The global ePharmacy market is expected to reach USD 109.2
billion by 2025, according to a new report by Grand View Research, Inc. The
market is primarily driven by constant increase in the number of internet
users, improved access to web-based & online services, and rapid increase
in aging population who find it difficult to visit pharmacies. Convenience,
affordability, and ease in availability of medicines are fueling market growth.
Increase in prevalence of chronic
conditions and diseases across the globe is resulting in constant growth in
demand for various drugs and healthcare products. High cost of treatment is
indicating the need to reduce health care cost. Online pharmacies are gaining
popularity owing to lucrative offers such as price discounts that result in
cost savings. In addition, increase in adoption of e-prescriptions in hospitals
and other healthcare facilities is further expected to boost growth.
High unmet needs of emerging economies
is one of the key driving factors. Government initiatives, increase in
investments, changing regulations, and increasing penetration of internet and
broadband in urban as well as rural areas are contributing to the growth of the
market. Many new players are entering the market as the healthcare sector is
offering huge potential to the online health retailers due to the ever growing
demand for healthcare products and services.
However, growth in illegal online
pharmacies is restraining the growth. These illegitimate websites may offer
counterfeit and unapproved drugs, which make people skeptical about purchasing
medicines online.
Browse full research report on ePharmacy Market: https://www.grandviewresearch.com/industry-analysis/epharmacies-market
Further Key Findings From the Report Suggest:
- North America held majority of the share in 2016 due to
increase in online purchases, growing elderly population, and high
adoption of IT in healthcare
- The U.S. is the largest market in North America owing to the
presence of various key players and a large tech-savvy population
- Asia Pacific is expected to be the fastest growing segment
due to the presence of emerging economies like China & India and
improving infrastructure
- Some of the key players are The Kroger Co., Walgreen Co.;
Wal-Mart Stores, Inc.; CVS Health; Express Scripts Holding Company; Giant
Eagle, Inc.; DocMorris (Zur Rose Group); Rowlands Pharmacy; and OptumRx,
Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/epharmacies-market/request/rs1
Grand View Research has segmented the ePharmacy market on the
basis of region:
e-Pharma Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
No comments:
Post a Comment