Computerized Physician Order Entry Market Hits $97.15 Billion By 2024: BY Grand View Research, Inc.
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.
Browse full research report on Computerized
Physician Order Entry Market: http://www.grandviewresearch.com/industry-analysis/computerized-physician-order-entry-cpoe-market
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.
Browse 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
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
- Saudi
Arabia
Access 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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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