remote access to data and concurrent data dogging are some of the benefits associated with the cloud-based.
Computerised Physician Order Entry Market – By End User:
Based on end-user, the hospital segment accounted for a significant share of 30.0% in 2019 and is also outlined to observe fixed remunerative growth over the forecast period. The increase is caused due to a massive number of patients, and high financing effectiveness comprises these factors, making the segment lead the market growth.
The emergency healthcare service providers segment occupies second place in the end-user segment. The rise in the number of patients with various health disorders and increasing emergency cases like accidents & cardiovascular problems greatly influences the demand of the market.
Computerised Physician Order Entry Market – By Region:
Regionally, the North American market is forecasted to dominate the global CPOE market during the forecast period. The growth of the North American market is majorly driven by the various initiatives taken by the governments to develop the Healthcare IT sector and the information technology that helps reduce the costs associated with healthcare. In North America, the United States CPOE market is expected to occupy most of the share during the forecast period.
The European market is estimated to grow at a CAGR value of 6.74% over the forecast period. The rise in the economy in developed and developing countries is enhancing the demand of the market. The UK CPOE is expected to account for the most significant share in the European market.
Globally, the Asia-Pacific market is forecasted to be the fastest-growing regional market. Factors such as growing insistence to lower the costs and medication errors and managing the patient's information data record are majorly driving the market in this region.
The Latin American market is expected to showcase a CAGR of 6.71% between 2020 to 2025. Increasing requirements for lessening patient data and retaining the cost are primarily attributing market growth in this region.
The Middle East & Africa market is estimated to display sluggish growth during the forecast period. Creating awareness and raising the utilization of electronic health records in hospitals, especially in developed countriesfuel the market's growth rateet to some extent.
KEY MARKET PARTICIPANTS:
Some of the prominent companies leading the Global Computerised Physician Order Entry Market profiled in this 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.).
RECENT MARKET DEVELOPMENTS:
1. Introduction
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
2.1 Introduction
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. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
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 Component
5.1.1 Introduction
5.1.2 Hardware
5.1.3 Software
5.1.4 Services
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 Type
5.2.1 Introduction
5.2.2 Integrated
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 Deployment
5.3.1 Introduction
5.3.2 Web based
5.3.3 On-premise
5.3.4 Cloud-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
5.4.1 Introduction
5.4.2 Hospitals
5.4.3 Office based physicians
5.4.4 Emergency healthcare service providers
5.4.5 Nurses
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 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By component
6.1.3.3 By Type
6.1.3.4 By deployment
6.1.3.5 By end user
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By component
6.1.4.3 By Type
6.1.4.4 By deployment
6.1.4.5 By end user
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By component
6.1.5.3 By Type
6.1.5.4 By deployment
6.1.5.5 By end user
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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 Allscripts
8.1.1 Overview
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
Appendix
a) List of Tables
b) List of Figures
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