E-pharmacy Market Growth Prospects 2018-2026 With Top Players LLOYDS Pharmacy Limited, Pharmacy2u Ltd., Gordons Direct, Shop Apotheke, CVS Health, Walgreen Company, Familymeds, Inc., The Medicine Shoppe Pharmacy

The E-pharmacy Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released E-pharmacy Market research report. The report has been added in his large database by Coherent Market Insights. This report is a guide which covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis.

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Few of the major companies operating in the global e-pharmacy (BPC) market include, LLOYDS Pharmacy Limited, Pharmacy2u Ltd., Gordons Direct, Shop Apotheke, CVS Health, Walgreen Company, Familymeds, Inc., The Medicine Shoppe Pharmacy, Cardinal Health, and Rite Aid Corporation.

The General Pharmaceutical Council defines an e-pharmacy or internet pharmacy as a registered pharmacy, which supplies medicines and other healthcare & personal care products and/or provides other professional services over the internet, or makes arrangements for the supply of such products or provision of such services over the internet.

Increasing customer preference towards e-pharmacy is attributed to ease and convenience in ordering and accessing websites. Customers can also access a wide range of products at competitive prices at single click of a button, which further increases consumer preference toward e-pharmacy stores. For instance, in 2016, according to a survey conducted by Consumer Online Foundation and Bureau of Research on Industry and Economic Fundamentals (BRIEF), 61% people prefer to buy medicines online in India.

Furthermore, as online pharmacies do not have a physical pharmacy, they are able to keep the costs low and can offer products at attractive prices. Therefore, lower prices, discounts, and varied package offers and free home delivery services with preferred time and address are some of the major advantages offered by e-pharmacy facilities.

Market Dynamics

E-pharmacy beauty and personal care (BPC) market was valued at USD 7.69 billion in 2018 and is predicted to grow further recording a CAGR of 11.4% over the forecast period. Factors such as changing lifestyles, rising number of youth and working population, along with increasing awareness about personal care and beauty products is contributing to high demand for personal care products.

In 2018, North America held dominant position in the global e-pharmacy (BPC) market. The market growth is driven by rising geriatric population along with growing disposable income. Increasing disposable income coupled with large base of young consumers is expected to boost demand for personal & beauty care products, thereby boosting the sales of e-pharmacy beauty and personal care products.

According to Trading Economics Statistics on Disposable Personal Income in the U.S., the disposable personal income in the U.S. averaged US$ 5,200.2 billion in 1959, which increased to US$ 15,742.81 billion in November 2018. Asia Pacific e-pharmacy (BPC) market is expected to exhibit a CAGR of over 14% during the forecast period.

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Questions have been answered at E-pharmacy Market report:
• Economy Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, along with Strategies)
• The length of the global E-pharmacy market opportunity?
• How share promote E-pharmacy their worth from different manufacturing brands?
• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
• Which will be the anticipated growth rates for your own E-pharmacy economy altogether and also for every segment inside?
• Which will be the E-pharmacy application and types and forecast accompanied closely by producers?

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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.

This release was published on openPR.