03 August 2017
Visiongain’ has launched a new pharma report Global ePharmacy Market Report : US, Canada, Mexico, UK, Germany, Italy, France, Spain, Portugal, India, China, Japan, Australia, GCC, Egypt, South Africa
ePharmacy or online pharmacy or internet pharmacy as it is sometimes called is an internet-based service where vendors can sell various pharmaceutical products both legally or illegally. The current report is an estimation of the legal online pharmacy market. Most pharmaceutical chains are trying to have their online portal to help in establishing a global reach for dispensing drugs. The market however is very sensitive owing to the regulations which though are already established in the developed countries of North America and Europe, is still being framed in emerging countries such as India and China.
The lead analyst of this report commented “ePharmacy has been seen for many years as an upcoming and potentially transformative technology. Factors such as the developing regulations of online pharmacy in developing countries, growing economic feasibility, cheap prices of generic drugs and the ease of ordering medicines from home is going to benefit the growth of the market.
However, the industry has many barriers to overcome. Current reimbursement and regulatory systems, threat of illegal pharmacies and increasing risk of drug abuse. In addition, entry of big e-commerce giants like Amazon and Walmart will also pose a threat to the existing market players.”
Leading companies featured in the report include DocMorris, CVS Caremark, Lloyds Pharma
Walgreens Boots Alliance, Pharmacy2U, Rowlands Pharmacy
Notes for Editors
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