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ePharmacy Market Size [2022-2028] worth USD 177,794 Million

The global ePharmacy market size is projected to reach USD 177,794 million by 2026 owing to increased home deliveries as patients need not travel to the pharmacy store. In addition, these e-stores provide medicines at a discounted prices compared to pharmacy stores. Since e deliveries are common in other sectors, many e-commerce giants are also investing in the healthcare sector. For instance, Amazon is set to acquire epharmacy company PillPack for USD 753 million. This information was given by Fortune Business Insights™ in a report, titled, “, 2020-2027.” As per the report, the market stood at USD 49,727.7million in 2018.  It is set to exhibit a dramatic growth in CAGR by   17.3% during the forecast period between 2022 to 2026. Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers. Request a Sample Copy of Research Report: Advent of Latest Technologies based on Artificial Technology will Add Impetus to Market The presence of the high geriatric population and their vulnerability to various diseases have propelled this generation to be reliable on medicines at a regular period. This also increases the dependency on a third person for the purchasing of drugs. The advent of ePharmacy reduces the involvement of third-party for delivering drugs and this is one of the factors responsible for the growth of this market. Besides this, ePharmacy provides medication at a discounted rate than the local retail shops and this is also helping to increase its popularity in the market. Additionally, the rise in penetration of the e-commerce industry is also influencing the positive growth of the market. For more information in the analysis of this report, visit: Prescription Medicine Segment to take over in Coming Years on Account of Increasing Awareness among People Based on product, the market is bifurcated into over-the-counter products and prescription medicine. Among these, the over-the-counter segment dominated the market in 2018 but is likely to be overpowered by the prescription medicine segment in the forecast duration. This is attributed to the increasing awareness about health and the importance of prescribed medication around the world. About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Email: [email protected]