HNY Research projects that the Computerized Physician Order Entry Systems market size will grow from XX Million in 2018 to XX Million by 2024, at an estimated CAGR of XX %. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increasing need for integrated healthcare will be a key driver the growth of the computerized physician order entry systems market. There are numerous incidences of medication errors, which further prompt at the need for an automated system for patient data collection and management. In addition, various governments across the globe are actively promoting the use of CPOE systems in tandem with sophisticated healthcare infrastructure, which is foreseen to favor the market growth throughout the forecast period. Growing need for efficient and accurate collection and exchange of extensive amounts of patient data between clinics, hospitals, and laboratories will continue to foster the market for computerized physician order entry systems. Integration of CPOE systems with clinical decision support systems (CDSS) and electronic health record (EHR) systems aids coordinated patient care service delivery. This has been a key advantage propelling the demand for CPOE systems. Moreover, the ability of integrated computerized physician order entry systems to enable the delivery of continuing patient care throughout the course of an illness, is also expected to boost the demand from the healthcare sector. Drug dosage support and clinical decision support are some more advantages of using computerized physician order entry systems. Growing awareness about this will be another key driver for the market. Rising population and prevalence of chronic diseases will remain a major factor pushing the demand for CPOE systems. Increasing investments by leading healthcare IT companies are also predicted to accelerate the adoption. The patient-centric approach is a more pronounced trend in the market these days. In addition, rising popularity of wireless and cloud technology is also influencing the market growth.
By Market Players:
McKesson Corporation., Allscripts., GE Healthcare., Cerner Corporation., Siemens Healthcare., Epic Systems Corporation., Athenahealth, Inc., Carestream Health, Inc., NextGen Healthcare Information Systems., LLC and MEDITECH.
By Product Hardware, Software ,
By Application Hospital, Pharmacy, Laboratory
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