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Telepharmacy Market Overall Study Report 2027 |North West TelePharmacy Solutions, McKesson Ventures, Pipeline Health Holdings, Mitsui & Co., Inc., MedTel Services, TelePharm and others
Telepharmacy Market
This report provides in depth study of " Telepharmacy Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organisation. The Telepharmacy Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organisation such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organisation.
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The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The key players covered in this study
• 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.
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.
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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
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.
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.
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