Computerized Physician Order Entry (CPOE) Market Worth $1288.0 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) June 07, 2014 -- The overall computerized physician order entry (CPOE) market is expected to grow at a CAGR of 6.5% to reach $1288.0 million in 2018, from $938.4million in 2013. The market is witnessing a number of technological advancements, due to government initiatives in the market. Extensive usage of the computerized physician order entry systems by emergency healthcare service providers, hospitals, nurses, and office based physicians, for the smooth and efficient workflow, is another factor for the growth of this market. A cloud-based solution has resulted in various opportunities for the development of this novel quality system.
Browse through the market data tables, figures and detailed ToC on the “Computerized Physician Order Entry (CPOE) Market”.
Related Reports
North America Computerized Physician Order Entry (CPOE) Market
The North American region is home to the largest computerized physician order entry systems market, which is expected to grow at a CAGR of 6.9% from $552.9 million in 2013 to $771.2 million in 2018. The demand for the CPOE systems is anticipated to grow, as a result of the federal government initiatives, and high healthcare costs, which demand the adoption of CPOE systems. However, the cost and time involved in the installation of CPOE systems are major factors restraining the growth of this market.
Europe Computerized Physician Order Entry (CPOE) Market
The market in Europe is the second largest for computerized physician order entry systems, which is expected to grow at a CAGR of 6.0% from $218.7 million in 2013 to $292.4 million in 2018. The demand for the CPOE systems is anticipated to grow, as a result of the increasing investments by the European government to reconstruct HCIT system, to cut overall healthcare cost, thereby ensuring patients safety. However, the effects of the Eurozone debt crisis, and the cost and time involved in the installation of CPOE systems, are major factors restraining the growth of this market.
http://www.micromarketmonitor.com/market/europe-computerized-physician-order-entry-1923997724.html
Asia Computerized Physician Order Entry (CPOE) Market
Asia is expected to be the fastest growing market for the computerized physician order entry systems, and is expected to grow at a CAGR of 6.9% from $117.3 million in 2013 to $163.9 million in 2018. Tight competition among private healthcare providers and hospitals, to improve patient care and safety, is facilitating innovation and research in the CPOE market. However, the complexity of CPOE systems is a major factor restraining the growth of this market. Besides this, poor hardware infrastructures also restrain the CPOE market in the Asian region.
http://www.micromarketmonitor.com/market/asia-computerized-physician-order-entry-5753596387.html
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