Computerized Physician Order Entry Systems Market to Grow with a CAGR of 6.22% through 2029
Rising incidence of medication errors are expected to
drive the Global Computerized Physician Order Entry Systems Market in the
forecast period 2025-2029
According to TechSci Research report, “Computerized
Physician Order Entry Systems Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global
Computerized Physician Order Entry Systems Market stood at USD 1.65 billion in
2023 and is anticipated to grow with a CAGR of 6.22% in the forecast period,
2025-2029.
The increasing prevalence of medication ordering and transcription errors is a significant driver for the growth of the CPOE market. According to FDA data, manual medication errors are alarmingly common, resulting in at least one fatality or severe injury daily and affecting approximately 1.3 million individuals annually in the United States alone. These errors occur at various stages of the medication distribution process, including prescription, repackaging, dispensing, administration, and monitoring, primarily due to poor handwriting, communication breakdowns, and patient mismanagement. Implementing a Computerized Physician Order Entry (CPOE) system effectively addresses these issues, thus preventing fatalities caused by medication errors. Moreover, increased governmental initiatives worldwide to develop and deploy advanced healthcare IT, including CPOE, are driving sector growth. For example, the World Health Organization (WHO) urged member states during the 58th World Health Assembly to adopt strategic measures promoting information technology, such as CPOE. This industry emphasizes long-term deployment plans and extending technologies to underserved communities. Consolidating medical systems is expected to streamline processes and offer economic benefits. A notable trend is the increasing adoption of lean management principles like Six Sigma, optimizing resource utilization across routine functions. Consequently, the rising adoption of centralization is expected to drive demand for these services.
Computerized Physician Order Entry (CPOE) Systems are
digital healthcare solutions that enable healthcare providers, primarily
physicians, to electronically enter and manage patient treatment orders such as
medication prescriptions, diagnostic tests, and therapies. These systems
replace traditional paper-based ordering methods, reducing the risk of errors,
enhancing patient safety, and improving the efficiency of healthcare processes.
CPOE systems often incorporate clinical decision support tools to provide
real-time guidance to healthcare professionals, contributing to informed and
evidence-based medical decisions.
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Computerized Physician Order Entry Systems Market”
The Global Computerized Physician Order Entry (CPOE)
Systems Market is driven by several key factors. First and foremost is the
pressing need to enhance patient safety and reduce medication errors, as CPOE
systems significantly mitigate the risks associated with manual order entry.
Regulatory mandates and incentives in many countries mandate CPOE system
adoption, incentivizing healthcare organizations to implement these systems for
compliance. Moreover, the efficiency gains and streamlined workflows offered by
CPOE systems lead to cost reduction and resource optimization. The integration
of CPOE with Electronic Health Records (EHR) systems enables seamless data
exchange, fostering care coordination and data accuracy. With the increasing
prevalence of chronic diseases and the growth of telehealth services, CPOE
systems are crucial for managing complex treatment plans and providing remote
care. Additionally, competition in the healthcare sector and the need to meet
the expectations of tech-savvy consumers drive CPOE adoption, ensuring it
remains a cornerstone of modern healthcare delivery.
The Global Computerized Physician Order Entry Systems
Market is segmented into delivery mode, component, type, end user, regional
distribution, and company.
Based on component, the market is segmented into Software, Hardware, Services. The Software segment is expected to rise in the
forecast period. The software segment encompasses the core CPOE applications and platforms that facilitate electronic order entry and management by healthcare professionals. This includes features such as order entry interfaces, clinical decision support systems, medication reconciliation tools, and integration capabilities with other healthcare IT systems like electronic health records (EHRs) and pharmacy systems.
Software providers continuously enhance CPOE systems with advanced functionalities such as artificial intelligence (AI), machine learning (ML), and predictive analytics to improve clinical decision-making, patient safety, and workflow efficiency. Software solutions offer flexibility for customization to meet the unique needs and workflows of different healthcare organizations. Integration capabilities with other healthcare IT systems enable seamless data exchange and interoperability, enhancing overall efficiency and usability.
