The computerized physician order entry (CPOE) systems market is expected to observe good growth due to the government initiatives, increasing healthcare IT adoption, and increasing the quality of healthcare and patient-centered services.
There has been a rapid increase in the overall healthcare expenditure and the adoption of healthcare IT is increasing each year. The implementation and use of electronic health records (EHRs) and other health information technology (HIT) that has been shown to facilitate primary care practice transformation and this is helping in the adoption of IT systems and the softwares in the clinics and hospitals.
There are also many research studies of individual medical practitioners that have demonstrated that primary care physicians, and particularly family physicians, are more likely than their colleagues to adopt and use HIT. Hence all these factors are increasing the healthcare IT adoption rate and also helping the CPOE market growth in the forecasted period.
In addition, the 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.
Key Market Trends
Web-based is Expected to be the Dominant Segment by Delivery Mode over the Forecast Period
By delivery mode, the CPOE systems market is segmented into web-based and cloud-based and On-Premise. Web-based and Cloud-based segment is the largest mode of delivery, whereas the hospital will continue to form the largest segment among end-users of computerized physician order entry systems. Web-based delivery mode segment has witnessed high demand in the market due to the increasing penetration of internet services and augmented digital literacy contributed to emergent demand for these services. Hence, these factors are expected to fuel market growth over the forecast period.
North America Region Holds the Largest Market Share of Computerized Physician Order Entry (CPOE) Systems Market
North America is found to be one of the biggest markets for global CPOE Systems market owing to the growing investments from key players in the development of these software and government initiatives in the region such as HITECH Act (Health Information Technology for Economic and Clinical Health). There is also an increasing adoption rate of new healthcare software’s and its usage that is propelling market growth.
The increasing occurrence of chronic and lifestyle associated diseases, elevated adoption of advanced technology and a mounting need for integrated healthcare are also found surging the growth of the North American computerized physician order entry market.
The key players in the computerized physician order entry market are found catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Allscripts Healthcare Solutions, Inc., Cerner Corporation, Epic Systems, Mckesson Corporation, Athenahealth, Inc., are found to be the key players offering computerized physician order entry solutions.
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