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Computerised Physician Order Entry Market Size, Share, Industry Trends and Forecast to 2033

This report provides a comprehensive analysis of the Computerised Physician Order Entry market, delivering key insights on market size, trends, and forecasts for the period from 2023 to 2033.

Metric Value
Study Period 2023 - 2033
2023 Market Size $5.60 Billion
CAGR (2023-2033) 9.2%
2033 Market Size $13.91 Billion
Top Companies Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare Solutions, McKesson Corporation, MEDITECH
Last Modified Date 15 Nov 2024

Computerised Physician Order Entry Market Report (2023 - 2033)

Computerised Physician Order Entry Market Overview

The CPOE industry is undergoing significant transformation due to technological advancements and evolving patient care requirements. Major drivers include rising healthcare costs, the demand for quality patient care, and government initiatives to digitize health records. Moreover, the pandemic has accelerated the shift to digital platforms, pushing healthcare organizations to implement CPOE systems rapidly. Despite the benefits, challenges such as system interoperability, high implementation costs, and resistance from healthcare professionals continue to hinder market penetration. However, ongoing innovations and increasing investments in health IT are expected to create new opportunities within this industry.

What is the Market Size & CAGR of the Computerised Physician Order Entry market in 2023?

The Computerised Physician Order Entry market is estimated to be valued at approximately $9.13 billion in 2023, with a projected compound annual growth rate (CAGR) of 10.65% from 2023 to 2033. This growth is driven by the increasing need for efficient medical order management systems, enhanced patient safety mechanisms, and regulatory push towards electronic health records and digital systems. The integration of advanced technologies such as artificial intelligence and machine learning in healthcare is further expected to bolster market growth by providing better insights and operational efficiencies.

Computerised Physician Order Entry Industry Analysis

The CPOE industry is undergoing significant transformation due to technological advancements and evolving patient care requirements. Major drivers include rising healthcare costs, the demand for quality patient care, and government initiatives to digitize health records. Moreover, the pandemic has accelerated the shift to digital platforms, pushing healthcare organizations to implement CPOE systems rapidly. Despite the benefits, challenges such as system interoperability, high implementation costs, and resistance from healthcare professionals continue to hinder market penetration. However, ongoing innovations and increasing investments in health IT are expected to create new opportunities within this industry.

Computerised Physician Order Entry Market Segmentation and Scope

The CPOE market can be segmented based on solution type, deployment model, end-users, and functionality. Key segments include: 1. By Solution: Basic Solutions and Advanced Solutions. 2. By Deployment Type: Cloud-Based and On-Premises. 3. By End-User: Hospitals, Ambulatory Settings, and Clinical Laboratories. 4. By Functionality: Medication Ordering, Lab Ordering, and Radiology Ordering. Each segment represents unique opportunities and challenges, with hospitals dominating the market due to their larger patient volumes and the critical need for error reduction in medication ordering.

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Computerised Physician Order Entry Market Analysis Report by Region

Europe Computerised Physician Order Entry Market Report:

Europe's CPOE market is anticipated to grow from $1.48 billion in 2023 to $3.67 billion by 2033, supported by government initiatives promoting digital health technologies and a shift towards patient-centered care.

Asia Pacific Computerised Physician Order Entry Market Report:

The Asia-Pacific CPOE market is forecasted to grow from $1.09 billion in 2023 to $2.72 billion by 2033, reflecting a growing emphasis on digital healthcare solutions driven by the region's expanding health IT industry and rising demand for improved patient management systems.

North America Computerised Physician Order Entry Market Report:

North America remains the largest regional market, with the CPOE market expected to rise from $1.84 billion in 2023 to $4.58 billion by 2033. The presence of major healthcare service providers and stringent regulations mandating electronic health record usage drive the demand in this region.

South America Computerised Physician Order Entry Market Report:

In South America, the CPOE market is projected to expand from $0.43 billion in 2023 to $1.07 billion in 2033. This growth can be attributed to increasing investments in healthcare infrastructure and technology adoption in various countries.

