Global Computerized Physician Order Entry Market: Overview
A system where physicians can directly place an order electronically and the orders are directly transmitted to the recipient is known as computerized physician order entry (CPOE). It can replace the digital transformation of physicians prescribing pattern. It is an electronic method of entering an order instead of paper charts. The main advantage of this system is to reduce errors during transcription. This system is designed to work similar to the paper chart. The computerized physician order entry system is used to in combination with e-prescribing systems so that healthcare professionals should be aware of current medications prescribed to the patient and drug allergies. Usually, this system is utilized for patient safety whereby minimizing medication orders. However, recent systems will allow electronic ordering of tests, consultations, and procedures.
Global Computerized Physician Order Entry Market: Growth Factors
Governments have taken initiative for the patient safety across the globe is anticipated to foster the global computerized physician order entry market growth. Additionally, this system may reduce the issues such as misinterpretation of the drug name, specification errors, problems with handwriting, and drug interactions. This is expected to drive the global market growth. Computerized physician order system will assist in quick transmission to the pharmacy, radiology department, and laboratory it will refer alternative treatments, which is safer at the lower cost. However, this system is costly and takes time for installation may hinder the global computerized physician order entry market growth.
Global Computerized Physician Order Entry Market: Segmentation
The global computerized physician order entry market is classified based on end-user as ambulatory surgical centers, hospitals, laboratories, clinics, and pharmacies. Based on deployment type, the global market is fragmented as web-based, cloud-based, and on premise. The global market is based on component type is segmented as hardware, software, and services. The global computerized physician order entry market is categorized as integrated CPOE and standalone CPOE.
Global Computerized Physician Order Entry Market: Regional Analysis
The global computerized physician order entry market is segregated based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America contributed the largest market share due to government and is heavily adopting the computerized physician order entry system. In addition, rising awareness and availability of advanced healthcare infrastructure is anticipated to boost the global market growth. Asia Pacific is another region growing at a faster rate owing to government preferences for improved healthcare infrastructure. Europe has achieved moderate growth due to current statutory necessities by the European Commission’s eHealth Action Plan.
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Global Computerized Physician Order Entry Market: Competitive Players
Major players in the global computerized physician order entry market are Philips Healthcare and Cerner Corporation, Athenahealth, Inc., GE healthcare, Medical Information Technology, Inc., eClinicalWorks LLC, Carestream Health, Siemens Healthcare, and Allscripts.