openPR Logo
Press release

E-pharmacy Market In-depth Research & Key Company Profiles are Express Scripts Holding Company, CVS Health, Zur Rose Group AG, Giant Eagle, Walmart Stores

12-06-2018 08:20 AM CET | Media & Telecommunications

Press release from: Coherent Market Insights

E-pharmacy

E-pharmacy

The global e-pharmacy market was valued at US$ 31.5 Bn in 2016 and is expected to witness a CAGR of 16.5% over the forecast period (2017–2025).

Increasing penetration of online pharmacy due to lucrative strategies deployed by key players

Offers and discounts on E-pharmacy channel is a major factor attracting consumers towards it. For instance, as on April 2018, 1mg, an E-pharmacy company in India, is providing a discount of 12% on over-the-counter (OTC) drugs. Free home delivery, and free returns are other two important and attractive features of E-pharmacy channel. Thus, evolution of E-pharmacy channel has resulted in availability of products at every doorstep and also, at significantly lower price. Moreover, increasing internet penetration across the globe has expanded the customer base for these E-Pharmacy companies. For instance, according to data published by World Bank, only 12.58% of total population were using internet in 2012 in India, which has increased to 29.5% in 2016. The growth rate of internet coverage is similar in developing economies such as China, Brazil, and Mexico.

Get HOLISTIC Request Sample Copy Of This Business Report:
https://www.coherentmarketinsights.com/insight/request-sample/1544

Uncertain regulations

Selling of illegal drugs online is a major concern for regulatory bodies across the globe. Hence, various governments are working on formulating policies to regulate the E-pharmacy business. In U.S., Food and Drug Administration (FDA) has ruled that importing prescription drugs is illegal. All the online pharmacies that are supplying medication in the U.S. must be physically present in the U.S. Furthermore, all the online pharmacy companies need to be licensed at the state-level. However, it does not need require physical presence in state, it just needs to get licensed if it wants to deliver its products in a particular state. The Central Drugs Standard Control Organization (CDSCO), the regulator for pharmaceuticals and medical devices in India, and the health ministry are also working on framing some policies to encouraged online pharmacy companies to sell quality medicines.

E-pharmacy companies have gained significant market share in urban, however, these companies have not been able to effectively target rural areas. Low literacy rate, lack of internet facilities, weak supply channel, and lack of awareness about these channels are the prime reasons for this scenario. Moreover, rural population still accounts for significant share in total population. According to the World Bank data, about 2 in 3 people in India, and 2 in 5 in China lives in rural area in 2016. High percentage of population living in rural areas with low or no access to online pharmacy has inhibited the growth of E-pharmacy market.

Increasing investment by private players and initiatives taken by governments is expected to drive growth of the global e-pharmacy market

Key players in the market are majorly investing to scale-up online pharmacy business, which is projected to drive growth of the global e-pharmacy market in the near future. For instance, in 2017, Zur Rose AG, a Switzerland-based online pharmacy company, invested US$ 237 million to expand its business in Germany. Furthermore, initiatives taken by government to establish well developed online infrastructure and provide high speed internet connection is driving growth of the market. For instance, in 2015, Indian government launched Digital India program with the motto 'Power to Empower'. Under this program, government aims to digitalize India by providing high-speed internet networks in rural areas. Such initiatives by Indian government is expected to positively affect the E-pharmacy market over the forecast period.

Download the PDF brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/1544

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release E-pharmacy Market In-depth Research & Key Company Profiles are Express Scripts Holding Company, CVS Health, Zur Rose Group AG, Giant Eagle, Walmart Stores here

News-ID: 1421068 • Views: 505

More Releases from Coherent Market Insights

Industrial Water Management Market To Rise Demand, Analysis By Revenue of Top Pl …
Industrial water management involves deployment of sustainable solutions for water and wastewater management in industries to ensure optimum utilization of fresh water sources and of water conservation. These solutions aid companies to reduce adverse environmental impacts, enhance their internal workflow processes with optimum costs, and adhere to stringent regional regulations. These solutions have environmental, social, and economic benefits and this is expected to aid the companies in the near future. Download
Sarcopenia Treatment Market In-depth Study 2019: GlaxoSmithKline, Radius Health …
Coherent Market Insights Market Reports offers 2019 Depth Insights report on Global Sarcopenia Treatment market that evaluates industry growth trends, through historical data and estimates future prospects based on comprehensive research. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the adoption trends for the period 2018-2026. The Sarcopenia Treatment market research report displays the latest industry insights with future trends and analysis
Testosterone Replacement Therapy Market Boosting Growth By Top Players AbbVie, I …
Coherent Market Insights Market Reports offers 2019 Depth Insights report on Global Testosterone Replacement Therapy market that evaluates industry growth trends, through historical data and estimates future prospects based on comprehensive research. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the adoption trends for the period 2018-2026. The Testosterone Replacement Therapy market research report displays the latest industry insights with future trends
Hepatitis C Drugs Market 2019 | Rapid Growth by Players Merck & Co. Inc., Vertex …
Coherent Market Insights Market Reports offers 2019 Depth Insights report on Global Hepatitis C Drugs market that evaluates industry growth trends, through historical data and estimates future prospects based on comprehensive research. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the adoption trends for the period 2018-2026. The Hepatitis C Drugs market research report displays the latest industry insights with future trends

All 5 Releases


More Releases for India

01-17-2011 | Health & Medicine
KJIVF
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will
ISO 27001 india, 27001 training india ISO, 17799 training india ISO, Compliance …
Our foundation of service delivery is based on sound research - thereby customers realizing definitive delight and Assurance resilience in their management system. We provide Consulting Services for ISO 27001 india, 27001 training india ISO,17799 training India ISO Security, BCM/BS25999, SAS 70, COBIT Implementation, Annual Compliance Check, Best Practices Implementation, & Quick Gap Analysis. It is a set of ‘best practices’ controls - management and systems - that enables