Middle East & Africa Computerised Physician Order Entry Market Report:

The CPOE market in the Middle East and Africa is projected to increase from $0.76 billion in 2023 to $1.88 billion by 2033, with growth stemming from rising healthcare expenditure and a push towards modernization in healthcare systems.

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Computerised Physician Order Entry Market Analysis By Solution

Global Computerised Physician Order Entry Market, By Solution Market Analysis (2023 - 2033)

In terms of solutions, the CPOE market is categorized into Basic and Advanced Solutions. Basic Solutions, comprising $4.49 billion in 2023 and projected to reach $11.15 billion by 2033, dominate the market due to their cost-effectiveness and essential functionalities. Meanwhile, Advanced Solutions, valued at $1.11 billion in 2023 and expected to grow to $2.77 billion by 2033, are gaining traction due to their advanced features like data analytics and integration capabilities.

Computerised Physician Order Entry Market Analysis By Deployment Type

Global Computerised Physician Order Entry Market, By Deployment Type Market Analysis (2023 - 2033)

Segmented by deployment type, the Cloud-Based solutions lead with a market size of $4.49 billion in 2023, expected to hit $11.15 billion by 2033, owing to their flexibility and lower upfront costs. In contrast, On-Premises solutions account for $1.11 billion in 2023 and are expected to grow to $2.77 billion, as some organizations prefer them for data security and control.

Computerised Physician Order Entry Market Analysis By End User

Global Computerised Physician Order Entry Market, By End-User Market Analysis (2023 - 2033)

For end-user segmentation, Hospitals lead with a market share of 68.28%, valued at $3.82 billion in 2023 and projected to reach $9.50 billion by 2033. Ambulatory Settings follow at 20.65%, estimated at $1.16 billion in 2023, reaching $2.87 billion by 2033. Clinical Laboratories also play a significant role, valued at $0.62 billion in 2023, expecting to grow to $1.54 billion.

Computerised Physician Order Entry Market Analysis By Functionality

Global Computerised Physician Order Entry Market, By Functionality Market Analysis (2023 - 2033)

Analyzing by functionality, Medication Ordering remains the most significant segment, with a market size of $3.82 billion and a share of 68.28% in 2023. Lab Ordering follows with a share of 20.65%, valued at $1.16 billion. Radiology Ordering, although smaller, at $0.62 billion, contributes 11.07% to the market, reflecting its essential role in diagnostic procedures.

Computerised Physician Order Entry Market Analysis By Technology

Global Computerised Physician Order Entry Market, By Technology Market Analysis (2023 - 2033)

The technology analysis reveals that Cloud-Based solutions command a prominent market share of 80.12% in 2023, valued at $4.49 billion, and likely to rise to $11.15 billion by 2033. On-Premises technology, while smaller at $1.11 billion, with a share of 19.88%, reflects a stable demand driven by organizations favoring greater data management control.

Computerised Physician Order Entry Market Trends and Future Forecast

Looking ahead to 2033, the CPOE market is anticipated to continue its robust growth trajectory, projected to exceed $20 billion. Key trends influencing this growth include the shift towards personalized medicine, integration of artificial intelligence for predictive analytics, and greater emphasis on telehealth services. Additionally, challenges such as cybersecurity threats and the need for standardization in electronic health records will influence market dynamics. The industry is expected to enhance its focus on interoperability, ensuring seamless communication across varying healthcare platforms to further drive adoption.

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Global Market Leaders and Top Companies in Computerised Physician Order Entry Industry

Epic Systems Corporation:

Epic is a leader in health informatics, focusing on CPOE systems that enhance clinical collaboration and decision-making.

Cerner Corporation:

Cerner offers comprehensive health information technology solutions, including CPOE systems that improve healthcare delivery and outcomes.

Allscripts Healthcare Solutions:

Allscripts provides technology solutions that increase hospital efficiency and optimize patient care through advanced CPOE systems.

McKesson Corporation:

McKesson delivers healthcare management solutions, helping providers implement effective CPOE systems to enhance patient safety.

MEDITECH:

MEDITECH specializes in electronic health record solutions and CPOE systems that foster healthcare innovation and improve care quality.

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