The global telepharmacy market has been surging at an exponential rate since the last few years. The market is also poised to exhibit an incredible rate of growth in forthcoming years, as per the findings of Transparency Market Research (TMR). In a new report, titled “Telepharmacy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” TMR has incorporated various factors and prevailing trends that will shape the trajectory for the global telepharmacy market. The report describes the uses of telepharmacy and its potential roles for pharmacy.
Telepharmacy refers to verifying medication order via telecommunication from a remote location and the delivery of pharmaceutical care. It is designed to help pharmacists ensure better efficiency in patient-care even in remote geographic locations. Telepharmacy is therefore a state-of-the-art technology enabling easy access to quality healthcare, particularly in rural and medically backward areas.
In the majority of healthcare centers located in remote areas, a pharmacist may not be present for the better part of the day to review medications ordered and administered by nurses or other pharmacists. This marks the premise of efficient telepharmacy programs. Not every hospital or healthcare center in a rural community can afford a pharmacist to be continuously present onsite. To mitigate this concern, PipelineRx has tailor-made telepharmacy solutions to cater to the specific needs of hospitals located in backward areas.
PipelineRx’s innovative telepharmacy solutions have been gaining considerable traction globally. These solutions are designed to help hospitals manage their pharmacy operations better and more precisely. The report summarizes the impact of the launch of such new technologies in simplifying the prevalent healthcare operations. Their contribution in fostering better patient care and treatment has been examined in detail. The report also studies the influence of recent technological advancements on the global telepharmacy market.
As with the majority of telehealth solutions, telepharmacy practices have also significantly expanded from healthcare centers located in rural areas to hospitals, military bases, long-term care facilities, naval ships, prisons, and physicians’ offices. Telepharmacy systems are integrated with novel technologies to effortlessly exchange information with telepharmacy systems. This has spurred the deployment of telepharmacy solutions across the world.
The report has pegged PipelineRx as one of the leading platforms globally providing medication management services. The company has recently announced funding worth US$9.1 mn by McKesson Ventures, AMN Healthcare, and Mitsui & Co. (U.S.A.) Inc. PipelineRx is likely to use the investment to strengthen its technology offerings such as integrated delivery network and develop work-flow models for better patient care.
Other companies in the market and profiled in the report include Telepharmacy Solutions Inc., Medication Review, Inc., and North West TelePharmacy Solutions.
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