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Computerized Physician Order Entry Systems Market Global Industry Analysis and Forecast to 2020 by Persistence Market Research

Persistence Market Research Released New Market Report on “Computerized Physician Order Entry Systems Market Global Industry Analysis and Forecast to 2020” in the category "Computerized Physician Order Entry Systems Market"

 

New York, NY -- (SBWIRE) -- 09/15/2014 -- Computerized physician order entry (CPOE) is a computerized process for entering medical practitioner’s instructions for the treatment of patients. With the help of CPOE system, a clinician can directly enter his medication orders into a computer system and transmit orders directly to the pharmacy. Use of CPOE systems reduces medication errors that results in improved healthcare services. CPOE systems help in reducing delay in order completion, allows order entry at the point of care, provides error checking for duplicate or wrong doses and reduces error related to handwriting. It also increases efficiency and effectiveness of medical work. CPOE system is also used along with e-prescribing systems; this helps physicians by getting timely alerts. It also improves healthcare quality and data collection of various patients and improves communication between various departments such as lab assistants, nurses, physicians and others.

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North America dominates the CPOE systems market. This is due to rising healthcare costs, technology advancement and rising government initiatives for use of healthcare information technology systems in the region. Europe is also witnessing high growth for CPOE systems market, due to higher adoption rate for various types of healthcare information systems such as CPOE, LIS and others. On the other hand, Asia-Pacific is witnessing moderate growth rate, due to high cost associated with healthcare information technology, low training and exposure of healthcare software.

Increasing popularity of healthcare information technology systems, rising government initiatives and extensive usage of CPOE systems by emergency healthcare service providers, hospitals, nurses and office based physicians for smooth and efficient workflow are some of the drivers responsible for growth of COPE systems market. Competition between private healthcare providers for more improved healthcare services also triggers the growth of CPOE systems market. On the other hand, high cost and extra installation time required for CPOE software and complexity of CPOE systems are inhibiting the growth of CPOE systems market. In addition, lack of trained professionals to operate CPOE systems is also retraining the market for CPOE systems.

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Increasing use of cloud based solutions and integration of CPOE systems with other computer applications, such as electronic health records, practice management tools and e-prescribing modules are opening new opportunities for the growth of CPOE systems market. However, restoring patient’s privacy and security for medical data and interoperability issues are some of the major challenges for CPOE systems market.

Some of the major companies operating in CPOE systems market are GE Healthcare, McKesson Corporation, Siemens Healthcare, Cerner Corporation, Zynx Health, Inc., Allscripts Healthcare Solutions, Inc. and Athenahealth.

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Key points covered in the report:-

1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)

2. The report covers geographic segmentation

North America
Europe
Asia
RoW

3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020

4. The report provides company profiles of some of the leading companies operating in the market

5. The report also provides porters five forces analysis of the market.

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http://www.persistencemarketresearch.com/forthcoming-reports.asp

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