TMR’s report on the global ePharmacy market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global ePharmacy market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global ePharmacy market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global ePharmacy market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global ePharmacy market.
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Global market Witness Most Promising Rise in Demand
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global ePharmacy market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global ePharmacy market. Expanding at a growth rate of 12.3% CAGR over the projection period, from 2019 to 2027, the valuation of the market is expected to touch US$ 158.02 billion by the end of this period.
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The primary benefit of e-prescription is that it is easy to upload e-prescription on the website of ePharmacy and order medicines over the internet. This is likely to increase the popularity of e-prescription technology in the years to come, thereby driving the growth of the global e-pharmacy market.
In addition to ease and convenience, price of medicines in online pharmacies are substantially low. It is so because there is no need to spend money on renting of warehouses and premises, and on the maintenance of a large workforce. All these factors lower the price of medicine, which is likely to encourage expansion of the global e-pharmacy market over the projection period. E-commerce companies are trying to figure out new strategies to meet up with the demand of consumers in a much efficacious and better way.
Key Players of Global ePharmacy Market Report:
The growth of the global e-pharmacy market is mainly due to the augmented access to online and web-based services, increased use of e-prescriptions in various healthcare and hospital facilities, and widespread use of internet. Some of the key players in the global ePharmacy market comprise Domzdrowia.pl SA, MediSave, CVS Health Corporation, Rowlands Pharmacy, Walgreen Co. and Giant Eagle Inc.
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