The global Computerized Physician/Provider Order Entry (CPOE) Market is
expected to reach USD 1.9 billion by 2024, according to a new report by Grand
View Research, Inc. Government and other independent healthcare organizations
are striving to streamline care delivery process with the prime objectives of
bringing automation, reducing errors, and bringing an overall reduction in
clinical decision time especially in the developed economies. CPOE provides a
viable platform to support aforementioned objectives.
Hence, promotion by government agencies as
well as healthcare organizations is spurring the growth of the CPOE market. In
addition, increasing incidence of medication errors, caused by poor legibility,
communication, and patient misuse, favor the implementation of CPOE.
Furthermore, consistent influx of technologically advanced systems such as
integrated CPOE with added benefits such as inventory management and easy
documentation, act as a vital driver of CPOE market growth.
Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/computerized-physician-order-entry-cpoe-market
Further Key Findings from the Study Suggest:
- The computerized physician order entry (CPOE)
services sub-segment dominated the component segment in 2015. Enhanced
outsourcing of several services coupled with increasing involvement of the
professional skills contributed to their growth as compared to CPOE
hardware and software sub-segments. Moreover, outsourcing renders
increased process efficiency along with development of core competencies
and reduced costs.
- Integrated CPOE systems held a substantial
share of more than 70.0% in 2015. Also, this segment is projected to
witness lucrative growth over the forecast period, which can be attributed
to their competent connectivity across various functionalities such as
nursing, pharmacy, and procurement.
- Web-based deployment delivery mode segment
witnessed highest demand in 2015, increasing penetration of internet
services and augmented digital literacy contributed to emergent demand for
these services.
- On the other hand, cloud-based delivery systems
are anticipated to gain substantial market share over the forecast period.
These systems are facilitated with features such as remote data
access and data security which render a competitive edge over other systems.
- Hospitals led the end-use segment and are also
expected to witness lucrative growth in the next 8 years. Greater volume
of patients as compared to other end users is the prime factor responsible
for high preference of hospitals thereby driving the market growth.
- North America, especially the U.S., with its
advanced healthcare systems and early adoption of several advanced
technologies held a commanding share of more than 50.0% in the global CPOE
market. Availability of supportive infrastructure and presence of leading
market players in this region positively influenced this region’s
growth.
- Asia Pacific is projected to grow with a sturdy
rate over the forecast period. Large target population base coupled with
increasing preference for advanced technological platforms and high unmet
needs present market players with the opportunity to invest in this
region.
- Some of the key players in this market include
IBM, Oracle Corporation, SAS, Cerner Corporation, Allscripts, OptumHealth,
and Verisk. The notable initiatives in the industry include new product
launches, collaboration with government bodies, and investments in
R&D.
Grand View Research has
segmented the global CPOE market on the basis of types, component, delivery
mode, end use, and region:
Global CPOE Market by Type (USD Million), 2013 - 2024
- Integrated
- Standalone
Global CPOE Market by Component (USD Million), 2013 -
2024
- Software
- Hardware
- Services
Global CPOE Market by Delivery Mode (USD Million), 2013 -
2024
- On-Premises
- Web Based
- Cloud Based
Global CPOE Market by End Use (USD Million), 2013 - 2024
- Hospital
- Ambulatory Centers
- Physician’s Office
- Emergency Healthcare Centers
CPOE Market by Region (USD Million), 2013 - 2024
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
About
Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: http://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: http://www.grandviewresearch.com
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