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Market Research Report

Telepharmacy Market Share, Size, Trends, Industry Analysis Report, By End Use (Primary Care Centers, Hospitals, Others); By Services (Pharmacy Consultation, Remote Order Entry); By Regions; Segment Forecast, 2020 - 2027

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Telepharmacy Market Share, Size, Trends, Industry Analysis Report, By End Use (Primary Care Centers, Hospitals, Others); By Services (Pharmacy Consultation, Remote Order Entry); By Regions; Segment Forecast, 2020 - 2027
Published: October 1, 2020 Content info: 114 Pages
Description

The global telepharmacy market size is expected to reach USD 71.43 billion by 2027 according to a new study by Polaris Market Research. The report which is titled as "Global Telepharmacy Market Share, Trends, & Size Analysis Report By End-use (Primary Care Centers, Hospitals, Others), By Services (Pharmacy Consultation, Remote Order Entry), By Segment Forecasts, And By Region, 2020 To 2027" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Telepharmacy refers to the process of delivering the pharmaceutical care through telecommunications to the patients across various locations where getting consultation from any healthcare professional is next to impossible. Telepharmacy is a subset of telemedicine which is a wider term used by the healthcare experts.

Certain services involved in telepharmacy includes patient counselling, drug therapy monitoring, refill authorization and prior authorization needed for the prescription drugs. Other telepharmacy services comprises of monitoring the formulary compliance through the deployment of videoconferencing or teleconferencing. Telepharmacy may also involve remote delivery of medicines through automated labelling and packaging systems. In addition, the delivery of telepharmacy services may even be performed through the assistance of healthcare facilities such as nursing homes, hospitals or other healthcare institutions. Telepharmacy may also deploy videoconferencing technique across the pharmacy in order to provide management, training and education services to pharmacy staff and pharmacists remotely.

The prominent factors favoring the global market growth include advancement in technology, substantial investments in telepharmacy and rise in the prevalence of diseases. Telepharmacy offers medical care at minimal costs to the rural and other backward regions worldwide. For instance, the advancements in telehealth technology that includes faxes, videoconferencing, electronic healthcare information gathering techniques including, electronic health record (EHR).

These key technologies allow the pharmacists to proactively contribute novel and unique ways to enhance the usage of medicines in healthcare settings that include, hospitals, community pharmacy locations, nursing home as well as various other healthcare facilities. Moreover, the rising internet penetration worldwide has resulted in increasing preference for online healthcare services. Furthermore, the ongoing COVID-19 pandemic worldwide has driven the demand for maintaining social distancing amid lockdown which has in turn fueled the demand for online healthcare services that's also anticipated to contribute to market growth.

There's significant variation in the implementation practices for telepharmacy depending on the region for implementation and its jurisdiction. Some key factors that include, economics, regulations and laws coupled with geography highly influence the implementation of telepharmacy. United States, Australia, Canada, Venezuela, Spain, Japan, Italy, Guam, Germany, England, Cuba, Belgium, and Bahrain are some of the nations that have deployed remote and automatic medical supply dispensing machines. Also, patients are being provided with medicines at the pharmacy outlets through the use of videoconferencing and that too without any requirement of a full-time pharmacist.

Market participants such as 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. are some of the key players operating in the global market.

Players in the market are focusing on strategic partnership with other key companies to strengthen their market position across the globe. For instance, in June 2019, Pipeline Health Holdings which is a telepharmacy company has entered into a partnership agreement with YouScript Incorporated in order to provide highly-personalized prescribing software tools across its advanced platform referred to as PowerGridRx. This strategic partnership agreement is anticipated to enhance patient results through providing safe and optimal medical aid to each patient. PowerGridRx platform comprising of personalized prescribing software tools is combined with EHRs can simply offer key services to healthcare institutions such as hospitals, clinics, ambulatory surgical centers (ASCs) and other key healthcare facilities.

Polaris Market Research has segmented the global telepharmacy market report on the basis of services, end-use, and region

Global Telepharmacy Services Outlook (Revenue - USD Million, 2016 - 2027)

  • Pharmacy Consultation
  • Remote Order Entry

Global Telepharmacy End-use Outlook (Revenue - USD Million, 2016 - 2027)

  • Primary Care Centers
  • Hospitals
  • Others

Global Telepharmacy Regional Outlook (Revenue - USD Million, 2016 - 2027)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa
Table of Contents
Product Code: PM1726

Table of Contents

1. Introduction

  • 1.1. Report Description
    • 1.1.1. Objectives of the Study
    • 1.1.2. Market Scope
    • 1.1.3. Assumptions
  • 1.2. Stakeholders

2. Executive Summary

  • 2.1. Market Highlights

3. Research Methodology

  • 3.1. Overview
    • 3.1.1. Data Mining
  • 3.2. Data Sources
    • 3.2.1. Primary Sources
    • 3.2.2. Secondary Sources

4. Telepharmacy Market Insights

  • 4.1. Telepharmacy - Industry snapshot
  • 4.2. Telepharmacy Market Dynamics
    • 4.2.1. Drivers and Opportunities
      • 4.2.1.1. Rapid innovations in the Telepharmacy
      • 4.2.1.2. Rising medical costs
    • 4.2.2. Restraints and Challenges
      • 4.2.2.1. Privacy issues
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers (Moderate)
    • 4.3.2. Threats of New Entrants: (Low)
    • 4.3.3. Bargaining Power of Buyers (Moderate)
    • 4.3.4. Threat of Substitute (Moderate)
    • 4.3.5. Rivalry among existing firms (High)
  • 4.4. PESTLE Analysis
  • 4.5. Telepharmacy Market Industry trends

5. Telepharmacy Market Assessment by Services

  • 5.1. Key Findings
  • 5.2. Introduction
    • 5.2.1. Global Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • 5.3. Pharmacy Consultation
    • 5.3.1. Global Telepharmacy Market, by Pharmacy Consultation, by Region, 2016 - 2027 (USD Million)
  • 5.4. Remote Order Entry
    • 5.4.1. Global Telepharmacy Market, by Remote Order Entry, by Region, 2016 - 2027 (USD Million)

6. Global Telepharmacy Market, by End Use

  • 6.1. Key Findings
  • 6.2. Introduction
    • 6.2.1. Global Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • 6.3. Primary Care Centers
    • 6.3.1. Global Telepharmacy Market, by Primary Care Centers, By Region, 2016 - 2027 (USD Million)
  • 6.4. Hospitals
    • 6.4.1. Global Telepharmacy Market, by Hospitals, by Region, 2016 - 2027 (USD Million)
  • 6.5. Others
    • 6.5.1. Global Telepharmacy Market, by Others, by Region, 2016 - 2027 (USD Million)

7. Telepharmacy Market Assessment by Geography

  • 7.1. Key findings
  • 7.2. Introduction
    • 7.2.1. Telepharmacy Market Assessment, By Geography, 2016 - 2027 (USD Million)
  • 7.3. Telepharmacy Market - North America
    • 7.3.1. North America: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
    • 7.3.2. North America: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.3.3. Telepharmacy Market - U.S.
      • 7.3.3.1. U.S.: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.3.3.2. U.S.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.3.4. Telepharmacy Market - Canada
      • 7.3.4.1. Canada: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.3.4.2. Canada.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • 7.4. Telepharmacy Market - Europe
    • 7.4.1. Europe: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
    • 7.4.2. Europe: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.3. Telepharmacy Market - UK
      • 7.4.3.1. UK: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.3.2. UK: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.4. Telepharmacy Market - France
      • 7.4.4.1. France: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.4.2. France: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.5. Telepharmacy Market - Germany
      • 7.4.5.1. Germany: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.5.2. Germany: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.6. Telepharmacy Market - Italy
      • 7.4.6.1. Italy: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.6.2. Italy: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.7. Telepharmacy Market - Spain
      • 7.4.7.1. Spain: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.7.2. Spain: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.8. Telepharmacy Market - Netherlands
      • 7.4.8.1. Netherlands: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.8.2. Netherlands: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.4.9. Telepharmacy Market - Austria
      • 7.4.9.1. Austria: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.4.9.2. Austria: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • 7.5. Telepharmacy Market - Asia-Pacific
    • 7.5.1. Asia Pacific: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
    • 7.5.2. Asia Pacific: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.5.3. Telepharmacy Market - China
      • 7.5.3.1. China: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.5.3.2. China: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
      • 7.5.3.3. Telepharmacy Market - India
    • 7.5.4. India: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
    • 7.5.5. India.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.5.6. Telepharmacy Market - Malaysia
      • 7.5.6.1. Malaysia: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.5.6.2. Malaysia: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.5.7. Telepharmacy Market - Japan
      • 7.5.7.1. Japan: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.5.7.2. Japan: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.5.8. Telepharmacy Market - Indonesia
      • 7.5.8.1. Indonesia: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.5.8.2. Indonesia: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.5.9. Telepharmacy Market - South Korea
      • 7.5.9.1. South Korea: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.5.9.2. South Korea.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • 7.6. Telepharmacy Market - Middle East & Africa
    • 7.6.1. Middle East & Africa: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
    • 7.6.2. Middle East & Africa.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.6.3. Telepharmacy Market - Saudi Arabia
      • 7.6.3.1. Saudi Arabia: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.6.3.2. Saudi Arabia.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.6.4. Telepharmacy Market - UAE
      • 7.6.4.1. UAE: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.6.4.2. UAE: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.6.5. Telepharmacy Market - Israel
      • 7.6.5.1. Israel: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.6.5.2. Israel: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.6.6. Telepharmacy Market - South Africa
      • 7.6.6.1. South Africa: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.6.6.2. South Africa: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • 7.7. Telepharmacy Market - Latin America
    • 7.7.1. Latin America: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
    • 7.7.2. Latin America: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.7.3. Telepharmacy Market - Mexico
      • 7.7.3.1. Mexico: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.7.3.2. Mexico.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.7.4. Telepharmacy Market - Brazil
      • 7.7.4.1. Brazil: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.7.4.2. Brazil.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
    • 7.7.5. Telepharmacy Market - Argentina
      • 7.7.5.1. Argentina: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
      • 7.7.5.2. Argentina.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)

