Global Tele pharmacy Market (2021-2026) by Type, Component, Delivery Mode, Devices, Applications and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Market Dynamics
Key factors, such as rising awareness about the 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.
Market Segmentation
The Global Tele pharmacy Market is segmented further based on Type, Component, Delivery Mode, Devices, Applications and Geography.
By Type, the market is classified as Inpatient, Remote Dispensing, IV admixture and Remote Counselling. Amongst them, the Remote Counselling segment is estimated to hold the highest market share.
By Services, the market is classified as Pharmacy Consultation and Remote Order Entry. Amongst them, the Pharmacy consultation segment is estimated to hold the highest market share.
By Component, the market is classified as Hardware and Software. Hardware has been further segmented into monitors, and peripheral medical device. Software has been further segmented into integrated software, and standalone software. Amongst them, the Software segment is estimated to hold the highest market share during the forecast period.
By Delivery Mode, the market is classified as On Premise, Web Based and Cloud Based. Amongst them, the Cloud Based segment holds the highest market share.
By Devices, the market is classified as Computers, Smartphones, Tablets and Kiosk. Amongst them, the Computers segment holds the highest market share.
By Applications, the market is classified as Hospitals, Small Pharmacies, Nursing Home, Medical Offices, Prisons, Military Base and War Ships. Amongst them, the Hospitals segment holds the highest market share.
By Geography, North America is projected to lead the 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
Company Profiles
Some of the companies covered in this report are 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., and Telepharmacy Solutions, Inc.
IGR Competitive Quadrant
The report includes IGR 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 IGR Competitive Quadrants, Infogence’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
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Shareholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Size Estimation
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 4 Market Overview
- 4.1 Introduction
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.1.1 Rising awareness about the tele pharmacy
- 4.2.1.2 Improving medication administration
- 4.2.1.3 Advancing digital technology
- 4.2.2 Restraints
- 4.2.2.1 Operational and technical issues associated with host IT system
- 4.2.2.2 Integration along with lack of overall management in dispensing medications for the patients
- 4.2.2.3 Prevalence of insufficiently skilled pharmacist
- 4.2.3 Opportunities
- 4.2.3.1 The growing awareness among the patients regarding the benefits of tele pharmacy
- 4.2.3.2 Rapid innovations in the Tele pharmacy
- 4.2.4 Challenges
- 4.2.4.1 Privacy issues
- 4.2.4.2 Operational & technical issues associated with host IT system and integration
- 4.3 Trends
- 5 Market Analysis
- 5.1 Porter’s Five Forces Analysis
- 5.2 Impact of COVID-19
- 5.3 Ansoff Matrix Analysis
- 6 Global Tele pharmacy Market, By Type
- 6.1 Introduction
- 6.2 Inpatient
- 6.3 Remote Dispensing
- 6.4 IV admixture
- 6.5 Remote Counselling
- 7 Global Tele pharmacy Market, By Services
- 7.1 Introduction
- 7.2 Pharmacy Consultation
- 7.3 Remote Order Entry
- 8 Global Tele pharmacy Market, By Component
- 8.1 Introduction
- 8.2 Hardware
- 8.2.1 Monitors
- 8.2.2 Peripheral medical device
- 8.3 Software
- 8.3.1 Integrated Software
- 8.3.2 Standalone Software
- 9 Global Tele pharmacy Market, By Delivery Mode
- 9.1 Introduction
- 9.2 On Premise
- 9.3 Web Based
- 9.4 Cloud Based
- 10 Global Tele pharmacy Market, By Devices
- 10.1 Introduction
- 10.2 Computers
- 10.3 Smartphones
- 10.4 Tablets
- 10.5 Kiosk
- 11 Global Tele pharmacy Market, By Applications
- 11.1 Introduction
- 11.2 Hospitals
- 11.3 Small Pharmacies
- 11.4 Nursing Home
- 11.5 Medical Offices
- 11.6 Prisons
- 11.7 Military Base and War Ships
- 12 Global Tele pharmacy Market, By Geography
- 12.1 Introduction
- 12.2 North America
- 12.2.1 US
- 12.2.2 Canada
- 12.2.3 Mexico
- 12.3 South America
- 12.3.1 Brazil
- 12.3.2 Argentina
- 12.4 Europe
- 12.4.1 UK
- 12.4.2 France
- 12.4.3 Germany
- 12.4.4 Italy
- 12.4.5 Spain
- 12.4.6 Rest of Europe
- 12.5 Asia-Pacific
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4 Indonesia
- 12.5.5 Malaysia
- 12.5.6 South Korea
- 12.5.7 Australia
- 12.5.8 Russia
- 12.5.9 Rest of APAC
- 12.6 Rest of the World
- 12.6.1 Qatar
- 12.6.2 Saudi Arabia
- 12.6.3 South Africa
- 12.6.4 United Arab Emirates
- 12.6.5 Latin America
- 13 Competitive Landscape
- 13.1 IGR Competitive Quadrant
- 13.2 Market Share Analysis
- 13.3 Competitive Scenario
- 13.3.1 Mergers & Acquisitions
- 13.3.2 Agreement, Collaborations, & Partnerships
- 13.3.3 New Product Launches & Enhancements
- 13.3.4 Investments & Fundings
- 14 Company Profiles
- 14.1 Pipeline Health Holdings.
- 14.2 Medication Review, Inc.
- 14.3 North West TelePharmacy Solutions
- 14.4 McKesson Ventures
- 14.5 Pipeline Health Holdings
- 14.6 Mitsui & Co., Inc.
- 14.7 MedTel Services
- 14.8 TelePharm, LLC
- 14.9 One Touch Telehealth
- 14.10 Comprehensive Pharmacy Services, Inc.
- 14.11 Telepharmacy Solutions, Inc.
- 15 Appendix
- 15.1 Questionnaire
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