There is a Continuous growth in “ePharmacy Market” in last five years and also continued for the forecasted period of 2018 to 2023. ePharmacy industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. ePharmacy Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
Ask for Sample PDF of Report at https://www.absolutereports.com/enquiry/request-sample/13104430
The global ePharmacy market is expected to witness a CAGR of 14.2% over the forecast period of 2018-2023. The key factors propelling the growth of the market studied are rise in the number of internet consumers, increased access to web-based & online services and rising implementation of e-prescriptions in hospitals and other healthcare services.
Rising Implementation of e-Prescriptions in Hospitals to propel the e-Pharmacy Market
e-Prescription is the electronic prescribing technology that allows healthcare professionals to send the prescriptions electronically instead of using handwritten prescriptions. This technology has improved the efficiency of the pharmacy operations and pharmacy management. It also reduces the chances of errors that occur because of the handwriting of the doctors. There are pharmacy software’s that check for the appropriate dosage form and the proper drug that is being given to the patient. Doctors now prefer e prescriptions because patients get ease of the access to the medicine with the help of e prescriptions. Countries like UK are putting more efforts in the implementation of the e prescription. The NHS hospitals in England are planning to go paperless by the year 2020. This will increase the e prescription rapidly in the future. Major advantage of e prescription is that, one can easily upload his e prescription on the ePharmacy website and order medicine online without any hurdle. There are ePharmacy websites that does not sell drugs or medications without prescriptions. It is quite tough for the patients to upload the handwritten paper online. Therefore, due to the increasing implementation of e prescriptions, uploading the prescription online has become easy and less time consuming. This in turn is contributing for the growth of ePharmacy market in the forecast period. Other factors such as rise in the number of internet consumers and increased access to web-based & online services are also contributing for the growth of this market.
Increasing Number of Illegal Online Pharmacies Limits the Growth of ePharmacy Market
According to the ASOP Global Foundation (Alliance for Safe Online Pharmacies), at any given time, 35,000 online pharmacy websites are active among which 96% are not legally following the laws and pharmacy standards. The counterfeit medication provided by illegal online pharmacies is manufactured under the unsafe conditions. In the year 2018, one of the Canadian online pharmacy was importing counterfeit cancer drugs and other drugs that were not approved by the regulatory body. For this, the pharmacy was fined around USD 34 million. Such instances are increasing day by day and that is the biggest factor contributing to the hindrance of the ePharmacy market. However, Organizations like ASOP Global Foundation are continuously giving attention towards such illegal online pharmacies and working towards the eradication of such pharmacies and let people buy safer online drugs. As per the American Pharmacist Association (APhA), around 36 million people from America buy prescription medicines online without the proper prescription. These circumstances are coming into picture because of the rising online pharmacies that allows people to buy drugs without prescription. Due to the availability of such illegal online pharmacies, people are getting access to the drugs that are banned to buy without prescription such as narcotics and opioids. Rising number of illegal pharmacies is having a great negative impact on ePharmacy market. However, the involvement of government and other associations in the eradication of illegal sell of online drugs is helping to reduce the number of unlawful or fake online pharmacies.
North America Holds the Largest Share in the ePharmacy Market
North America accounts for the largest share of the market studied. This can be primarily attributed to more number of internet users and higher adoptability to the online services, which are expected to augment the growth of the market studied over the forecast period.
Key Developments in the Market
Jun 2018: CVS Health Expands Safe Drug Disposal at CVS Pharmacy Locations in Arizona to Help Combat Opioid Abuse.
May 2018: Walgreens Launches Online Skincare Advisor SkinID™ to Provide Acne Sufferers with Personalized Skincare Regimens
Major Players – CVS HEALTH, DOCMORRIS (ZUR ROSE GROUP AG), EXPRESS SCRIPTS HOLDING COMPANY, GIANT EAGLE, INC, OPTUM RX, INC., ROWLANDS PHARMACY, THE KROGER CO., WALGREEN CO., WALMART STORES, INC., among others
Major Regions: – Canada, US, France, Germany, UK, China, India, Japan, South Korea, Argentina, Brazil, Mexico, Saudi Arabia, South Africa, UAE
Request Discount at: – https://www.absolutereports.com/enquiry/request-discount/13104430
Major Points Covered in Table of Content of ePharmacy Market:
- Research Methodology
- Executive Summary
- Key Inferences
- Market Overview
- ePharmacy Market Dynamics
- Market Segmentation
- Competitive Landscape
- Key Players
- Future of the Market
And Many More….
Purchase Report at http://absolutereports.com/purchase/13104430
About Absolute Reports:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.
Name: Ajay More
Email: [email protected]
Organization: Absolute Reports
Phone: +14242530807/+44203239 8187