Forecasts by Product (Prescription Medicine (Rx), Over-the-Counter (OTC)) AND Regional and Leading National Market Analysis PLUS Analysis of Leading ePharmacy Companies AND COVID-19 Recovery Scenarios
New York, July 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "ePharmacy Market Report 2021-2031" - https://www.reportlinker.com/p06102737/?utm_source=GNW
ePharmacy Market - shows you the latest trends & dynamics, opportunities, and competitive analysis
Read on to exploit the impending revenue pockets emerging in this sector along with detailed COVID-19 recovery scenarios.
The ePharma market is a form of trade between pharmacies and pharmaceutical companies. The e-pharma channel is one of the newest developments that has emerged as the most convenient way to order drugs. In general, three types of e-pharmaceuticals are available on the market: regulated e-pharmacy, unorganized e-pharmacy, and illicit international e-pharmacy trade. E-pharmacy benefits ordinary citizens in a number of ways, including customer convenience, consumer access, consumer education, data records, and medication authenticity.
Prescription and over-the-counter (OTC) medicinal goods e-commerce has increased as a result of the internet; one out of every four adults has purchased medicines online. Many businesses have seen a significant increase in their bottom lines as a result of the growth of pharmaceutical e-commerce. Consumers benefit from online pharmacies because they offer lower prices, convenience, privacy, and a wider range of options. Businesses can multiply stock-keeping units and increase market competitiveness by using online channels and eliminating the need for physical storefronts.
While e-commerce of medicinal products has many advantages for patients and the pharmaceutical industry, regulatory authorities (RAs) around the world are concerned. Regulatory agencies must safeguard the public from potential harm caused by illegal online pharmacies. Current laws will need to be updated, and enforcement methods will need to be modified, in order to resolve the transnational existence of drug e-commerce.
Our 303-page report provides 175 tables and charts/graphs. Read on to learn the most lucrative segments in the industry and the future market prospects. Our new study lets you evaluate forecasted sales at the overall world market and regional level. See financial results, trends, opportunities, and revenue predictions. Much opportunity remains in this growing ePharmacy Market. See how to exploit the opportunities.
COVID 19 Impact & Recovery Analysis on the Market
Since COVID-19 is a global pandemic formally confirmed by the WHO, the lockdown and restrictions were made stricter especially in certain active hotpots and hardly hit areas because all local markets as well as worldwide businesses were closed and people were compelled to work from home. Despite the opening of lockdowns, for most of the business owners, e-commerce business has become the best choice as nobody is sure about the long-lasting effects of this pandemic and there is no assurance of when it will end. This is why individuals choose to purchase online products, accessories, appliances and services that have affected the earnings and functioning of the e-commerce business. Acowebs, one of the leading developers of Woocommerce-related e-commerce software for online stores, testifies that their woocommerce product addons are actually getting more inquiries and sales since the lockdown has officially started worldwide.
UNIQUE COVID-19 VARIATIONS- only available in this report are dedicated analysis of 4 different rebound scenarios of how the market will develop - no matter how COVID-19 affects the economy.
Which Factors are Fueling ePharmacy Industry Growth?
. Growth in Internet users
. Rise in adoption of smartphones
. Increased number of e-prescriptions
. Increasing ageing population
Which Factors are Restraining Growth?
. Growing number of illegal online pharmacies
. Online availability of fake drugs
What are Market Opportunities?
. Artificial intelligence revolutionizing the e-Commerce industry
. Online pharmacies in the era of COVID-19
. Allocation and supply of medicines for the treatment of COVID-19
Forecasts to 2031 and other analyses reveal the commercial prospects
. In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.
. You find original analyses, with business outlooks and developments.
. Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and commercial developments.
Discover sales predictions for the world market and submarkets
Latin America has tremendous potential for e-commerce but must overcome hurdles ranging from limited use of credit cards to a lack of online presence for many small businesses. In Latin America, only about 2% of commerce now is digital, versus 14% in the US. And just 10% of Latin Americans buy online, compared to more than two-thirds of US residents.
Part of the problem in Latin America is limited use of financial services. Roughly 30% of consumers in the region have credit cards, versus some 80% in the US. And millions of Latin Americans still don’t have bank accounts, relying on cash for their basic needs. Security concerns also hinder e-commerce in the region, including problems delivering unattended packages and there are problems too with fraud and cash collection.
Global ePharmacy market 2021-2031 is segmented on the basis of product and geography.
ePharmacy Market: By Product
. Prescription Medicine (Rx)
. Over-The-Counter (OTC)
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 15 leading national markets:
. North America
. Rest of Europe
. Asia Pacific
. Rest of Asia Pacific
. Latin America
. Rest of Latin America
. Middle East & Africa
. South Africa
. Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the ePharmacy market, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
Overall world revenue for ePharmacy Market will surpass $xx billion in 2021, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How the ePharmacy Market report helps you
In summary, our 300+ page report provides you with the following knowledge:
. Revenue forecasts to 2031 for ePharmacy Market, with forecasts for Product, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues. Over-The-Counter (OTC) segment accounts for the major share of the global ePharmacy market in 2020 while prescription medicine (Rx) segment is expected to be the fastest growing market during the forecast period.
. Revenue forecasts to 2031 for 5 regional and 16 key national markets - See forecasts for the ePharmacy market in North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies. There will be growth in both established and in developing markets. Our analyses show that the U.S. would continue dominating the global ePharmacy market while India is poised to grow at a double digit CAGR during the forecast period, 2021 to 2031.
. Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the ePharmacy Market. Some of the company’s profiled in this report include:
. CVS Health Corporation
. The Kroger Co.
. Walgreens Boots Alliance, Inc.
. Giant Eagle, Inc.
. Walmart Inc.
. UK Meds
. McKesson Corporation
Read the full report: https://www.reportlinker.com/p06102737/?utm_source=GNW
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