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E-pharmacy Market

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E-pharmacy Market - Size, Share, Growth,
Outlook, and Opportunity Analysis, 2018-2026
E-pharmacy is also known as internet pharmacy, online pharmacy or mail-order pharmacy. Epharmacy companies operates online and deliver their products to its customers through shipping
chains. E-pharmacy platform provides all types of pharmaceutical drugs such as OTC drugs,
prescription products, and personal care products to its customers. Customers only have to upload
their prescriptions online for getting prescription drugs. However, sales of illegal drugs is a major
problem in online pharmacies. However, governments and regulatory bodies are working on reducing
it by making various rules and regulations. For instance, the U.S. food and Drug Administration (FDA)
has prohibited the import of drugs in the U.S., and E-pharmacy companies who want to sell its
products in the U.S. need to have their physical presence in the country. Furthermore, the company
has to take state wise license to sell and deliver its products in respective state.
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Increasing investment by private players and initiatives taken by governments is expected to
drive growth of the global e-pharmacy market
Key players in the market are majorly investing to scale-up online pharmacy business, which is
projected to drive growth of the global e-pharmacy market in the near future. For instance, in
2017, Zur Rose AG, a Switzerland-based online pharmacy company, invested US$ 237 million to
expand its business in Germany. Furthermore, initiatives taken by government to establish well
developed online infrastructure and provide high speed internet connection is driving growth of
the market. For instance, in 2015, Indian government launched Digital India program with the
motto 'Power to Empower'. Under this program, government aims to digitalize India by providing
high-speed internet networks in rural areas. Such initiatives by Indian government is expected to
positively affect the E-pharmacy market over the forecast period.
Increasing penetration of online pharmacy due to lucrative strategies deployed by key
players
Offers and discounts on E-pharmacy channel is a major factor attracting consumers towards it.
For instance, as on April 2018, 1mg, an E-pharmacy company in India, is providing a discount of
12% on over-the-counter (OTC) drugs. Free home delivery, and free returns are other two
important and attractive features of E-pharmacy channel. Thus, evolution of E-pharmacy channel
has resulted in availability of products at every doorstep and also, at significantly lower price.
Moreover, increasing internet penetration across the globe has expanded the customer base for
these E-Pharmacy companies. For instance, according to data published by World Bank, only
12.58% of total population were using internet in 2012 in India, which has increased to 29.5% in
2016. The growth rate of internet coverage is similar in developing economies such as China,
Brazil, and Mexico.
Report includes chapters which deeply display the following deliverable about industry :
• E-pharmacy Market Research Objective and Assumption
• E-pharmacy Market Purview - Report Description, Executive Summary, and Coherent Opportunity
Map (COM)
• E-pharmacy Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory
Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain
Analysis, Porter’s Analysis, and PEST Analysis
• Global E-pharmacy Market, By Regions
• E-pharmacy Market Competition by Manufacturers including Production, Share, Revenue, Average
Price, Manufacturing Base Distribution, Sales Area and Product Type.
• E-pharmacy Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• E-pharmacy Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of
Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning
and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• E-pharmacy Market Forecast including Production, Consumption, Import and Export Forecast by
Type, Applications and Region.
• Research Findings and Conclusion
Key players operating in the E-Pharmacy Market includes The Kroger Co., The
Walgreen Company, Express Scripts Holding Company, CVS Health, Zur Rose Group
AG, Giant Eagle, Inc., Walmart Stores, Inc., OptumRx Inc., 1mg, and Netmeds
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Detailed Segmentation:
• Global E-Pharmacy Market, By Product Type:
• OTC
• Prescription
• Global E-Pharmacy Market, By Geography:
• North America
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive analysis
through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
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