31st March 2020 – Global ePharmacy Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of ePharmacy industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, ePharmacy barriers, and feasibility study are the vital aspects evaluated in this report.
Market Tidbits:
The scope of the global ePharmacy Market was appreciated at US$ 33.03 billion in 2016. The range is projected to touch US$ 109.2 billion by 2025, growing at a CAGR of 14.8% for the duration of the forecast.
This is attributed to the upsurge in pharmaceutical products’ sale through electronic media. The use of Internet has been increasing at an alarming rate in the present scenario. Besides, rise in geriatric population calls for availability of medicines at the doorstep. This is another factor bolstering the e-Pharma market.
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Main features of the report:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global ePharmacy Market.
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global ePharmacy Market.
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the industry.
Market Segmentation:
The ePharmacy market is segmented based on mode and geography. By mode, it comprises direct and aggregator. By geography, the segmentation goes like North America (U.S., Mexico, and Canada), Europe (France, UK, Italy, Russia, Germany, and the rest of Europe), LATAM (Columbia, Argentina, Brazil, and the rest of LATAM), Asia Pacific (Japan, China, South Korea, Southeast Asia, India, and the rest of Asia Pacific), and MEA (Nigeria, Egypt, UAE, Saudi Arabia, and rest of MEA). North America leads the market; thanks to immediate adoption of advanced technology coupled with extensive spending on healthcare. Asia Pacific comes in second; with India being the torchbearer.
Indian market on the roll:
India is into rapid adoption of e-Commerce with improvement in digital payments’ infrastructure and mobile-first consumer behavior. Plus, government is increasingly focusing on quicker adoption of internet and healthcare spending. This is bound to not only add to the value for customers but also create loads of B2B opportunities henceforth. The verticals like fintech, consumer tech, e-Commerce, and hyperlocal space are looking upon e-Pharma as a promising investment in India as well as globally.
Indian players also have omnichannel presence; especially in the emerging tier-2 or tier-3 towns who are hands on with healthcare spending. This factor is also likely to boost the ePharmacy industry all over.
Players:
The players contributing to the ePharmacy market include Aurobindo Pharma, Doc Morris, Boehringer Ingelheim, AbbVie Contract Manufacturing, Express Scripts Holding Company, Walmart Stores, Inc., Pfizer Centre Source, Optum Rx, Inc., Walgreen Co., CVS Health, Inc., and Giant Eagle.
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Transparency Market Research (TMR) has published a new report titled, ‘ePharmacy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global ePharmacy market was valued at US$ 55.7 Bn in 2018 and is projected to expand at a CAGR of 12.3% from 2019 to 2027.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=397OverviewAn ePharmacy or internet pharmacy or online pharmacy is a pharmacy which operates through internet and post and send product to patients/customers through shipping or mail.
There are many drugs and services can be accessed online via online pharmacies which is also called as cyber pharmacies.ePharmacies sell variety of products online including OTC drugs which generally don’t need prescription, prescription drugs, health supplements, beauty products, etc.North America dominated the global ePharmacy market in 2018 and the trend is anticipated to continue during the forecast period.
Ease of access to the Internet via smartphones and availability of medicines that are otherwise difficult to find are some of the major driving factors responsible for the growth of the ePharmacy market.A lower possibility of getting wrong products and on-time delivery owing to a well-established supply chain are other factors favoring the market growth for ePharmacy over its brick-and-mortar counterparts.
The use of mobile apps in online pharmacy sector is increasing rapidly, with availability of several Android and iOS apps that enable patients to order prescriptions easily and quickly.According to Deloitte survey,19% of health care providers in the U.S. offer customer’s web-based prescription refill online program.
Large number of companies such as Walgreens and CVS Pharmacy offer mobile apps so as to make prescription refill easy and convenient with round to clock delivery.Mobile apps offers prescription QR scanners, photo centers to find out latest deals also offers many options for patients to deal with prescriptions.
The scope of the global ePharmacy Market was appreciated at US$ 33.03 billion in 2016.
The range is projected to touch US$ 109.2 billion by 2025, growing at a CAGR of 14.8% for the duration of the forecast.This is attributed to the upsurge in pharmaceutical products’ sale through electronic media.
Besides, rise in geriatric population calls for availability of medicines at the doorstep.
This is another factor bolstering the e-Pharma market.Download Sample Report @ https://www.millioninsights.com/industry-reports/epharmacy-market/request-sampleThe ePharmacy market is segmented based on mode and geography.
By geography, the segmentation goes like North America (U.S., Mexico, and Canada), Europe (France, UK, Italy, Russia, Germany, and the rest of Europe), LATAM (Columbia, Argentina, Brazil, and the rest of LATAM), Asia Pacific (Japan, China, South Korea, Southeast Asia, India, and the rest of Asia Pacific), and MEA (Nigeria, Egypt, UAE, Saudi Arabia, and rest of MEA).
North America leads the market; thanks to immediate adoption of advanced technology coupled with extensive spending on healthcare.
Global ePharmacy Market: Information by Drug Type (Prescription Drugs and Over the Counter (OTC) Drugs), Operating platform (App and Website), Business model (Marketplace, Pharmacy and Direct) and Region (Americas, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027Market HighlightsGlobal ePharmacy Market is expected to register a CAGR of 12.5% during the forecast period and expected to hit USD 164,829.5 Million by 2027.One of the progressive technology models, which have evolved in the last few years, is telemedicine that has enabled access to the finest doctors at the tap of a button.
The ePharmacy cuts down the long chain of distributors and directly provides medicine to the end user at a lesser price.
E-pharmacy is an online pharmacy, which operates over the internet and provides medicines to consumers through mail or shipping companies.Factors such as the rise in popularity of e-commerce platforms, increasing investments in ePharmacy start-ups and rising adoption of digital technologies in the healthcare sector are, are driving the growth of the ePharmacy market.
Additionally, the key players adopting the strategy of bringing in acquisition for expanded geographical reach as well as optimization of operational costs are also driving the growth of the ePharmacy market.
Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/6615Segment AnalysisGlobal ePharmacy Market has been divided based on drug Type, Operating Platform, and Business Model.The market, based on drug type, has been segregated into prescription drugs and over the counter (OTC) drugs.Based on operating platform, the ePharmacy market has been divided into app and websites.On the basis of business model, the ePharmacy market is segregated into the marketplace, pharmacy, and direct.Regional AnalysisThe global ePharmacy market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
According to a 2019 survey, 19% of health care providers in the U.S. offer a customer’s web-based prescription refill online program.
The scope of the global ePharmacy Market was appreciated at US$ 33.03 billion in 2016.
The range is projected to touch US$ 109.2 billion by 2025, growing at a CAGR of 14.8% for the duration of the forecast.
Besides, rise in geriatric population calls for availability of medicines at the doorstep.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/epharmacy-market/request-sample Market Synopsis of EPharmacy Market: The ePharmacy market is segmented based on mode and geography.
By geography, the segmentation goes like North America (U.S., Mexico, and Canada), Europe (France, UK, Italy, Russia, Germany, and the rest of Europe), LATAM (Columbia, Argentina, Brazil, and the rest of LATAM), Asia Pacific (Japan, China, South Korea, Southeast Asia, India, and the rest of Asia Pacific), and MEA (Nigeria, Egypt, UAE, Saudi Arabia, and rest of MEA).
North America leads the market; thanks to immediate adoption of advanced technology coupled with extensive spending on healthcare.
