Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1892.5 Million | USD 3471.33 Million | 6.4% | 2024 |
The global computerized physician order entry market size was worth around USD 1892.5 Million in 2024 and is predicted to grow to around USD 3471.33 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.4% between 2025 and 2034. The report analyzes the global computerized physician order entry market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the computerized physician order entry industry.
Computerized physician order entry while sometimes also being referred to as computerized provider order entry is digitalized order management for medical professions. The process involves medical professionals making electronic entries of medical treatments related to the patient who is being treated by him or her. The e-data is then shared with all the corresponding stakeholders over a shared computer network system. The stakeholders can range from other relevant medical professionals that are treating the same patient, to pharmacists or radiologists. CPOE aids in the reduction of time taken to dispense information and complete the orders. Since most of the tasks are completed electronically, there is less scope for transcriptional error while also enhancing transparency between related parties. Computerized physician order entry prevents duplication of orders subsequently helping in better inventory management and enhancing the billing process. CPOE is a highly acclaimed patient management software.
Some of the key data that a generic computerized physician order entry has are patients identity, detailed explanation of the role of the required staff member, details of the material, medication, and resources that are applied, the exact procedure to be performed, the sequence of the operation that has to be obeyed, feedback, and case-related documents. Since CPOE aids smoother flow in medical processes, the global computerized physician order entry market is witnessing a higher rate of adoption.
Increasing error in documenting medical history to propel global market growth
In current times, medical cases have become extremely complex and no two patients share the same healthcare history. The reasons for such diverse medical situations may be because of evolving genetic conditions, lifestyle choices, eating habits, and stressful living environments to name a few. This complicates the traditional method of medical data-keeping since the several healthcare issues of a given patient are interdependent. Patients have to visit different doctors with specific specializations for every issue which has resulted in an increase in the number of errors pertaining to the documentation of a patient's health-related information. Hence it has become imperative to create a system where all of the medical records can be effectively stored and accessed by all relevant stakeholders thus propelling the global computerized physician order entry market growth.
Since healthcare is the backbone of any economy, governments have been investing heavily to improve the healthcare systems in their respective regions and this has intensified the adoption of IT for various health-related processes which may aid the global market expansion during the forecast period.
High installation and maintenance cost of CPOE system to hamper global market expansion
Computerized physician order entry systems require a high initial investment since the data pertaining to the entire healthcare unit is digitalized. The process can also be time-consuming whereas maintenance of CPOE systems may also require regular investments. This increases the overall cost of the medical facility thus creating hesitancy amongst clinics and treatment facilities to adopt such systems. This is also coupled with the cost of training the personnel to efficiently use the systems. Since IT may sometimes become too complicated for non-IT professionals, lack of training may lead to an increased discomfort amongst hospital staff while using CPOE systems thus hampering the global market growth.
Rising number of medical facilities to provide growth opportunities in the global market
Due to the rising number of diseases across the globe, there is a significant growth in the number of hospital and clinic facilities to cater to the rising demand. A rise in patient awareness about the higher quality of treatment has forced the medical facilities to upgrade their services which are expected to provide excellent growth opportunities for global computerized physician order entry market growth because of rising competition between different market players.
Owing to the rise in the quantity of COPE system manufacturers, the global market reach is expected to grow during the forecast years because of rising marketing initiatives taken up by the market players to expand their global footprint. There are constant efforts displayed by manufacturers to provide the consumers with more friendly systems to withdraw the hesitancy of healthcare professionals towards IT adoption.
Lack of IT professionals in healthcare to challenge market growth
The number of IT professionals in the healthcare sector is relatively lower than what the global market demands. This has resulted in many medical units either not adopting IT in their systems to the full extent or outsourcing IT services which causes high final costs. The global market may suffer during the projection period because of a lack of skilled professionals who can smoothen the fusion of the healthcare and IT sectors.
The global computerized physician order entry market is segmented based on delivery mode, type, end-user, component, and region
Based on Delivery Mode, the global computerized physician order entry market is divided into On-Premises and Web-based & Cloud-based.
On the basis of Type, the global computerized physician order entry market is bifurcated into Integrated and Standalone.
By End-User, the global computerized physician order entry market is split into Emergency Healthcare Service Provider, Hospitals & Clinics, and Others.
In terms of Component, the global computerized physician order entry market is categorized into Software, Hardware, and Services.
Report Attributes | Report Details |
---|---|
Report Name | Computerized Physician Order Entry Market |
Market Size in 2024 | USD 1892.5 Million |
Market Forecast in 2034 | USD 3471.33 Million |
Growth Rate | CAGR of 6.4% |
Number of Pages | 221 |
Key Companies Covered | Cerner Corporation, Siemens Healthcare, Allscripts, GE Healthcare, Athenahealth Inc., Mckesson Corporation, eClinicalWorks LLC, Philips Healthcare, Epic Systems, and Medical Information Technology Inc., among others., and others. |
Segments Covered | By Delivery Mode, By Type, By End-User, By Component, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to grow with the highest CAGR during the forecast period
Asia-Pacific is showing excellent signs of growth in the global computerized physician order entry market majorly due to rising medical tourism in countries like China and India, propelling the government to take steps that will reduce the overall medical expense while also maintaining the quality of the services. The constant innovation in the IT sector is also expected to aid regional growth since there is a presence of multiple IT service providers and there is a drastic change in the marketing initiatives undertaken by these companies.
North America is projected to generate high revenues mainly due to the advanced healthcare structure in regions like Canada and the USA. The growing economy of these regions allows for them to adopt high-costing services which are propelled by the rising demand from patients for improved healthcare services.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the computerized physician order entry market on a global and regional basis.
The global computerized physician order entry market is dominated by players like:
By Delivery Mode
By Type
By End-User
By Component
By Region
FrequentlyAsked Questions
Computerized Physician Order Entry (CPOE) is a digital system that allows doctors to enter medical orders—such as prescriptions, lab tests, and treatment instructions—directly into a computer. It reduces errors, improves efficiency, and enhances communication in healthcare settings.
The global computerized physician order entry market is expected to grow due to rising adoption of electronic health records (ehr), increasing focus on reducing medication errors, and government initiatives for healthcare digitization.
According to a study, the global computerized physician order entry market size was worth around USD 1892.5 Million in 2024 and is expected to reach USD 3471.33 Million by 2034.
The global computerized physician order entry market is expected to grow at a CAGR of 6.4% during the forecast period.
Asia-Pacific is expected to dominate the computerized physician order entry market over the forecast period.
Leading players in the global computerized physician order entry market include Cerner Corporation, Siemens Healthcare, Allscripts, GE Healthcare, Athenahealth Inc., Mckesson Corporation, eClinicalWorks LLC, Philips Healthcare, Epic Systems, and Medical Information Technology Inc., among others., among others.
The report explores crucial aspects of the computerized physician order entry market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed