#telepharmacy

The global telepharmacy market was valued at USD 10.00 billion in 2024 and is projected to grow from USD 10.50 billion in 2025 to USD 20.68 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period.

Telepharmacy refers to the provision of pharmaceutical care through telecommunication technologies, such as phone calls or online platforms, allowing pharmacists to offer their services remotely. This approach significantly improves access to pharmaceutical services, particularly in rural and underserved regions, while also enhancing medication management and patient adherence. The market growth is being driven by the increasing number of new entrants globally, coupled with rising awareness of the convenience and benefits associated with telepharmacy solutions.

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Market Trends:

Increasing Focus on Partnerships to Strengthen Market Position

The telepharmacy market is witnessing rapid growth, driven by the rise of numerous small and mid-sized companies, intensifying competition across the industry. To enhance their market presence and broaden service offerings, key players are increasingly pursuing strategic partnerships and collaborations. For example, in September 2023, American Well and Health Gorilla launched a new capability within the Amwell Converge platform to improve data interoperability. Additionally, in October 2023, American Well partnered with Discovery Health to introduce digital therapeutic benefits in South Africa, supported by insurance coverage. These collaborative efforts have significantly boosted the efficiency and appeal of telepharmacy services, contributing to increased adoption globally.

Market Segmentation:

By Service Type

The remote dispensing segment led the telepharmacy market in 2024, driven by growing patient preference for home delivery of medications, especially for refills. Benefits such as convenience and cost savings compared to offline pharmacies have boosted its adoption. For instance, in October 2024, GoodRx offered QSYMIA capsules at discounted rates across 70,000 U.S. retail pharmacies. The patient counseling segment is projected to grow at the fastest rate, supported by its role in improving medication adherence and clinical outcomes through personalized education and timely reminders.

By Modality

The store-and-forward (asynchronous) modality dominated in 2024 due to its flexibility and efficiency in handling prescription reviews and chronic disease management. Meanwhile, the real-time (synchronous) segment is expected to grow at the highest CAGR, fueled by rising demand for instant virtual consultations through phone or video.

By End-user

The homecare segment held the largest market share in 2024 and is expected to maintain dominance, driven by the shift toward home-based care for chronic conditions like diabetes. Healthcare facilities also captured a significant share, supported by innovations such as Teladoc Health’s AI-powered Virtual Sitter launched in November 2024 to enhance hospital safety and reduce staffing challenges.

List Of Key Telepharmacy Market Players Profiled In This Report:

GoodRx (U.S.)

CarepathRx (U.S.)

LOCKE BIO (U.S.)

HevaHealth (Indonesia)

NeoHomeRx Technologies Ltd. (Nigeria)

American Well (U.S.)

Teladoc Health, Inc. (U.S.)

eleClinic GmbH (Germany)

Kranus Health GmbH (Germany)

MedKitDoc (Germany)

Medley Medical Solutions Pvt. Ltd (India)

Cardinal Health (U.S.)

Market Drivers:

Increasing Focus of Market Players on New Service Launches to Fuel Market Growth

Rising awareness about the benefits of telepharmacy is significantly boosting its global demand. Telepharmacy plays a vital role in improving access to pharmaceutical care in remote and underserved regions, where frequent visits to physical pharmacies or healthcare facilities are often challenging. By enabling remote consultations, medication counseling, and prescription dispensing, telepharmacy enhances medication adherence and healthcare outcomes.

The growing demand for virtual counseling and remote drug dispensing services has encouraged market players to expand and innovate their service offerings. Leading companies are launching new platforms and forming strategic partnerships to meet this demand and strengthen their market presence. For example, in October 2024, GoodRx launched a new e-commerce solution in collaboration with Opill, providing customers with direct-to-consumer access to medications and healthcare products delivered directly to their homes. Similarly, American Well partnered with Hello Heart in the same month to integrate a cardiovascular health risk management solution into its Amwell Converge clinical program platform.

These initiatives highlight the commitment of market players to advance the telepharmacy ecosystem. As a result, increased awareness among consumers, combined with expanding service capabilities by key players, is driving the continued growth and global penetration of the telepharmacy market.

Market Restraints:

Rising Fraudulent Activities Through Telepharmacy Platforms to Hamper Market Expansion

While the telepharmacy market continues to grow rapidly, it is also facing challenges due to rising incidents of fraudulent activities associated with telepharmacy websites. The surge in new entrants—particularly small and mid-sized companies—responding to increased demand for virtual counseling and remote dispensing services has inadvertently opened the door to potential misuse and malpractice. Regulatory bodies across various regions have reported instances where telepharmacy executives or investors engaged in unethical practices, including the distribution of counterfeit drugs or the issuance of fraudulent prescriptions. For instance, in 2023, an investor linked to South Bend Specialty Pharmacy (SBSP) was accused of participating in a scheme that involved the distribution of unnecessary and overpriced medications. Likewise, in July 2024, a telepharmacy company based in Iowa, U.S., faced allegations of selling fake Ozempic—a drug used for diabetes and weight management—to a company located in Michigan. Such incidents highlight the vulnerabilities in telepharmacy operations and have led to increased regulatory scrutiny. These fraudulent activities not only damage public trust but also pose serious health risks, thereby hindering the overall growth and adoption of telepharmacy services on a global scale.

