The latest update of “Global Telepharmacy Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Telepharmacy Market.
Overview of the Telepharmacy Market:
Telepharmacy has become very important to physicians, clinics, hospitals, nursing homes, home health agencies, and other healthcare providers. It allows real-time access to medical records, expert consultation, medical advice, diagnosis, treatment, medication, referrals, therapies, hospitalizations, emergency care, psychotherapy, etc. It facilitates primary care visits for patients from remote locations. As compared to traditional medical offices, telemedicine allows for greater access to the actual person, instead of referring the patient to another office or another field of expertise. Telemedicine helps in providing coordinated health care services that are very efficient, effective, and patient-centric. Telepharmacy enables individuals, doctors, nurses, clinicians, surgeons, specialists, and other health care workers to effectively deliver care to individuals who have difficulty accessing medical services at a remote location. The medical delivery features in telepharmacy include appointment setting, scheduling appointments, call accounting, call transfer, audio conferencing, live teleconference calls, etc. These features make it easy for the telemedicine service provider to serve patients with more personalized, quality health care services.
The global telepharmacy market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
Increasing chronic diseases in the world are expected to fuel the growth of the global telepharmacy market over the forecast period. For instance, according to IDF Diabetes Atlas, approximately 59 million individuals in Europe were suffering from diabetes in 2019. In the present scenario, telepharmacy services are becoming more useful in the provision of essential healthcare services to those who might not be able to physically get to health centers or clinics due to various reasons like the security of the environment, time constraint, etc. Telepharmacy has made possible the telepresence solution for pandemic management and outbreak management. Using sophisticated tools like videoconferencing and interactive whiteboards, healthcare providers can communicate effectively with their pandemic leads via IP-based video teleconferencing. With the help of new technologies and advanced software applications, it has become possible for healthcare providers to serve their clients in a cost-effective manner.
Restraints:
The technological glitches related to telepharmacy software systems are expected to hinder the growth of the global telepharmacy market.
Regional Insights:
In regions, North America is expected to hold a major share of the global telepharmacy market, owing to the increasing prevalence of chronic diseases in the region. For instance, according to the Asthma and Allergy Foundation of America, around 25 million U.S. residents suffer from asthma. Furthermore, the Asia Pacific is expected to witness significant growth in the global telepharmacy market owing to the increasing prevalence of key market players, along with high investment in the healthcare sector in the region.
Competitive Section:
Key players operating in the global telepharmacy market include Zipnosis, Chiron Health, Vsee, IMediplus Inc., MedWeb, GlobalMed, Telespecialists Llc, Iron Bow Technologies, Asahi Kasie Corporation, Medvivo Group Ltd, Doctor on Demand, MDLive, AMC Health, American Well, Teladoc Health Inc., Cisco Systems, Inc., Siemens Healthineers, Cerner Corporation, GE Healthcare, Medtronic, and Koninklijke Philips N.V.
In 2020, Philips introduced the Maternal Pod and Patch, and Avalon CL Fetal for remote monitoring in Singapore, New Zealand, Australia, Europe, and the US.
In 2020, Koninklijke Philips and American Telemedicine Association (ATA) collaborated in order to increase the adoption of telehealth across home care, post-acute, and acute settings.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Telepharmacy Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Telepharmacy Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Pipeline Health Holdings
- Medication Review
- North West TelePharmacy Solutions & TelePharm
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 in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Telepharmacy Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Application 1
- Application 2
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Telepharmacy Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Telepharmacy Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Telepharmacy Market
1.6.1 How the Covid-19 is Affecting the Telepharmacy Market
1.6.1.1 Telepharmacy Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Telepharmacy Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Telepharmacy Market Perspective (2015-2027)
2.2 Telepharmacy Market Growth Trends by Regions
2.2.1 Telepharmacy Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Telepharmacy Market Historic Market Share by Regions (2015-2021)
2.2.3 Telepharmacy Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Telepharmacy Market Growth Strategy
2.3.6 Primary Interviews with Key Telepharmacy Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Telepharmacy Market Players by Market Size
3.1.1 Global Top Telepharmacy Market Players by Revenue (2015-2021)
3.1.2 Global Telepharmacy Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Telepharmacy Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Telepharmacy Market Concentration Ratio
3.2.1 Global Telepharmacy Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Telepharmacy Market Revenue in 2019
3.3 Telepharmacy Market Key Players Head office and Area Served
3.4 Key Players Telepharmacy Market Product Solution and Service
3.5 Date of entering into Telepharmacy Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Telepharmacy Market Historic Market Size by Type (2015-2021)
4.2 Global Telepharmacy Market Forecasted Market Size by Type (2021-2027)
5 Telepharmacy Market Breakdown Data by Application (2015-2027)
5.1 Global Telepharmacy Market Size by Application (2015-2021)
5.2 Global Telepharmacy Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Telepharmacy Market Size (2015-2021)
6.2 Telepharmacy Market Key Players in North America (2019-2021)
6.3 North America Telepharmacy Market Size by Type (2015-2021)
6.4 North America Telepharmacy Market Size by Application (2015-2021)
7 Europe
7.1 Europe Telepharmacy Market Size (2015-2021)
7.2 Telepharmacy Market Key Players in Europe (2019-2021)
