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Global ePharmacy Market to be Driven by the Increasing Demand for Doorstep Delivery of Medicines in the Forecast Period of 2021-2026

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Global ePharmacy Market to be Driven by the Increasing Demand for Doorstep Delivery of Medicines in the Forecast Period of 2021-2026

February 04
08:35 2021
Global ePharmacy Market to be Driven by the Increasing Demand for Doorstep Delivery of Medicines in the Forecast Period of 2021-2026

ePharmacy Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | ExpertMarketResearch.com
The new report by Expert Market Research titled, ‘Global ePharmacy Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global epharmacy market, assessing the market based on its segments like types, operating platforms, business models, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 13%
• Forecast Market Size (2026): USD 131 billion

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/epharmacy-market/requestsample

The epharmacy market is being driven by the growing consumer demand for doorstep delivery of medicines and other healthcare products. The factors like the wide availability of e-pharmacies and their easy access using digital technology, transparency in pricing, and reduced cost, among others are aiding the industry growth. Further, the effortless and prompt delivery of products, with an option to choose among the various alternatives have increased its demand among consumers. The market is being aided by growing e-commerce industry, particularly in developing nations. Over the forecast period, the increasing consumer preference for contactless services, growing need to reduce healthcare expenditures, and increasing mergers and acquisitions by the leading players are expected to significantly boost the market growth.

Industry Definition and Major Segments

An epharmacy, also referred to as internet pharmacy, or mail-order pharmacy, is a platform which facilitates the online delivery and purchase of healthcare products using internet. It is particularly helpful for those patients who need long-term medication, thus, allowing them to access the product without actually visiting any medical store.

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/epharmacy-market

By type, the epharmacy industry can be segmented into:

• Over-The-Counter Products
• Prescription Medicine

The industry can be categorised based on operating platform into:

• Mobile Application
• Website

On the basis of business model, the industry can be divided into:

• Inventory
• Marketplace
• Direct

The regional markets for epharmacy include:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

The global epharmacy market is expected to be driven by the growing need to improve healthcare infrastructures and increasing demand for contactless services, particularly with the outbreak of the COVID-19 pandemic. Further, the increasing literacy regarding internet and epharmacy in emerging nations, coupled with the favourable government initiatives, is expected to provide enhanced growth opportunities to the industry. For instance, China and India are witnessing increased adoption of epharmacies, along with the increasing implementation of e-prescription in healthcare facilities. In March 2019, 1MG, a significant Indian online pharmacy company, received LegitScript certification by the National Association of Boards of Pharmacy (NABP), USA, thus, becoming the first-ever company in India to garner this certification. This will allow the company to win consumer trust and enhance its customer base. Such developments are expected to aid the industry growth in the forecast period.

Key Market Players

The major players in the market are CVS Pharmacy, Giant Eagle Inc., Express Script Holding Company, OptumRx, Inc., Walmart Corporate, and Medlife International Pvt.Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:138 Duane Street
City: New York City
State: NY
Country: United States
Website: https://www.expertmarketresearch.com/


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