Computerized Physician Order Entry (CPOE) Systems Market is likely to grow at a CAGR of 6.8% from 2021 to 2030 to reach USD 1,481.7 million in 2030

Computerized Physician Order Entry (CPOE) Systems Market 2022

New Research Report “Computerized Physician Order Entry (CPOE) Systems Market, Industrial Analysis, Market Dynamics, Growth Analysis, Regional Analysis, Size, Share, and Forecast 2022- 2030”.

Market Overview

The study of market analysis of Computerized Physician Order Entry (CPOE) Systems Market focuses on the key elements and the market dynamics of a specific market within that industry. Computerized Physician Order Entry (CPOE) Systems Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.

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 2030” the global computerized physician order entry systems market is valued at USD 999.4 million in 2021 and is expected to grow at a CAGR of 6.8% from 2021 to 2030, to reach an estimated value of USD 1,481.7 million in 2030.

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.

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Some of the major companies operating in the computerized physician order entry systems market:

• McKesson Corporation.
• 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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Incidence of medication errors are increasing in different regions in the world. 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 2021. It is likely to grow at a CAGR of 6.8% from 2021 to 2030 to reach USD 1,481.7 million in 2030.

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. 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.

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