ePharmacy Market to Reach US$128 bn by 2023

1. 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 self- medication 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. Avail a Sample Copy of Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=397 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

2. 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 high- speed 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 About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement. Contact Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com