Convenience and availability push e-Pharma market growth
The global e-pharma market is expected to reach U.S. $109.2 billion by 2025, according to a new report by Grand View Research Inc. (grandviewresearch.com). The market is primarily driven by constant increase in the number of internet users, improved access to web-based & online services, and rapid increase in aging population who find it difficult to visit pharmacies. Convenience, affordability and ease in availability of medicines are fueling market growth.
Increase in prevalence of chronic conditions and diseases across the globe is resulting in constant growth in demand for various drugs and healthcare products. High cost of treatment is indicating the need to reduce health care cost. Online pharmacies are gaining popularity owing to lucrative offers such as price discounts that result in cost savings. In addition, increase in adoption of e-prescriptions in hospitals and other healthcare facilities are further expected to boost growth.