The global internet pharmacies market is estimated to reach USD 65.5 Billion by 2020, growing at a CAGR of 17.4% from 2016 to 2020. The internet pharmacy industry is likely to be driven by rising personal disposable income, lower prices, surge in internet penetration, stupendous growth of online retail market and a large number of online players entering the online healthcare product segment. The major players are in a race to increase their share in the industry by implementing various marketing initiatives, technology advancements, switching to different business models and others.
Browse Internet Pharmacies Market by Geography – North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World 2016-2020 at https://www.ihealthcareanalyst.com/report/online-pharmacies-market/
An online pharmacy, Internet pharmacy, e-pharmacy or mail-order pharmacy is a pharmacy that operate over the Internet and sends the orders to customers through the mail or shipping companies. While many internet pharmacies sell prescription drugs only with a prescription, some do not require a pre-written prescription. Patients can save time and money by purchasing drugs from Internet pharmacies, but they can also end up with counterfeit or substandard medications. As the online pharmacy industry grows, so do concerns about the safety of obtaining prescription drugs through the Internet. Therefore, sufficient measures were introduced by government agencies to ensure the safety of consumers while balancing the convenience and potential cost saving from using the Internet to purchase prescription drugs. Independent research published by the National Bureau of Economic Research demonstrates that online pharmacies, U.S. and foreign, verified by certain credentialing entities, sell genuine medication and require a prescription. It further states that, all tested prescription drug orders were found to be authentic when ordered from online pharmacies, international and U.S.-only, approved by PharmacyChecker.com, as well as U.S. online pharmacies approved by the National Association of Boards of Pharmacy (NABP), Verified Internet Pharmacy Practice Sites (VIPPS) program or LegitScript, whereas 90 percent of tested products ordered from non-credentialed online pharmacies were counterfeit.
The global internet pharmacies market report provides market size (2013 to 2020), market share and forecast trends (2016 to 2020). The global internet pharmacies market is segmented by geography into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World. The global internet pharmacies market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis as well as profiles of major internet pharmacies in the global market by understanding the current trends, challenges and competitive strategies adopted by them in the global internet pharmacy market.
Major players operating in the global internet pharmacies market and profiled in this report include Banner Health, CVS Caremark, DocMorris NV, Dr. Fox Pharmacy, eDrugstore.MD, Lloyds Pharmacy Ltd., MediSave, PlanetRX.com Inc., Rowlands Pharmacy, and Walgreen Co.
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