As per the research report, the size of the North America Computerised Physician Order Entry Market is valued at USD 0.48 billion in 2024 and estimated to be growing at a CAGR of 6.69%, reaching USD 0.66 billion by 2029, during the forecast period 2024 to 2029.
The growing adoption of computerized physician order entry software in hospitals drives the growth of the North American computerized physician order entry market. COPE allows physicians to electronically enter orders and instructions, eliminating the need for paper charts and reducing errors caused by poor handwriting or miscommunication. The integration of computerized physician order entry systems in hospitals and clinics enhances efficiency and accuracy which contributes to market growth in the North American region.
The rising incidence of chronic diseases and the growing patient population contribute to the growth of the COPE market in the North American region. The demand for healthcare services and the need to streamline processes in hospitals and clinics has increased significantly due to the growing patient population suffering from various diseases. The adoption of computerized physician order entry systems allows healthcare providers to efficiently manage patient prescriptions, reduce manual errors and improve medication safety. Integration with e-prescribing programs further enhances the system by providing alerts for allergies and medication history, facilitating informed decision-making.
The growing adoption of electronic health records and digital healthcare solutions in North America, rising emphasis on patient safety and reducing medication errors through computerized physician order entry systems and growing prevalence of chronic diseases and the need for efficient management of patient prescriptions promote the North American COPE market growth. The growing number of initiatives and regulations from the governments of North America promoting the use of technology in healthcare for improved patient care and outcomes, advancements in information technology and the integration of CPOE systems with other healthcare software and devices further fuel the growth rate of the COPE market in North America.
The high integration costs of computerized physician order entry systems in hospitals and the lack of skilled professionals and awareness primarily hamper the COPE market in the North American region. The lengthy development process for novel software and the increasing cost of software upgrades further hinders the regional market growth.
This research report on the North America Computerised Physician Order Entry Market has been segmented and sub-segmented into the following categories.
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North America held the largest share of the global computerized physician order entry (CPOE) market in 2023 and the domination of the North American region is likely to continue throughout the forecast period due to advancements in the healthcare sector and increased investments by major market participants. The growing geriatric population in the North American region and the rising incidence of chronic diseases among the elderly further boosts the regional market growth. The use of CPOE systems enables healthcare providers to access comprehensive medical histories for accurate patient care. Increased awareness of medical applications by healthcare organizations further drives market demand. In the United States, the market is bolstered by the presence of numerous startups and ongoing mergers and acquisitions, along with advancements in healthcare IT and improved infrastructure. Health Canada maintains strict regulations to ensure the safe and effective use of CPOE systems.
KEY MARKET PLAYERS
Companies playing a dominant role in the North America Computerised Physician Order Entry Market profiled in this report are Siemens Healthcare (Germany), Philips Healthcare (Netherlands), Mckesson Corporation (US), and Carestream Health (US), Epic Systems (US), Medical Information Technology, Inc. (US), Cerner Corporation (US), eClinicalWorks LLC (US), GE Healthcare (UK), Allscripts (US), Athenahealth, Inc. (US).,
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