EPharmacy Market Research Report 2021, Size, CAGR Value, Growth Rate, Latest Trends, Future Demand, Business Investment Plans, SWOT Analysis, Forecast to 2030

In a recently published report, EPharmacy Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for EPharmacy Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global EPharmacy Market valued approximately USD 38.05 billion in 2017 is anticipated to grow with a healthy growth rate of more than 15.20% over the forecast period 2018-2025. The EPharmacy Market is continuously growing in the global scenario at significant pace. The pharmacy, also popularly known as online pharmacy, or mail-order pharmacy, or Internet pharmacy, is a pharmacy operating via Internet and does the sending of orders to its customers via shipping companies or mail. E-Pharmacies include pharmacy benefit manager. Pharmacy benefit manager is a huge group prescription drug plans administrator. Surge in the number of internet users in both developed and developing countries, enhance access to web-based & online services and surging implementation of E-Prescriptions in Hospitals and diagnostic centers are the substantial driving factors of the market during the forecast period. Moreover, increasing adoption of e-commerce platforms in epharmacy is the major factors that likely to create numerous opportunity in the near future. However, surging number of illegal online pharmacies and low adoption of advanced technology in underdeveloped region are the factors that limiting the growth of the market during the forecast period.

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The regional analysis of Global EPharmacy Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to increasing adoption of ecommerce, increasing frequency of online orders and rising aging population in the region. Europe is estimated to grow at stable growth rate in the global EPharmacy market over the upcoming years. Further, Asia-pacific anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to presence of large patient base and rising health awareness among people in the region.

The major market player included in this report are:
CVS Health Corporation
DocMorris
Giant Eagle Inc.
Rowlands Pharmacy
The Kroger Corporation
Walmart Stores Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Drug Type:

Prescription Drugs
OTT Drugs

By Product Type:

Skin Care
Dental
Cold Flu
Vitamins
Weight Loss
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global EPharmacy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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