Monday, October 5, 2015

Computerized Physician Order Entry Market is Expected to Reach 1379 Million USD by 2019

Computerized Provider Order Entry (CPOE) is defined as any system that helps clinicians to directly enter medication orders into a computer, which then transmits the order directly to the pharmacy. Many inpatient settings have installed and started utilizing CPOE thus reducing medication errors. CPOE has various advantages, such as it eliminates illegible orders, gives warnings for allergy and adverse drug reactions at the point of ordering, and provides individual order monitoring and warnings for drug-drug, drug-food, drug-laboratory, and drug-diagnosis interactions.

The report analyses the CPOE market with respect to its type, component, deployment, end-user, and region.

The type segment is further divided into integrated CPOE and standalone CPOE, wherein the integrated CPOE sub-segment dominated the global CPOE market, by type, with a share of 75.0% in 2014. The components segment is divided into services, software, and hardware, wherein the services sub-segment has the largest market value of 37.0%. The deployment segment is further segmented into web-based, on premise, and cloud based, wherein the web-based sub-segment has the largest market share of 56.4%. The end-user segment of this market is segmented into office-based physicians, hospitals, emergency healthcare service providers, nurses, and other end-users, wherein the hospitals sub-segment held the highest share of 32.7% in 2014.

The global CPOE market was valued at $999.9 million in 2014, growing at a CAGR of 6.6% during the forecast period from 2014 to 2019. Various regions covered in this report are North America, Europe, Asia-Pacific, and RoW. North America held the largest share of 59.5% in the global CPOE market, which was followed by Europe. The rising number of installations in North America is due the high adoption of advanced technology and a greater emphasis that is laid on hospital automation.

Some of the major players operating in the Global CPOE Market include Allscripts (U.S.), Athenahealth, Inc. (U.S.), Siemens Healthcare (Germany), Philips Healthcare (Netherlands), Medical Information Technology, Inc. (U.S.A),  Cerner Corporation (U.S.), eClinicalWorks LLC (U.S.A), Epic systems (U.S.), GE healthcare (U.K.), Mckesson Corporation (U.S.), and Carestream Health (U.S.). Most of the companies have adopted various strategies, such as merger & acquisition and agreements, among others, to sustain in the global CPOE market.

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