Key Players in the North American Computerized Physician Order Entry (CPOE) Market are Allscripts (U.S.), Athenahealth (U.S.), Cerner Corporation (U.S.), Carestream Health Inc. (U.S.)
(PRWEB) November 18, 2014
The North American Computerized Physician Order Entry (CPOE) Market report defines and segments the concerned market in North America with analysis and forecast of revenue. This market is expected to reach $771.0 million in 2018 and is estimated to grow at a CAGR of 6.9% from 2013 to 2018.
Browse through the TOC of the North American Computerized Physician Order Entry (CPOE) Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, which is supported by various tables and figures.
Computerized physician order entry (CPOE) is a computer application designed to rectify errors that may occur when prescribing medication. It involves the electronic entry of medical prescriptions and instructions during treatment of a patient. The order entry is transmitted over a network to various departments within the hospital, including the pharmacy, laboratory, and radiology department. The system reduces errors related to incomprehensible handwriting, provides order entry at point-of-care, decreases delays in orders, and provides a check for incorrect/duplicate doses.
CPOE systems are extensively used by emergency healthcare service providers, hospitals, nurses, and office-based physicians. However, the adoption rate of CPOE is low due to the high upfront cost of implementation and the annual maintenance cost. Thus, the overall cost depends on the nature of the existing clinical information system and infrastructure of the healthcare provider.
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The North American CPOE market is driven by patient demands for improved quality of care and clinical outcomes. The North American region is the largest contributor to the global CPOE market. This is due to government pressure for the implementation of CPOE in healthcare facilities, to reduce drug prescription and dosage errors, and high incidence of chronic diseases in this region.
Furthermore, the high cost of the treatment associated with incorrect drug dosage and its side effects, and investments made by the government in this market are major reasons for the high adoption of CPOE systems in the region. However, the cost and time involved in the installation of CPOE systems is a major factor restraining the growth of this market.
The North American CPOE market is segmented on the basis of its types, applications, deployment, components, and end users. The market, by type, is segmented into integrated and standalone. Applications include clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. The market, by deployment, is further categorized as on-premise, web-based, and cloud-based, while the market by component comprises hardware, software, and services. On the basis of geography, the report analyzes the U.S., Canada, and Mexico.
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This report also includes market shares, 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.
Related Reports :
European Computerized Physician Order Entry Market
Europe is the second-largest region in the global market for computerized physician order entry. This market is expected grow at a CAGR of 6.0%, from 2013 to 2018. It is projected to reach a value of $292.37 million by 2018. This market is driven by high incidences of wrong medication, which demands the adoption of computerized physician order entry systems in Europe. Furthermore, the high cost of the treatment drugs related injuries and the investments made by the European government are another reason for high adoption of the CPOE systems. However, the cost and time involved in the installation of computerized physician order entry systems is major factor restraining the growth of this market.
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