Computerized Physician Order Entry (CPOE) Systems Market Set for Rapid Growth and Trend, by 2026
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.
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.
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<strong>Computerized</strong> <strong>Physician</strong> <strong>Order</strong> <strong>Entry</strong> (<strong>CPOE</strong>)<br />
<strong>Systems</strong> <strong>Market</strong> Necessity And Dem<strong>and</strong> 2018 to<br />
<strong>2026</strong><br />
<strong>Computerized</strong> <strong>Physician</strong> <strong>Order</strong> <strong>Entry</strong> (<strong>CPOE</strong>) <strong>Systems</strong> <strong>Market</strong> - Global Industry<br />
Insights, <strong>Trend</strong>s, Outlook, <strong>and</strong> Opportunity Analysis, 2018-<strong>2026</strong><br />
A computerized physician order entry (<strong>CPOE</strong>) system, also called <strong>Computerized</strong> Provider <strong>Order</strong> <strong>Entry</strong>,<br />
is a healthcare in<strong>for</strong>mation system that electronically captures <strong>and</strong> stores physician's instructions <strong>and</strong><br />
helps improve efficiency of patient-care management. The <strong>CPOE</strong> system ensures proper collection <strong>and</strong><br />
transfer of patient’s health data between laboratories, clinics, pharmacy, laboratory, radiology. <strong>and</strong> other<br />
healthcare agencies. <strong>Physician</strong>s <strong>and</strong> pharmacists can view patient status, enter orders, document their<br />
details, <strong>and</strong> share in<strong>for</strong>mation in an easy-to-use patient record. <strong>Computerized</strong> physician order entry<br />
system has a number of advantages such as reduction in length of stay, non-repetition of tests, reduced<br />
turnaround time <strong>for</strong> laboratory tests, <strong>and</strong> enhanced cost savings. Moreover, <strong>CPOE</strong> is also highly<br />
beneficial as it integrates clinical decision support system (CDSS) <strong>and</strong> electronic health record (EHR)<br />
system, ensuring the utmost cost-effectiveness. Click To Read More On <strong>Computerized</strong> <strong>Physician</strong><br />
<strong>Order</strong> <strong>Entry</strong> (<strong>CPOE</strong>) <strong>Systems</strong> <strong>Market</strong>
Popular systems in the computerized physician order entry systems market: PatientKeeper, Cerner<br />
<strong>CPOE</strong> system, Horizon Expert <strong>Order</strong>s, GE <strong>and</strong> Mindfire <strong>CPOE</strong> Software solutions<br />
High Implementation Costs Restraining <strong>Computerized</strong> <strong>Physician</strong> <strong>Order</strong> <strong>Entry</strong> <strong>Systems</strong> <strong>Market</strong><br />
<strong>Growth</strong> in Emerging Economies<br />
The computerized physician order entry systems market can be analyzed in five major regions: North<br />
America, Europe, Asia Pacific, Latin America, <strong>and</strong> Rest of the World. Prime factors driving growth in<br />
North America <strong>and</strong> Europe include growing dem<strong>and</strong> <strong>for</strong> paperless environment to minimize human<br />
error, decreasing delay in order completion, <strong>and</strong> the need <strong>for</strong> reducing treatment costs. Furthermore,<br />
increasing government pressure to automate healthcare facilities is also fueling growth of the<br />
computerized physician order entry systems market. However, dem<strong>and</strong> <strong>for</strong> <strong>CPOE</strong> systems in Asia<br />
Pacific <strong>and</strong> Latin America is increasing with increasing pressure on reducing costs <strong>and</strong> medication<br />
errors. Also, better storage <strong>and</strong> management of patient’s in<strong>for</strong>mation record <strong>and</strong> increasing need to<br />
minimize records retention costs is also projected to propel growth of the computerized physician order<br />
entry systems market in the near future. On the other h<strong>and</strong>, lack of professionally trained work<strong>for</strong>ce <strong>and</strong><br />
major capital investment involved in installation of the system is hindering dem<strong>and</strong> <strong>for</strong> computerized<br />
physician order entry systems in the emerging economies.<br />
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Digital Trans<strong>for</strong>mation of Medicine is Exemplified <strong>by</strong> <strong>CPOE</strong> System<br />
Use of <strong>CPOE</strong> system significantly aids in reducing prescription <strong>and</strong> dispensing errors, reducing costs,<br />
improving patient care, <strong>and</strong> enhancing workflow automation. A study published in Applied Clinical<br />
In<strong>for</strong>matics in 2014 stated that increase in use of <strong>CPOE</strong> led to 63% drop in length of hospital stay.<br />
According to a study <strong>by</strong> the Agency <strong>for</strong> Healthcare research <strong>and</strong> Quality, <strong>by</strong> the end of 2015, around<br />
84% of the federal acute care hospitals had implemented <strong>CPOE</strong> systems. In outpatient settings, around<br />
50% of them had installed <strong>by</strong> the end of 2014. However, according to EHR Intelligence, <strong>CPOE</strong> systems<br />
failed to flag-off 39% of potentially harmful orders. A number of companies offer novel software <strong>and</strong><br />
systems <strong>for</strong> the monitoring <strong>and</strong> controlling of health in<strong>for</strong>mation.
Some of the major companies operating in the computerized physician order entry systems market are<br />
Cerner Corporation, McKesson Corporation, Athenahealth, Inc., GE Healthcare, Epic <strong>Systems</strong><br />
Corporation, <strong>and</strong> Allscripts Healthcare Solutions, Inc.<br />
<strong>Computerized</strong> <strong>Physician</strong> <strong>Order</strong> <strong>Entry</strong> <strong>Systems</strong> <strong>Market</strong> Taxonomy<br />
The computerized physician order entry systems market can be segmented on the basis of type of<br />
system, mode of delivery, component <strong>and</strong> end users as follows:<br />
Type of System : Integrated, St<strong>and</strong>alone.<br />
Mode of Delivery : Cloud, On-premise, Web-based.<br />
Component : Software, Hardware, Services.<br />
End User : Hospitals, Clinics <strong>and</strong> nursing homes, Home health agencies.<br />
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