The Global Computerized Physician Order Entry (CPOE) Systems Market is Projected to Reach US$1.8 Billion by 2022

Growing Need to Reduce Medication Errors and Improve Patient Safety to Spur CPOE System Deployments, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Computerized Physician Order Entry (CPOE) Systems market. The Global Computerized Physician Order Entry (CPOE) Systems market is projected to reach US$1.8 billion by 2022, driven by the growing need to reduce medication errors attributed to manual order entries; rising investments in healthcare IT; integration of CPOE systems into other healthcare information systems, and increasing use of EHRs in medical facilities.

Computerized Physician Order Entry (CPOE) is a healthcare information system used for capturing, storing, managing and transmitting electronically the instructions related to patient treatment, given by a medical practitioner. CPOE system is being used as a substitute for traditional methods of medication order entry, such as verbal orders, paper-based prescriptions and fax-based orders. Unlike traditional paper-based ordering system that is prone to errors and delays, the CPOE system offers several advantages including reduced delays in completing orders and lesser errors caused by illegible handwriting or poor transcription of medication orders. The growing need to address concerns over rising instances of deaths or severe injuries due to medication errors and the need to improve patient safety in medical facilities is driving healthcare institutions to adopt CPOE systems. The use of CPOE systems is also gaining prominence for streamlining workflow and enabling maintenance of online record of physical orders over the network. Safety alerts can also be triggered in the event of an unsafe order being entered into the system. CPOE systems are especially ideal for undertaking entry of physician orders at off-site locations and at the point of care.

CPOE system implementations are also being driven by growing pressures facing healthcare providers to comply with regulatory requirements put in place by governments across the world. Government initiatives aimed at promoting IT infrastructure and technologies with the aim to reduce escalating cost of healthcare services, are also fuelling adoption of CPOE systems. Also promoting CPOE system deployments is the trend towards integration of advanced IT technologies into healthcare systems and economic benefits accrued from CPOE system’s ability to streamline various processes. There is tremendous opportunity in store through the integration of CPOE systems with EHR (Electronic Health Record) systems and Clinical Decision Support Systems (CDSS), since such integrated systems promote coordinated delivery of patient care. With deployments of EHR systems on the rise across the world, adoption of CPOE system integrated into such technologies is expected to increase further in the years ahead. Also growing focus on patient-centric approach and increasing prominence of cloud and wireless technologies also bear a positive influence on the CPOE systems market. Cloud-based CPOE deployments, in particular, offer advantages in the form of remote access to data, real-time tracking of data, and enhance data security.

As stated by the new market research report on Computerized Physician Order Entry (CPOE) Systems, the United States represents the largest regional market worldwide, supported by higher healthcare spending per capita, favorable policies to promote adoption healthcare IT, better preparedness of healthcare IT to integrate new systems, and adequate availability of trained and skilled professionals. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.8% over the analysis period led by factors such as rapidly improving healthcare infrastructure; increasing willingness of healthcare systems to adopt technologically advanced systems; rising healthcare needs of a large population base; government-led healthcare reforms in several Asian countries, and the rising wave of medical tourism and the need to achieve international excellence in quality of services offered.

Major players covered in the report include Allscripts Healthcare Solutions Inc., athenahealth Inc., Cerner Corporation, CliniComp International Inc., eClinicalWorks LLC, EDIMS, LLC, Halfpenny Technologies Inc., International Business Machines Corporation, McKesson Corporation, Medical Information Technology Inc., Medsphere Systems Corporation , Netsmart Technologies Inc. , PatientKeeper Inc., QuadraMed Corporation, The Shams Group Inc., and Visual MED Clinical Solutions Corporation, among others.

The research report titled “Computerized Physician Order Entry (CPOE) Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific (France, Germany, Italy, UK and Rest of Europe) and Rest of World. Global market for CPOE Systems is analyzed by Type (Standalone CPOE and Integrated CPOE), Component (Hardware, Software and Services), and End-User (Hospitals and Others).

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