e-Pharma Market Size, Industry Trends, Share and Forecast 2021-2027 || Boehringer Ingelheim International GmbH, AbbVie Inc., Aurobindo Pharma, Pfizer Inc., Walmart Inc., Walgreen Co.
e-Pharma Market research report performs the methodical and comprehensive market research study that puts forth the facts and figures linked with any subject about industry. It all-inclusively estimates general market conditions, the growth prospects in the market, possible restrictions, significant industry trends, market size, market share, sales volume and future trends. A team of skilled analysts, statisticians, research experts, enthusiastic forecasters, and economists work painstakingly to structure such a great market report for the businesses seeking a potential growth. A worldwide e-Pharma Market analysis report is generated with the best and advanced tools of collecting, recording, estimating, and analyzing market data.
Major insights of the realistic e-Pharma Market report are complete and distinct analysis of the market drivers and restraints, major market players involved like industry, detailed analysis of the market segmentation and competitive analysis of the key players involved. Market segmentation categorizes the market depending upon application, vertical, deployment model, end-user, and geography etc. This global market document also presents an idea about consumer’s demands, preferences, and their altering likings about particular product. Furthermore, big sample sizes have been utilized for the data collection in the winning e-Pharma Market report which suits the necessities of small, medium, as well as large size of businesses.
Global 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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Key Market Competitors:
Boehringer Ingelheim International GmbH,
Express Scripts Holding Company,
The Kroger Co.,
L Rowland & Co,
Giant Eagle, Inc.,
Merck & Co., Inc.,
Thermo Fisher Scientific.
Global e-Pharma market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of e-Pharma for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global e-Pharma Market By Type (Pharmacy Benefit Manager, Legitimate Internet Pharmacy, Illegal or Unethical Internet Pharmacy), Application (Hospitals, Personal Use, Government Research), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Segmentation: Global e-Pharma Market
- By Type
- Pharmacy Benefit Manager
- Legitimate Internet Pharmacy
- Illegal or Unethical Internet Pharmacy
- By Application
- Personal use
- Government research
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.
- 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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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.
Reasons to Purchase this Report
- Current and future of global e-Pharma market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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