What is the current market size and future outlook for the computerized physician order entry market?
The computerized physician order entry market size has grown strongly in recent years. It will grow from $2.08 $ billion in 2024 to $2.27 $ billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to the increasing adoption of electronic health records (EHR) systems, government initiatives and incentives for healthcare digitization, a rising focus on reducing medication errors and improving patient safety, a growing need for efficient and accurate order management in healthcare facilities, and a high demand for improved healthcare workflow and operational efficiency.
The computerized physician order entry market size is expected to see strong growth in the next few years. It will grow to $3.23 $ billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to the continued expansion of value-based care models and accountable care organizations, growth in personalized medicine and precision healthcare initiatives, expansion of interoperability standards and frameworks across health IT systems, rising focus on patient-centered care and engagement solutions, and continued investment in cybersecurity measures for protecting healthcare data. Major trends in the forecast period include the integration of artificial intelligence, the adoption of cloud-based CPOE solutions, the use of machine learning algorithms, mobile and remote access capabilities for physicians, a focus on cybersecurity measures, and the development of advanced user interfaces and voice recognition technology.
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How has the computerized physician order entry market evolved, and what factors have shaped its growth?
The rising incidences of medication errors are expected to propel the growth of the computerized physician order entry market going forward. Medication errors are mistakes made in prescribing, dispensing, or administering drugs that can lead to patient harm. The numerous incidences of medication errors are due to several factors, such as miscommunication between healthcare providers, incorrect dosage calculations, similar drug names, and inadequate patient information. Computerized physician order entry (CPOE) reduces medication errors by providing automated checks and alerts, ensuring accurate drug prescriptions, and minimizing manual entry mistakes. For instance, in September 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, medication errors cost one country $2.16 billion, representing 3% of the total national healthcare expenditure. Additionally, 237 million medication errors are reported each year, with 66 million potentially clinically significant. The estimated costs to the government of avoidable adverse reactions to medication are $106.24 million per year. Therefore, the rising incidences of medication errors are driving the growth of the computerized physician order entry market.
What are the major segments of the computerized physician order entry market?
The computerized physician order entrymarket covered in this report is segmented –
1) By Type: Standalone Computerized Physician Order Entry (CPOE), Integrated Computerized Physician Order Entry (CPOE)
2) By Component: Hardware, Software, Services
3) By Deployment: Web-Based, Cloud-Based, On-Premise
4) By End User: Pharmacies, Hospitals, Emergency Healthcare Service Providers, Office-Based Physicians, Other End Users
Subsegments:
1) By Standalone Computerized Physician Order Entry (CPOE): Single-Function CPOE Systems, Specialty-Specific Standalone CPOE Solutions, Customizable Standalone CPOE Applications
2) By Integrated Computerized Physician Order Entry (CPOE): Fully Integrated EHR (Electronic Health Record) CPOE Systems, CPOE with Decision Support Systems (DSS), Integrated CPOE with Laboratory and Pharmacy Management Systems, Comprehensive Healthcare Management Systems With CPOE Functionality
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Which companies dominate the computerized physician order entry market?
Major companies operating in the computerized physician order entry market are UnitedHealth Group, McKesson Corporation, Kaiser Permanente, International Business Machines Corp (IBM), Siemens Healthineers, Philips Healthcare Inc., GE HealthCare Technologies Inc., Epic Systems Corporation, Athenahealth Inc., eClinicalWorks LLC, Allscripts Healthcare Solutions Inc., NextGen Healthcare, Medical Information Technology Inc. (Meditech), Computer Programs and Systems Inc., Greenway Health LLC, CareCloud Inc., Medhost, Picis Clinical Solutions, CliniComp International Inc., Zynx Health Inc.
How will evolving trends contribute to the growth of the computerized physician order entry market?
Major companies operating in the computerized physician order entry market are adopting a strategic partnership approach to develop wireless and cloud technology for high-volume workloads. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2023, Microsoft Corporation, a US-based technology company, partnered with Epic Systems Corporation, a US-based healthcare software company, to deliver a cloud-based electronic health records (EHR) solution that significantly enhanced the capabilities of computerized physician order entry (CPOE) systems. The integration of Epic’s EHR with Microsoft Azure allows healthcare providers to manage large EHR database loads efficiently, facilitating real-time access to patient data and enhancing clinical workflows.
What are the key regional dynamics of the computerized physician order entry market, and which region leads in market share?
North America was the largest region in the computerized physician order entry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computerized physician order entry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Computerized Physician Order Entry Market Report 2025 Offer?
The computerized physician order entry market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Computerized physician order entry (CPOE) refers to an electronic system that allows healthcare providers to place orders for medications, tests, and other treatments directly into a digital system. Its use enhances the accuracy and efficiency of order processing, reduces errors associated with handwritten orders, and integrates seamlessly with other health information technology (IT) systems to support better clinical decision-making and patient care.
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