TMCnet News
Global Computerized Physician Order Entry (CPOE) Systems Market Will Hit US $1,481.7 Million by 2020 - Persistence Market Research(ReleaseWire Via Acquire Media NewsEdge) Persistence Market Research Say “Global Market Study on Computerized Physician Order Entry Systems - Software to Witness Highest Growth by 2020” the global computerized physician order entry systems market is valued at USD 999.4 million in 2014 and is expected to grow at a CAGR of 6.8% from 2014 to 2020, to reach an estimated value of USD 1,481.7 million in 2020.New York, NY -- (ReleaseWire) -- 10/14/2014 -- A computerized physician order entry (CPOE) system is a healthcare information system which captures, stores, manages and transmits medical practitioner’s instructions electronically, for the treatment of patients. Globally, computerized physician order entry systems market is witnessing significant growth due to need for integrated healthcare systems in healthcare industry. Incidence of medication errors are increasing in different regions in the world. It has resulted in an increase in uses of CPOE systems alerts such as drug dosage support and clinical decision support. Increasing demand for better healthcare facilities from rapidly growing aging population and rising prevalence of diseases such as cancer, diabetes and heart diseases. Browse the full Global Market Study on Computerized Physician Order Entry Systems - Software to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/cpoe-market.asp Government initiatives and rise in investments from healthcare IT players has increased the adoption of computerized physician order entry systems. However, lack of experienced professionals, interoperability issues, cost and time consuming installation process and lack of commitment and interest from physicians are inhibiting the growth of computerized physician order entry systems market. The global computerized physician order entry systems market is estimated at USD 999.4 million in 2014. It is likely to grow at a CAGR of 6.8% from 2014 to 2020 to reach USD 1,481.7 million in 2020. North America has the largest market for computerized physician order entry systems. This is due to government pressure for implementation of CPOE in healthcare facilities for reducing drug errors and high incidence of chronic diseases in this region. In Europe, healthcare spending in IT is increasing which expected to witness moderate growth in the region. In December 2012, the European Commission passed “2012-2020 eHealth Action Plan” which focused on the use of modern devices and technologies to promote personalized medicines in Europe. However, Asia has become one of the fastest-growing markets for computerized physician order entry systems market. Increase in aging population and increase in incident rates of various chronic diseases such as diabetes, heart disease, stroke, obesity, cancer and arthritis in various countries including Japan, China and India are expected to provide abundant opportunities to computerized physician order entry systems market. McKesson Corporation is one of the leading players in the computerized physician order entry systems market. Some of the other major players of computerized physician order entry systems market include Allscripts, GE Healthcare, Cerner Corporation, Siemens Healthcare, Epic Systems Corporation, Athenahealth, Inc., Carestream Health, Inc, NextGen Healthcare Information Systems, LLC and MEDITECH. Latest Industry Press Releases: http://www.persistencemarketresearch.com/media-releases.asp The global computerized physician order entry systems market is segmented as follows: Computerized Physician Order Entry Systems Market, By Delivery mode Web Based CPOE On-Premise CPOE Cloud Based CPOE Computerized Physician Order Entry Systems Market, By Components Software Hardware Services Computerized Physician Order Entry Systems Market, By End User Hospital CPOE Pharmacy CPOE Laboratory CPOE Computerized Physician Order Entry Systems Market, By Geography North America U.S. Europe U.K. Germany France Asia Japan China Rest of the World (RoW) About Persistence Market Research Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.For more information on this press release visit: http://www.releasewire.com/press-releases/global-computerized-physician-order-entry-cpoe-systems-market-will-hit-us-14817-million-by-2020-persistence-market-research-553442.htmMedia Relations ContactGlen HareMarketing HeadPersistence Market ResearchTelephone: 646-568-7751Email: Click to Email Glen HareWeb: http://www.persistencemarketresearch.com/market-research/cpoe-market.asp |