The global ePharmacy market is expected
to reach USD 109.2 billion by 2025, according to a new report by Grand View
Research, Inc. The market is primarily driven by constant increase in the
number of internet users, improved access to web-based & online services,
and rapid increase in aging population who find it difficult to visit pharmacies.
Convenience, affordability, and ease in availability of medicines are fueling
market growth.
Increase
in prevalence of chronic conditions and diseases across the globe is resulting
in constant growth in demand for various drugs and healthcare products. High
cost of treatment is indicating the need to reduce health care cost. Online
pharmacies are gaining popularity owing to lucrative offers such as price
discounts that result in cost savings. In addition, increase in adoption of
e-prescriptions in hospitals and other healthcare facilities is further
expected to boost growth.
High
unmet needs of emerging economies is one of the key driving factors. Government
initiatives, increase in investments, changing regulations, and increasing
penetration of internet and broadband in urban as well as rural areas are
contributing to the growth of the market. Many new players are entering the
market as the healthcare sector is offering huge potential to the online health
retailers due to the ever growing demand for healthcare products and services.
However,
growth in illegal online pharmacies is restraining the growth. These
illegitimate websites may offer counterfeit and unapproved drugs, which make
people skeptical about purchasing medicines online.
Access Research Report of ePharmacy Market @ www.grandviewresearch.com/industry-analysis/epharmacies-market
Further Key Findings
From the Report Suggest:
· North America held majority of the share in 2016 due to
increase in online purchases, growing elderly population, and high adoption of
IT in healthcare
· The U.S. is the largest market in North America owing to
the presence of various key players and a large tech-savvy population
· Asia Pacific is expected to be the fastest growing
segment due to the presence of emerging economies like China & India and
improving infrastructure
· Some of the key players are The Kroger Co., Walgreen Co.;
Wal-Mart Stores, Inc.; CVS Health; Express Scripts Holding Company; Giant
Eagle, Inc.; DocMorris (Zur Rose Group); Rowlands Pharmacy; and OptumRx, Inc.
Grand View Research has segmented the ePharmacy
market on the basis of region:
e-Pharma Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o Japan
o China
o India
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
o South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
