ePharmacy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2604 | Report Format : | Status : Upcoming |

Abstract

Global ePharmacy Market: Overview

The ePharmacy, also popularly known as online pharmacy, or mail-order pharmacy, or Internet pharmacy, is a pharmacy operating via Internet and does the sending of orders to its customers via shipping companies or mail. ePharmacies include pharmacy benefit manager. Pharmacy benefit manager is a huge group prescription drug plans administrator.

Global ePharmacy Market: Growth Factors

Augmented penetration of Internet all around the world, growing awareness of ecommerce in users, enhanced healthcare infrastructure, and rising number of geriatric population are few factors boosting the growth of the global ePharmacy market. Changing demand consumer behavior and increasing convenience are other major factors propelling the global ePharmacy market growth. In addition, mounting digital technologies and ecommerce adoption specifically in healthcare domain is anticipated to boost the global ePharmacy market growth. In emerging economies, frequently rising healthcare burden depicts the need to slash the costs. Increasing demand for healthcare services and products results in difficulties specifically to the offline retail providers in order to statistically fulfill the growing needs. This in turn offers great opportunities to online health retailers to supply and fulfill the demand of huge consumer base. Rising incidences of chronic conditions is other key factors resulting in increased demand of numerous healthcare products and drugs. People prefer for online pharmacies mainly due to profitable offers including price easy drugs availability, home delivery services, and discounts. Moreover, increasing adoption of IT (information technology) in the healthcare sector is further allowing clinicians to electronically send prescriptions, which is further anticipated to enhance the global ePharmacy market growth.

Global ePharmacy Market: Segmentation

The global ePharmacy market is segmented on the basis of geographical regions as Europe, North America, Latin America, Asia Pacific, and Middle East Asia (MEA).

Global ePharmacy Market: Regional Analysis

North America is anticipated to dominate the global ePharmacy market in the near future mainly with its principal share in the market. Rising online orders, soaring ecommerce adoption, and growing number of geriatric population are few of the major factors contributing to the growth of the global ePharmacy market. Existence of matured players and growing pharmaceutical needs, mainly of baby boomers, are further anticipated to boost the global ePharmacy market growth in the near future. In addition, Asia Pacific is anticipated to witness the fastest growth in future due to the existence of a huge patient group and increasing target population. Developing countries including India and China have a substantial growth potential. Huge population in these developing countries as well as towering unmet medical needs are few market restraints of the global ePharmacy market that may hamper the growth of the global market to some extent. Increasing government investments and initiatives for enhancing healthcare infrastructure is aiding the global ePharmacy market growth in Asia Pacific and is expected to witness high growth in future.

Global ePharmacy Market: Competitive Players

Major player dominating the global include ePharmacy market include Walgreen Co., The Kroger Co., CVS Health, Wal-Mart Stores, Inc., Giant Eagle, Inc., Express Scripts Holding Company, Rowlands Pharmacy, OptumRx, Inc., and DocMorris (Zur Rose Group AG).

Global ePharmacy Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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