Availability of Express Delivery across Metro Cities and Automated Monthly Subscriptions Plans are Key Parameters Considered by the Chronic Patients while Selecting an E-Pharmacy Brand: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit E-pharmacy business which majorly depends on online mode of payment, has gathered steam in Kolkata and the other parts of Bengal in the last month (May-June 2020). Apart from Covid-19 lockdown norms, shortage of adequate stocks and a minuscule discount in retail medicine shops shot the demand for medicine delivery through various e-pharmacy platforms. Buying from home option lead to surge in e-pharmacy sales. Online medical stores such as Netmeds, 1mg and PharmEasy, which have been struggling to take off in a big way for over three years mainly due to regulatory issues, have seen an unprecedented surge in sales across cities amid the Covid-19 crisis. Online grocers and pharmacies are pulling out all stops to hire manpower to deliver essential items, at a time when demand has been unprecedented due to the ongoing lockdown to combat the spread of the Covid-19 outbreak. Emerging Technologies: The advent of E-Consultations as well as the use of cutting edge technologies & AI in healthcare will take E-Pharmacy model to next level. The ability for a patient to enjoy higher quality and convenience while optimizing price, will drive the market share up for e-Pharmacy players. The e-pharmacy websites provide health blogs which provide information about the drugs purchased like indications, adverse effects and dosage requirement. They also provide information and awareness about various medical conditions to increase patient education and awareness. Regulatory Framework and Support on Technological Aspects: It is critical that the regulatory framework in the country be conceptualized keeping in mind the larger interests of the consumers in the country. If technology is available to cut the intermediary costs on medicines, it must be allowed to be used to its full potential, as it will bring down the retail price of many drugs and will benefit the middle-class. Hence, this is the right time for the Government of India to define policies and guidelines for E-Pharmacy and come up with a clear-cut operating model, in line with the concerns of the regulator, while providing benefits to the consumers. Impact of e-Pharmacy Model on the Traditional Brick and Mortar Pharmacies: Currently, there is a lot of misunderstanding about E-Pharmacies impacting the traditional brick and mortar pharmacies. In reality, E-Pharmacy model enables the existing traditional pharmacies to cater to a broader set of customers and also ensures that the inventory is consolidated by reducing the requirement for working capital, removing wastage from system and increasing margins, thus making the model sustainable for each entity in the industry. Analysts at Ken Research in their latest publication “India E-Pharmacy Competition Benchmarking – A Detailed Analysis of Major E-Pharmacy Players in India“ observed that the fast-growing Indian E-Pharmacy industry needs to focus on key areas such as logistic infrastructure, lab diagnostic segment, organic growth in average daily orders and strategic partnerships with various entities to promote wellness goods & consumer goods sale with a view to create a sustainable all in one online platform catering across India, which will promote the growth of the sector in a more structural & organized way by increasing the reach of the platform. The India E-Pharmacy Industry is currently in its nascent stage & is expected to grow exponentially with an influx of investment in this space. Key Target Audience:- Pharma/Medicine Manufacturers Medicine Distributors/Wholesalers Health Supplements and OTC Products Manufacturers 3PL Logistic Players Government Organization catering to the Pharmaceutical Industry E-Pharmacy Players Offline Pharmacy Players Hospitals Industry Associations Time Period Captured in the Report:- FY’2015-FY’2020 Companies Mentioned:- Medlife Wellness Retail Private Limited Netmeds Marketplace Limited Pharmeasy (91 Street media Technologies Private Limited) 1 MG Technologies Private Limited For More Information on research report, refer to below link:- India E-Pharmacy Market Related Reports:- 1 MG Technologies Private Limited – Business Overview, Strategy, Investment & Financial Analysis Report Medlife Wellness Retail Private Limited – Business Overview, Strategy, Investment & Financial Analysis Report Netmeds Marketplace Limited – Business Overview, Strategy, Investment & Financial Analysis Report Pharmeasy (91 Street media Technologies Private Limited) Business Overview, Strategy, Investment & Financial Analysis Report Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 1 MG Diagnostic Labs India, 1 MG E-Pharmacy Market Revenue, 1 MG E-Pharmacy Market Share India, Average Number of Orders India E-Pharmacy Market, Coronavirus Impact India E-Pharmacy Industry, Coronavirus Impact India E-Pharmacy Market, Covid-19 Impact India E-Pharmacy Industry, Covid-19 Impact India E-Pharmacy Market, Drug Delivery Players India, E-Pharmacy Diagnostic Lab India, E-Pharmacy Industry In India, E-Pharmacy Market In India, Evaluation Study India E-Pharmacy Market, Evaluation Summary Report India E-Pharmacy Market, Evaluative Survey India E-Pharmacy Market, India 3PL Logistic Players, India E-Pharmacy City Wise Penetration, India E-Pharmacy Due Diligence Report, India E-Pharmacy Growth Strategy Market Report, India E-Pharmacy Hospitals Market, India E-Pharmacy Industry, India E-Pharmacy Industry Research Report, India E-Pharmacy Market, India E-Pharmacy Market Analysis, India E-Pharmacy Market Competition, India E-Pharmacy Market Competition Benchmarking, India E-Pharmacy Market Evaluation Report, India E-Pharmacy Market Forecast, India E-Pharmacy Market Future Outlook, India E-Pharmacy Market Growth, India E-Pharmacy Market Major Players, India E-Pharmacy Market Research Report, India E-Pharmacy Market Revenue, India E-Pharmacy Market Revenue Forecasting, India E-Pharmacy Market Shares, India E-Pharmacy Market Size, India E-Pharmacy Market Trends, India Online Pharmacy Market Competition, India Online Pharmacy Market Penetration, India Online Pharmacy Market Size, India Online Retail Pharmacy, India Online Wellness Goods Market, Indian E-Pharmacy Industry, Indian E-Pharmacy Market, Industry Research Report Of India E-Pharmacy, Logistics Charges Online Pharmacy Market India, Market Research Report Of India E-Pharmacy, Medicine Distributors Market India, Medicine Wholesalers Market India, Medlife Diagnostic Labs India, Medlife E-Pharmacy Market Shares, Netmeds Diagnostic Labs India, Netmeds E-Pharmacy Market Share, Netmeds E-Pharmacy Market Size, Number of E-Pharmacy Companies India, Number of Online Pharmacy Companies India, Online Health Consultation Market India, Online OTC Medicines Market India, Online Prescription Drugs Market India, Online Prescription Medicines Market India, OTC Products Manufacturers India, Pharmaceuticals Delivery Players India, Pharmeasy Diagnostic Labs India, Pharmeasy E-Pharmacy Market Sales, Pharmeasy E-Pharmacy Market Share, Social Evaluation Research India E-Pharmacy Market, Write An Evaluation Report On India E-Pharmacy Market