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(Medical-NewsWire.com, June 29, 2017 ) 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 2019.,
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Computerized Physician Order Entry is defined as an application, which aids providers to enter medical orders into computer systems that are located within an ambulatory or inpatient setting. CPOE helps in the replacement of many traditional methods of enlisting medication orders; these include verbal (in person or via telephone), written (paper prescriptions), and fax.
These systems allow users to electronically specify medication orders as well as laboratory, referral, admission, radiology, and procedure orders. The Global CPOE Market is primarily driven by factors, such as government initiatives to improve the IT infrastructure and information technology that helps in the reduction of healthcare costs.
The global CPOE Market has been segmented on the basis of five categories, namely, type, component, deployment, end-user, and region. On the basis of type, the market is segmented into integrated CPOE and standalone CPOE, wherein the integrated CPOE sub-segment dominated the global CPOE market with a share of 75.0% in 2014.
On the basis of component, this market is further divided into services, software, and hardware, wherein the services sub-segment has the largest market value.
On the basis of deployment, this market is segmented into web-based, on premise, and cloud based, wherein the web-based sub-segment has the largest market value.
On the basis of end-user, this market is divided into office-based physicians, hospitals, emergency healthcare service providers, nurses, and other end-users, wherein the hospital sub-segment accounted for the largest share of 32.7% in the global computerized physician order entry market in 2014. It is estimated to witness a CAGR of 7.0% during the forecast period from 2014 to 2019.
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The market, on the basis of region, has been classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. North America held the largest share of 59.5% in the total global CPOE market, which was followed by Europe. The rising number of installations in North America is due to the high adoption of advanced technology, wherein a greater emphasis is laid on hospital automation.
The major players operational in the global computerized physician order entry 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.).
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