Press release
Global e-Pharma Market Booming Demand Leading To Exponential CAGR Growth By 2028
Global e-Pharma Market
Global e-Pharma Market analysis report includes CAGR value fluctuations with respect to rise or fall for the certain forecast time. The data collected to produce this industry report is based on the data collection modules with large sample sizes. The vital highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. What is more, rising product trends, major drivers, challenges and opportunities in the market are recognized and analysed factually while generating this report. With the use of well established tools and techniques in the first class report, complex market insights are turned into simpler version.
Global e-Pharma Market is expected to rise from its initial estimated value of USD 33.71 billion in 2018 to an estimated value of USD 101.69 billion by 2026 registering a CAGR of 14.80% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and demand of medicines in these populations.
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Key Market Competitors:
Few of the major market competitors currently working in e-pharma market are Boehringer Ingelheim International GmbH, AbbVie Inc., Aurobindo Pharma, Pfizer Inc., Walmart Inc., Walgreen Co., Express Scripts Holding Company, The Kroger Co., L Rowland & Co, DocMorris, Giant Eagle, Inc., OptumRx, Inc., CVS Health, Merck & Co., Inc., Thermo Fisher Scientific.
Competitive Analysis:
Global e-Pharma market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of e-Pharma for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global e-Pharma Market By Type (Pharmacy Benefit Manager, Legitimate Internet Pharmacy, Illegal or Unethical Internet Pharmacy), Application (Hospitals, Personal Use, Government Research), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Definition: Global e-Pharma Market
E-Pharma market is a way of transaction between pharmaceutical companies and pharmacies. E-pharma market is one of the recent innovations that has emerged as a most convenient way to order medicines. Broadly, there are 3 types of e-pharma exist in the market which are: Organized e-pharmacy, Non-organized e-pharmacy and illegal international trade through e-pharmacy. E-Pharmacy is beneficial to common people in many ways by providing: Consumer convenience, Consumer access, Consumer education, Data records, Medicine authenticity.
Market Drivers
Increasing aging population is driving the growth of this market
Rising prevalence for e- prescriptions is another factor driving the market growth.
Market Restraints
Rising number of illegal online pharmacies is restraining the growth of this market
Availability of fake drugs online is another factor restraining the market growth
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Segmentation: Global e-Pharma Market
By Type
Pharmacy Benefit Manager
Legitimate Internet Pharmacy
Illegal or Unethical Internet Pharmacy
By Application
Hospitals
Personal use
Government research
Key Developments in the Market:
In December 2018, Giant Eagle Inc. announced its acquisition with Ricker Oil Company Inc. The main of the acquisition is to expand Giant Eagle’s GetGo and Ricker’s brand in Indiana market and provide customers with fresh products and services.
In February 2016, Wal-Mart Stores, Inc. announced the agreement McKesson Corporation for the distribution of generic pharmaceuticals. The main aim of the agreement is to expand their business worldwide and McKesson will distribute all the pharmaceuticals by Walmart.
Reasons to Purchase this Report
Current and future of global e-Pharma market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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