Global E-Pharmacies Market- Global Demand, Sales, Consumption and Forecasts to 2019-2026

 Summary – A new market study, titled "Report keyword" has been featured on

WiseGuyReports.


Global e-pharmacies market is expected to grow at a CAGR of XX% to reach a market value of

USD XXX million by 2026.

E-Pharmacies are internet based vendor, delivers medicines and medical products at your

doorsteps. In most of the cases, the prescriptions can be communicated through an electronic

medium to get the medicines dispensed, which helped in the transformation of the

conventional drug dispensing or retail pharmacy management. The goal of e-pharmacy other

than improving patient care and safety is to reduce racial and ethnic disparities. The advantages

provided by e-pharmacies compared with retail stores include convenience, cost-effective,

accessibility and generic medicines.

 

Also read – https://www.medgadget.com/2020/08/e-pharmacies-2020-effect-of-covid-19-

market-analysis-company-profiles-and-industrial-overview-research-report-forecasting-to-

2026.html

Market Drivers:

Benefits provided by e-pharmacies such as availability of medicines at affordable prices, access

to information on the prescribed data, shift towards self-diagnosing from the direct doctor-

patient relations and increase in digital health is driving the e-pharmacies market, and is also


expected to remain high over the forecast period. Huge discounts from e-commerce companies

have lured consumers to shop more than required. E-pharmacies can save as much as 95% on

medication compared with local pharmacies.

Market restraints:

Increase in the number of illegal online pharmacies is hindering the global e-pharmacies

market. According to Alliance For Safe Online Research in 2018 claims that each month 600

new illegal pharmacies are launched globally and does not follow government regulations.

Market Segmentation

By product type

he global e-pharmacies market is segmented on drug type includes over the counter and

prescription. Prescription drugs dominate the global e-pharmacies market due to its increase in

chronic disease prevalence , extensive usage and increase in geriatric population and it is

expected to remain high during the forecast period.

According to the study conducted by Pharmacy Checker in 2015, it was found that 4 million

Americans imported prescription medicine through e-pharmacies because of cost.

By geography

North America dominates the global E-pharmacies market in 2018, due to the high number of

internet users and high adaptability to online services.

India is the fastest growing market in Asia Pacific region for global E-pharmacies market due to

an increase in a number of e-pharmacies, cost-effectiveness and fast track delivery at

doorsteps, and expected to rise during the forecast period.

According to the Internet And Mobile Association of India in December 2017, India is estimated

to have more than 481 million active users and ranks 13th in the global e-pharmacy in terms of

value and 3rd in terms of volume.

According to the study conducted by Consumer Online Foundation And The Bureau Of Research

On Industry And Economic Fundamentals in July 2016 found that in India 2/3rd of consumers

prefer to order medicines online and the majority of the age group that orders online are

between 55-74 years. The majority of consumers quoted that low prices and discounts and

savings on purchases would be the biggest advantage.

Competitive Landscape

Merger and acquisitions between major e-commerce sites and e-pharmacies to enhance their

service are driving the global E-pharmacy market.

In September 2018, NetMeds acquired telemedicine portal JustDoc in a cash-and-stock deal

and received $35 million on Series C funding from Daun penh’s investment holding, Singapore.

In July 2018, Amazon acquired Pillpack online pharmacy for less than $1 billion.

In November 2018, Medlife acquired health tech startup Eclinic 24/7 for e-pharma expansion.

In September 2017, 1mg technologies pvt.ltd acquired Varanasi based healthcare startup

dawailelo.com.

In December 2016, 1mg technologies Pvt. Ltd has acquired Mumbai based MediAngels to enter

into specialty doctor consultations, corporate health services, and insurance partnerships.

In July 2016, Walgreens invested $416 million in Chinese pharmacy chain Sinopharm Gouda.

Target Audience

• Raw Material Suppliers/ Buyers


• Product Suppliers/ Buyers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturer


 

For more details - https://www.wiseguyreports.com/reports/3792036-global-e-pharmacies-

market-2019-2026


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