How Walgreens Boots Alliance, Inc is dominating the Global Online Pharmacy Market Opportunities and Forecast

The global online pharmacy market is projected to reach USD 162,605.6 million by 2028, from USD 45,812.5 million in 2021 and is anticipated to register a CAGR of 20.4% between 2022 and 2028.

E-prescription is the electronic prescribing technology that allows healthcare professionals to go paperless, by sending prescriptions in the digital format, instead of handwritten prescriptions. Doctors are now preferring e-prescriptions, to allow patients to get easy access to medicine with the help of e-prescriptions. Countries, like the United Kingdom, are putting more effort into the implementation of e-prescription. The NHS hospitals in England are planning to go paperless by the year 2020. This may increase the demand for e-prescription technology, rapidly, in the future. The major advantage of e-prescription is that one can easily upload their e-prescription on the e-pharmacy website and order medicine online, without any hurdle. Therefore, due to the increasing implementation of e-prescriptions, uploading the prescription online has become easy and less time-consuming. Thus, all the aforementioned factors are augmenting the growth of the market.

Increasing global penetration of the Internet, increasing digitization of healthcare services, and increasing tech-savvy consumers are key drivers of market growth. Increasing consumer preference for convenience-focused online shopping is also contributing to market growth. In addition, increasing adoption of digital technology and e-commerce in the healthcare sector is expected to drive overall growth by facilitating access from the core family of chronically elderly and incapacitated patients. The spread of smartphones is also contributing to the growth of the market. According to Mobile Economy 2020, smartphone penetration is expected to reach 65.0% in 2019 and reach 80.0% by 2025. The healthcare boom combined with high operational costs has created a need to reduce operational costs by implementing pharmacy solutions. The increased prevalence of chronic diseases has led to an increase in demand for a variety of healthcare products, including pharmaceuticals. This means that online drug procurement is becoming more widespread around the world

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