7.3 Europe Telepharmacy Market Size by Type (2015-2021)
7.4 Europe Telepharmacy Market Size by Application (2015-2021)
8 China
8.1 China Telepharmacy Market Size (2015-2021)
8.2 Telepharmacy Market Key Players in China (2019-2021)
8.3 China Telepharmacy Market Size by Type (2015-2021)
8.4 China Telepharmacy Market Size by Application (2015-2021)
9 Japan
9.1 Japan Telepharmacy Market Size (2015-2021)
9.2 Telepharmacy Market Key Players in Japan (2019-2021)
9.3 Japan Telepharmacy Market Size by Type (2015-2021)
9.4 Japan Telepharmacy Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Telepharmacy Market Size (2015-2021)
10.2 Telepharmacy Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Telepharmacy Market Size by Type (2015-2021)
10.4 Southeast Asia Telepharmacy Market Size by Application (2015-2021)
11 India
11.1 India Telepharmacy Market Size (2015-2021)
11.2 Telepharmacy Market Key Players in India (2019-2021)
11.3 India Telepharmacy Market Size by Type (2015-2021)
11.4 India Telepharmacy Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Telepharmacy Market Size (2015-2021)
12.2 Telepharmacy Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Telepharmacy Market Size by Type (2015-2021)
12.4 Central & South America Telepharmacy Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Telepharmacy Market Introduction
13.4 Telepharmacy Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Telepharmacy Market Key Market Segments
Table 2. Key Players Covered: Ranking by Telepharmacy Market Revenue
Table 3. Ranking of Global Top Telepharmacy Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Telepharmacy Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Telepharmacy Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Telepharmacy Market Players to Combat Covid-19 Impact
Table 10. Global Telepharmacy Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Telepharmacy Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Telepharmacy Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Telepharmacy Market Share by Regions (2015-2021)
Table 14. Global Telepharmacy Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Telepharmacy Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Telepharmacy Market Growth Strategy
Table 20. Main Points Interviewed from Key Telepharmacy Market Players
Table 21. Global Telepharmacy Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Telepharmacy Market Share by Players (2015-2021)
Table 23. Global Top Telepharmacy Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Telepharmacy Market as of 2019)
Table 24. Global Telepharmacy Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Telepharmacy Market Product Solution and Service
Table 27. Date of entering into Telepharmacy Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 30. Global Telepharmacy Market Size Share by Type (2015-2021)
Table 31. Global Telepharmacy Market Revenue Market Share by Type (2021-2027)
Table 31. Global Telepharmacy Market Size Share by Application (2015-2021)
Table 33. Global Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 34. Global Telepharmacy Market Size Share by Application (2021-2027)
Table 35. North America Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Telepharmacy Market Share (2019-2021)
Table 37. North America Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 38. North America Telepharmacy Market Share by Type (2015-2021)
Table 39. North America Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 40. North America Telepharmacy Market Share by Application (2015-2021)
Table 41. Europe Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Telepharmacy Market Share (2019-2021)
Table 43. Europe Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Telepharmacy Market Share by Type (2015-2021)
Table 45. Europe Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Telepharmacy Market Share by Application (2015-2021)
Table 47. China Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Telepharmacy Market Share (2019-2021)
Table 49. China Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 50. China Telepharmacy Market Share by Type (2015-2021)
Table 51. China Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 52. China Telepharmacy Market Share by Application (2015-2021)
Table 53. Japan Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Telepharmacy Market Share (2019-2021)
Table 55. Japan Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Telepharmacy Market Share by Type (2015-2021)
Table 57. Japan Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Telepharmacy Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Telepharmacy Market Share (2019-2021)
Table 61. Southeast Asia Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Telepharmacy Market Share by Type (2015-2021)
Table 63. Southeast Asia Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Telepharmacy Market Share by Application (2015-2021)
Table 65. India Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Telepharmacy Market Share (2019-2021)
Table 67. India Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 68. India Telepharmacy Market Share by Type (2015-2021)
Table 69. India Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 70. India Telepharmacy Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Telepharmacy Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Telepharmacy Market Share (2019-2021)
Table 73. Central & South America Telepharmacy Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Telepharmacy Market Share by Type (2015-2021)
Table 75. Central & South America Telepharmacy Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Telepharmacy Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Telepharmacy Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Telepharmacy Market Share by Type: 2021 VS 2027
Figure 2. Global Telepharmacy Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Telepharmacy Market Report Years Considered
Figure 8. Global Telepharmacy Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Telepharmacy Market Share by Regions: 2021 VS 2027
Figure 10. Global Telepharmacy Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Telepharmacy Market Share by Players in 2019
Figure 13. Global Top Telepharmacy Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Telepharmacy Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Telepharmacy Market Revenue in 2019
Figure 15. North America Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Telepharmacy Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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