Telepharmacy Market, By Services (Remote Order Entry, Pharmacy Consultation), By End-use (Hospitals, Primary Care Centers, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI480121 | Publish Date: August 2023 | No. of Pages: 168

Global Telepharmacy Market Overview

Telepharmacy provides consultation to patients in remote regions, ensuring that medically underserved and rural populations have access to high-quality health care. In addition, telepharmacy offers pharma-care at a low cost. It eliminates the need for extra financial investment and the hire of a pharmacist. Furthermore, market expansion is being fueled by increased internet penetration as well as rising internet users. Furthermore, the high prevalence of infectious diseases like COVID-19 has led to social isolation and lockdowns. As a result, consumers prefer online health services to decrease their exposure and infection risk. As a result, telepharmacy is becoming more popular in such pandemics, resulting in increased market growth. The Global Telepharmacy Market accounted for US$ 7234.20 million in 2020 and is estimated to be US$ 21517.5 million by 2030 and is anticipated to register a CAGR of 11.5%.

Global Telepharmacy Market Dynamics

Rising prevalence of COVID-19 patients will drive the growth of the Market

The key growth driver for the global market is the rising prevalence of COVID-19 patients around the world. COVID-19 is a highly contagious disease that can survive for several hours in the air. Coronavirus affects the respiratory system of people, causing concerns such as breathing difficulties, a loss of appetite, and a high fever, among other things. According to Worldometer, there are roughly 23 million COVID-19 cases worldwide as of August 2020. As a result, the global prevalence of COVID-19 cases is predicted to fuel demand for telepharmacy, owing to the disease's highly contagious nature, resulting in global market growth.

Furthermore, the increasing number of internet users and internet penetration are fuelling market growth. For instance, According to the Miniwatts Marketing Group's online world statistics July 2020 release, as of June 30, 2020, there were an estimated 4.83 billion internet users worldwide, reflecting a 62 percent penetration rate. As a result, there is a high level of internet usage.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global Telepharmacy Market Segmentation

                               

 

                                              Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The Global Telepharmacy Market is segmented based on service, end-user and region.

On the basis of Service, the Global Telepharmacy Market is segmented into Remote  Order Entry, Pharmacy Consultation. Based on End-User, the target market is segmented into Hospitals, Primary Care Centers, Others.

Regional Insights:

 

                                                                                                                                        Source: Prophecy Market Insights

                                                  

On region the Global Telepharmacy Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Because of growing internet penetration and advantageous reimbursement rules, the market is dominated by the North American region, followed by the European region. Furthermore, increased disposable income, combined with technologically enhanced infrastructure, is fueling market expansion. Due to expanding smartphone penetration, improving patient awareness, and favorable government efforts, Asia-Pacific is expected to witness lucrative growth in the telepharmacy market throughout the forecast period. For example, the Indian Health Ministry established the National Telemedicine Task Force in 2005, which is expected to spur growth in the telepharmacy business.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Service- Remote Order Entry, Pharmacy Consultation

By End-User– Hospitals, Primary Care Centers, Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Telepharmacy Market report based on Service, End-User and region.

Global Telepharmacy Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Telepharmacy Market Key Players

Pipeline Health Holdings, LLC, Medication Review, Inc., North West TelePharmacy Solutions & TelePharm, LLC are some of the key market participants. These businesses are working on strategic partnerships, regional expansion, and innovative service offerings. For example, in 2019, Pipeline Health Holdings and YouScript formed a strategic alliance to accelerate the expansion of the telepharmacy industry.

Global Telepharmacy Market Company Profile

  • Pipeline Health Holdings, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medication Review, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • North West TelePharmacy Solutions & TelePharm, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Telepharmacy Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Telepharmacy Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Service
      • Market Snippet, By End-User
      • Market Snippet, By Fuel Type
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Telepharmacy Market, By Service, 2020 – 2030, (US$ Mn)
    • Overview                         
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Remote Order Entry
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Pharmacy Consultation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Telepharmacy Market, By End-User, 2020 – 2030, (US$ Mn)
    • Overview                                                       
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Primary Care Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Telepharmacy Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Service, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Service, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Service, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Service, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Service, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
  • Pipeline Health Holdings, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medication Review, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • North West TelePharmacy Solutions & TelePharm, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Global Telepharmacy Market is segmented based on service, end-user and region.

Rising prevalence of COVID-19 patients is major factor driving the market.

During the forecast period, North America is expected to dominate the market.

Pipeline Health Holdings, LLC, Medication Review, Inc., North West TelePharmacy Solutions & TelePharm, LLC are some of the key market participants.