The report "Computerized
Physician Order Entry Market by Type (Integrated, Standalone), by Component
(Hardware, Software, Services), by Deployment, by End User (Emergency
Healthcare Service Provider, Hospitals, Office Based Physicians), by Geography
- Global Trends & Forecast to 2019", the global computerized
physician order entry (CPOE) market was valued at $999.9 Million in 2014,and
Computerized Physician Order Entry Market worth 379 Million USD by 2019, and is
projected to grow at a CAGR of 6.6% during the forecast period from 2014 to
Browse 61 tables and 68 figures spread through 111 Pages and in-depth TOC on "Computerized Physician Order Entry Market"
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CPOE is an electronic entry process utilized by medical
practitioners to enter medication orders and other treatment related
instructions particularly for hospitalized patients under care. It reduces
errors related to handwriting as well as reduces the time taken for order
The order entry is transmitted over a network to various departments within a hospital, including pharmacy, laboratory, and radiology. The CPOE market is steadily progressing, and is primarily driven by government initiatives that improve IT infrastructure and information technology, thereby reducing healthcare expenditure.
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CPOE allows medical orders to be entered into EHRs directly
by practitioners or other staff members, who possess specific privileges. The
CPOE acronym can be interpreted differently including computerized prescription
order entry, computerized physician order entry, and computerized provider
order entry. The global CPOE market constitutes 5.4% of the global computerized
physician order entry (CPOE) market.
CPOE has various advantages that include eliminating
illegible orders, giving warnings for allergy and adverse drug reactions at the
point of ordering, and providing individual order monitoring and warnings for
drug-drug, drug-food, drug-laboratory, and drug-diagnosis interactions.
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There is a global increase in the adoption rate of various
technologies in healthcare systems that encompass electronic health records
(EHR) systems, which in turn has boosted the adoption rate of CPOE. The CPOE
integration with various other systems significantly reduces the implementation
cost, and thus, it is increasingly becoming a part of the integrated platform
for medication order management.
Although, these systems are expensive, incentives and
mandates from government are expected to drive the adoption of these systems.
The major barriers in the growth of this market are state of commercial CPOE
systems and need for large investment.
The key players profiled in the global CPOE market are
Allscripts (U.S.), Athenahealth, Inc. (U.S.), Siemens Healthcare (Germany),
Philips Healthcare (Netherlands), Medical Information Technology, Inc. (U.S.),
Cerner Corporation (U.S.), eClinicalWorks LLC (U.S.), Epic systems (U.S.), GE
healthcare (U.K.), Mckesson Corporation (U.S.), and Carestream Health (U.S.).
The major strategies adopted by the major players in this market are agreement,
new product launch, and merger & acquisition.
The research study is aimed at identifying emerging trends
and opportunities in the global CPOE market along with detailed
classifications, in terms of revenue. It provides comprehensive competitive
landscape and identifies the key players with respect to market size and market
share. The research study also includes a detailed segmentation of the global
CPOE market, on the basis of type, component, deployment, end-user, and region.
Apart from the market segmentation, this report also makes
use of the Porter’s Five Forces Analysis, which provides an in-depth analysis
of the market by providing a detailed process flow diagram and market dynamics,
such as drivers, restraints, and opportunities in the global CPOE market.
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