15-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “Computerized Physician Order Entry Market By Component (Hardware, Software), Deployment Mode (Cloud-Based, On-Premise, Web-Based), By Type (Integrated, Standalone), By End-User (Hospitals, Clinics, Pharmacies, Laboratories, Ambulatory Surgical Centers): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Computerized Physician Order Entry Market in 2019 was approximately USD 1,382 million. The market is expected to grow at a CAGR of 7.2% and is anticipated to reach around USD 1,987.6 million by 2026.
The Global Computerized Physician Order Entry Market Is Powered By Increasing Need For Integrated Healthcare.
The system through which physicians place orders electronically and all the orders are transferred to the recipient is called computerized physician order entry. The method for feeding the instructions or orders of medication electronically and not on paper charts is known as computerized physician order entry. The added advantage involved in the computerized physician order entry is that it minimizes the error possibility and also the bad handwriting of medication orders. These systems are designed for improving the safety of patients by minimizing the medication orders as this system offers the ordering of consultants electronically.
The majority of clinics and hospitals are using the computerized physician order entry system because of the reasons such as government initiatives regarding the improvement of healthcare, and infrastructure in order to reduce healthcare spending.
Major key players in the computerized physician order entry market are focusing on the launch of new products, upgrading their old versions, being involved in mergers or acquisitions, and also collaborating with the new players coming into the market to maintain their high sustainability in the market. For example, in the year 2015, a player named Allscripts has collaborated with NantHealth to develop a solution for point of care prescription. Through this, the company enhanced its product portfolio in the computerized physician order entry market range.
The demand for the computerized physician order entry market was projected at around USD 1,382 million in 2019, and by the end of 2026, existing and expected developments would hit estimations of around USD 1,987.6 million. The companies and experts predict the worldwide computerized physician order entry market growth in terms of CAGR of around 7.2%. The increasing need for integrated healthcare.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,382 Million |
Projected Market Size in 2026 |
USD 1,987.6 Million |
CAGR Growth Rate |
7.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
McKesson Corporation, Meditech, Allscripts, NextGen Healthcare Information Systems LLC, GE Healthcare, Carestream Health Inc, Cerner Corporation, Athenahealth Inc., Siemens Healthcare, Epic Systems Corporation, and others. |
Key Segment |
By Component, Deployment Mode, Type, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Top Market Players
Some of the leading and top companies in the computerized physician order entry market contain McKesson Corporation, Meditech, Allscripts, NextGen Healthcare Information Systems, LLC, GE Healthcare, Carestream Health, Inc, Cerner Corporation, Athenahealth, Inc., Siemens Healthcare, Epic Systems Corporation, among other players.
The initiatives taken by governments across the globe regarding the safety of patients are boosting the market for computerized physician order entry market globally. As per the healthcare information technology for economic and clinical health act of the U.S., the organizations of healthcare that have achieved compliance by 2011 are eligible for receiving the incentive payments, and also such organizations which are failed to achieve this standard by 2015 will face financial penalties.
There are huge advantages that drive the market for computerized physician order entry market which include a reduction in problems regarding drug names misinterpretation, handwriting, specification errors, and drug interactions among others.
Browse the full “Computerized Physician Order Entry Market By Component (Hardware, Software), Deployment Mode (Cloud Based, On-Premise, Web Based), By Type (Integrated, Standalone), By End-User (Hospitals, Clinics, Pharmacies, Laboratories, Ambulatory Surgical Centers): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/computerized-physician-order-entry-market
Segmental Overview:
The market for computerized physician order entry is segmented based on component, deployment mode, type, end-user, and region. Based on components the market is bifurcated into hardware, software, and services. Based on deployment mode, the market is bifurcated into cloud-based, on-premise, and web-based.
Further on the basis of type, the market is classified into integrated, and standalone. On the basis of end-user, the market is bifurcated into hospitals, clinics, pharmacies, laboratories, ambulatory surgical centers, and others. In terms of geography,
Regional Overview:
North America will dominate the market because of the initiatives by the government for the implementation of computerized physician order entry systems in the region, and also the adoption of newer technologies and rise in awareness among the healthcare workers and better healthcare infrastructure will maintain the higher share in the region. Also, Asia Pacific will create lucrative opportunities in the future because of the untapped market in the region, and also initiatives by the government are increasing.
Global Computerized Physician Order Entry Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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