European Market for Computerized Physician Order Entry (CPOE) Systems M634-48 March 2011
Table of Contents Executive Summary Research Scope and Methodology Market Overview 10 17 23 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 M634-48 4
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 29 74 76 78 80 82 89 M634-48 5
List of Figures Figure Title Total Computerized Physician Order Entry Systems Market: Impact of Top Industry Challenges (Europe), 2011-2017 Slide No 25 Total Computerized Physician Order Entry Systems Market: Revenue Forecasts (Europe), 2007-2017 34 Total Computerized Physician Order Entry Systems Market: Revenues by Geographic Region (Europe), 2010 37 Computerized Physician Order Entry Systems Market: Revenue Forecasts (UK), 2007-2017 43 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Germany), 2007-2017 48 Computerized Physician Order Entry Systems Market: Revenue Forecasts (France), 2007-2017 53 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Italy), 2007-2017 58 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Spain), 2007-2017 63 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Scandinavia), 2007-2017 68 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Benelux), 2007-2017 73 Total Computerized Physician Order Entry Systems Market: DKIP (Europe), 2010 81 M634-48 6
List of Charts Chart Title Slide No Total Computerized Physician Order Entry Systems Market: Market Segmentation (Europe), 2010 11 Total Computerized Physician Order Entry Systems Market: Industry Challenges (Europe), 2011-2017 13 Total Computerized Physician Order Entry Systems Market: Market Drivers (Europe), 2011-2017 14 Total Computerized Physician Order Entry Systems Market: Market Restraints (Europe), 2011-2017 15 Total Computerized Physician Order Entry Systems Market: Market Drivers and Restraints (Europe), 2011-2017 26 Total Computerized Physician Order Entry Systems Market: Market Engineering Measurements (Europe), 2010 28 Total Computerized Physician Order Entry Systems Market: PESTLE Analysis (Europe), 2010 30 Total Computerized Physician Order Entry Systems Market: Current Market Trends (Europe), 2010 31 Total Computerized Physician Order Entry Systems Market: Revenue Forecasts (Europe), 2007-2017 34 Total Computerized Physician Order Entry Systems Market: Percent of Revenues by Segment Type (Europe), 2010 35 Total Computerized Physician Order Entry Systems Market: Percent of Revenues by Geographic Region (Europe), 2010 37 M634-48 7
List of Charts (Contd ) Chart Title Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (UK), 2007-2017 Slide No 41 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (UK), 2007-2017 42 Computerized Physician Order Entry Systems Market: Revenue Forecasts (UK), 2007-2017 43 Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Germany), 2007-2017 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Germany), 2007-2017 46 47 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Germany), 2007-2017 48 Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (France), 2007-2017 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (France), 2007-2017 51 52 Computerized Physician Order Entry Systems Market: Revenue Forecasts (France), 2007-2017 53 Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Italy), 2007-2017 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Italy), 2007-2017 56 57 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Italy), 2007-2017 58 M634-48 8
List of Charts (Contd ) Chart Title Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Spain), 2007-2017 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Spain), 2007-2017 Slide No 61 62 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Spain), 2007-2017 63 Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Scandinavia), 2007-2017 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Scandinavia), 2007-2017 66 67 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Scandinavia), 2007-2017 68 Computerized Physician Order Entry Systems Market: Number of Hospitals using HIS and EMR systems (Benelux), 2007-2017 Computerized Physician Order Entry Systems Market: Number of Hospitals using CPOE systems (Benelux), 2007-2017 71 72 Computerized Physician Order Entry Systems Market: Revenue Forecasts (Benelux), 2007-2017 73 M634-48 9
Executive Summary 10
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 M634-48 11
Market Characteristics and Geographic Scope Market Characteristics Geographic Scope The market for CPOE in Europe was worth $xxx.x million in 2010. 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) M634-48 12
Industry Challenges Total Computerized Physician Order Entry Systems Market: Industry Challenges (Europe), 2011-2017 High initial cost Complexity involved in adoption Unfeasible for projects with a small scope Price Competition Source: Frost & Sullivan M634-48 13
Market Dynamics Total Computerized Physician Order Entry Systems Market: Market Drivers (Europe), 2011-2017 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 M634-48 14
Market Dynamics (Contd ) Total Computerized Physician Order Entry Systems Market: Market Restraints (Europe), 2011-2017 Market Restraints Adverse effects of economic crisis Inconsistent technology adoption patterns Data integration and migration problems Unclear market requirements Source: Frost & Sullivan M634-48 15
Conclusion The United Kingdom is the biggest market and controls xx percent of the market for CPOE in Europe in 2010. 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. M634-48 16