Press release
Medication Errors Drive Growth In Computerized Physician Order Entry Market: Major Factor in the Transformation of the Computerized Physician Order Entry Market in 2025
How Will the Computerized Physician Order Entry Market Grow, and What Is the Projected Market Size?
There has been a substantial growth in the computerized physician order entry market size in the past few years. The market which was valued at $2.08 billion in 2024 is expected to reach $2.27 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.5%. This surge during the historical period can be linked to the rising adoption of electronic health records (EHR) systems, governmental strategies and incentives aimed at digitizing healthcare, heightened focus on minimising medication errors and enhancing patient safety, escalating requirement for effective and precise order management in healthcare institutions, and an increased demand for improved healthcare workflow and operational efficiency.
The market size of the computerized physician order entry is predicted to experience significant growth in the upcoming years, reaching $3.23 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to the projected growth during the forecast period includes the consistent development of value-based care models and accountable care organizations, advancements in personalized medicine and precision healthcare initiatives, the broadening of interoperability standards and systems within health IT, the increased emphasis on patient-centric care and engagement solutions, as well as ongoing investments in cybersecurity measures to safeguard healthcare data. Major trends expected during this period encompass the incorporation of artificial intelligence, the adoption of cloud-based CPOE solutions, the deployment of machine learning algorithms, enhancements in mobile and remote access facilities for physicians, increased attention to cybersecurity measures, and the evolution of sophisticated user interfaces and voice recognition technology.
What Key Elements Are Boosting Growth in the Computerized Physician Order Entry Market?
The escalation in medication error incidents are anticipated to accelerate the expansion of the computerized physician order entry market. Such mistakes, made during the prescription, dispensing, or administration of drugs, can lead to harm to the patient. These frequent errors may be attributed to miscommunication amongst healthcare practitioners, incorrect dosage assessments, similar drug names, and insufficient patient data. The Computerized physician order entry (CPOE) system mitigates the risk of such errors due to its automated checks, alerts, accurate drug prescription capabilities and reducing manual entry errors. For example, in September 2022, the World Health Organization, based in Switzerland, reported that medication errors accounted for $2.16 billion, or 3% of total national health expenses in one country. Moreover, 237 million medication errors are reported annually, with the potential for 66 million to have clinical significance. The government is estimated to bear $106.24 million annually due to avoidable adverse reactions to medication. Hence, the surge in medication error incidents is fueling the progress of the computerized physician order entry market.
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Who Are the Major Industry Players Fueling Computerized Physician Order Entry Market Expansion?
Major companies operating in the computerized physician order entry market are UnitedHealth Group, McKesson Corporation, Kaiser Permanente, International Business Machines Corp (IBM), Siemens Healthineers, Philips Healthcare Inc., GE HealthCare Technologies Inc., Epic Systems Corporation, Athenahealth Inc., eClinicalWorks LLC, Allscripts Healthcare Solutions Inc., NextGen Healthcare, Medical Information Technology Inc. (Meditech), Computer Programs and Systems Inc., Greenway Health LLC, CareCloud Inc., Medhost, Picis Clinical Solutions, CliniComp International Inc., Zynx Health Inc.
Which Key Developments Are Influencing the Computerized Physician Order Entry Market?
Major players in the computerized physician order entry market are employing strategic partnerships to advance and develop cloud and wireless technologies suited for handling large workloads. These strategic partnerships involve companies utilizing each other's strengths and resources for mutual benefits and success. For example, in August 2023, Epic Systems Corporation, a healthcare software company based in the US, teamed up with technology giant Microsoft Corporation. Together, they delivered a cloud-based solution for electronic health records (EHR) that substantially improved the effectiveness of computerized physician order entry (CPOE) systems. Integrating Epic's EHR with Microsoft Azure enables healthcare providers to efficiently manage hefty EHR database loads, providing immediate access to patient information and boosting clinical workflows.
How Is the Segmentation of the Computerized Physician Order Entry Market Defined?
The computerized physician order entrymarket covered in this report is segmented -
1) By Type: Standalone Computerized Physician Order Entry (CPOE), Integrated Computerized Physician Order Entry (CPOE)
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
Subsegments:
1) By Standalone Computerized Physician Order Entry (CPOE): Single-Function CPOE Systems, Specialty-Specific Standalone CPOE Solutions, Customizable Standalone CPOE Applications
2) By Integrated Computerized Physician Order Entry (CPOE): Fully Integrated EHR (Electronic Health Record) CPOE Systems, CPOE with Decision Support Systems (DSS), Integrated CPOE with Laboratory and Pharmacy Management Systems, Comprehensive Healthcare Management Systems With CPOE Functionality
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/computerized-physician-order-entry-global-market-report
What Is the Leading Region in the Computerized Physician Order Entry Market?
North America was the largest region in the computerized physician order entry market in 2024. 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.
What Is Covered In The Computerized Physician Order Entry Global Market Report?
