October 24, 2019
According to the latest study titled ‘Europe Online Pharmacy Market: Analysis By Type (Prescription Drugs, Over the Counter Drugs), By Country (UK, Germany, France, Italy) - Sizing, Growth, Opportunities and Forecast (2019-2024)’ available with Market Study Report LLC, the Europe online pharmacy market is estimated to grow substantially by the year 2024.
An online pharmacy operates over the internet and provides medicines to consumers through mail or shipping companies. The e-pharmacy cuts down the long chain of distributors and directly issues medicines to the end user at an economical price.
The growth of Europe online pharmacy market is attributed to increasing healthcare awareness among population, rising incidences of chronic diseases, coupled with growing digitalization, introduction of e- prescription, and surge in the number of e-commerce buyers across the European countries.
The study encompasses details about competitive landscape, along with revenue shares and SWOT analysis for each market player. Information pertaining to market dynamic including drivers, trends, and restraints is also given.
As per the report, major benefit of e-prescription is that it can be uploaded on the e-pharmacy website and medicines can be ordered online, without any complications, which is augmenting the growth of Europe online pharmacy market. However, concern regarding delivery of fake pharmacy products will hinder the market growth to some extent.
The report offers strategic recommendations like, inclusion of all type of medicines at e-pharmacy platform and use of social media for promotion are provided, which can be beneficial for the market contenders intending to expand their business.
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Based on type, the market is segmented as over the counter drug and prescription drug. While considering the geographical landscape, the Europe online pharmacy market is fragmented into four main regions which are U.K., Germany, France, and Italy.
The key contenders of Europe online pharmacy market outlined in the report comprise of Shop Apotheke, Zur Rose, Apotea.se, Apotal.de, and Medikamente-per-klick.
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