Computerized Physician Order Entry Systems Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Computerized Physician Order Entry Systems Market Is Segmented By Delivery Mode (Web-Based, Cloud-Based, On-Premise), By Components (Software, Hardware, Services), By End-User (Hospitals, Pharmacy, Laboratory), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Report Overview

180 pages report analyses the Computerized Physician Order Entry Systems Market Share, Trends and Analysis. Computerized Physician Order Entry Systems Market size is estimated to reach at a high CAGR during the forecast period 2023-2030.

Computerized provider order entry (CPOE) is the process by which providers enter and send treatment instructions such as medication, laboratory, and radiology orders using a computer application rather than paper, fax, or phone. North America region has been identified as one of the largest markets for global CPOE Systems due to increasing investments from key players in developing these software. Competitive rivalry intensifies with McKesson Corporation, Allscripts, GE Healthcare and others operating in the market.

Computerized Physician Order Entry Systems Market Scope

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Computerized Physician Order Entry Systems Market Dynamics

The growing demand for integrated healthcare is one of the primary drivers of the computerized physician order entry systems market.

The demand for integrated healthcare is expected to drive the computerized physician order entry systems market

Computerized physician order entry, also known as computerized provider order entry or computerized practitioner order entry, is the process by which a professional medical enters and sends medication orders and treatment instructions electronically rather than on paper charts. Computerized provider order entry (CPOE) systems have been identified as extremely valuable tools for improving the efficiency and effectiveness of medical work.  However, their ability to alter workflow and the implications for patient safety have pushed the concept of workflow to the forefront of CPOE implementation.  As a result, one of the most critical implementation considerations has been identified as the integration of CPOE systems into clinical workflow.

This helpful format reduces errors caused by illegible handwriting or transcription of medication orders. There are several advantages of using CPOEs instead of traditional paper charts. By reducing or eliminating medication errors, CPOE can improve patient safety. CPOE can improve efficiency when submitting medication, lab, and radiology orders to their respective departments or facilities by allowing healthcare providers to transmit orders electronically quickly.

CPOE can also help speed up reimbursements by flagging orders that may need preapproval from insurance companies, lowering the return on initially denied insurance claims. When combined with clinical decision support systems (CDSSes) and electronic health records (EHRs), CPOE improves patient safety and care efficiency even further. Hence, the demand for such an integrated system is expected to drive market growth.

The problems associated with CPOE (computerized physician order entry systems) is expected to hamper the market growth

The efficiency with which clinical and pharmacy staff use CPOE is directly related to its effectiveness. Errors previously associated with poorly written clinical notes, a scourge of paper-based charting can now be manifested if clinicians enter information incorrectly into a CPOE system. For example, there is a chance that a user will enter orders for the wrong patient or assign incorrect dosages. These entry risks can be exacerbated by multitasking. Users must also learn how to use new systems. Training on how to use CPOE systems, soliciting user feedback, and emphasizing the system's benefits are ways to reduce these errors.

A common laboratory issue that a medical professional may face when using CPOE with Laboratory health IT systems is alert fatigue. Alert fatigue occurs when a user is subjected to an excessive number of frequent alerts, such as visual messages or audible warnings, and becomes desensitized to them as a result. Ignoring periodic alert messages embedded in software applications and clicking on prompts automatically can have unintended consequences associated with potential medication errors or adverse severe advents.

COVID-19 Impact On Computerized Physician Order Entry Systems Market

The Covid-19 pandemic created many acute challenges for healthcare delivery organizations, such as insufficient capacity, supply shortages, the need for care redesign, and financial loss. According to complexity science, health care delivery organizations are viewed as complex adaptive systems that operate in highly complex and unpredictable environments. The viewpoint holds that much of organizational life is unknown, uncertain, or unpredictable and thus cannot be standardized or controlled. Due to a lot of chaos during this time, the global computerized physician order entry systems market was also impacted.

Computerized Physician Order Entry Systems Market Segment Analysis

Web-based delivery mode is expected to dominate the global computerized physician order entry systems market

Web-based CPOE helps avoid problems associated with legacy systems, such as inflexibility, long lead times, and high costs. Furthermore, web-based CPOE enables user-interface designs based on standard browser technology and the flexibility of using a variety of input devices. Public health workers require EHRs that provide them with strong security, real-time data access, trouble-free IT, and the data agility they require in the future. Web-based EHRs not only save staff time, but they also save health departments money on IT costs. The market's high demand for web-based services is influenced by the increasing penetration of internet services and augmented digital literacy.

According to a research project carried out to create a web-based CPOE, it avoided problems associated with legacy systems, such as inflexibility, long lead times, and high costs. Furthermore, web-based CPOE enables the use of user-interface designs based on standard browser technology and the flexibility of using a variety of input devices. The web-based CPOE system met all of the original requirements and has proven to be a stable yet adaptable development environment.

Computerized Physician Order Entry Systems Market Geographical Share

North America region accounted for the largest market share in the global computerized physician order entry systems market

The rising prevalence of chronic and lifestyle-related diseases, increased adoption of advanced technology, and growing demand for integrated healthcare drive growth in the North American computerized physician order entry system market.

North America region has been identified as one of the largest markets for global CPOE Systems due to increasing investments from key players in developing these software and government initiatives in the region, such as the HITECH Act (Health Information Technology for Economic and Clinical Health). There is also an increasing rate of adoption and usage of new healthcare software, propelling the market growth

Computerized Physician Order Entry Systems Companies and Competitive Landscape

Computerized Physician Order Entry Market is highly competitive with the increasing demand for these devices and key companies investing in technologically advanced products in their product portfolio across the globe. Some of the major key players in the global computerized physician order entry systems market are McKesson Corporation, Allscripts, GE Healthcare, Cerner Corporation, Siemens Healthcare, Epic Systems Corporation, Athenahealth, Inc., NextGen Healthcare Information Systems, LLC, Complete HealthCare Solutions, Inc., and Meditech.

Allscripts

Overview: Allscripts Healthcare Solutions, Inc. is a publicly-traded American company that provides practice management and electronic health record technology to physicians, hospitals, and Laboratory healthcare providers. It was founded in 1986.

Product Portfolio: The company provides EMRs, dbMotion, and Allscripts FollowMyHealth.

Key Development:On October 02, 2017, Allscripts acquired McKesson Corporation's hospital and health system. The company's IT business, known as the Enterprise Information Solutions (EIS) business. Allscripts' client base in hospitals and health systems in the United States has grown significantly due to the transaction, as has its solution portfolio.