Industry Outlook and Trend Analysis
The ePharmacy Market was worth USD 25.18 billion in 2014 and is expected to reach approximately USD 86.97 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.76% during the forecast period. Expanded penetration of the internet over the world, enhanced medicinal services foundation, rapid aging of the populace, and expanding awareness relating to ecommerce among clients are a portion of the elements driving development. Change in customer conduct with an expanded interest for convenience is additionally one of the key components adding to the market development. Besides, rising adoption of ecommerce based business and advanced innovations in medicinal services part is anticipated to drive development.
Regional Outlook and Trend Analysis
North America commanded the ePharmacy market in 2016 with the biggest share of the overall industry. High adoption of internet business, increment in online requests, and development in elderly populace are a portion of the key factors that add to the substantial share of the market. Existence of entrenched players and increment in pharmaceutical needs, particularly of people born after WW2, are additionally anticipated that would drive development. Asia Pacific is anticipated to enlist speediest development throughout the following couple of years inferable from the existence of an expansive patient pool and ascend in target populace. Developing economies, for example, China and India have a high development potential. Vast populace base of these nations alongside the high neglected medicinal needs are a portion of the difficulties looked by the social insurance area in these districts.
The leading players in the market are Rowlands Pharmacy, CVS Health, DocMorris N.V, Giant Eagle, OptumRx Inc, Express Scripts, Kroger, Walmart and Walgreens. These players are embracing different promoting techniques to increase higher share in the ePharmacy market and concentrating on extending their geographic existence, particularly in developing locales that offer lucrative opportunities.
The ePharmacy Market is segmented as follows-
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?