Computerized Physician Order Entry Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:
The global market for Computerized Physician Order Entry (CPOE) systems is projected to achieve a significant growth, reaching up to US$ 2.9 billion by the end of 2031. This marks an impressive increase from US$ 1.8 billion in 2024, expanding at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period of 2024-2031.
Key Market Dynamics Driving Growth
The surge in the market is primarily driven by the escalating demand for integrated healthcare systems. This is further bolstered by the alarming rate of medication errors, underscoring the necessity for automated patient data collection and management systems. Government initiatives across the globe advocating for the adoption of CPOE systems, in conjunction with advanced healthcare infrastructures, are anticipated to propel market growth throughout the forecast period.
Additionally, the growing need for efficient and accurate exchange of extensive patient data among clinics, hospitals, and laboratories is fostering the demand for CPOE systems. The integration of these systems with Clinical Decision Support Systems (CDSS) and Electronic Health Records (EHRs) facilitates coordinated patient care delivery, acting as a pivotal advantage driving the demand.
Moreover, integrated CPOE systems are renowned for their capability to ensure continuous patient care throughout an illness, thereby augmenting demand from the healthcare sector. Benefits such as drug dosage support and clinical decision support are among the key advantages fueling the market's growth.
Awareness about the benefits of CPOE systems is on the rise, contributing to market expansion. The increasing global population and the prevalence of chronic diseases necessitate the demand for efficient healthcare delivery systems. Investments from leading healthcare IT companies are expected to further accelerate the adoption of CPOE systems.
Trends and Challenges
A notable trend in the market is the patient-centric approach, alongside the rising popularity of wireless and cloud technology, which is influencing market growth significantly. However, the healthcare delivery field faces challenges such as a shortage of experienced professionals, which could impede market growth. Additionally, the costly and time-consuming installation process, interoperability issues, lack of physician awareness, and reluctance to adopt new systems, particularly in developing regions, are potential obstacles to market expansion.
Segment Analysis
The global CPOE market is segmented based on delivery mode, components, and end-users. The delivery modes include web-based, on-premise, and cloud-based CPOE, with web-based CPOE representing the largest segment. In terms of components, the market is categorized into software, hardware, and services, with the component segment expected to generate significant revenues during the forecast period. End-users of CPOE systems comprise hospitals, pharmacies, and laboratories, with hospitals being the largest end-user segment. Notably, cloud-based CPOE is emerging as the fastest-growing mode of delivery, and laboratory CPOE as the fastest-growing end-user segment.
Key Market Players
Several prominent companies operate within the global computerized physician order entry systems market, such as McKesson Corporation, Allscripts, GE Healthcare, Cerner Corporation, Siemens Healthcare, Epic Systems Corporation, Athenahealth, Inc., Carestream Health, Inc, NextGen Healthcare Information Systems, LLC, and Meditech.
Segmentation Analysis
By Delivery Mode
Web-Based CPOE
On-Premise CPOE
Cloud-Based CPOE
By Components
Software
Hardware
Services
By End-User
Hospital
Pharmacy
Laboratory
By Region
North America
Europe
Asia
Table of Contents
1. Executive Summary
1.1. Global Computerized Physician Order Entry (CPOE) Systems Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Computerized Physician Order Entry (CPOE) Systems Market Outlook, 2018 - 2031
3.1. Global Computerized Physician Order Entry (CPOE) Systems Market Outlook, by Delivery Mode, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Web-Based
3.1.1.2. On-Premise
3.1.1.3. Cloud-Based
3.2. Global Computerized Physician Order Entry (CPOE) Systems Market Outlook, by Components, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Software
3.2.1.2. Hardware
3.2.1.3. Services
3.3. Global Computerized Physician Order Entry (CPOE) Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Hospital CPOE
3.3.1.2. Pharmacy CPOE
3.3.1.3. Laboratory CPOE
3.4. Global Computerized Physician Order Entry (CPOE) Systems Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Computerized Physician Order Entry (CPOE) Systems Market Outlook, 2018 - 2031
4.1. North America Computerized Physician Order Entry (CPOE) Systems Market Outlook, by Delivery Mode, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Web-Based
4.1.1.2. On-Premise
4.1.1.3. Cloud-Based
4.2. North America Computerized Physician Order Entry (CPOE) Systems Market Outlook, by Components, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Software
4.2.1.2. Hardware
4.2.1.3. Services
4.3. North America Computerized Physician Order Entry (CPOE) Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031