Decisiondatabases.com brings a bestseller report titled “Global ePharmacy Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2025” which evaluates the growth trends of the global ePharmacy market through historical studies and gives an estimate of the future prospects based on comprehensive research. The report provides the market share, growth, trends and forecasts for the given study period. The value chain analysis gives a descriptive understanding of the market flow and the market. The report anticipates the ePharmacy market to reach around USD 111.7 BN by 2025 with an estimated CAGR of 14% during 2019-2025.
E-Pharmacy is a pharmacy that works over the internet and delivers orders to customers through mail or shipping companies. It improves customer convenience and access and it is beneficial mainly for elderly patients and patients who are not in a situation to go out and find a pharmacy. Online and mobile-based customers are required to upload a scanned copy of their prescription and place the order.
The factors that are responsible for the growth of the ePharmacy market are the rise in focus on the improvement of healthcare infrastructure and the rising adoption of ecommerce and digital technology in the healthcare sector. The growth in ecommerce and advanced technologies based on artificial intelligence are also responsible for the growth of the ePharmacy market globally. It is also being favoured due to services such as round the clock purchase and delivery, effortless automatic refills, provision of useful information on the prescribed drugs and the transparency in the prices. The main restraint faced by this market is the existence of a large number of illegal ePharmacies.
The ePharmacy market has been segmented on a regional level. This segmentation is studied in detail by integrating the market estimates and forecasts at a regional and country level which also helps to understand the growth areas and potential opportunities of the market. The ePharmacy market is spread over North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The report covers the competitive landscape of the ePharmacy market by listing the key players of this market along with a detailed description in terms of H.Q, future capacities, key mergers and acquisitions, financial overview, partnerships, collaborations, new product launches and developments. The key players are CVS Health, DocMorris, Express Scripts Holding Company, Giant Eagle Inc., OptumRx Inc., Rowlands Pharmacy, The Kroger Co., Walgreens Co. and Walmart Stores Inc. among others.
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