Computerized Physician Order Entry (CPOE) Systems Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

A computerized physician order entry (CPOE) system, also called Computerized Provider Order Entry, is a healthcare information system that electronically captures and stores physician's instructions and helps improve efficiency of patient-care management. The CPOE system ensures proper collection and transfer of patient’s health data between laboratories, clinics, pharmacy, laboratory, radiology. and other healthcare agencies. Physicians and pharmacists can view patient status, enter orders, document their details, and share information in an easy-to-use patient record. Computerized physician order entry system has a number of advantages such as reduction in length of stay, non-repetition of tests, reduced turnaround time for laboratory tests, and enhanced cost savings. Moreover, CPOE is also highly beneficial as it integrates clinical decision support system (CDSS) and electronic health record (EHR) system, ensuring the utmost cost-effectiveness.

 

Computerized Physician Order Entry Systems Market Taxonomy

The computerized physician order entry systems market can be segmented on the basis of type of system, mode of delivery, component and end users as follows:

  • Type of System
    • Integrated
    • Standalone
  • Mode of Delivery
    • Cloud
    • On-premise
    • Web-based
  • Component
    • Software
    • Hardware
    • Services
  • End User
    • Hospitals
    • Clinics and nursing homes
    • Home health agencies

 

Popular systems in the computerized physician order entry systems market: PatientKeeper, Cerner CPOE system, Horizon Expert Orders, GE and Mindfire CPOE Software solutions

 

High Implementation Costs Restraining Computerized Physician Order Entry Systems Market Growth in Emerging Economies

The computerized physician order entry systems market can be analyzed in five major regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World. Prime factors driving growth in North America and Europe include growing demand for paperless environment to minimize human error, decreasing delay in order completion, and the need for reducing treatment costs. Furthermore, increasing government pressure to automate healthcare facilities is also fueling growth of the computerized physician order entry systems market. However, demand for CPOE systems in Asia Pacific and Latin America is increasing with increasing pressure on reducing costs and medication errors. Also, better storage and management of patient’s information record and increasing need to minimize records retention costs is also projected to propel growth of the computerized physician order entry systems market in the near future. On the other hand, lack of professionally trained workforce and major capital investment involved in installation of the system is hindering demand for computerized physician order entry systems in the emerging economies.

 

Digital Transformation of Medicine is Exemplified by CPOE System

Use of CPOE system significantly aids in reducing prescription and dispensing errors, reducing costs, improving patient care, and enhancing workflow automation. A study published in Applied Clinical Informatics in 2014 stated that increase in use of CPOE led to 63% drop in length of hospital stay. According to a study by the Agency for Healthcare research and Quality, by the end of 2015, around 84% of the federal acute care hospitals had implemented CPOE systems. In outpatient settings, around 50% of them had installed by the end of 2014. However, according to EHR Intelligence, CPOE systems failed to flag-off 39% of potentially harmful orders. A number of companies offer novel software and systems for the monitoring and controlling of health information.

Some of the major companies operating in the computerized physician order entry systems market are Cerner Corporation, McKesson Corporation, Athenahealth, Inc., GE Healthcare, Epic Systems Corporation, and Allscripts Healthcare Solutions, Inc.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Preliminary Data Mining

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Data Standardization:

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Coherent Statistical model

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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