The global ePharmacy market size was valued at USD 49,727.7 Million in 2018 and is projected to reach USD 177,794.9 Million by 2026, exhibiting a CAGR of 17.3% in the forecast period (2019-2026)
The ePharmacy Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The ePharmacy Market by region.
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The growing reach of e-commerce has facilitated the ePharmacy to capture a wide customer base in the developed and developing countries of the world. Millennials of this generation are highly reliant on the online procurement of goods like cosmetics and over the counter medicines. There are also various startups springing up around the globe due to the advent of new information technologies and algorithms that offer better consumer experience and satisfaction. New technologies based on artificial intelligence is estimated to ensure better customer satisfaction in market. All these factors cumulatively are expected to drive the global ePharmacy market growth.
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Pre-Post COVID-19 Impact on Global ePharmacy Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the ePharmacy Market, since end-user industries were still not operating at their full capacity.
Who are the Major ePharmacy Market Vendors?
- CVS Health Corporation
- Express Script Holding Company
- Walgreen Co.
- Optum Rx, Inc.
- Giant Eagle, Inc.
- Walmart Stores, Inc.
- Rowland Pharmacy
- The Kroger Co.
- Other players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the ePharmacy Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
- How big is the ePharmacy Market?
- What is ePharmacy Market?
- Who is the market leader in ePharmacy Market?
- Who are the major players in ePharmacy Market?
- What is the future of ePharmacy Market?
- What are the fastest growing industries?
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