- Market Size Analysis: Analyze the Computerized Physician Order Entry Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Computerized Physician Order Entry Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Computerized Physician Order Entry Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Computerized Physician Order Entry Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19380
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
There has been a substantial growth in the computerized physician order entry market size in the past few years. The market which was valued at $2.08 billion in 2024 is expected to reach $2.27 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.5%. This surge during the historical period can be linked to the rising adoption of electronic health records (EHR) systems, governmental strategies and incentives aimed at digitizing healthcare, heightened focus on minimising medication errors and enhancing patient safety, escalating requirement for effective and precise order management in healthcare institutions, and an increased demand for improved healthcare workflow and operational efficiency.
The market size of the computerized physician order entry is predicted to experience significant growth in the upcoming years, reaching $3.23 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to the projected growth during the forecast period includes the consistent development of value-based care models and accountable care organizations, advancements in personalized medicine and precision healthcare initiatives, the broadening of interoperability standards and systems within health IT, the increased emphasis on patient-centric care and engagement solutions, as well as ongoing investments in cybersecurity measures to safeguard healthcare data. Major trends expected during this period encompass the incorporation of artificial intelligence, the adoption of cloud-based CPOE solutions, the deployment of machine learning algorithms, enhancements in mobile and remote access facilities for physicians, increased attention to cybersecurity measures, and the evolution of sophisticated user interfaces and voice recognition technology.
What Key Elements Are Boosting Growth in the Computerized Physician Order Entry Market?
The escalation in medication error incidents are anticipated to accelerate the expansion of the computerized physician order entry market. Such mistakes, made during the prescription, dispensing, or administration of drugs, can lead to harm to the patient. These frequent errors may be attributed to miscommunication amongst healthcare practitioners, incorrect dosage assessments, similar drug names, and insufficient patient data. The Computerized physician order entry (CPOE) system mitigates the risk of such errors due to its automated checks, alerts, accurate drug prescription capabilities and reducing manual entry errors. For example, in September 2022, the World Health Organization, based in Switzerland, reported that medication errors accounted for $2.16 billion, or 3% of total national health expenses in one country. Moreover, 237 million medication errors are reported annually, with the potential for 66 million to have clinical significance. The government is estimated to bear $106.24 million annually due to avoidable adverse reactions to medication. Hence, the surge in medication error incidents is fueling the progress of the computerized physician order entry market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19380&type=smp
Who Are the Major Industry Players Fueling Computerized Physician Order Entry Market Expansion?
Major companies operating in the computerized physician order entry market are UnitedHealth Group, McKesson Corporation, Kaiser Permanente, International Business Machines Corp (IBM), Siemens Healthineers, Philips Healthcare Inc., GE HealthCare Technologies Inc., Epic Systems Corporation, Athenahealth Inc., eClinicalWorks LLC, Allscripts Healthcare Solutions Inc., NextGen Healthcare, Medical Information Technology Inc. (Meditech), Computer Programs and Systems Inc., Greenway Health LLC, CareCloud Inc., Medhost, Picis Clinical Solutions, CliniComp International Inc., Zynx Health Inc.
Which Key Developments Are Influencing the Computerized Physician Order Entry Market?
Major players in the computerized physician order entry market are employing strategic partnerships to advance and develop cloud and wireless technologies suited for handling large workloads. These strategic partnerships involve companies utilizing each other's strengths and resources for mutual benefits and success. For example, in August 2023, Epic Systems Corporation, a healthcare software company based in the US, teamed up with technology giant Microsoft Corporation. Together, they delivered a cloud-based solution for electronic health records (EHR) that substantially improved the effectiveness of computerized physician order entry (CPOE) systems. Integrating Epic's EHR with Microsoft Azure enables healthcare providers to efficiently manage hefty EHR database loads, providing immediate access to patient information and boosting clinical workflows.
How Is the Segmentation of the Computerized Physician Order Entry Market Defined?
The computerized physician order entrymarket covered in this report is segmented -
1) By Type: Standalone Computerized Physician Order Entry (CPOE), Integrated Computerized Physician Order Entry (CPOE)
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
Subsegments:
1) By Standalone Computerized Physician Order Entry (CPOE): Single-Function CPOE Systems, Specialty-Specific Standalone CPOE Solutions, Customizable Standalone CPOE Applications
2) By Integrated Computerized Physician Order Entry (CPOE): Fully Integrated EHR (Electronic Health Record) CPOE Systems, CPOE with Decision Support Systems (DSS), Integrated CPOE with Laboratory and Pharmacy Management Systems, Comprehensive Healthcare Management Systems With CPOE Functionality
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/computerized-physician-order-entry-global-market-report
What Is the Leading Region in the Computerized Physician Order Entry Market?
North America was the largest region in the computerized physician order entry market in 2024. 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.
What Is Covered In The Computerized Physician Order Entry Global Market Report?
- Market Size Analysis: Analyze the Computerized Physician Order Entry Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Computerized Physician Order Entry Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Computerized Physician Order Entry Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Computerized Physician Order Entry Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19380
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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