Computerized Physician Order Entry Systems Market

Computerized Physician Order Entry Systems Expected to Hit $1,481.7 million in 2020
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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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.