Top Regional Trends in the Global Computerized Physician Order Entry Systems Market

The healthcare industry is booming in both developing and developed economies. One of the fastest growing sectors of the healthcare industry is that of healthcare IT, which is worth billions. The computerized physician order entry systems sector in healthcare IT is expected to demonstrate healthy growth in the coming few years.

A research study from Persistence Market Research (PMR) states that the global computerized physician order entry systems market will grow at a 6.8% CAGR during the forecast period of 2014 to 2020. In 2014, the global computerized physician order entry systems market was estimated at US$999.4 million and is projected to be worth US$1,481.7 million by 2020.

Read Full Report: http://www.persistencemarketresearch.com/market-research/cpoe-market.asp

Component-wise, the global computerized physician order entry systems market is segmented into hardware, software, and services. Some of the top companies providing these components are McKesson Corporation, GE Healthcare, Allscripts, Siemens Healthcare, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare, and Athenahealth.

Computerized physician order entry (CPOE) systems capture, manage, store, and transmit a medical practitioner’s instructions digitally for treatment of patients. CPOE systems are popular because they meet the growing need for integrated systems in the healthcare industry. Furthermore, they reduce the incidence of errors and alert patients about their drug dosage and offer support in other clinical decisions as well. The integration of computerized physician order entry is rising around the world due to the following regional trends.

North America Computerized Physician Order (CPOE) Entry Systems Market

  • North America is currently the largest regional sector in the global computerized physician order entry systems market.

  • The North America computerized physician order entry systems market is driven by the elevated government support for implementation of CPOE systems in healthcare facilities to decrease drug errors and the high incidence of chronic disorders in this region.

  • The North America computerized physician order entry systems market in 2014 was worth US$589.7 million and will reach a value of US$870.3 million by 2020, at a 6.7% CAGR during the forecast period.

Europe Computerized Physician Order (CPOE) Entry Systems Market

  • Escalating spending in the healthcare IT sector is the key driver of the Europe computerized physician order entry systems market.

  • In 2012, the European Commission passed the eHealth Action Plan, which focuses on the use of innovative devices and technologies to promote customized medicines in this region. This plan is supporting the growth of this region’s computerized physician order entry systems market and other healthcare IT sectors to a great extent.

Asia Pacific Computerized Physician Order (CPOE) Entry Systems Market

  • Though North America leads the global computerized physician order entry systems market, it is Asia Pacific that will witness the fastest growth.

  • The Asia Pacific computerized physician order entry systems market benefits from the rising aging population.

  • This regional market also benefits from the accelerated incidence of chronic conditions such as cancer, heart diseases, diabetes, obesity, and stroke in several Asian countries such as China, India, and Japan. This trend provides ample opportunities for computerized physician order entry systems market players.

Emerging markets in developing countries, along with the rising demand for powerful healthcare IT systems in medical and diagnostics laboratories, will provide abundant opportunities for new entrants and established market players, further fueling the global computerized physician order entry systems market.

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