An e-Pharma operates over the Internet and allows quick and easy access to health-related information and guidance from expert professionals. Individuals who seek advice on their health signs, treatment options, and medication dosage from experts or those who want to discuss the possible adverse-effects of a treatment can benefit from such pharmacies. Major advantages of e-Pharma include:
• Easy access to health-related information
• Quick treatment and advices from professionals
• Discreet services and efficient delivery
• Improved convenience
E-pharmacy is very popular in developed regions due to high adoption levels of e-commerce and is expected to expand in various developing regions as well over the next few years.
e-Pharma to Witness the Fastest Growth in Asia Pacific
North America led the regional segment in 2016 accounting for the largest share due to the presence of well-established pharmacies in the region. Other factors driving the regional expansion are a rise in online shoppers and growing elderly population. The Asia Pacific (APAC) region is anticipated to witness the fastest growth rate in the forthcoming years. This expansion is attributed to the presence of large pool of target population.
China and other emerging countries in the APAC region are likely to offer many opportunities for the region’s growth. In addition, changing regulations in this region along with a rise in the demand for consumer healthcare products due to changing lifestyles can further boost the regional development. Factors such as investments by international companies due to low labor costs, penetration of web-based technologies, and rising number of online shoppers can also spur business opportunities in near future.
Market Overview
According to a report by Grand View Research, Inc.; the global e-pharma market is anticipated to reach USD 109.2 billion by 2025 growing at a CAGR of 14.8% over the forecast period. Factors responsible for the market expansion include the rising number of internet users and better access to web-based services, improved healthcare infrastructure, and increased awareness regarding e-commerce among users across the globe.
High number of online pharmacies and hefty investments in emerging regions is anticipated to propel the growth in demand for e-pharma over the forecast period. For example, RPG Ventures has invested USD 600, 000 in an e-pharma called MedsOnWay. According to the company, this investment is part of their plan to incubate and start new businesses.
OptumRx, Inc.; Wal-Mart Stores, Inc.; The Kroger Co.; Express Scripts Holding Co.; and The Walgreen Co. are the key companies in the global market.
In-depth research report on e-pharma market click the below link:
In-depth research report on e-pharma market click the below link:
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