Epharmacy Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2020 to 2027

 

Epharmacy Market

An online retail platform called ePharmacy, commonly referred to as an electronic pharmacy or Internet pharmacy, serves as a middleman between customers and sellers to facilitate the selling of medications. It provides 24-hour drug delivery, access to in-depth information on prescribed medications, and price transparency. Patients can order medications online so they don't have to go to the pharmacies in person to get them.

The Global Epharmacy Market Was Valued At US$ 69.7 Bn In 2019 And Is Forecast To Reach A Value Of US$ 244.0 Bn By 2027 At A CAGR Of 17.0% Between 2020 And 2027.

A drugstore that primarily uses an internet platform to supply medications and other pharma items is referred to as a " Epharmacy." It mostly operates through independent online-only businesses, online extensions of physical pharmacies, and businesses that support pharmacy organisations. Without requiring the extensive chain of wholesalers, e-pharmacy helps deliver orders directly to customers via mail, online pharmacy web portals, or shipping businesses. Additionally, web-based or mobile applications for e-pharmacies include details on product descriptions, recommended dosages, adverse effects, etc.

The pharmaceutical industry's expanding use of e-commerce platforms is what is now fueling market expansion. Additionally, the Epharmacy Market expansion is being fueled by expanding internet connectivity and the widespread use of smart gadgets. Additionally, the use of e-pharmacy services for controlled and door-to-door delivery of medications, medical devices, personal care goods, etc. is being accelerated by the expanding senior population, who are more susceptible to chronic illnesses that result in muscle limitations. Additionally, busy consumer schedules and sedentary lifestyles are boosting demand for e-pharmacies for the hassle-free buying of pharmaceuticals.

Additionally, an increasing variety of in-app features, like special discounts, personalised purchases, expedited delivery, etc., are supporting the expansion of the global Epharmacy Market for mobile-based software applications. As a result of the rapid COVID-19 epidemic, brick-and-mortar pharmacies are gradually giving way to online pharmacy platforms in an effort to reduce the danger of coronavirus infection through human contact. Predictive analytics, artificial intelligence (AI), health information technology (HIT), and other cutting-edge technologies will increasingly be combined with e-pharmacy solutions to drive the global market in the years to come.

Top Manufacturers are- CVS Caremark, Banner Health, DocMorris NV, Zur Rose Group AG, Right ePharmacy, PlanetRx.com.Inc., Lloyds Pharmacy Ltd., Dr. Fox Pharmacy, eDrugstore.MD, MediSave, Walgreen Co, and Rowlands Pharmacy.

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