The Global E Pharmacy Market is likely to expand at a stellar CAGR after recent improvements in marketing and delivering pharmaceutical products at the doorstep of customers. Such initiatives are likely to have a positive impact on the global market in the forthcoming years
Pune, India – May 16, 2019 —
The Global E-Pharmacy Market is likely to expand at a stellar CAGR after recent improvements in marketing and delivering pharmaceutical products at the doorstep of customers. According to a report by Fortune Business Insights, titled ‘E-Pharmacy Market: Global Market Analysis, Insights and Forecast,’ the market is likely to grow in the coming years due to rapid adoption and an increasing demand for doorstep- deliverable medicines. The initial drawbacks in limitations of delivering prescription based drugs have now been overcome. Customers have the option of uploading prescriptions, online, and after verifications, prescription drugs can be delivered too.
Growing penetration of internet in the e-pharmacy market in the recent years has been a major driving factor. According to research statistics by the World Bank, in 2010, around 34% of the population in China was using internet and this was estimated to rise to almost 54% by 2016. Such high internet usage indicates more end-user coverage in the global e-pharmacy market. The global e-pharmacy market is likely to grow in the forecast period, due to increasing demand for deliverable medicines.
Request Sample Copy at https://www.fortunebusinessinsights.com/enquiry/sample/e-pharmacy-market-100238
Technological Advancements in E-commerce is boosting E-Pharmacy Market, Globally
E-commerce plays a major part in the global e-pharmacy market. The advent of features such as live tracking, time for deliver, availability of products, and quick delivery options are major factors why e-pharmacy is being adopted at a rapid pace. Furthermore, e-commerce eliminates the need to set-up retail chains or medical stores for companies that have invested in this market. E-commerce bodes well for customers as well as companies, as customers may benefit from getting to order medicines from their homes and companies can manage to deliver right from storehouses or warehouses. The aforementioned factors are boosting the global market are likely to favor growth of this market in the forecast period.
Increasing Initiatives and Awareness Programs by Governments Around the World, to Boost the Market
E-Pharmacy involves delivering medicines at the customer’s doorstep with the option of digital payments. As governments are promoting digital payments, they are encouraging people to adopt e-pharmacy. Numerous initiatives and programs have been conducted to promote e-pharmacy and spread awareness regarding the advantages and ease-of-use for adopting e-pharmacy. Such initiatives are likely to have a positive impact on the global market in the forthcoming years.
Strict FDA Regulations Ensure that only Genuine Medicines Are Marketed and Delivered
In the early years of e-pharmacy, there were reports of false and illegal drugs being delivered. The regulatory authorities around the world were quick to identify this and took rapid steps to sieze and stop such false product deliveries. Strict rules have been imposed to ensure and verify that fake drugs are not being manufactured and delivered. These steps have led customers to be rely on e-pharmacy and this has boded well for the global market.
Some of the leading companies that are operating in the global e-Pharmacy market worldwide are MediSave, The SANICARE Group, eDrugstore.MD, Rowlands Pharmacy, CVS Caremark,CanDrugstore.com, Domzdrowia.pl SA, drugstore.com Inc, CanadaDrugs.com, and Walgreen Co.
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/e-pharmacy-market-100238
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Name: Fortune Business Insights
Email: Send Email
Organization: Fortune Business Insights
Address: Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune – 411045, Maharashtra, India.
Phone: 1 424 253 0390
This content is not produced by Reuters Editorial News. It is produced by VC NewsNetwork. For content enquiry, please reach us at
Givaudan, the Swiss flavors and fragrances company will be acquiring Golden Frog to strengthen its presence in the Asia Pacific region.
Indonesian ecommerce unicorn Bukalapak has launched BukaGlobal, a new feature that lets consumers outside Indonesia shop on the Bukalapak platform.
This marks Centara’s entry into one of the world’s fastest-growing tourism markets and enables the company to secure a major Myanmar foothold.
This marks the biggest funding round for a fintech company in the SEA region.
The Ubisoft accelerator is bringing its startup incubator programme to Singapore for the first time.