Computerized Physician Order Entry Market Size, Share & Trends Analysis Report By Type, By Component (Software, Hardware, Services), By Delivery Mode, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Computerized Physician Order Entry Market Size, Share & Trends Analysis Report By Type, By Component (Software, Hardware, Services), By Delivery Mode, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Computerized Physician Order Entry Market Growth & Trends

The global computerized physician order entry market size is expected to reach USD 2.97 billion in 2030 and is projected to grow at a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Government and other independent healthcare organizations are striving to streamline care delivery process with the prime objectives of bringing automation, reducing errors, and bringing an overall reduction in clinical decision time especially in the developed economies. CPOE provides a viable platform to support aforementioned objectives. Hence, promotion by government agencies as well as healthcare organizations is spurring the growth of the CPOE market. In addition, increasing incidence of medication errors, caused by poor legibility, communication, and patient misuse, favor the implementation of CPOE. Furthermore, consistent influx of technologically advanced systems such as integrated CPOE with added benefits such as inventory management and easy documentation, act as a vital driver of CPOE market growth.

Computerized Physician Order Entry Market Report Highlights

• The computerized physician order entry (CPOE) services sub-segment dominated the component segment in 2023. Enhanced outsourcing of several services coupled with increasing involvement of the professional skills contributed to their growth as compared to CPOE hardware and software sub-segments. Moreover, outsourcing renders increased process efficiency along with development of core competencies and reduced costs.
• Integrated CPOE systems held a substantial share of more than 72.5% in 2023. Also, this segment is projected to witness lucrative growth over the forecast period, which can be attributed to their competent connectivity across various functionalities such as nursing, pharmacy, and procurement.
• Web-based deployment delivery mode segment witnessed highest demand in 2023, increasing penetration of internet services and augmented digital literacy contributed to emergent demand for these services.
• On the other hand, cloud-based delivery systems are anticipated to gain substantial market share over the forecast period. These systems are facilitated with features such as remote data access and data security which render a competitive edge over other systems.
• Hospitals led the end-use segment and are also expected to witness lucrative growth in the next 8 years. Greater volume of patients as compared to other end users is the prime factor responsible for high preference of hospitals thereby driving the market growth.
• Asia Pacific is projected to grow with a sturdy rate over the forecast period. Large target population base coupled with increasing preference for advanced technological platforms and high unmet needs present market players with the opportunity to invest in this region.
• Some of the key players in this market include CliniComp; Veradigm LLC, GE HealthCare, MCKESSON CORPORATION, Analytix, OptumHealth, and Verisk. The notable initiatives in the industry include new product launches, collaboration with government bodies, and investments in R&D.

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