Global EPharmacy Market To Reach US$ 244.0 Billion By 2027 - Coherent Market Insights

Epharmacy Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
 
 
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SEATTLE - Sept. 22, 2020 - PRLog -- Global ePharmacy Market: Competitive Landscape

Major players operating in the global Epharmacy Market include, CVS Caremark, Banner Health, DocMorris NV, Ro, Zur Rose Group AG, Right ePharmacy, PlanetRx.com.Inc., Lloyds Pharmacy Ltd., Dr. Fox Pharmacy, eDrugstore.MD, MediSave, Walgreen Co, and Rowlands Pharmacy.

Global ePharmacy Market: Drivers

Increasing adoption of smartphones is expected to boost growth of the global ePharmacy market over the forecast period. For instance, according to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.

Key Takeaways:

The global ePharmacy market was valued at US$ 69.7 Bn in 2019 and is forecast to reach a value of US$ 244.0 Bn by 2027 at a CAGR of 17.0% between 2020 and 2027. Increasing adoption of Internet, and increasing demand for cost effective medications through easy resources such as online, is expected to support growth of the market.

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North America held dominant position in the global ePharmacy market in 2019, accounting for 35.9% share in terms of value, followed by Europe and Asia Pacific, respectively. Presence of leading ePharmacy chains in the region is expected to support growth of the North America ePharmacy market over the forecast period.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

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Market Trends

The COVID-19 pandemic has shifted preference to ATM pharmacies are majority of countries are under lockdown. For instance, in South Africa, in March 2020, Right ePharmacy announced that patients can collect their monthly medicines from its ATM pharmacies.

The COVID-19 pandemic has also affected the revenue of several market players. For instance, in April 2020, Zur Rose Group AG, a Switzerland-based e-pharmacy, announced that demand in its physicians business in Switzerland has dropped due to the decree by the country's Federal Council that only urgent interventions and treatments may be performed during the COVID-19 pandemic.

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