Sunday, 19 February 2017

Global Computerized Physician Order Entry Systems Market will reach $1,481.7 million in 2020 - Software to Witness Highest Growth

ResearchMoz added Latest Research Report titled " Global Market Study on Computerized Physician Order Entry Systems - Software to Witness Highest Growth by 2020 " to it's Large Report database.

A Computerized Physician Order Entry (CPOE) System is a healthcare information system which captures, stores, manages and transmits medical practitioners instructions electronically, for the treatment of patients. These systems reduce medication errors and improving the quality of care given to patients. This is done by decreasing delay in order completion, reducing errors related to handwriting, providing error checking for incorrect doses or tests and by reducing treatment costs. Computerized physician order entry systems ensure proper collection and exchange of patients health data between hospitals, laboratories or clinics. A computerized physician order entry system is an integrated system which is generally paired with some type of clinical decision support system (CDSS) and electronic health record (EHR) system. This integration helps to deliver coordinated patient care services. It also promotes continuity of care for each patient during the entire course of illness. Integration also assures that healthcare facilities are delivered in the most cost-effective way.

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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, have provide abundant opportunities to computerized physician order entry systems.

Rise in need for integrated healthcare systems, high incidence of medication errors and government initiatives are the key growth drivers for the computerized physician order entry systems market. On the other hand, lack of experienced professionals, interoperability issues and cost and time consuming installation process are major concerns for the industry.

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Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology
1.3 Assumptions

Chapter 2 Market Synopsis

Chapter 3 Porters Five Forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Intensity of Rivalry

Chapter 4 Industry Overview
4.1 Market Introduction
4.2 Market Drivers
4.2.1 Rising need for integrated healthcare systems
4.2.2 High incidence of medication errors
4.2.3 Increasing demand for better healthcare facilities
4.2.4 Increasing government initiatives
4.2.5 Rising investments from healthcare IT players
4.3 Impact Analysis of Market Drivers
4.4 Market Restraints
4.4.1 Lack of experienced professionals
4.4.2 Interoperability issues
4.4.3 Lack of commitment and interest shown by physicians
4.4.4 High cost and time-consuming installation process

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