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Government Investments and Cloud-Based Solution to Boost the Computerized Physician Order Entry (CPOE) Market http://www.micromarketmonitor.com/market-report/computerized-physician-order-entry-reports-4523089084.html
(PRWEB) July 04, 2014
The overall computerized physician order entry (CPOE) market is poised to witness a growth of 6.5% from $938.4 million in 2013 to $1288.0 million in 2018. 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 the computerized physician order entry market. A cloud-based solution has opened an array of opportunities for the development of novel quality system.
Browse through the market data tables, figures and detailed ToC on the Computerized Physician Order Entry Market.
North American Computerized Physician Order Entry Market
North America is 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 computerized physician order entry systems is anticipated to grow due to federal government initiatives and high healthcare cost, which demands 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.
European Computerized Physician Order Entry Market
Europe is the second largest market 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 computerized physician order entry systems is anticipated to grow due to increasing European government investments. In order to use these investments to reconstruct healthcare information technology (HCIT) system, it is necessary to reduce the overall healthcare cost, thereby ensuring patients safety. However, the Eurozone debt crisis, and the cost and time involved in the installation of the CPOE systems are the major factors restraining the growth of this market.
Asian Computerized Physician Order Entry Market
Asia is expected to be the fastest growing computerized physician order entry systems market, which is expected to grow at a CAGR of 6.9% from $117.3 million in 2013 to $163.9 million in 2018. Competition among private healthcare providers and hospitals to improve patient care and safety triggers innovation and research in the computerized physician order entry systems (CPOE) market. However, the complexity of CPOE systems is the major factor restraining the growth of this market. Besides this, poor hardware infrastructures also restrain the CPOE market in Asia.
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