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According to the World Bank, approximately 84% populace in Germany depend on Internet and around 75% populace in the U.S. are subscribers of the Internet, which augments the global ePharmacy market growth. Fortune Business Insights states that the global ePharmacy market is projected to reach US$ 177,794.9 Mn by 2026, thereby exhibiting an impressive CAGR of 17.3% during the forecast period (2019-2026). The company further states that the global market was valued at US$ 49,727.7 Mn in 2018. According to a published report by Fortune Business Insights, titled, “ePharmacy: Global Market Analysis, Insights and Forecast, 2019-2026,” the global ePharmacy market will witness notable growth during the forecast period due to the technological advancements based on artificial intelligence. For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/epharmacy-market-100238
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E-Pharmacy: 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.
Fortune Business Insights Pvt Ltd.
Published Date: April 2019
Report Format: PDF
Region: Global
Base Year: 2018
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E-Pharmacy: 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.
Report Highlights:
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.
Increasing Initiatives and Awareness Programs by Governments Around the World, to Boost the MarketE-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. Fortune Business Insights Pvt Ltd.
E-Pharmacy: 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.
Technological Advancements in E-commerce is boosting E-Pharmacy Market, GloballyE-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
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.
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Fortune Business Insights Pvt Ltd.
E-Pharmacy: 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.
Fortune Business Insights has profiled some of the prominent market players operating in the global ePharmacy market. They are as follows:• DocMorris• CVS Health Corporation• Express Script Holding Company• Walgreen Co.• Optum Rx, Inc.• Giant Eagle, Inc.• Walmart Stores, Inc.• Rowland Pharmacy• The Kroger Co.• Other players
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