The Computerized Physician Order Entry market is experiencing significant growth, with the market size valued at USD 1.70 billion in 2022. Projections indicate a substantial increase, with the market expected to reach USD 2.86 billion by 2030, demonstrating a steady Compound Annual Growth Rate (CAGR) of 6.7% over the forecast period spanning from 2023 to 2030.
Computerized Physician Order Entry systems play a pivotal role in modern healthcare settings, facilitating the electronic entry of medical orders, prescriptions, and instructions by healthcare providers, thereby enhancing patient safety, reducing medication errors, and improving clinical workflow efficiency.
KEY PLAYERS:
Some of the major key players are Athenahealth, Inc., Cerner Corporation, Allscripts, Carestream Health, Inc., Epic Systems Corporation, GE Healthcare, MEDITECH, Siemens Healthcare, McKesson Corporation, NextGen Healthcare Information Systems and other players.
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KEY MARKET SEGMENTS
By Components
Software
Hardware
Services
By Delivery Mode
Web-Based CPOE
On-Premise CPOE
By End-User
Hospital
Pharmacy
Laboratory
Key highlights of the report include:
Focus on Patient Safety and Quality of Care:
With an increasing emphasis on patient safety and quality improvement initiatives, healthcare organizations are adopting Computerized Physician Order Entry systems to standardize order entry processes, ensure adherence to evidence-based guidelines, and minimize the risks of medication errors and adverse drug events.
Integration with Electronic Health Records (EHR):
The integration of Computerized Physician Order Entry systems with Electronic Health Record (EHR) platforms enables seamless data exchange, interoperability, and clinical decision support, thereby facilitating comprehensive patient care coordination, documentation, and information sharing across healthcare settings.
Rising Adoption of Cloud-Based Solutions:
The growing adoption of cloud-based Computerized Physician Order Entry solutions offers scalability, accessibility, and cost-effectiveness, enabling healthcare organizations to deploy and manage CPOE systems efficiently, while ensuring data security, compliance, and disaster recovery capabilities.
Regulatory Mandates and Incentives:
Regulatory mandates, such as meaningful use requirements under the Medicare and Medicaid EHR Incentive Programs, are driving the adoption of Computerized Physician Order Entry systems among healthcare providers, incentivizing the use of electronic health records and advanced clinical decision support functionalities.
As healthcare systems worldwide continue to prioritize digital transformation and patient-centered care delivery, the Computerized Physician Order Entry market is poised for significant expansion, driven by technological advancements, regulatory initiatives, and increasing investments in healthcare IT infrastructure.
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