ePharmacy Market 2019 Emerging Trends, Dynamics, Insights, Future Outlook, Size, Share and Global Industry Analysis Till 2023
ePharmacy Market Analysis By Product Type (Cold and Flu, Vitamin, Dental Care, Skin Care, Weight Loss), Drug Type, Key Players and Regional Outlook, Forecast To 2023
Pune, India – July 12, 2019 /MarketersMedia/ —
Global ePharmacy Market expected to capitalize with a striking CAGR over the forecast period (2018-2023). ePharmacy offers better convenience in purchasing medicine. This is discerned as a dynamic which is expected to spur the market growth, empowering it to touch an impressive valuation by the end of the assessment period.
The marked down price of medicines available on ePharmacy offers better affordability over traditional pharmacy stores. This is spotted as the primary factor that can bolster the ePharmacy market growth. Although, the cost to consumer is curbed down, due to the simplified distribution channel of ePharmacy, the profit garnered by ePharmacy vendors is left unscratched. The ePharmacy provides benefit of convenience in terms of doorstep delivery and facility of effortless automatic refills.
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The benefit of convenience in terms of doorstep delivery and facility of effortless automatic refills are factors expected to curate the expansion of the ePharmacy market. Patients suffering from chronic disease and geriatric population, they both require periodic refilling of medicines. A surge in such cases is subsequently resulting in the high demand for ePharmacy. ePharmacy also assures confidentiality of customer’s information and exposes consumer to a wide range of medicines sitting at home. These advantages coupled with the expeditious penetration of digitalization in our lives are efficiently amplifying the customer base of ePharmacy. The aforementioned factors are likely to reinforce the global market of ePharmacy expansion.
On the flip side, risk factors related to unauthorized pharmacies, unavailability of certain schedule of drugs, and lack of emergency support can hinder the ePharmacy market growth.
ePharmacy Market Segmentation
The global ePharmacy market study has been segmented in to
Product type
Drug type.
Based on the drug type, the market has been segmented into
over the counter (OTC)
prescription drugs.
Based on the product type, the market has been segmented into
cold and
flu,
vitamin,
dental care,
skin care,
weight loss,
Detailed Regional Analysis
On the basis of region, the ePharmacy market has been studied across
North America,
Latin America,
Asia Pacific,
Europe, and the
Middle East and Africa.
The strong distribution support in the North America is observed as a factor that is anticipated to propel the regional market. Similarly, Europe boasting of its firm medical supply chain, is likely to experience a significant growth of ePharmacy market. The emergence of numerous ePharmacy companies and highly supportive healthcare policies are factors that can impel the ePharmacy market growth in North America and Europe respectively. These regions register the highest geriatric populace which is identified to foster the ePharmacy market growth.
Dynamic economy and extensive scope for Foreign Direct Investment (FDI) are factors that are leveraging the APAC ePharmacy market growth. The ePharmacy market possesses high potential for growth in countries India, China, and Japan as they hold robust healthcare sector. Additionally, the growing use smartphones in the region that stretches over to rural areas and decent internet connectivity is adding a fillip to the ePharmacy market growth.
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Key Players
Secure Medical, Inc,
Walmart Stores, Inc,
Lloyds Pharmacy Ltd.,
PlanetRx, CVS Health,
Canada Drugs, Medisave,
Express Scripts Holding Company,
com Inc.,
Sanicare AB,
Walgreen Co.,
com,
The Kroger Co.,
Optum Rx, Inc.,
DocMorris,
Rowlands Pharmacy,
Giant Eagle, Inc.
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