The European Computerized Physician Order Entry market is expected to grow driven by high return on investment with reduced errors - New Report by MicroMarket Monitor

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The European computerized physician order entry (CPOE) market is expected to reach $292 million by 2018 and is estimated to grow at a CAGR of 5.9% from 2013 to 2018.http://www.micromarketmonitor.com/market/europe-computerized-physician-order-entry-1923997724.html

MicroMarket Monitor

MicroMarket Monitor

Key Players in the European computerized physician order entry (CPOE) market are Allscripts,Athenahealth , Cerner Corporation ,Carestream Health Inc, eClinicalWorks LLC

The European computerized physician order entry (CPOE) market report defines and segments the concerned market in Europe with analysis and forecast of revenue. The computerized physician order entry (CPOE) market in Europe is expected to reach $292 million by 2018 and is estimated to grow at a CAGR of 5.9% from 2013 to 2018.

Browse through the TOC of the European computerized physician order entry (CPOE) market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of this market globally, and is supported by various tables and figures.

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Computerized physician order entry (CPOE) is a computer application designed to rectify errors, which occur at the time of medication. It is a process of electronic entry of medical prescription and instruction during treatment. The order entry is transmitted over a network to various departments within the hospital, including the pharmacy, laboratory, and radiology. The system reduces errors related to handwriting, provides order entry at point-of-care, decreases delay in order, and provides a check for incorrect/duplicate doses and thereby enhances process efficiency.

Computerized physician order entry system is extensively used by the emergency healthcare service providers, hospitals, nurses, and office based physicians. However, the adoption rate of CPOE is low due to the high up-front cost of implementation and annual maintenance cost. Thus, the overall cost depends on the nature of hospitals, existing clinical information system, and hospital infrastructure.

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In Europe, the healthcare spending in IT has accelerated, and therefore this sector is expected to witness moderate growth. 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. Furthermore, high return on investment (ROI) has fuelled the demand for computerized physician order entry system in Europe. Also, the growing need to reduce medication errors and rise in adoption of integrated EHR (Electronic Health Record) with CPOE, is likely to spur the growth in this market. However, the cost and time involved in the installation of the CPOE systems is a major factor to restrain the growth of this market.

European computerized physician order entry (CPOE) market is segmented on the basis of type, application, deployment, component and end-user. The computerized physician order entry (CPOE) market, by type, is segmented into integrated and standalone. The application is further segmented into clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. The market by deployment is categorized as on-premises, web-premises, and cloud-premises while market by component comprises of hardware, software, and services. On the basis of geography, the report analyzes major countries such as the U.K., France, Germany, Spain, and Italy. The market is also segmented and analyzed further on the basis of major end-users of these devices.

Early buyers will receive 10% customization on this report.

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This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies of the market.

Related Reports :

Global Hospital Information Systems Market

According to the National Center for Health Statistics, about 74,000 physicians have adopted EHR in 2006 and about 726,000 physicians will adopt it at an estimated rate of 23.1% by 2019.
The major drivers of the HIS market include the increasing demand for analytical IT solutions that help in point-of-care decision making. The implementation of such solutions has resulted in reduction of cost and improvement in the quality of care provided. Other factors responsible for the growth of the market are increasing incidence of cardiovascular diseases, which will trigger the need for diagnostic procedures that will drive the market.

http://www.micromarketmonitor.com/market-report/hospital-information-systems-reports-9475831025.html

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