Global ePharmacy Market to Reach US$128.02 bn by 2023 Boosted by Greater Internet Penetration

With the rise of Internet penetration, there has been a dramatic shift in the buying behavior of customers toward increased online purchasing. From essentials such as groceries and apparel to luxury products, everything is available for purchase on online retail platforms. The healthcare sector is no exception to this online retail trend, with pharmacies going online. With advantages such as round-the-clock availability and delivery of drugs, complete information on the prescribed drug, and knowledge of cost-effective substitutes, the market for ePharmacies is expected to experience a surge of growth in the coming years.

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Operating within all the guidelines and standards set by their respective national governments, ePharmacies have emerged as ethical business entities and have become an effective source of prescription medicines. The trend of ePharmacies was initially witnessed in the developed economies of North America and Europe; however, with the rising penetration of the Internet and growing awareness among customers about prescription medicines, the market for ePharmacies is gaining momentum in the emerging countries in Asia Pacific.

This research study focuses on providing a comprehensive market assessment on current trends in the global ePharmacies market, along with a focus on various factors affecting the market’s growth. The influential factors that affect the growth of the ePharmacy market have been analyzed under the market dynamics section, which comprises market drivers, restraints, and opportunities.

The report also provides comprehensive assessment of vendor strategies for excellence in the business. The report segregates the market into five different geographies: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Some of the major countries/regions analyzed in the report include the U.S., the EU7, the CIS, China, Japan, the Indian Subcontinent, Australasia, the GCC countries, North Africa, and South Africa. The report provides market size estimates and forecasts for all the regional and country segments for the ePharmacies market.

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The market estimates have been evaluated considering different technological, economic, political, environmental, social, and legal factors. The market positioning analysis of major players in the market is provided in the research study, which would help the buyers of this report understand the key strategies adopted by these players.

Some of the leading players profiled in the report include Banner Health, Dr. Fox Pharmacy, Lloyds Pharmacy Ltd., eDrugstore.MD, Walgreen Co., DocMorris NV, Rowlands Pharmacy, MediSave, CVS Caremark, and PlanetRx.com.

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