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.
About Grand View
Research
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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: https://www.grandviewresearch.com
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: https://www.grandviewresearch.com
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