# Computerized Physician Order Entry (CPOE) Systems Market to Generate Profitable Avenues for Existing Companies as Well as New Players
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-29
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global CPOE Market Study: Growth Trends and Insights 2020
Meta Description: Explore the latest trends and market insights in the global computerized physician order entry systems market. Get sample reports now!
URL: https://financedigest.com/computerized-physician-order-entry-cpoe-systems-market-to-generate-profitable-avenues-for-existing-companies-as-well-as-new-playershtml

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According to a new market report published by Persistence Market Research “Global Market Study on [Computerized Physician Order Entry Systems](https://www.persistencemarketresearch.com/market-research/CPOE-market.asp) – 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**.

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.

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[Palletizing Systems Market: Notable Developments & Geographical Outlook](https://www.financedigest.com/palletizing-systems-market-notable-developments-geographical-outlook.html "Palletizing Systems Market: Notable Developments & Geographical Outlook")[Dynamic Positioning System Market: Notable Developments & Geographical Outlook](https://www.financedigest.com/dynamic-positioning-system-market-notable-developments-geographical-outlook.html "Dynamic Positioning System Market: Notable Developments & Geographical Outlook")**Some of the major companies operating in the computerized physician order entry systems market:**

- McKesson Corporation.
- Allscripts.
- GE Healthcare.
- Cerner Corporation.
- Siemens Healthcare.
- Epic Systems Corporation.
- Athenahealth, Inc.
- Carestream Health, Inc.
- NextGen Healthcare [Information Systems](https://www.financedigest.com/the-radiology-information-systems-market-shall-be-growing-unabatedly-in-the-future.html "The Radiology Information Systems Market shall be growing unabatedly in the future").
- LLC and MEDITECH.

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Incidence of [medication errors are increasing](https://www.financedigest.com/global-medical-costs-expected-to-increase-in-2017-despite-lower-rates-of-inflation.html "Global Medical Costs Expected to Increase in 2017 Despite Lower Rates of Inflation") in different regions in the world. It has resulted in an [increase in uses of CPOE systems](https://www.financedigest.com/automotive-fuel-system-market-sales-revenue-to-significantly-increase-in-the-next-few-years.html "Automotive Fuel System Market Sales Revenue to Significantly Increase in the Next Few Years ") alerts such as drug dosage support and clinical decision support. Increasing [demand for better healthcare facilities from rapidly growing aging population and rising](https://www.financedigest.com/uk-home-asking-prices-rise-tax-cuts-to-spur-demand-rightmove.html "UK home asking prices rise, tax cuts to spur demand: Rightmove") prevalence of diseases such as cancer, diabetes and heart diseases.

Government initiatives and rise in [investments from healthcare](https://www.financedigest.com/agnellis-exor-eyes-further-healthcare-investment-for-expansion.html "Agnellis’ Exor eyes further healthcare investment for expansion") 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](https://www.financedigest.com/solvency-ii-pushing-existing-systems-and-processes-harder-is-not-enough-for-compliance.html "Solvency II: pushing existing systems and processes harder is not enough for compliance") market.

The global computerized physician order entry [systems market](https://www.financedigest.com/britains-financial-system-under-stress-amid-market-turmoil-analysts.html "Britain’s financial system under stress amid market turmoil -analysts") is estimated at USD 999.4 million in 2014. It is likely to **[grow at a CAGR](https://www.financedigest.com/fibre-to-the-home-market-to-grow-at-a-high-14-4-cagr.html "Fibre to the Home Market to grow at a high 14.4% CAGR") of 6.8%** from 2014 to 2020 to reach **USD 1,481.7 million** in 2020.

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North America has the largest [market for computerized physician order entry systems](https://www.financedigest.com/pimco-cio-says-uk-market-chaos-not-systemic-but-will-have-global-impact.html "PIMCO CIO says UK market chaos not systemic but will have global impact"). This is [due to government](https://www.financedigest.com/uniper-ceo-to-resign-due-to-government-takeover.html "Uniper CEO to resign due to government takeover") 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](https://www.financedigest.com/contract-caterer-compass-expects-2023-profit-growth-to-top-20.html "Contract caterer Compass expects 2023 profit growth to top 20%") 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](https://www.financedigest.com/best-guide-to-build-a-personal-financial-plan.html "Best Guide to Build a Personal Financial Plan") medicines in Europe. However, Asia has become one of the fastest-growing markets for computerized physician order entry [systems](https://www.financedigest.com/smart-elevator-automation-system-market-2022-present-scenario-and-growth-prospects-2027.html "Smart Elevator Automation System Market 2022 | Present Scenario and Growth Prospects 2027") 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](https://www.financedigest.com/iol-delivery-systems-market-latest-advancements-and-business-opportunities-2028.html "IOL Delivery Systems Market  Latest Advancements and Business Opportunities 2028").

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