Computerized Physician Order Entry (CPOE) Market, By Type (Integrated and Standalone), by Component (Hardware, Software and Services), by Delivery Mode (On-Premises, Web based and Cloud based), by End-Use and Geography (NA, EU, APAC, and RoW)-Analysis, Share, Trends, Size, & Forecast From 2014-2025

  Report ID: WMR - 340679     Pages:168     Format: Electronic PDF   Published: Oct-2019
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REPORT HIGHLIGHT

The computerized physician order entry market was valued at USD 1.29 billion by 2017, growing with 6.8% CAGR during the forecast period, 2018-2025.

Market Dynamics

Computerized Physician Order Entry (CPOE) is a system that requires a medical practitioners data to be made digital/ online for improving transparency and efficiency. Over the years, the practice of writing medical findings, prescriptions by hand possibly in non-legible handwriting could be the caused mishaps. An article published by the National Center for Biotechnology Information (NCBI) stated that errors of fault dosages, risk of potentially using incorrect of harmful medication is very high owing to handwritten prescriptions. Computerized physician order entry could drastically reduce such errors caused due to manual methods.

One significant growth factor in this market is the technology advancements coupled with favourable government initiatives to reduce medication errors. Most government organizations across the world are switching to a computerized data entry method which could potentially save a number of lives. The World Health Organization (WHO) during its 58th World Health Assembly promoted CPOE as one of the interventions to increase patient safety. One of the market restraints is that long term duration it may take to implement this system fully.

Type Takeaway

There are two main types of CPOE that have been identified, standalone and integrated. Integrated system dominates the market, in terms of revenue share. The integrated system involves a complete change in the data entry system across all departments of the hospital. Right from the admin up to case history of complicated procedures.

Integrated system is becoming a popular option among the end-users as it would effectively turn around the entire bookkeeping in a hospital, thus, increasing the efficiencies multi-fold. The software will be connected across the hospital reception, pharmacy, case history, doctors suggestions, etc. A complete 360 degree view on each case can be easily found on integrated CPOE systems. Standalone systems are singular departments digitalizing their data, this is more uncommon than the integrated system.

Component Takeaway

Component segment is categorized into hardware, software, and services. Services category was of maximum significance, accounting for the highest revenue share. The outsourcing of this data included saving time, money and training staff constantly. When services are outsourced, it is done so to companies that are already effectively managing a similar profile. Hardware is the second highest market in terms of revenue, this can be attributed to the costs involved with setting the infrastructure that promotes conducive growth of CPOE. Some of the costs involved in this category include the high pricing of high-speed internet, computer systems and overall change in infrastructure facilities.

Delivery Mode Takeaway

The three major categories within the delivery modes include, on premises, cloud-based and web-based. The highest market share here is held by web-based services, this is because exposure to internet services is already widespread. A high level of digital food print has allowed this segment to the largest among all. However in terms, if expected boost in growth, cloud-based systems will do well. The advantages offered by cloud-based systems will outweigh other probable options.

End-Use Takeaway

The major categories in the end use segments are Hospitals, ambulatory centres, physicians office, and emergency healthcare services. Due to the direct correlation between doctors, medical practitioners, and data scientists, hospitals hold the maximum revenue share. In case of emergency, healthcare services demands CPOE technology due to a quicker turnaround time that is expected in such cases, supporting the segment growth.

Regional Takeaway

North America dominates the industry owing to its accessibility to advanced systems such as CPOE. An overall advantage in terms of health care services, disposable income and general initiatives to improve the health care systems uplift the regional growth. On the other side, the Asia Pacific is deemed to grow on a larger scale due to its growing economies and a general increase in the need for technological advancements in the medical sectors. These factors coupled with government policies and a huge population base will increase the chances of growth for this region.

Key Vendor Takeaway

Major companies involved in CPOE include Cerner, Athenahealth, Allscripts Healthcare, McKesson Corporation, Siemens Healthcare, IBM Corporation, OptumHealth, Verisk Analytics, Oracle Corporation and Philips Healthcare. Among which, it is analysed that Cerner Corporation accounted for the significant revenue share, occupied over 12% of the healthcare CPOE revenue. Key players are actively engaged in new product developments, strategic mergers & acquisitions and collaboration with government authorities to increase their market presence.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year-2014 & 2016
Base Year-2017
Estimated Year-2018
Projected Year-2025
TARGET AUDIENCE

Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPE

Integrated
Standalone
MARKET, BY COMPONENT

Hardware
Software
Services
MARKET, BY DELIVERY MODE

On Premises
Web-based
Cloud Based
BY END USE

Hospitals
Ambulatory Centers
Physician Office
Emergency Healthcare services
MARKET, BY REGION

North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America

Geographical Analysis- Global Market Regional Analysis

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What is the Report key Matric point?

