The E-Pharmacy Market is likely to expand at a stellar CAGR after recent improvements in marketing and delivering pharmaceutical products at the doorstep of customers. According to a report by Fortune Business Insights, titled ‘E-Pharmacy: Global Market Analysis, Insights and Forecast,’ the market is likely to grow in the coming years due to rapid adoption and an increasing demand for doorstep- deliverable medicines.
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The initial drawbacks in limitations of delivering prescription based drugs have now been overcome. Customers have the option of uploading prescriptions, online, and after verifications, prescription drugs can be delivered too. Growing penetration of internet in the e-pharmacy market in the recent years has been a major driving factor. According to research statistics by the World Bank, in 2010, around 34% of the population in China was using internet and this was estimated to rise to almost 54% by 2016. Such high internet usage indicates more end-user coverage in the global e-pharmacy market. The global e-pharmacy market is likely to grow in the forecast period, due to increasing demand for deliverable medicines.
Key Players Operating in The ePharmacy Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- DocMorris
- CVS Health Corporation
- Express Script Holding Company
- Walgreen Co.
- Optum Rx, Inc.
- Giant Eagle, Inc.
- Walmart Stores, Inc.
- Rowland Pharmacy
- The Kroger Co.
- Other players
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Key Market Players to Focus on Bagging Funds for Expanding Online Platforms
Several key market players operating in the global ePharmacy market have begun exploring and implementing new strategies to provide the consumers with smooth service. Fortune Business Insights has listed a few key developments that have occurred in the global ePharmacy market since the past few years:
- Meds, a Swedish online pharmacy announced in January 2019 that it raised US$ 5.5 million in a funding round conducted by Inbox Capital, a family-owned venture capital company, headquartered in Sweden. The total amount of the startup has increased to US$ 10.5 million. Meds sells healthcare, beauty products, prescription, and non-prescription drugs. They have received permission from the Swedish Medical Product Agency to sell those. According to the company, approximately 40% of the sales come from the households in the Stockholm area as the home delivery service takes less than two hours. After receiving the funds, the company declared that it would soon expand their area of delivery to both Gothenburg and Malmö. Also, the company has planned to expand its warehouse area.
Some of the leading companies that are operating in the global e-Pharmacy market worldwide are MediSave, The SANICARE Group, eDrugstore.MD, Rowlands Pharmacy, CVS Caremark,CanDrugstore.com, Domzdrowia.pl SA, drugstore.com Inc, CanadaDrugs.com, and Walgreen Co.
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According to the World Bank, approximately 84% populace in Germany depend on Internet and around 75% populace in the U.S. are subscribers of the Internet, which augments the global ePharmacy market growth.
Fortune Business Insights states that the global ePharmacy market is projected to reach US$ 177,794.9 Mn by 2026, thereby exhibiting an impressive CAGR of 17.3% during the forecast period (2019-2026).
According to a published report by Fortune Business Insights, titled, “ePharmacy: Global Market Analysis, Insights and Forecast, 2019-2026,” the global ePharmacy market will witness notable growth during the forecast period due to the technological advancements based on artificial intelligence.Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/epharmacy-market-100238Fortune Business Insights has profiled some of the prominent market players operating in the global ePharmacy market.
They are as follows:DocMorrisCVS Health CorporationExpress Script Holding CompanyWalgreen Co.Optum Rx, Inc.Giant Eagle, Inc.Walmart Stores, Inc.Rowland PharmacyThe Kroger Co.Other playersIncreasing Adoption of E-commerce Websites to Favor Growth in Asia PacificGeographically, the global ePharmacy market is grouped into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America.
The growth is attributed to the rapid shift of consumers towards online retailers from offline pharmacies.
Also, increasing usage of smartphones and high speed of the Internet are expected to aid North America in gaining the highest global ePharmacy market share in the forthcoming years.
The latest trending report Global E-Pharma Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global e-Pharma market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.0% in the forecast period of 2020 to 2025 and will expected to reach USD 53820 million by 2025, from USD 39510 million in 2019.The e-Pharma market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46727-e-pharma-industry-analysis-reportThe major players covered in E-Pharma are:KrogerRowlands PharmacyWalmartWalgreensOptum RxGiant EagleCVS HealthExpress ScriptsZur Rose GroupBy Type, E-Pharma market has been segmented into Pharmacy Benefit manager Legitimate Internet pharmacy Illegal or Unethical Internet PharmacyBy Application, E-Pharma has been segmented into: Hospitals Personal Use Government ResearchThe report offers in-depth assessment of the growth and other aspects of the E-Pharma market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global E-Pharma Market @ https://www.decisiondatabases.com/contact/download-sample-46727The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe e-Pharma product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of e-Pharma, with price, sales, revenue and global market share of e-Pharma in 2018 and 2019.Chapter 3, the e-Pharma competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the e-Pharma breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, e-Pharma market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe e-Pharma sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global E-Pharma Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46727Other Reports by DecisionDatabases.com:Global Pharmaceutical Filtration Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Radiopharmaceuticals Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Pharmaceuticals Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com
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