Computerized Physician Order Entry Market Is Projected To Witness Growth Based On Growing Incidence Of Medication Errors At the Ordering Stage Till 2024: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 (CPOE) 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
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.
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