ePharmacy Market

ePharmacy Market Propelled by Advancement of Global Healthcare IT
Infrastructure and Flexible Delivery of Pharmacy Services
According to a new market report published by Transparency Market Research “ePharmacy
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, the
global ePharmacy market is forecast to reach US$128.02 bn in 2023. The growth of global
ePharmacy market is majorly driven by the increasing Internet penetration in the emerging
countries across the globe, rise in the aging population and convenient access to necessary
medication at your fingertips.
ePharmacies are the websites engaged in online sale of prescription medicines and other
healthcare products. The growing trend of e-commerce and changing mindset of consumers
towards online shopping is resulting in the growing number of consumers opting for shopping
online, and eventually benefitting the ePharmacy market.
Availability of High-speed Internet to boost ePharmacy Market
The global ePharmacy market is yet to achieve its full potential and is being highly supported by
governments worldwide. Increasing geriatric population, rising availability of high-speed
internet, advancement of healthcare IT infrastructure, and rising work pressure on pharmacy
stores are amongst the prime factors fuelling the ePharmacy market. In addition, quick order
filling and on-time delivery of pharmacy services are also stimulating the demand for
ePharmacies.
On the other hand, factors such as the huge cost of initial setup and a number of errors that occur
while dispensing data may restrain the growth of the market in the coming years. In addition, a
number of rigid regulatory requirements being imposed on ePharmacy systems owing to
numerous issues taking place during quality assurance may also hamper the growth of the
ePharmacy market. Usage of ePharmacies may result in incidents of drug abuse and selfmedication and these factors may impede the overall growth of the market. Furthermore,
presence of a huge number of rogue ePharmacies may restrain customer trust, thus impeding
the growth of the overall market.
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North America ePharmacy Market emerges as the Biggest Market
In terms of geography, the ePharmacy market is segmented into Europe, North America, Latin
America, the Middle East and Africa, Asia Pacific. Amongst these, on the basis of revenue, North
America emerged as the biggest market for ePharmacy and is trailed by Europe. Europe is
predicted to be the most swiftly developing market for ePharmacy and is anticipated to surpass
North America by 2023. The prime factors stimulating the Europe ePharmacy market include
growing consumer preference for online purchase of medicines and rising availability of highspeed internet. In Europe, Germany held the biggest share in the market. On the other hand, Asia
Pacific is predicted to exhibit lucrative opportunities for ePharmacy due to increasing popularity
of the industry for e-commerce in this region.
Major players have adopted a number of competitive strategies to acquire a dominant position
in the market. The top players operating in the ePharmacy market include CanDrugstore.com,
drugstore.com Inc., Lloyds Pharmacy Ltd., The SANICARE Group, Domzdrowia.pl SA,
eDrugstore.MD, Walgreen Co., CanadaDrugs.com, Rowlands Pharmacy, MediSave, CVS
Caremark, CanAmerica Drugs, Inc., and PlanetRx.com, among others.
Browse the full ePharmacy Market (By Geography - North America, Europe, Asia Pacific, Middle East
and Africa, Latin America) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 –
2023 report at http://www.transparencymarketresearch.com/epharmacies-market.html
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According to a new market report published by Transparency Market Research “ePharmacy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, the global ePharmacy market is forecast to reach US$128.02 bn in 2023. The growth of global ePharmacy market is majorly driven by the increasing Internet penetration in the emerging countries across the globe, rise in the aging population and convenient access to necessary medication at your fingertips.

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