European Market for Computerized Physician Order Entry (CPOE) Systems. M March 2011
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1 European Market for Computerized Physician Order Entry (CPOE) Systems M March 2011
2 Table of Contents Executive Summary Research Scope and Methodology Market Overview Industry Challenges Market Dynamics Market Engineering Measurements Market Trends 29 Pestle Analysis Current Market Trends Mega Trends Market Revenue Analysis 33 Revenue Forecasts Current Market Revenue M
3 Table of Contents (Contd ) Geographic Analysis 36 The United Kingdom Germany France Italy Spain Scandinavia Benelux Technology Trends Success Factors & Industry Best Practices Conclusions and Recommendations Database of Key Industry Participants Decision Support Databases About Frost & Sullivan M
4 List of Figures Figure Title Total Computerized Physician Order Entry Systems Market: Impact of Top Industry Challenges (Europe), Slide No 25 Total Computerized Physician Order Entry Systems Market: Revenue Forecasts (Europe), Total Computerized Physician Order Entry Systems Market: Revenues by Geographic Region (Europe), Computerized Physician Order Entry Systems Market: Revenue Forecasts (UK), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Germany), Computerized Physician Order Entry Systems Market: Revenue Forecasts (France), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Italy), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Spain), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Scandinavia), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Benelux), Total Computerized Physician Order Entry Systems Market: DKIP (Europe), M
5 List of Charts Chart Title Slide No Total Computerized Physician Order Entry Systems Market: Market Segmentation (Europe), Total Computerized Physician Order Entry Systems Market: Industry Challenges (Europe), Total Computerized Physician Order Entry Systems Market: Market Drivers (Europe), Total Computerized Physician Order Entry Systems Market: Market Restraints (Europe), Total Computerized Physician Order Entry Systems Market: Market Drivers and Restraints (Europe), Total Computerized Physician Order Entry Systems Market: Market Engineering Measurements (Europe), Total Computerized Physician Order Entry Systems Market: PESTLE Analysis (Europe), Total Computerized Physician Order Entry Systems Market: Current Market Trends (Europe), Total Computerized Physician Order Entry Systems Market: Revenue Forecasts (Europe), Total Computerized Physician Order Entry Systems Market: Percent of Revenues by Segment Type (Europe), Total Computerized Physician Order Entry Systems Market: Percent of Revenues by Geographic Region (Europe), M
6 List of Charts (Contd ) Chart Title Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (UK), Slide No 41 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (UK), Computerized Physician Order Entry Systems Market: Revenue Forecasts (UK), Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Germany), Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Germany), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Germany), Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (France), Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (France), Computerized Physician Order Entry Systems Market: Revenue Forecasts (France), Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Italy), Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Italy), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Italy), M
7 List of Charts (Contd ) Chart Title Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Spain), Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Spain), Slide No Computerized Physician Order Entry Systems Market: Revenue Forecasts (Spain), Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Scandinavia), Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Scandinavia), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Scandinavia), Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Benelux), Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Benelux), Computerized Physician Order Entry Systems Market: Revenue Forecasts (Benelux), M
8 Executive Summary 10
9 Market Definition and Segmentation Market Definition CPOE (Computerized Physician Order Entry) systems are centred on preventing medication-related adverse events (ADEs) in other terms medical errors. Identifying medication errors is one of the highest priority gaps in the healthcare industry, and most countries have recognized the important role technologies such as Computerized physician order entry (CPOE) are likely to play in bridging the gap. Over the last decade, preventing medical errors and implementing CPOE has gained a lot of attention and has helped this market grow steadily. Total Computerized Physician Order Entry Systems Market: Market Segmentation (Europe), 2010 Ambulatory CPOE Systems Inpatient Source: Frost & Sullivan M
10 Market Characteristics and Geographic Scope Market Characteristics Geographic Scope The market for CPOE in Europe was worth $xxx.x million in Moderate competition is a feature of this market, and it is also characterized by a high degree of technical change. CPOE systems are constantly evolving into an integrated IT platform that manages medication orders. The market is expected to grow at an accelerated rate of xx.x percent over the next 7 years. Major market participants include Cerner Corporation, McKesson Corporation, i-soft plc, Medasys, NoemaLife and Trak Healthcare Systems. The United Kingdom is the biggest market in terms of revenue generated from CPOE systems in Europe. The United Kingdom Germany France Spain Italy Scandinavia (Sweden, Norway, Finland and Denmark) Benelux (Belgium, Netherlands and Luxembourg) M
11 Industry Challenges Total Computerized Physician Order Entry Systems Market: Industry Challenges (Europe), High initial cost Complexity involved in adoption Unfeasible for projects with a small scope Price Competition Source: Frost & Sullivan M
12 Market Dynamics Total Computerized Physician Order Entry Systems Market: Market Drivers (Europe), Technically -skilled healthcare Market Drivers managers and management Government support Growing receptiveness towards IT solutions in healthcare Need to reduce medication errors Source: Frost & Sullivan M
13 Market Dynamics (Contd ) Total Computerized Physician Order Entry Systems Market: Market Restraints (Europe), Market Restraints Adverse effects of economic crisis Inconsistent technology adoption patterns Data integration and migration problems Unclear market requirements Source: Frost & Sullivan M
14 Conclusion The United Kingdom is the biggest market and controls xx percent of the market for CPOE in Europe in The market is directly dependent on the adoption of HIS, EMR and other health solutions. The CPOE market is consistently moving towards integration of all IT-related healthcare solutions. This integration will contribute to more than xx percent of the revenues earned from CPOE. Technological advancements like cloud computing and artificial intelligence are expected to play an influential role in shaping the future of this market. Understanding customer needs and reducing complexity in data transfer are the two, key, vital factors that ensure success in this market. Since the price sensitivity is high, competitive pricing is mandatory to sustain a considerable market share. M
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