Computerized Physician Order Entry (CPOE) Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global market for Computerized Physician Order Entry (CPOE) systems is projected to achieve a significant growth, reaching up to US$ 2.9 billion by the end of 2031. This marks an impressive increase from US$ 1.8 billion in 2024, expanding at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period of 2024-2031.

Key Market Dynamics Driving Growth

The surge in the market is primarily driven by the escalating demand for integrated healthcare systems. This is further bolstered by the alarming rate of medication errors, underscoring the necessity for automated patient data collection and management systems. Government initiatives across the globe advocating for the adoption of CPOE systems, in conjunction with advanced healthcare infrastructures, are anticipated to propel market growth throughout the forecast period.

Additionally, the growing need for efficient and accurate exchange of extensive patient data among clinics, hospitals, and laboratories is fostering the demand for CPOE systems. The integration of these systems with Clinical Decision Support Systems (CDSS) and Electronic Health Records (EHRs) facilitates coordinated patient care delivery, acting as a pivotal advantage driving the demand.

Moreover, integrated CPOE systems are renowned for their capability to ensure continuous patient care throughout an illness, thereby augmenting demand from the healthcare sector. Benefits such as drug dosage support and clinical decision support are among the key advantages fueling the market's growth.

Awareness about the benefits of CPOE systems is on the rise, contributing to market expansion. The increasing global population and the prevalence of chronic diseases necessitate the demand for efficient healthcare delivery systems. Investments from leading healthcare IT companies are expected to further accelerate the adoption of CPOE systems.

Trends and Challenges

A notable trend in the market is the patient-centric approach, alongside the rising popularity of wireless and cloud technology, which is influencing market growth significantly. However, the healthcare delivery field faces challenges such as a shortage of experienced professionals, which could impede market growth. Additionally, the costly and time-consuming installation process, interoperability issues, lack of physician awareness, and reluctance to adopt new systems, particularly in developing regions, are potential obstacles to market expansion.

Segment Analysis

The global CPOE market is segmented based on delivery mode, components, and end-users. The delivery modes include web-based, on-premise, and cloud-based CPOE, with web-based CPOE representing the largest segment. In terms of components, the market is categorized into software, hardware, and services, with the component segment expected to generate significant revenues during the forecast period. End-users of CPOE systems comprise hospitals, pharmacies, and laboratories, with hospitals being the largest end-user segment. Notably, cloud-based CPOE is emerging as the fastest-growing mode of delivery, and laboratory CPOE as the fastest-growing end-user segment.

Key Market Players

Several prominent companies operate within the global computerized physician order entry systems market, such as McKesson Corporation, Allscripts, GE Healthcare, Cerner Corporation, Siemens Healthcare, Epic Systems Corporation, Athenahealth, Inc., Carestream Health, Inc, NextGen Healthcare Information Systems, LLC, and Meditech.

Segmentation Analysis

By Delivery Mode

• Web-Based CPOE
• On-Premise CPOE
• Cloud-Based CPOE

By Components

• Software
• Hardware
• Services

By End-User

• Hospital
• Pharmacy
• Laboratory

By Region

• North America
• Europe
• Asia

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