The global ePharmacy market owes its success to the mounting use of the Internet and a massive active online presence. The demand for healthcare products is constantly on the rise and people are in need of drugs that are easily accessible and available round the clock. The report states that even though the ePharmacy market has witnessed rising importance and growth over the past few years, this market is yet to reach its full potential.
Studying the worldwide market for ePharmacy, the research report not only identifies key growth areas, but also highlights segments that need further improvement and those that hold immense promise for the future. By evaluating the impact of these factors on the market, the report provides useful and strategic recommendations to further the growth of the ePharmacy market around the world.
With the help of research tools such as Porter’s five force analysis, the report discusses the bargaining power of buyers and suppliers, the threat of new entrants and substitutes, and ongoing competitive rivalry.
Overview of the global ePharmacy market
The report states that with ePharmacies following the various regulations and standards laid down governments of various countries, ePharmacies are not only ethical businesses but have also become a source of prescription drugs that is affordable, safe, and accessible at all times.
The functioning of ePharmacies depends on IT software and supply chain management (SCM). While the IT software segment helps in receiving orders from customers and tracking the delivery of drugs, supply chain management helps integrate the numerous intermediaries that form the delivery channel.
The global ePharmacy market is regionally fragmented into North America, Europe, Asia Pacific, and Rest of the World. North America and Europe are the largest ePharmacy markets owing to increased penetration and availability of broadband services, greater presence of tech-savvy citizens, high internet usage rate, adoption of advanced technology, and thriving pharmaceutical industries. Asia Pacific is emerging as a strong contender in the ePharmacy market owing to globalization, improvement in healthcare infrastructure, rapid adoption of modern technologies, and changing mindsets partially due to the above.
With the limitless opportunities presented by the growing use of the Internet, the ePharmacy market faces the threat of cyber crime. The threats of data loss, misuse of patient information, and illegal operations are some of the key hurdles that restrict the growth of the ePharmacy market.
Companies mentioned in the research report
The ePharmacy market is characterized by intense competition among key players owing to growing medical needs across the globe. The major participants studied in the ePharmacy market research report are drugstore.com Inc., CanDrugstore.com, Lloyds Pharmacy Ltd., Domzdrowia.pl SA, The SANICARE Group, eDrugstore.MD, CanadaDrugs.com, Walgreen Co., DocMorris, Rowlands Pharmacy, ePharmacy, CanAmerica Drugs Inc., MediSave, CVS Caremark, and PlanetRx.com.
There have been numerous mergers and acquisitions as well as product developments within the
ePharmacy market and the research report analyzes the impact of each on the global scenario. It also studies aspects such as company and financial overview, recent developments, a SWOT analysis, and business strategies undertaken by the major players.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments