According to a new market report published by Persistence Market
Research “Global Market Study on Computerized Physician Order Entry
Systems - Software to Witness Highest Growth by 2020” the global
computerized physician order entry systems market is valued at USD
999.4 million in 2014 and is expected to grow at a CAGR of 6.8% from
2014 to 2020, to reach an estimated value of USD 1,481.7 million in
2020.
A computerized physician order entry (CPOE) system is a healthcare
information system which captures, stores, manages and transmits
medical practitioner’s instructions electronically, for the
treatment of patients. Globally, computerized physician order entry
systems market is witnessing significant growth due to need for
integrated healthcare systems in healthcare industry. Incidence of
medication errors are increasing in different regions in the world.
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It has resulted in an increase in uses of CPOE systems alerts such as
drug dosage support and clinical decision support. Increasing demand
for better healthcare facilities from rapidly growing aging
population and rising prevalence of diseases such as cancer, diabetes
and heart diseases. Government initiatives and rise in investments
from healthcare IT players has increased the adoption of computerized
physician order entry systems. However, lack of experienced
professionals, interoperability issues, cost and time consuming
installation process and lack of commitment and interest from
physicians are inhibiting the growth of computerized physician order
entry systems market. The global computerized physician order entry
systems market is estimated at USD 999.4 million in 2014. It is
likely to grow at a CAGR of 6.8% from 2014 to 2020 to reach USD
1,481.7 million in 2020.
North America has the largest market for computerized physician order
entry systems. This is due to government pressure for implementation
of CPOE in healthcare facilities for reducing drug errors and high
incidence of chronic diseases in this region. In Europe, healthcare
spending in IT is increasing which expected to witness moderate
growth in the region. In December 2012, the European Commission
passed “2012-2020 eHealth Action Plan” which focused on the use
of modern devices and technologies to promote personalized medicines
in Europe.
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However, Asia has become one of the fastest-growing markets for
computerized physician order entry systems market. Increase in aging
population and increase in incident rates of various chronic diseases
such as diabetes, heart disease, stroke, obesity, cancer and
arthritis in various countries including Japan, China and India are
expected to provide abundant opportunities to computerized physician
order entry systems market.
McKesson Corporation is one of the leading players in the
computerized physician order entry systems market. Some of the other
major players of computerized physician order entry systems market
include Allscripts, GE Healthcare, Cerner Corporation, Siemens
Healthcare, Epic Systems Corporation, Athenahealth, Inc., Carestream
Health, Inc, NextGen Healthcare Information Systems, LLC and
MEDITECH.
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