Industry Report “ePharmacy Market Research Report-Global Forecast till 2023” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, detail information and strategies of top key players in the industry.
Online pharmacy that a patient can access via his/her mobile device and purchase medicines online is known as ePharmacy. A new report on the global ePharmacy market, published by Market Research Future (MRFR), predicts the market to experience immense growth during the forecast period (2017-2023).
Market Segmentation
The global ePharmacy Market segmentation encompasses drug type and product type. MRFR’s research on the market highlights many factors of the market in-depth.
By drug type, this market has been segmented into prescription drugs and over the counter (OTC) drugs. Based on product type, the market has been segmented into cold & flu, dental, skincare, vitamins, weight loss, and others.
Key Players
Big players in the global ePharmacy market are Canada Drugs (Canada), CVS Health (USA), DocMorris (Zur Rose Group AG) (Germany), drugstore.com Inc. (USA), eDrugstore.com (USA), Express Scripts Holding Company (USA), Giant Eagle Inc. (USA), The Kroger Co. (USA), Optum Rx Inc. (USA), Lloyds Pharmacy Ltd. (UK), Medisave (USA), PlanetRx (USA), Rowlands Pharmacy (UK), Sanicare AB (Sweden), Secure Medical Inc. (USA), Walgreen Co. (USA), and Walmart Stores Inc. (USA).
The most crucial market driving factors for the global ePharmacy market growth are increasing penetration of the internet and the proliferation of smartphone users. The modern gadgets and the internet facilitate the healthcare sector to deploy technologically advanced healthcare solutions including ePharmacy. Ease of use is another important market driving factor as it is easy for patients to order medicine online. High demand for online availability of medicines and medical devices is also enhancing the market growth. Other factors driving the ePharmacy market growth include the growth of e-commerce, the difficulty faced by offline retail providers to meet the skyrocketing requirements in remote areas, surging demand for healthcare services, rise in geriatric population, and increasing prevalence of chronic ailments. However, some factors that can hurt the market growth include low penetration of advanced technology in underdeveloped regions and limited availability of the internet.
Obtain Detailed Information of ePharmacy Market @
https://www.marketresearchfuture.com/reports/epharmacy-market-6615
Latest Industry News
Cipla is planning to enter the ePharmacy business with plans to invest USD 2,114,775 – USD 2,396,745 in Medlife,.
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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.
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