2024-2033 Global Computerized Physician Order Entry Market Outlook: Projected Size and Growth Rate
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
Computerized Physician Order Entry Market Growth Forecast 2024-2033: What’s the Expected Rate?
The computerized physician order entry market has grown strongly in recent years. It will rise from $1.90 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. This growth is driven by the increasing adoption of electronic health records (EHR) systems, government initiatives for healthcare digitization, a focus on reducing medication errors, the need for efficient order management in healthcare facilities, and the demand for improved healthcare workflow and operational efficiency.
The computerized physician order entry market is forecasted to grow steadily, reaching $2.96 billion by 2028, at a CAGR of 9.3%. Growth drivers include the expansion of value-based care models, personalized medicine, health IT interoperability, patient-centered care, and cybersecurity investment. Trends include AI integration, cloud-based CPOE solutions, machine learning algorithms, remote access for physicians, and advanced user interfaces.
Claim Your Free Sample of the Global Computerized Physician Order Entry Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19380&type=smp
What Factors Are Impacting the Growth of the computerized physician order entry Market?
The growing number of medication errors is expected to accelerate the growth of the computerized physician order entry (CPOE) market. Medication errors are often caused by miscommunication, incorrect dosages, or inadequate patient information. CPOE systems help reduce errors by providing automated checks and alerts for accurate prescriptions. A September 2022 report by the World Health Organization revealed that medication errors cost a country $2.16 billion annually, with 237 million medication errors reported each year. This rising incidence of medication errors is fueling the growth of the CPOE market.
What Are the Fundamental Segments in the Computerized Physician Order Entry Market?
1) By Type: Standalone Computerized Physician Order Entry (CPOE1), Integrated Computerized Physician Order Entry (CPOE1)
2) By Component: Hardware, Software, Services
3) By Deployment: Web-Based, Cloud-Based, On-Premise
4) By End User: Pharmacies, Hospitals, Emergency Healthcare Service Providers, Office-Based Physicians, Other End Users
What Trends Are Shaping the New Direction of the 119 Market?
Companies in the computerized physician order entry (CPOE) market are forming strategic partnerships to develop wireless and cloud technologies for managing high-volume workloads. These collaborations allow companies to combine their strengths to deliver enhanced solutions. For example, in August 2023, Microsoft Corporation partnered with Epic Systems Corporation to provide a cloud-based electronic health record (EHR) solution that enhances CPOE systems. This partnership improves the efficiency of managing large EHR databases, facilitating real-time patient data access and optimizing clinical workflows.
Order Now for Fast Delivery of Your Computerized Physician Order Entry Market Report!
Which Regions Are Making a Mark in the Computerized Physician Order Entry Market Growth?
North America was the largest region in the computerized physician order entry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computerized physician order entry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Computerized Physician Order Entry Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the computerized physician order entry market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Computerized Physician Order Entry Market Include
1. Computerized Physician Order Entry Market Executive Summary
2. Computerized Physician Order Entry Market Segments
3. Computerized Physician Order Entry Market Size And Template Market Growth Rate
4. Key Computerized Physician Order Entry Market Trends
5. Major Computerized Physician Order Entry Market Drivers
……
25. Key Mergers And Acquisitions In The Computerized Physician Order Entry Market
26. Top Computerized Physician Order Entry Companies
27. Computerized Physician Order Entry Market Opportunities And Strategies
28. Computerized Physician Order Entry Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Physicians And Other Health Practitioners Global Market Report 2024
Computerized Maintenance Management System Global Market Report 2024
Automotive Keyless Entry System Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
