ePharmacy Market with Competitive Analysis, New Business Developments and Top Companies:2021

ePharmacy Market

ePharmacy offers numerous drugs and electronic prescriptions issued by certified pharmacists. They provide drug delivery at the remotest areas at competitive prices with discounts and secure payment gateway. ePharmacy also offers the replacement of certain products.

Currently, over 50 start-ups are operating in India's e-Pharmacy market, providing safe and affordable medicines to approximately 50 million patients per month, serving patients through over 19,000PIN codes. The sector employs around 30,000 qualified professionals. The e-pharmaceutical sector registered over 40 billion FDI from the world's top investors.

The Major Players Covered in this Report:
The Kroger Co., Walgreen Co., Wal-Mart Stores, Inc., CVS Health, Express Scripts Holding Company, Giant Eagle, Inc., DocMorris (Zur Rose Group AG), Rowlands Pharmacy, 1mg, Netmeds, Medline Industries, OptumRx, Inc. 

The ePharmacy market was valued at USD 49,990 million in 2019 and is expected to grow with a CAGR of 14.82% during the forecast study period.

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By Drug Type, Prescription drugs, Over the counter (OTC) drugs , By Product Type, Dental, Skincare, Vitamins, Cold and flu, Weight loss,

Increasing Use of Mobile Apps for Prescription Drugs

Online pharmacies offer products at competitive prices with faster delivery, licensed pharmacists verifying medication, and greater security. Increasing use of prescription smartphone devices and smartphone electronic prescription refill services drive the market growth. Companies such as Walgreens and CVS Pharmacy are offering smartphone devices that have the potential to make prescription refilling quick with new features like minute doctors, drug detectors, medication trackers, and non-health programs. For instance, CVS Caremark developed an iPhone app, which offers prescription refilling features.

Regional Analysis For ePharmacy Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the ePharmacy are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the ePharmacy in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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