Computerized Physician Order Entry (CPOE) System Market

Computerized Physician Order Entry (CPOE) System Market Outlook (2024 to 2034)

Revenue from the global computerized physician order entry (CPOE) system market is estimated at US$ 1.92 billion in 2024. It has been forecasted to increase at a CAGR of 6.6% to reach US$ 3.64 billion by the end of 2034.

Computerized physician order entry aids medical professionals in submitting prescription orders into a computer system in an ambulatory or inpatient setting. CPOE, which enables users to electronically define referrals, radiography, prescription orders, admission procedures, and other parameters, has gradually replaced older methods such as written, verbal, and fax.

The growth of the computerized physician order entry system market is due to the increasing need for clinics, hospitals, and laboratories to gather and transmit large volumes of patient data in an accurate and fast manner. Coordination of patient care service delivery is facilitated by the integration of CPOE systems with electronic health records (EHRs) and clinical decision support systems (CDSSs). This has largely contributed to the expansion of the computerized physician order entry system market size.

Demand for CPOE systems from the healthcare industry is projected to increase at a steady pace during the forecast period due to their integrated capacity to facilitate the provision of ongoing patient care throughout an illness. Utilizing computerized physician order input systems also offers the benefits of clinical decision support and drug dose assistance.

• One of the main factors propelling the CPOE system market is the growing requirement for integrated healthcare. Medication mistakes occur often, which emphasizes the necessity for an automated system to gather and manage patient data.

On top of that, the use of CPOE systems in conjunction with advanced healthcare infrastructure is being actively promoted by several governments around the world, which is projected to support computerized physician order entry system market growth.

The need for CPOE systems is driven primarily by the growing population and the incidence of chronic illnesses. Prominent healthcare IT businesses are expected to increase their investments, hastening their adoption.

Growing consumer awareness of the advantages of CPOE systems is fueling market growth. There is a rising need for effective healthcare delivery systems due to the growing global population and the incidence of chronic illnesses. Investments from top healthcare IT firms are quickening the implementation of CPOE systems even further.

Report Attribute	Detail
Computerized Physician Order Entry (CPOE) System Market Size (2024E)	US$ 1.92 Billion
Forecasted Market Value (2034F)	US$ 3.64 Billion
Global Market Growth Rate (2024 to 2034)	6.6% CAGR
Canada Market Growth Rate (2024 to 2034)	5.7% CAGR
China Market Value (2034F)	US$ 155 Million
North America Market Share (2024E)	50.8%
East Asia Market Share (2034F)	10.2%
Key Companies Profiled	Allscripts Healthcare LLC; Atheanahealth Inc.; Medical Information Technology Inc.; eClinicalWorks; Epic Systems Corporation; Carestream Health; Meditech LLC; CareCloud Inc.; First Databank Inc.

Which Factors are Driving Adoption of CPOE Systems Globally?

“Better Healthcare Infrastructure and Adoption of Lean Management Concepts Such as Six Sigma”

Market growth is projected to be aided by better healthcare infrastructure and a rise in medical facilities, especially in developed nations. CPOE systems offer a practical means of accomplishing important objectives, such as cutting down on mistakes made during the transcription and delivery phases.

Government initiatives aimed at developing and implementing cutting-edge healthcare information technology (IT) globally are a key computerized physician order entry system market trend.

• For example, the World Health Organization (WHO) encouraged member nations to adopt a variety of strategic activities to advance information technology, including CPOE, during the 58th World Health Assembly. A long-term deployment action plan and the endeavor to reach every community with vulnerable populations are two important strategic initiatives in this sector.

Over the coming years, industry expansion is forecast to be driven by increased promotional activities by global and local authorities, such as the World Health Organization (WHO), to offer various strategic actions for information technology adoption involving CPOE systems.

Medical system centralization is simplifying processes, which has several positive economic effects. The increasing use of lean management concepts, such as Six Sigma, through numerous regular activities, leading to optimal resource usage, is a significant prevailing trend that has been seen.

What Roadblocks are Weighing Down CPOE System Market Expansion?

“High Initial Investments and Lack of Qualified Technicians”

Physicians' lack of knowledge, costly and time-consuming installation costs, a shortage of experienced specialists, and interoperability problems are the main obstacles to the expansion of the computerized physician order entry business. The rate of market expansion is being somewhat hampered by the lack of qualified technicians. The market for computerized physician order entry systems is not as strong in rural regions since fewer individuals are aware of these systems there.

