Latest Study - EPharmacies Market Share, Growth Prospects To 2020: Grand View Research, Inc.
ePharmacies market is expected to witness lucrative growth over the forecast period owing to increasing use of internet and active online presence. Rising number of tech-savvy people, easy accessibility and drugs availability round the clock are the high impact rendering drivers of this market. Continuous innovation in technology and huge investment in R&D resulted in development of many drugs discovery. Globalization and free trade have created a huge opportunity to cover the idle market.
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On the basis of application both the sub-segments (IT software and supply chain management) have equal chances to show significant growth in over the forecast period due to their complementary and interdependent nature. IT software is used to procure order and keep the track of drug delivery to the customer whereas supply chain management (SCM) is used to integrate all the market intermediaries available in the delivery channel. Regionally, North America dominates the entire ePharmacies market and it is expected to continue its lead in the next six years owing to technological competitiveness and significant internet usage rate. In 2014, North American region was the largest revenue generator in the epharmacy market due to its rising internet usage rate and active online presence. Asia Pacific region is anticipated to show a lucrative growth over the forecast period owing to shifting of people mindsets from virtual purchasing to net based purchasing and increasing personal disposable income.
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The key players of epharmacies market are Domzdrowin.pl SA, CanadaDrugs.com, Lloyds Pharmacy Ltd., CVS Caremark, Doc Morris, CanAmerica Drugs, Inc., MediSave, Drugstore.com Inc, Rowlands Pharmacy, The SANICARE Group, PlantRx.com and Walgreen Co.
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