COMPUTERIZED PHYSICIAN ORDER ENTRY SYSTEMS MARKET ANALYSIS

Market Challenges And Opportunities

High Implementation Costs Restraining Computerized Physician Order Entry Systems Market Growth in Emerging Economies

The computerized physician order entry systems market can be analyzed in five major regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World. Prime factors driving growth in North America and Europe include growing demand for paperless environment to minimize human error, decreasing delay in order completion, and the need for reducing treatment costs. Furthermore, increasing government pressure to automate healthcare facilities is also fueling growth of the computerized physician order entry systems market. However, demand for CPOE systems in Asia Pacific and Latin America is increasing with increasing pressure on reducing costs and medication errors. Also, better storage and management of patient’s information record and increasing need to minimize records retention costs is also projected to propel growth of the computerized physician order entry systems market in the near future. On the other hand, lack of professionally trained workforce and major capital investment involved in installation of the system is hindering demand for computerized physician order entry systems in the emerging economies.