Country-wise Analysis

Companies around the world are enjoying huge profits due to globalization. Favorable government policies in the United States and China are contributing to the increased adoption of computerized physician order entry systems.

Why is the United States Government Prioritizing Deployment of CPOE and EHRs?

“Focus on Ensuring Standardization and Interoperability in Healthcare Information Systems”

Attribute	United States
Market Value (2024E)	US$ 891 Million
Growth Rate (2024 to 2034)	6.1% CAGR
Projected Value (2034F)	US$ 1.61 Billion

The United States government has enacted programs such as the Meaningful Use program and the HITECH Act to encourage healthcare practitioners to use CPOE and electronic health records (EHRs). The United States has advanced IT infrastructure and a thriving IT sector, which has enabled the creation and execution of sophisticated CPOE systems. The need for CPOE systems is being driven by the popular trend of digitizing healthcare operations across the country.

Why Has China Been Successful in Attracting More Market Players?

“Emphasis on Interoperability and Emergence of Digital Start-ups”

Attribute	China
Market Value (2024E)	US$ 76 Million
Growth Rate (2024 to 2034)	7.3% CAGR
Projected Value (2034F)	US$ 155 Million

CPOE solutions have become increasingly appealing across China as efforts are made to enhance interoperability among various healthcare IT systems. For CPOE system providers, China is a lucrative market due to its competitive hardware component manufacturing costs. China is leading the way in CPOE and associated technology innovation, backed by its thriving start-up scene and rising investments in digital health in the country.

Category-wise Evaluation

The market is divided into several segments with the most prominent ones including delivery mode, component, and end user. Among end users, the hospital segment is projected to hold a major share in the years to come.

Which Delivery Mode is Preferred by End Users in the Market?

“High Demand for Web-based CPOE Systems Due to Their Cost-effectiveness and Enhanced Accessibility”

Attribute	Web-based CPOE
Segment Value (2024E)	US$ 968.2 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 1.86 Billion

Web-based solutions offer flexibility and simplicity by enabling healthcare providers to access the CPOE system from any device with an internet connection. Compared to on-premises alternatives, these systems frequently demand a lower initial hardware and infrastructure investment. Strong data backup and security features are common in cloud-based systems, which can be especially enticing to smaller healthcare organizations. Because more people are using smartphones and tablets in healthcare settings, web-based solutions are usually built with mobility in mind.

What is Driving Widespread Adoption of CPOE Software?

“CPOE Software Ensuring Compliance with Evolving Regulatory Requirements through Updates”

Attribute	Software
Segment Value (2024E)	US$ 1.18 Billion
Growth Rate (2024 to 2034)	6.7% CAGR
Projected Value (2034F)	US$ 2.26 Billion

At the core of CPOE systems are software solutions that serve as the backbone, offering essential functionalities and user interfaces that healthcare professionals rely on daily. These software components require regular updates to ensure they remain secure against emerging threats, integrate new functionalities that enhance user experience and efficiency, comply with evolving legal and regulatory requirements such as HIPAA in the United States, and explore new avenues for generating revenue through enhanced service offerings or data analytics capabilities.

A key trend in the CPOE system market is the vast amount of data that is generated. These systems collect a wealth of information, as healthcare professionals can input orders and check patient records at will.

Market Developments

Key players in the computerized physician order entry system industry are focusing on launching advanced products to gain a stronger foothold in the market.

• In July 2022, AmerisourceBergen introduced DTxConnect, a fully integrated platform for ordering, dispensing, and fulfillment, to facilitate patient access to digital therapies and diagnostics requested by physicians.
• The purchase of Hillrom by Baxter International Inc. was finalized in December 2021. Using its combined experience in connectivity technologies and integration, digital health solutions, data visualization and analytics, treatment development, monitoring, and sensing, Baxter aims to build a connected system around the patient and their care team.

Fact.MR provides detailed information about the price points of key computerized physician order entry system manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Key Segments of CPOE System Market Research

• By Delivery Mode :

  • Web-based CPOE
  • On-premise CPOE
  • Cloud-based CPOE

• By Component :

  • Software
  • Hardware
  • Services

• By End User :

  • Hospitals
  • Pharmacies
  • Laboratories

• By Region :

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa