Telepharmacy Market: Value Chain and Stakeholder Analysis

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Albany, NY -- (SBWire) -- 11/20/2018 --There is no doubting the exponential surge of the telemedicine and telehealth market. The market is poised to expand at a significant rate in the next few years. Additionally, the advent of telepharmacy is expected to substantially impact the telemedicine and telehealth market in terms of enhancing its rural reach as well as worldwide penetration.

Telepharmacy includes the delivery of pharmaceutical care and performing medication order verification via telecommunications from a remote setting. Using telepharmacy, pharmacists are able to provide pharma care to patients at a different geographical location than theirs. This state-of-the-art technology ensures easy access to quality health care, primarily in rural and medically backward areas.

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Remote pharmacists are benefiting from the latest technology launched by San Francisco-based PipelineRx. Apart from making pharmacists' task simpler and more efficient, the platform is also designed to receive orders from computerized physician order entry (CPOE), fax orders, and others. This remote pharmacy program has been providing hospitals located in rural areas with 24×7 access to services of licensed clinical pharmacists. The technology also enables virtual medication review and verification in real time.

The innovative telepharmacy solution launched by PipelineRx has been significantly gaining momentum in the market. The solutions are tailor-made to help hospitals manage their pharmacy operations better. The report presents an overview of the potential impact of these technologies in simplifying the prevalent hospital and pharmacy operations. Their contribution in enhancing patient care and treatment administered has been examined in detail. The influences of recent advances in technology on the overall telemedicine and telehealth market are also studied.

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Global Telepharmacy Market: Key Opportunities and Threats

A pharmacist is not always present for a good percentage of the day on site to review and modify medications ordered by other pharmacists and administered by nurses. The situation is same in a significantly large number of hospitals worldwide. This has marked the genesis of telepharmacy programs. Hospitals and health care centers located in rural regions could neither find nor afford pharmacists in the community to be onsite. PipelineRx's telepharmacy solutions fulfilled this requirement.

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Rohit Bhisey
AVP Marketing
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