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Astonishing growth in online pharmacy (E Pharmacy) market is expected to reach US$ 150,891.1 million by 2027, growing at an estimated CAGR of 14.8% over the forecast period as they make the life of patients simpler

12-20-2019 07:18 AM CET | Health & Medicine

Press release from: Absolute Markets Insights

Astonishing growth in online pharmacy (E Pharmacy) market

Prominent players operating in the global online pharmacy (E Pharmacy) market include Lloyds Pharmacy Limited, The Walgreen Company, CVS Health, OptumRx, The Kroger Co., and Netmeds amongst others

E-pharmacy, also known as an online pharmacy, internet pharmacy, or mail-order pharmacy, is an online service that is available via the use of the internet and serves customers by sending them online prescriptions to allow patients to get access to online medicines. It operates online and delivers products to the customers through various shipping channels. It delivers all types of pharmaceutical drugs, such as over the counter (OTC) drugs and prescription drugs. Growing applications of e-prescriptions have reduced access to pharmacy, which is contributing to the growth of the global e-pharmacy market. Increasing penetration of internet worldwide, growing investments made by private companies, and the rising number of steps taken by government bodies are some major factors propelling the global e-pharmacy market development. Moreover, the rising burden of diseases and escalating adoption IT in the healthcare sector are anticipated to further propel the growth of the e-pharmacy market. However, increasing practice of illegal online pharmacy, strict regulatory policies imposed by governments of various countries for improved quality of drugs and the increasing use of e-prescriptions and prescription drugs may hamper the e-pharmacy market growth globally over the forecast time period.

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The detailed research study provides qualitative and quantitative analysis of online pharmacy (E Pharmacy) in epilepsy market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major online pharmacy (E Pharmacy) market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:
• Global online pharmacy (E Pharmacy) market is expected to reach US$ 150,891.1 million by 2027 owing rising internet accessibility and increasing economic growth

• The prescription drugs segments is anticipated to witness considerable growth in the future years owing to increasing demand for e-prescriptions and strict regulatory compliances.

• A company named The Swiss Online pharmacy (E Pharmacy) is engaged in providing both branded and branded medications, hair loss remedies and weight loss pills. The sale of low cost generic medications has increased the demand for these medications all the more among consumers. Manufacturers that provide generic medication products are Finax, Finast, Fincar amongst others.

• The Swiss Online pharmacy (E Pharmacy) works directly with manufacturers of pharmaceutical products and is also a wholesaler for hospitals and other online pharmacies.

• North America held the largest share in 2018 and is expected to continue the same trend over the forecast period. Rising adoption of online services amongst the regional population has assisted the growth of North America online pharmacy (E Pharmacy) market. Established high street pharmacies such as Lloyds have a strong presence online, but consumers are increasingly familiar with companies that operates only online such as PillTime.

• Some of the online pharmacy (E Pharmacy) market participants engaged in providing online pharmacy (E Pharmacy) services are Lloyds Pharmacy Limited, The Walgreen Company, CVS Health, OptumRx, The Kroger Co., and Netmeds amongst others.

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Online pharmacy (E Pharmacy) Market:

By Product Category
• Prescription Drugs
• Over-the-counter Drugs (OTC)
By Product Type
• Synthetic
• Natural
By Product Delivery Mode
• In-store
• Home Delivery
By Application
• Hair
• Skin Care
• Weight Management
• Others (Sexual Health, Allergies Etc.)
By Geography
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
 Denmark
 Finland
 Iceland
 Norway
 Sweden
o Benelux Union
 Belgium
 The Netherlands
 Luxemburg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o New Zealand
o Australia
o South Korea
o Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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