Electronic Pharmacy Market
English Public
Market Snapshot.
The e-pharmacy market is estimated to reach approximately USD 203 million by 2035 from a market value of approximately USD 60 million in 2023, growing at a CAGR of 18% during the forecast period 2023-2035.
Market overview.
The market is expected to grow dramatically due to the COVID-19 pandemic: along with the fear of contracting the SARS-CoV2 virus, doorstep and travel restrictions have increased reliance on online pharmacies for purchasing both over-the-counter and prescription medicines. Furthermore, face-to-face consultations are being replaced by virtual-based remote consultations and digital prescriptions are being generated. Similarly, leading companies have put in place various strategies to combat pandemics. For example, in March 2020, CVS Health launched new measures to curb off-label demand for medicines used to treat COVID-19 and other chronic diseases. Furthermore, the COVID-19 pandemic has triggered a trend towards contactless delivery, increasing demand for e-pharmacy in the current crisis.
Request a sample PDF report here: https://www.sdki.jp/sample-request-114565
Growth in the e-pharmacy market can be attributed to the growing number of internet consumers, increasing access to web-based and online services, and the increasing adoption of e-prescribing in hospitals and other healthcare services. E-prescribing is an electronic prescribing technology that allows healthcare professionals to go paperless by sending prescriptions in digital format instead of handwritten prescriptions. Doctors now prefer e-prescriptions as they allow patients to easily access medicines with the help of e-prescriptions. Countries such as the UK are making efforts to introduce electronic prescriptions. NHS hospitals in the UK plan to go paperless by 2020. This could lead to a rapid increase in demand for e-prescribing technology in the future. A key benefit of e-prescribing is that e-prescriptions can be easily uploaded to e-pharmacy websites and medicines can be ordered online. Thus, as e-prescriptions are increasingly introduced, uploading prescriptions online has become easier and less time-consuming. Thus, all the aforementioned factors are fuelling the growth of the market.
E-pharmacy market segment
The e-pharmacy market is segmented on the basis of drug type (prescription drugs and over-the-counter drugs) and product type (skin care, dental, cold and flu, vitamins, weight loss and other product types). These segments are further subdivided on the basis of various factors and comprise some additional information about the market, such as compound annual growth rate for each segment and sub-segment, market value and volume for the assessment period.
Competitive environment
Leading companies in the e-pharmacy market include CVS Health Corporation, Albertsons Companies Inc, ALTO and Axelia Solutions (Pharmeasy). The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these key companies in the e-pharmacy market.
For more information on the market research report, please visit: https://www.sdki.jp/reports/e-pharmacy-market/114565
The e-pharmacy market is estimated to reach approximately USD 203 million by 2035 from a market value of approximately USD 60 million in 2023, growing at a CAGR of 18% during the forecast period 2023-2035.
Market overview.
The market is expected to grow dramatically due to the COVID-19 pandemic: along with the fear of contracting the SARS-CoV2 virus, doorstep and travel restrictions have increased reliance on online pharmacies for purchasing both over-the-counter and prescription medicines. Furthermore, face-to-face consultations are being replaced by virtual-based remote consultations and digital prescriptions are being generated. Similarly, leading companies have put in place various strategies to combat pandemics. For example, in March 2020, CVS Health launched new measures to curb off-label demand for medicines used to treat COVID-19 and other chronic diseases. Furthermore, the COVID-19 pandemic has triggered a trend towards contactless delivery, increasing demand for e-pharmacy in the current crisis.
Request a sample PDF report here: https://www.sdki.jp/sample-request-114565
Growth in the e-pharmacy market can be attributed to the growing number of internet consumers, increasing access to web-based and online services, and the increasing adoption of e-prescribing in hospitals and other healthcare services. E-prescribing is an electronic prescribing technology that allows healthcare professionals to go paperless by sending prescriptions in digital format instead of handwritten prescriptions. Doctors now prefer e-prescriptions as they allow patients to easily access medicines with the help of e-prescriptions. Countries such as the UK are making efforts to introduce electronic prescriptions. NHS hospitals in the UK plan to go paperless by 2020. This could lead to a rapid increase in demand for e-prescribing technology in the future. A key benefit of e-prescribing is that e-prescriptions can be easily uploaded to e-pharmacy websites and medicines can be ordered online. Thus, as e-prescriptions are increasingly introduced, uploading prescriptions online has become easier and less time-consuming. Thus, all the aforementioned factors are fuelling the growth of the market.
E-pharmacy market segment
The e-pharmacy market is segmented on the basis of drug type (prescription drugs and over-the-counter drugs) and product type (skin care, dental, cold and flu, vitamins, weight loss and other product types). These segments are further subdivided on the basis of various factors and comprise some additional information about the market, such as compound annual growth rate for each segment and sub-segment, market value and volume for the assessment period.
Competitive environment
Leading companies in the e-pharmacy market include CVS Health Corporation, Albertsons Companies Inc, ALTO and Axelia Solutions (Pharmeasy). The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these key companies in the e-pharmacy market.
For more information on the market research report, please visit: https://www.sdki.jp/reports/e-pharmacy-market/114565
by akiariku
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