Global Telepharmacy Market Size, Trends & Growth Opportunity, By Service (Remote Order Entry, Pharmacy Consultation, and Others), By End Use (Hospitals, Primary Care Centers, and Others),By Region and Forecast till 2027.
Report ID : IR100678 | Industries : Healthcare | Published On :May 2024 | Page Count : 248
Global Telepharmacy Market Size, Trends & Growth Opportunity, By Service (Remote Order Entry, Pharmacy Consultation, and Others), By End Use (Hospitals, Primary Care Centers, and Others),By Region and Forecast till 2027.
Global Telepharmacy Market
Global Telepharmacy Market was valued at USD 8620.4 million in 2022 and is slated to reach at USD 19416.4 by 2027 at a CAGR of 10.5% from 2022-2027.
Telepharmacy offers consultation to patients living in remote locations, thereby ensuring access to quality healthcare and medical services. Also, it provides prescription services at low cost. Telepharmacy saves on the extra expenses needed to spend money to employ pharmacist.
Market Drivers
Rise in prevalence of diseases is the key driving factor which is expected to boost the global Telepharmacy market growth. Furthermore, Telepharmacy offers pharma-care services at minimal costs which is expected to propel the market growth during this forecast period. Telepharmacy saves additional costs needed for capital investments and hiring a pharmacist. Also, increase in penetration of internet coupled with increase in number of internet user will positively contribute the market growth. Moreover, rise in prevalence of infectious diseases like COVID 19 has resulted in social distancing and lockdowns. Therefore, people prefer E-health services to limit exposure and risk of infection which is expected to fuel the market growth in near future.
Market Restraints
However, major drawback of telepharmacy lies in the lack of complete control dispensing drugs to patients which is expected to hinder the global telepharmacy market growth.
Impact of COVID-19
Patients with all diseases were significantly impacted by the COVID-19 pandemic, although telepharmacy enabled patients to stave off its effects. To balance the pressure on the world's healthcare system and halt the spread of COVID-19, governments around the world implemented severe lockdowns and controls. Telepharmacy is enhancing public health and reducing the risk of infectious exposures in the wake of the COVID-19 outbreak.
Recent developments
Announcing the addition of Maragh Dermatology, Surgery and Vein Institute to its family of over 150 offices around the country, Advanced Dermatology and Cosmetic Surgery will do so in April 2022. There are offices for Maragh Dermatology in Ashburn, Warrenton, and Rockville, Maryland.
After having zero telehealth appointments in the first three months of 2020, Advanced Dermatology and Cosmetic Surgery (ADCS) reported having over 4,000 appointments per week by mid-April.
Market Segmentation
Global Telepharmacy Market is segmented into services such as Remote Order Entry, Pharmacy Consultation, and Others. Further, market is segmented into end use such as Hospitals, Primary Care Centers, and Others.
Regional Analysis
Also, Global Telepharmacy Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Telepharmacy Solutions, Inc, Medication Review, Inc. Pipeline Health Holdings, North West TelePharmacy Solutions, AMN Healthcare, McKesson Ventures, Mitsui & Co., Inc, and others
Market Taxonomy
By Service
• Remote Order Entry
• Pharmacy Consultation
• Others
By End Use
• Hospitals
• Primary Care Centers
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Telepharmacy Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Telepharmacy Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Telepharmacy Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Telepharmacy Market, By Service
5.1 Y-o-Y Growth Comparison, By Service
5.2 Global Telepharmacy Market Share Analysis, By Service
5.3 Global Telepharmacy Market Size and Forecast, By Service
5.3.1 Remote Order Entry
5.3.2 Pharmacy Consultation
5.3.3. Others
6 .Global Telepharmacy Market, By End use
6.1 Y-o-Y Growth Comparison, By End use
6.2 Global Telepharmacy Market Share Analysis, By End use
6.3 Global Telepharmacy Market Size and Forecast, By End use
6.3.1 Hospitals
6.3.2 Pharmacy Care Centres
6.3.3 Others
7Global Telepharmacy Market, By Region
7.1 Global Telepharmacy Market Share Analysis, By Region
7.2 Global Telepharmacy Market Share Analysis, By Region
7.3 Global Telepharmacy Market Size and Forecast, By Region
8North America Telepharmacy Market Analysis and Forecast (2022 – 2027)
1 Introduction
8.2 North America Telepharmacy Market Share Analysis, By Service
8.3 North America Telepharmacy Market Size and Forecast, By End use
8.4 North America Telepharmacy Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Telepharmacy Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Telepharmacy Market Share Analysis, By Service
9.3 Europe Telepharmacy Market Size and Forecast, By End use
9.4 Europe Telepharmacy Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Telepharmacy Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Telepharmacy Market Share Analysis, By Service
10.3 Asia Pacific Telepharmacy Market Size and Forecast, By End use
10.4 Asia Pacific Telepharmacy Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Telepharmacy Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Telepharmacy Market Share Analysis, By Service
11.3 Latin America Telepharmacy Market Size and Forecast, By End use
11.4 Latin America Telepharmacy Market Size and Forecast, By Country
12Middle East Telepharmacy Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Telepharmacy Market Share Analysis, By Service
12.3 Middle East Telepharmacy Market Size and Forecast, By End use
12.4 Middle East Telepharmacy Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 Telepharmacy Solutions, Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Medication Review, Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Pipeline Health Holdings
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 North West TelePharmacy Solutions
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 AMN Healthcare
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 McKesson Ventures, Mitsui & Co., Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 others
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
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