Report Metric

Details

Market Study Available for Years

2017–2030 Customize as per Requirement

Base year Considered

2020 Customize as per Requirement

Historical Period

2017- 2019

Forecast Period

2021–2030 Customize as per Requirement

Forecast Units

Value (USD Million, Billion) As per Market

Segments Covered

Type, Application, and Region- Customize as per Requirement

Geographies Covered

North America, Europe, Asia Pacific, Latin America, Middle East Africa and RoW- Customize as per Requirement

TABLE OF CONTENT

1. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Component
2.1.3. Market Snippet by Delivery Mode
2.1.4. Market Snippet by End Use
2.1.5. Market Snippet by Region
2.2. Competitive Insights
3. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) INDUSTRY STUDY
4.1. Porters Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key Manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET-BY TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Type, 2017 & 2025 (%)
6.2. Integrated
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
6.3. Standalone
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
7. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET-BY COMPONENT
7.1. Overview
7.1.1. Segment Share Analysis, By Component, 2017 & 2025 (%)
7.2. Hardware
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
7.3. Software
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
7.4. Services
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
8. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET-BY DELIVERY MODE
8.1. Overview
8.1.1. Segment Share Analysis, By Component, 2017 & 2025 (%)
8.2. On Premises
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
8.3. Web-based
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
8.4. Cloud Based
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
9. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET-BY END USE
9.1. Overview
9.1.1. Segment Share Analysis, By Component, 2017 & 2025 (%)
9.2. Hospitals
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
9.3. Ambulatory Centres
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
9.4. Physician Office
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
9.5. Emergency Healthcare Services
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10. COMPUTERIZED PHYSICIAN ORDER ENTRY (CPOE) MARKET BY GEOGRAPHY
10.1. Introduction
10.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
10.2. North America
10.2.1. Overview
10.2.2. Key Manufacturers in North America
10.2.3. North America Market Component and Forecast, By Country, 2014-2025 (US$ Million)
10.2.4. North America Market Component and Forecast, By Type, 2014-2025 (US$ Million)
10.2.5. North America Market Component and Forecast, By Component, 2014-2025 (US$ Million)
10.2.6. North America Market Component and Forecast, By Delivery Mode, 2014-2025 (US$ Million)
10.2.7. North America Market Component and Forecast, By End Use, 2014-2025 (US$ Million)
10.2.8. U.S.
10.2.8.1. Overview
10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.2.9. Canada
10.2.9.1. Overview
10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.3. Europe
10.3.1. Overview
10.3.2. Key Manufacturers in Europe
10.3.3. Europe Market Component and Forecast, By Country, 2014-2025 (US$ Million)
10.3.4. Europe Market Component and Forecast, By Type, 2014-2025 (US$ Million)
10.3.5. Europe Market Component and Forecast, By Component, 2014-2025 (US$ Million)
10.3.6. Europe Market Component and Forecast, By Delivery Mode, 2014-2025 (US$ Million)
10.3.7. Europe Market Component and Forecast, By End Use, 2014-2025 (US$ Million)
10.3.8. France
10.3.8.1. Overview
10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.3.9. Germany
10.3.9.1. Overview
10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.3.10. Rest of Europe
10.3.10.1. Overview
10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.4. Asia Pacific (APAC)
10.4.1. Overview
10.4.2. Key Manufacturers in Asia Pacific
10.4.3. Asia Pacific Market Component and Forecast, By Country, 2014-2025 (US$ Million)
10.4.4. Asia Pacific Market Component and Forecast, By Type, 2014-2025 (US$ Million)
10.4.5. Asia Pacific Market Component and Forecast, By Component, 2014-2025 (US$ Million)
10.4.6. Asia Pacific Market Component and Forecast, By Delivery Mode, 2014-2025 (US$ Million)
10.4.7. Asia Pacific Market Component and Forecast, By End Use, 2014-2025 (US$ Million)
10.4.8. China
10.4.8.1. Overview
10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.4.9. India
10.4.9.1. Overview
10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.4.10. Rest of APAC
10.4.10.1. Overview
10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.5. Rest of the World
10.5.1. Overview
10.5.2. Key Manufacturers in Rest of the World
10.5.3. Rest of the World Market Component and Forecast, By Country, 2014-2025 (US$ Million)
10.5.4. Rest of the World Market Component and Forecast, By Type, 2014-2025 (US$ Million)
10.5.5. Rest of the World Market Component and Forecast, By Component, 2014-2025 (US$ Million)
10.5.6. Rest of the World Market Component and Forecast, By Delivery Mode, 2014-2025 (US$ Million)
10.5.7. Rest of the World Market Component and Forecast, By End Use, 2014-2025 (US$ Million)
10.5.8. Latin America
10.5.8.1. Overview
10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
10.5.9. Middle East and Africa
10.5.9.1. Overview
10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014-2025, (US$ Million)
11. KEY VENDOR ANALYSIS
11.1. Cerner
11.1.1. Company Snapshot
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Athenahealth
11.3. Allscripts Healthcare
11.4. McKesson Corporation
11.5. Siemens Healthcare
11.6. IBM Corporation
11.7. OptumHealth
11.8. Verisk Analytics
11.9. Oracle Corporation
11.10. Philips Healthcare
12. 360 DEGREE ANALYSTVIEW
13. APPENDIX
13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us

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