Regional Analysis:

North America

North America led the global telepharmacy market in 2024 with a value of USD 4.56 billion, driven by the strong presence of key players like CarepathRx, LOCKE BIO, and American Well. The U.S. dominated the regional market due to rising awareness of virtual pharmacist consultations.

Europe

Europe held a significant market share in 2024, supported by the growing adoption of digital healthcare platforms. The WHO’s Digital Health Action Plan, adopted by 53 member states in 2022, further accelerated regional growth.

Asia Pacific

Asia Pacific is expected to grow at the fastest rate during the forecast period, driven by rapid digital health adoption, especially in rural areas, and ongoing advancements in healthcare technology.

Latin America & Middle East & Africa

These regions are projected to experience steady growth, fueled by a large underserved population and increasing awareness of telepharmacy benefits such as virtual counseling and remote drug dispensing.

Key Industry Developments:

October 2024 – GoodRx launched menopause support programs in partnership with Pfizer, aiming to expand access to essential medications for women at more affordable prices.

Remember the days of running to the pharmacy after work, only to find a long line and a wait that stretched into dinnertime? Thankfully, those days are becoming a thing of the past. Telepharmacy, a rapidly growing service, puts the pharmacy in your pocket, offering convenience and personalized care at your fingertips.

So, what exactly is telepharmacy? It’s a virtual pharmacy service that allows you to connect with a licensed pharmacist via phone, video call, or secure messaging apps. You can discuss your prescriptions, ask questions about medications, and even get refills – all from the comfort of your couch (or wherever you happen to be!).

Here’s why telepharmacy might be a game-changer for you:

Convenience Unmatched: No more waiting in lines! Telepharmacy lets you connect with a pharmacist on your schedule, whether during your lunch break or late at night.

Refills Made Easy: Gone are the days of digging through drawers for prescription bottles. With telepharmacy, you can quickly request medication refills online or through a mobile app.

Expert Advice at Your Fingertips: Telepharmacy consultations allow you to discuss your medications with a knowledgeable pharmacist. They can answer your questions, address concerns, and offer practical medication management tips.

Improved Medication Adherence: Sometimes, forgetting to take medication is a hassle. Telepharmacy can help with that! Some services offer medication reminders and synchronization, ensuring your prescriptions are refilled simultaneously.

Accessibility for All: Telepharmacy can be a lifesaver for people with limited mobility or those who live in remote areas. It eliminates the need for travel, making it easier for everyone to access essential pharmacy services.

But is telepharmacy right for everyone? While it offers numerous benefits, it’s essential to consider your individual needs. If you have complex medical conditions or prefer face-to-face interaction with your pharmacist, traditional pharmacies might still be the way to go. However, for many people, telepharmacy offers a convenient and effective way to manage their medications.

Here are some things to keep in mind if you’re considering telepharmacy:

Find a Licensed Pharmacist: Make sure the telepharmacy service you choose employs licensed pharmacists who can provide expert advice and manage your prescriptions securely.

Check Your Insurance: Some plans may cover telepharmacy consultations, so it’s worth checking with your provider.

Ask Questions! Don’t hesitate to ask the pharmacist any questions you might have about your medications or the telepharmacy service itself.

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Telepharmacy in medical care started to take shape in early 2000 when the North Dakota State Board of Pharmacy reported the loss of community pharmacies in 26 of the state’s rural communities and warned that more were at risk. Consequently, the board set up pilot rules for telepharmacy in 2001. Intending to help the state’s medically underserved remote rural communities restore and retain pharmacy services virtually.

The very next year, the North Dakota State University (NDSU) College of Pharmacy, against a federal grant, implemented a statewide telepharmacy program and tested for the new telepharmacy pilot rules. These successful pilot rules induced the state’s board of pharmacy to set up permanent rules so that telepharmacy could be practiced on a larger scale.

In 2008, a study conducted by NDSU reported telepharmacy as a safe, secure, and most effective way to deliver pharmacy services in areas without full-time pharmacists. This prompted other states to change and revise their lawsuits to permit telepharmacy. However, the use of telepharmacy was not embraced by all states then. If the figures are concerned, 16 states, or can say one out of three, didn’t permit the use the telepharmacy or the pursuit of telepharmacy alternatives.

However, after a long wait of 11 years, a substantial change was witnessed in the figures of states that approved the use of telepharmacy. In early 2019, Drug Topics reported that 45 states allowed telepharmacy with different rules and regulations for its use on a large scale.