8. Competitive Landscape

  • 8.1. Expansion and Acquisition Analysis
    • 8.1.1. Expansion
  • 8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

  • 9.1. Medication Review, Inc.
    • 9.1.1. Company Overview
    • 9.1.2. Financial Performance
    • 9.1.3. Product Benchmarking
    • 9.1.4. Recent Development
  • 9.2. North West TelePharmacy Solutions
    • 9.2.1. Company Overview
    • 9.2.2. Financial Performance
    • 9.2.3. Product Benchmarking
    • 9.2.4. Recent Development
  • 9.3. McKesson Ventures
    • 9.3.1. Company Overview
    • 9.3.2. Financial Performance
    • 9.3.3. Product Benchmarking
    • 9.3.4. Recent Development
  • 9.4. Pipeline Health Holdings
    • 9.4.1. Company Overview
    • 9.4.2. Financial Performance
    • 9.4.3. Product Benchmarking
    • 9.4.4. Recent Development
  • 9.5. Mitsui & Co., Inc.
    • 9.5.1. Company Overview
    • 9.5.2. Financial Performance
    • 9.5.3. Product Benchmarking
    • 9.5.4. Recent Development
  • 9.6. MedTel Services
    • 9.6.1. Company Overview
    • 9.6.2. Financial Performance
    • 9.6.3. Product Benchmarking
    • 9.6.4. Recent Development
  • 9.7. TelePharm, LLC
    • 9.7.1. Company Overview
    • 9.7.2. Financial Performance
    • 9.7.3. Product Benchmarking
    • 9.7.4. Recent Development
  • 9.8. One Touch Telehealth
    • 9.8.1. Company Overview
    • 9.8.2. Financial Performance
    • 9.8.3. Product Benchmarking
    • 9.8.4. Recent Development
  • 9.9. Comprehensive Pharmacy Services, Inc.
    • 9.9.1. Company Overview
    • 9.9.2. Financial Performance
    • 9.9.3. Product Benchmarking
    • 9.9.4. Recent Development
  • 9.10. Telepharmacy Solutions, Inc.
    • 9.10.1. Company Overview
    • 9.10.2. Financial Performance
    • 9.10.3. Product Benchmarking
    • 9.10.4. Recent Development

List of Tables

  • Table 1 Global Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 2 Global Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 3 Telepharmacy Market Assessment, By Geography, 2016 - 2027 (USD Million)
  • Table 4 North America: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 5 North America: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 6 U.S.: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 7 U.S.: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 8 Canada: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 9 Canada: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 10 Europe: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 11 Europe: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 12 UK: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 13 UK: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 14 France: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 15 France: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 16 Germany: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 17 Germany: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 18 Italy: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 19 Italy: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 20 Spain: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 21 Spain: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 22 Netherlands: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 23 Netherlands: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 24 Austria: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 25 Austria: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 26 Asia Pacific: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 27 Asia Pacific: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 28 China: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 29 China: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 30 India: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 31 India: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 32 Malaysia: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 33 Malaysia: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 34 Japan: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 35 Japan: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 36 Indonesia: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 37 Indonesia: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 38 South Korea: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 39 South Korea: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 40 Middle East & Africa: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 41 Middle East & Africa: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 42 Saudi Arabia: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 43 Saudi Arabia: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 44 UAE: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 45 UAE: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 46 Israel: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 47 Israel: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 48 South Africa: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 49 South Africa: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 50 Latin America: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 51 Latin America: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 52 Mexico: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 53 Mexico: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 54 Brazil: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 55 Brazil: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)
  • Table 56 Argentina: Telepharmacy Market, By Services, 2016 - 2027 (USD Million)
  • Table 57 Argentina: Telepharmacy Market, By End Use, 2016 - 2027 (USD Million)

List of Figures

  • Figure 1 Market Highlights (2019, Revenue)
  • Figure 2 Integrated Ecosystem
  • Figure 3 Research Methodology: Top Down & Bottom Up Approach
  • Figure 4 Market by Geography
  • Figure 5 Porter's Five Forces
  • Figure 6 Market by Services
  • Figure 7 Global Telepharmacy Market, By Services, 2019 & 2027 (USD Million)
  • Figure 8 Market by End Use
  • Figure 9 Global Telepharmacy Market, By End Use, 2019 & 2027 (USD Million)
  • Figure 10 Telepharmacy Market Assessment, By Geography, 2016 - 2027 (USD Million)
  • Figure 11 Strategic Analysis - Telepharmacy Market
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