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Worldwide Tele pharmacy Industry to 2026 - Advancing Digital Technology is Driving Growth - ResearchAndMarkets.com

·3-min read

DUBLIN, September 22, 2021--(BUSINESS WIRE)--The "Global Tele pharmacy Market (2021-2026) by Type, Component, Delivery Mode, Devices, Applications, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

Key factors, such as rising awareness about tele pharmacy, improving medication administration, and advancing digital technology will help in the growth of the market. Moreover, the growing number of internet users and rising internet penetration is also boosting the market growth. Operational and technical issues associated with host IT system, integration along with lack of overall management in dispensing medications for the patients, and prevalence of insufficiently skilled pharmacist are the restraining factors of tele pharmacy market.

Privacy issues and operational & technical issues associated with host IT system and integration are the major challenge to the growth of this market.

Recent Developments

  1. One Touch Telehealth announces its new software release, Version 5.0: 'Beyond Virtual Care.' Carrie Chitsey, Co-Founder and CEO says that "with the increase in video telehealth amid COVID-19, virtual care is here to stay. We fast-tracked our new release given the 500%+ increase in the use of video telehealth from our client base and insights from our customers on what they need to be successful in virtual patient workflows." - 10th November 2020

  2. Pipeline Health agrees to $1.5 Mn settlement over Illinois hospital acquisition. - 28th July 2020

  3. Pipeline Acquires Business Unit from Health Enterprises to Provide Tele pharmacy Services in Iowa and Nebraska and Establishes Long-term Partnership. - 10th August 2017

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Telepharmacy Market.

  • The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.

  • The report also contains the competitive analysis using Competitive Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current, and projected size of the market based on value and volume

  • Market shares and strategies of key players

  • Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

  • Rising awareness about the tele pharmacy

  • Improving medication administration

  • Advancing digital technology

Restraints

  • Operational and technical issues associated with host IT system

  • Integration along with lack of overall management in dispensing medications for the patients

  • Prevalence of insufficiently skilled pharmacist

Opportunities

  • The growing awareness among the patients regarding the benefits of tele pharmacy

  • Rapid innovations in the Tele pharmacy

Challenges

  • Privacy issues

  • Operational & technical issues associated with host IT system and integration

Companies Mentioned

  • Pipeline Health Holdings.

  • 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.

  • Telepharmacy Solutions, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ooqsfd

View source version on businesswire.com: https://www.businesswire.com/news/home/20210922005836/en/

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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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