Since then, telepharmacy has kept growing in its usage with the onset of COVID-19 in 2020. As the federal government quickly promoted telepharmacy as a way for pharmacists and patients alike to mitigate their chances of exposure to the novel coronavirus. Also, the U.S. Department of Health and Human Services developed several initiatives to promote telepharmacy and telehealth services among people and healthcare service providers.

What is Telepharmacy?

Telepharmacy in healthcare can be understood as delivering pharmaceutical products and care to patients in distant places through telecommunications and information technologies. Here are some of the services patients can avail of with telepharmacy.

Patient counseling

Drug therapy monitoring

Refill authorization for prescribed drugs.

Monitoring and formulary compliance through videoconferencing

Prior authorization of prescribed drugs & more.

For a much better understanding, telepharmacy is an offsite pharmacy team that connects and consults with another pharmacy team, patients, or doctors at a central state through audio and video technology. It supports sharing patient records electronically, and staff works with the connected pharmacy information systems to help provide services remotely.

Other than this, telepharmacy in medical care provides services like training, education, and management services to pharmacists through videoconferencing in the pharmacy world.

Why is Considering Telepharmacy Good for Pharmacists and Pharmacy Technicians?

Here are six significant reasons that advocate why pharmacists and pharmacy technicians should strongly consider telepharmacy or becoming telepharmacists.

Massive Growth in Telepharmacy

As of now, telepharmacy-specific data is unavailable. Through, going through the vast telehealth data, we can analyze the tremendous growth in telepharmacy. As per the Fair Health report, telehealth claim lines observed an increase of nearly 3,600% nationally from August 2019 to August 2020. Rising from 0.2% of medical claim lines in August 2019 to 6.1% in August 2020. At the same time, the McKinsey report reveals an increased use of telehealth services among U.S. consumers from 11% in 2019 to 46% in August 2020. These records clearly showcase a potential growth for pharmacists and pharmacy technicians in telepharmacy if they pursue work as telepharmacist. Telepharmacy, no doubt, has a bright future with great potential.

Highly Supportive to Patients

Telepharmacy in medical care is a highly efficient and effective way to help patients. With telepharmacy software, pharmacy professionals can easily make a difference in patients’ lives. They can support patients with reduced access to care (e.g., rural communities) and vulnerable populations. For vulnerable populations, telepharmacists can deliver services without letting them leave their homes. Other than this, they can also provide them with comprehensive medication management.

Convenience

While some telepharmacy specialist organizations lay out an area for their telepharmacists to work out of, others grant their telepharmacists to work from a distance for certain provisos. Telepharmacists should have the option to offer types of assistance and solidly catch patient information. The American Pharmacists Association expresses, “similar HIPAA prerequisites exist for medical services suppliers, whether they manage patient consideration face to face or by best telehealth platforms.

Electronic documents should be put away safely, and additional insurance should be taken to guarantee that the two sides of the telehealth conference (i.e., both the drug specialist’s and the patient’s surroundings) are private.” Assuming drug specialists can meet these prerequisites in any place they expect to give telepharmacy administrations, then filling the job of a telepharmacist ought to be basic and helpful.

Flexibility

Although telepharmacy specialist co-ops might anticipate that their telepharmacists should meet a few legally binding necessities concerning administration conveyance (e.g., number of hours or patients upheld in seven days/month), telepharmacists frequently have adaptability concerning their plan for getting work done. This adaptability likewise implies drug specialists and drug store specialists might have the option to “try out” the experience of filling in as a telepharmacist for restricted hours and afterward investigating the valuable chance to extend their job or potential obligations in the event that they find the experience fulfilling and beneficial.

Supplemental Income

Because drug store experts with full-time positions might have the option to require hours before or after their movements and on days off, telepharmacy in medical care can be an extraordinary way for drug specialists and drug store specialists to procure supplemental pay. Telepharmacy specialist co-ops might be searching for drug store experts able to work short — or at times lengthy — shifts constantly and on the entire days of the week.

Foster New Skills and Strengthen Existing Skills

While numerous telepharmacy administrations are additionally given face-to-face, drug store experts might be presented to new administrations through their telepharmacy work. For instance, measurements show that most 50–60% of patients get post-release prescription compromise (MRP) regardless of its demonstrated advantages of reducing preventable readmissions. Drug and drug store specialists that become telepharmacists might perform MRP interestingly or substantially more regularly.

There’s always one question remains in consideration that how to convey virtual consideration encounters successfully, so telepharmacists figure out how to become better communicators. Video connections have their elements. Telepharmacists figure out how to successfully tune in and investigate the camera while talking with a patient or guardian. With additional administrations going virtual, creating or improving these abilities will demonstrate the importance in the short and long haul.

Telepharmacy Market Growth, Overview with Detailed Analysis 2022-2028

This report studies the Telepharmacy Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Telepharmacy Market analysis segmented by companies, region, type and applications in the report. The report…