CPOE software often includes built-in features and functionalities to support compliance with regulatory requirements and industry standards, such as those set forth by regulatory bodies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). This drives adoption among healthcare organizations seeking to ensure compliance and mitigate risks. Software-based solutions typically offer cost-effective deployment models, such as cloud-based software as a service (SaaS) offerings, which reduce upfront capital expenditures and ongoing maintenance costs compared to traditional on-premises installations. This makes software solutions more accessible to a wider range of healthcare providers, including smaller clinics and healthcare facilities with limited budgets.
Based on region, the market is segmented into North
America, Europe, Asia Pacific, Central & South America, Middle East &
Africa. The Asia Pacific is poised to witness fastest market growth during the forecast period. The Asia Pacific region is experiencing rapid economic growth, leading to increased healthcare expenditure and investments in healthcare infrastructure. Rising incomes, expanding middle-class populations, and government initiatives to improve healthcare access and quality are driving demand for advanced healthcare technologies, including CPOE systems. As countries in the region modernize their healthcare systems and invest in digital health initiatives, the adoption of CPOE systems is expected to accelerate. Asia Pacific countries are increasingly prioritizing patient safety and quality of care in healthcare delivery. With a growing awareness of the importance of reducing medical errors and improving clinical outcomes, healthcare providers in the region are seeking technology solutions like CPOE systems to enhance patient safety, streamline workflows, and standardize clinical practices. Regulatory bodies in Asia Pacific countries are also implementing initiatives to promote the adoption of digital health technologies, further driving market growth.
Asia Pacific is home to some of the world's leading technology hubs and innovators, driving technological advancements and digital transformation across various industries, including healthcare. The region is witnessing rapid adoption of digital health technologies and telemedicine solutions, creating a conducive environment for the adoption of CPOE systems. Moreover, the proliferation of mobile devices and internet connectivity in APAC countries enables remote access to healthcare services, fuelling demand for CPOE systems that support telehealth and remote care delivery. The Asia Pacific region is experiencing demographic shifts characterized by aging populations and rising prevalence of chronic diseases. As the burden of chronic conditions such as diabetes, cardiovascular diseases, and cancer increases, healthcare providers are facing growing demands for efficient and effective care delivery. CPOE systems offer solutions for managing complex treatment regimens, coordinating care across multidisciplinary teams, and improving medication adherence, making them essential tools for addressing the healthcare needs of aging populations in Asia Pacific.
Major companies operating in Global Computerized
Physician Order Entry Systems Market are:
- Veradigm LLC
- Athenahealth,
Inc.
- CliniComp
International Inc.
- Cerner
Corporation
- Epic Systems
Corporation
- Exone Company.
- First Databank,
Inc.
- NXGN Management,
LLC
- Mckesson
Corporation
- Siemens
Healthineers AG
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“The Global Computerized Physician Order Entry (CPOE)
Systems market is driven by several key factors. The urgent need to enhance
patient safety by reducing medication errors and improving the accuracy of
treatment orders is a significant driver. The regulatory mandates and
incentives encourage CPOE adoption for compliance. The transition towards
electronic health records (EHRs) necessitates integrated CPOE systems. The
potential for streamlined workflows, cost reduction, and improved data
analytics motivates healthcare providers. Additionally, the growth in chronic
diseases and the demand for telehealth services highlight the importance of
CPOE systems in modern healthcare, driving their adoption and market growth contributes
to foster the demand for Global Computerized Physician Order Entry Systems
Market in the forecast period” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Computerized Physician Order Entry Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Delivery Mode (Web-based and Cloud-based, On-Premise), By Component (Software, Hardware, Services), By Type (Integrated CPOE, Standalone CPOE), By End-User (Hospitals/Clinics, Other), By Region and Competition 2019-2029F” has evaluated
the future growth potential of Global Computerized Physician Order Entry
Systems Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Computerized
Physician Order Entry Systems Market.
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