Press release
European Online Pharmacy (E-Pharma) Market 2020 Technology Advancement and Outlook - Zur Rose Group, Shop Apotheke Europe NV, Medikamente-per-klick.de, Apotea AB
The European online pharmacy market is estimated to reach US$10.88 billion in 2023, growing at a CAGR of 4.20% for the period spanning from 2019 to 2023.
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Top Key Players in the European Online Pharmacy (E-Pharma) Market: Zur Rose Group, Shop Apotheke Europe NV, Medikamente-per-klick.de, Apotea AB and Apotal.de and Others.
The factors such as increasing aging population, increasing internet accessibility, growing e-commerce and rising economic growth are expected to drive the market. However, growth of the industry will be challenged by strict regulatory framework and practice of illegal online pharmacy. A few notable trends include adoption of new technology and launch of e-prescription.
The European online pharmacy market is broadly segmented into two types which are online over-the-counter drugs and online prescription drugs. The increasing demand for drugs for self-medication helped online over-the-counter market to remain at top position amongst all the segments.
The fastest growing regional market is Germany due to increasing internet penetration and awareness regarding online over-the-counter benefits that have a major impact on the growth of the market. Growing internet penetration is the major factor that would propel the online pharma market growth in European countries. France and Italy are highly established premium markets that contribute to significant shares in the European market.
The major regional markets have been analyzed, along with country coverage of Germany, France, Italy, Spain, Austria, Belgium and the Netherlands.
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Influence of the Online Pharmacy (E-Pharma) Market report:
-Comprehensive assessment of all opportunities and risk in the Online Pharmacy (E-Pharma) Market.
-Online Pharmacy (E-Pharma) Market recent innovations and major events.
-Detailed study of business strategies for growth of the Online Pharmacy (E-Pharma) Market -leading players.
-Conclusive study about the growth plot of the Online Pharmacy (E-Pharma) Market for forthcoming years.
-In-depth understanding of the Online Pharmacy (E-Pharma) Market -particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Online Pharmacy (E-Pharma) Market.
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