Global e-Pharma Market 2020: Key Players, Latest Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026
Databridgemarketresearch.com added a new study on Global e-Pharma Market Research Review 2020 that has been just made available providing an extensive knowledge and perceptions of the industry. The Global e-Pharma Market research report offers the market insights from the statistics, gathered from the reliable market information such as manufacturers, channel partners, decision makers and regulatory bodies. It outlines segment of the market investigates progression such as drivers, limitations and opportunities that at present strongly affect the market and could impact the market in future, Market share analysis mentioned in this report with a specific end goal to clarify the intensity of rivalry between driving market players working over the globe. It validated primary and secondary research methodology and data sources that are implied to collect key information like market size, trends, revenue and analysis.
The main objective of this Global e-Pharma Market report is to analyze the opportunities, threats and market drivers. Key insights like competitive industry scenario, gross margin analysis, price structure and cost analysis. It correctly calculate the global market share of important sections, regions and businesses. This Global e-Pharma Market research report examines the international market on the business plan based on numerous business verticals.
e-Pharma Market is expected to rise from its initial estimated value of USD 33.71 billion in 2018 to an estimated value of USD 101.69 billion by 2026 registering a CAGR of 14.80% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and demand of medicines in these populations.
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Top Companies are:-
Some of the major players operating in the market are Boehringer Ingelheim International GmbH, AbbVie Inc., Aurobindo Pharma, Pfizer Inc., Walmart Inc., Walgreen Co., Express Scripts Holding Company, The Kroger Co., L Rowland & Co, DocMorris, Giant Eagle, Inc., OptumRx, Inc., CVS Health, Merck & Co., Inc., Thermo Fisher Scientific among others.
This Global e-Pharma Market report intensely attempts to find out the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. The report has explained in-depth market insights about market size, latest trends, market threats and key drivers driving the market. This market research report also maintains to secure economies in the distribution of products and find out the best way of approaching the potential. The Global e-Pharma Market study report is evaluated mainly on two segments namely types and applications which cover all the analytical data for current and future markets.
Rapid rise in the consumers shifting towards online sources of product ordering, purchasing is expected to present the players of e-pharma market with a greater consumer base wanting to shift their purchases for pharmaceuticals and any drugs to online models, rather than staying true to traditional pharmacists. This is due to the fact that e-pharma will provide wide range of benefits and features, while also providing drugs at a reduced cost.
Market Definition: Global e-Pharma Market
E-Pharma market is a way of transaction between pharmaceutical companies and pharmacies. E-pharma market is one of the recent innovations that has emerged as a most convenient way to order medicines. Broadly, there are 3 types of e-pharma exist in the market which are: Organized e-pharmacy, Non-organized e-pharmacy and illegal international trade through e-pharmacy. E-Pharmacy is beneficial to common people in many ways by providing: Consumer convenience, Consumer access, Consumer education, Data records, Medicine authenticity.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: E-Pharma Industry Insights
Technological and innovation landscape
Chapter 4: E-Pharma Market, By Region
Chapter 5: Company Profile
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Increasing aging population is driving the growth of this market
Rising prevalence for e- prescriptions is another factor driving the market growth.
Rising number of illegal online pharmacies is restraining the growth of this market
Availability of fake drugs online is another factor restraining the market growth
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Segmentation: Global e-Pharma Market
Pharmacy Benefit Manager
Legitimate Internet Pharmacy
Illegal or Unethical Internet Pharmacy
Key Developments in the Market:
In December 2018, Giant Eagle Inc. announced its acquisition with Ricker Oil Company Inc. The main of the acquisition is to expand Giant Eagle’s GetGo and Ricker’s brand in Indiana market and provide customers with fresh products and services.
In February 2016, Wal-Mart Stores, Inc. announced the agreement McKesson Corporation for the distribution of generic pharmaceuticals. The main aim of the agreement is to expand their business worldwide and McKesson will distribute all the pharmaceuticals by Walmart.
The main factors behind the growth of the market are:
Increasing aging population: One of the most important factors behind the growth of e-pharmacy is the availability of older population group that have been prescribed a large amount of medicines and drugs by their physicians and therefore require frequent filling of their medicines. This population group also more comfort in various service offerings, and therefore with the availability of e-pharma they can adopt easier ordering of medicines from the comfort of their homes without having to partake any extra efforts to fill their prescriptions
Rising prevalence for e-prescriptions: Along with the availability of e-pharma services, the availability of physicians shifting towards online models of service delivery has resulted in increasing volume of e-prescriptions being available to the different consumers. This model of service delivery results in higher remuneration for the physicians as they do not have to bear the overhead costs of maintaining a particular healthcare facility. The rising availability of e-prescriptions being prescribed to patients is therefore expected to improve the overall share of the market players providing e-pharma services
The market is segmented on the basis of type as pharmacy benefit manager, legitimate internet pharmacy, illegal or unethical internet pharmacy; application as hospitals, personal use, government research.
Some of the recent market developments are as follows:
In May 2019, Medlife announced that they had acquired Myra, which will help Medlife expand their services to around twenty cities throughout India and also gain express delivery services. This will increase the overall value and quality of services with Medlife and the recently acquired service operations will be integrated into the business operations over the next six months
In June 2018, Amazon announced that they had PillPack for approximately USD 1 billion. This acquisition is evident to the presence of strict competition existing in the market with various market players introducing new & innovative services, and also dealing in extension of their servicing capabilities. With the combination of capabilities of Amazon and expertise of PillPack in pharmaceutical market, the consumers and the organizations alike will experience wide-range of benefits
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