Market Size of Global Computerized Physician Order Entry (CPOE) Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Computerized Physician Order Entry Systems Market Analysis
The computerized Physician Order Entry (CPOE) Systems Market is poised to grow at a CAGR of 6% over the forecast period.
COVID-19 had a positive impact on the market studied. Owing to the rapid outbreak of disease, lockdown measures were followed across the globe and several restrictions were implemented on non-emergency hospital visits. This led to the increasing dependence of the general population on online consultation and treatment which contributed to the high utilization of tools such as Computerized Physician Order Entry systems. As per the article published in BioMed Central (BMC) Journal in April 2022, most hospitals across the European countries have started using the CPOE and EHR software at their facilities to avoid unnecessary visits to patients during the pandemic. Therefore, it is observed that the COVID-19 pandemic fueled market growth across the globe, and with the rising technology adoption in the healthcare sector, the market will witness strong growth shortly as well.
The computerized physician order entry (CPOE) systems market is expected to observe good growth due to government initiatives, increasing healthcare IT adoption, and increasing the quality of healthcare and patient-centered services.
There has been a rapid increase in the overall healthcare expenditure and the adoption of healthcare IT is increasing each year. The implementation and use of electronic health records (EHRs) and other health information technology (HIT) that has been shown to facilitate primary care practice transformation and this is helping in the adoption of IT systems and software in clinics and hospitals. There are also many research studies of individual medical practitioners that have demonstrated that primary care physicians, and particularly family physicians, are more likely than their colleagues to adopt and use HIT. Hence all these factors are increasing the healthcare IT adoption rate and also helping the CPOE market growth in the forecasted period as high adoption of IT in healthcare propels the demand for IT based tools used for ease of healthcare data access.
The patient-centric approach is a more pronounced trend in the market these days. In addition, the rising popularity of wireless and cloud technology is also influencing the market growth.
