E-Pharmacy Market Key Leaders Analysis, Growth, Segmentation, Future Trends
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Key Players Operating in The ePharmacy Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
CVS Health Corporation
Express Script Holding Company
Optum Rx, Inc.
Giant Eagle, Inc.
Walmart Stores, Inc.
The Kroger Co.
Key Market Players to Focus on Bagging Funds for Expanding Online Platforms
Several key market players operating in the global ePharmacy market have begun exploring and implementing new strategies to provide the consumers with smooth service. Fortune Business Insights has listed a few key developments that have occurred in the global ePharmacy market since the past few years:
Meds, a Swedish online pharmacy announced in January 2019 that it raised US$ 5.5 million in a funding round conducted by Inbox Capital, a family-owned venture capital company, headquartered in Sweden. The total amount of the startup has increased to US$ 10.5 million. Meds sells healthcare, beauty products, prescription, and non-prescription drugs. They have received permission from the Swedish Medical Product Agency to sell those. According to the company, approximately 40% of the sales come from the households in the Stockholm area as the home delivery service takes less than two hours. After receiving the funds, the company declared that it would soon expand their area of delivery to both Gothenburg and Malmö. Also, the company has planned to expand its warehouse area.
Rite Aid Corp, a drugstore chain in the U.S., announced that it acquired Envision Rx Options, a pharmaceutical company, headquartered in Ohio in June 2015. The acquisition would aid Rite Aid in expanding its retail healthcare platform and boost its health and wellness products. The mixture of Envision Rx’s pharmacy-related businesses and Rite Aid’s online platform would provide the consumers with vast offerings across mail-order, specialty, and retail channels.
Increasing Adoption of E-commerce Websites to Favor Growth in Asia Pacific
Geographically, the global ePharmacy market is grouped into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. Out of these regions, North America is expected to remain in the leading position in the global ePharmacy market during the forecast period. The growth is attributed to the rapid shift of consumers towards online retailers from offline pharmacies. Also, increasing usage of smartphones and high speed of the Internet are expected to aid North America in gaining the highest global ePharmacy market share in the forthcoming years. Furthermore, a rise in geriatric population, increasing online orders, and growing adoption of online platforms will drive the market growth in this region.
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Detailed Table of Content:
Definitions and Assumptions
Key Start-ups and Funding Overview
Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
Overview of Regulatory Scenario - Key Countries
Key Industry Trends
Overview of e-Commerce Penetration – Key Countries
Global ePharmacy Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Market Analysis, Insights and Forecast – By Region
Rest of World
North America ePharmacy Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By Product
Market Analysis – By Country
Europe ePharmacy Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By Product
Market Analysis – By Country/Sub-region
Rest of Europe
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