The Global Telepharmacy Market was valued at USD 7,560.12 million in 2020 and is expected to grow at a CAGR of 32% during the forecast period 2022-2028.
Telepharmacy involve dispensing medicines and checking prescriptions via telecommunication. Remote pharmacies allow pharmacists to deliver prescription care in a geographic location that is different from the patient. This state-of-the-art technology ensures convenient access to quality health care, especially in rural and medically underdeveloped countries. Telepharmacy is the consultation, education or management of a patient’s communication needs through video calls. Raising awareness of remote pharmacies and improving drug management are key factors driving the market growth. Advances in digital technology will further enhance the overall market demand for remote pharmacies during the forecast period.
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Market Segments
By Type: Inpatient, Remote Dispensing, IV admixture and Remote Counselling
By Components: Hardware and Software
By Delivery Mode: On Premise, Web Based and Cloud Based
By Devices: Computers, Smartphones, Tablets and Kiosk
By Applications: Hospitals, Small Pharmacies, Nursing Home, Medical Offices, Prisons, Military Base and War Ships
Key Players
Some of the major players operating in the global market include Medication Review, Inc., North West TelePharmacy Solutions, McKesson Ventures, Pipeline Health Holdings, Mitsui & Co., Inc., MedTel Services, TelePharm, LLC, One Touch Telehealth, Comprehensive Pharmacy Services, Inc., AMN Healthcare, and Telepharmacy Solutions, Inc.
Scope of the Report
The research study analyzes the global Telepharmacy industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Telepharmacy Market Report
1. What was the Telepharmacy Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Telepharmacy Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Telepharmacy Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Telepharmacy market.
- The market share of the global Telepharmacy market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Telepharmacy market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Telepharmacy market.
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