ePharmacy Market to Reflect Impressive Growth Rate During 2023
Request to View Brochure of Report -
In a number of developing economies, however, many rogue ePharmacies have mushroomed over the years and drug enforcement authorities are taking major steps to make the ePharmacy marketplace more regulated. Developments in this direction will put a rein on the rapidly rising numbers of ePharmacies, especially in regions such as Asia Pacific and Latin America. These regions are also the ones with the most promising growth opportunities owing to the presence of high-speed internet connectivity and a large consumer base of mobile computing device users. Thus companies in the relatively novel marketplace could find promising growth opportunities in these regions as the ePharmacy market becomes more regulated.
Transparency Market Research estimates that the global ePharmacy market will exhibit an impressive CAGR of 17.5% over the period between 2015 and 2023, taking a massive leap from a valuation of US$29.35 bn in 2014 to an opportunity of US$128.02 bn by 2023.
Europe to Outpace North America, Claim the Top Spot
From a geographical standpoint, the ePharmacy market in North America is presently the leading contributor of revenue to the global market. The region accounted for a nearly 37% of the global market in 2014, followed by Europe. Over the report’s forecast period, however, Europe is projected to lead the way, outpacing North America in terms of revenue generation. The market in Asia Pacific is expected to remain filled with promising growth opportunities and become more regulated over the forecast period. Emerging economies such as China and India and developed ones including Japan and South Korea will be at the forefront of development of the Asia Pacific ePharmacy market over the report’s forecast period.
Request to View Sample of Report -
Increased Consumer Confidence in e-commerce Sector to Drive Market
The key factors driving the global market for ePharmacies is the increased consumer confidence about the e-commerce industry, convenience offered by ePharmacies, faster drug delivery even at remote locations, and availability of detailed data pertaining to composition, benefits, and side-effects of drugs on online portals. Vast benefits of ePharmacies to consumers (convenient delivery options and cheaper costs due to elimination of several layers of distribution) as well as pharmacies (possibility of reaching out to a larger patient pool), government bodies are also encouraging the ePharmacy sector. Attempts by government bodies aimed at regularizing the ePharmacy industry across a number of high-growth promise regional markets will usher the growth opportunities for players in the global ePharmacy market.
Presence of Several Rogue ePharmacies could Hamper Customer Trust
In unregulated regional markets, the high number of rogue pharmacies makes it difficult for legitimate players to make their mark and earn back the trust lost in the online mode of operation for pharmacies. This, combined with the potential abuse of spurious or habit forming medicines that may be sold without the required prescription, especially in regions where there is no regulatory check on the modus operandi followed by online pharmacies, could hamper consumer trust in ePharmacies, hindering the growth prospects of the global ePharmacy market.
Purchase this Report @
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release ePharmacy Market to Reflect Impressive Growth Rate During 2023 here
News-ID: 874937 • Views: 131
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for America
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles (www.nationalautoraffle.com) and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the