India E-Pharmacy Competition Benchmarking Report: 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 The Indian pharmaceuticals market is the third largest in terms of volume and 13th largest in terms of value, globally. The growth in this space will be primarily driven by the high burden of disease, good economic growth leading to higher disposable income, improvements in healthcare infrastructure & improved healthcare financing, to name a few. India is expected to be among the top three pharmaceutical markets by incremental growth and the sixth largest market globally in absolute size by the end of 2020. On the other hand, India E-Pharmacy market is at its nascent stage, but like other categories, it has the potential to be a very large industry segment in the near future. The advent of online pharmacy retailers in the Indian market during Covid period will further increase the penetration of the organized pharmacy segment in the country. Most e-pharmacies have seen a surge in demand, thanks to customers beginning to recognise them as a safer, faster, and cheaper mode than physical stores. It is expected that the E-Pharmacy model could account for 15%-20% of the total pharma sales in India over next 10 years, largely by enhancing adherence and access to medicines for a majority of the under-served population. Currently, many E-Pharmacy players such as Medlife, Netmeds, 1MG and Pharmeasy operate in this segment and offer varied value added services to the consumers. Though, the market competition is majorly concentrated among these major players, but we have witnessed the entry of many new entrants into this market in recent months owing to its rising popularity of the segment in the retail pharmaceutical industry. Challenges for Retail Pharmacy Market in India Low Industry Margins: Retail pharmacy is a highly fragmented and competitive industry with ~800,000 registered retail outlets across the country. Drugs are bought in smaller quantities by these retail stores from drug distributors at high prices which in turn reduces their profit margins. Sustainability of the Industry: Due to increased competition and rising pressure on price controls, the sustainability of the retail pharmacy industry is at risk due to the already lower profit margins. Technology adoption can help this industry to increase productivity and provide value-added services to consumers. Drug Abuse: Allegations of medicine sales without prescriptions are levied at some of the retail pharmacies. This has led to significant number of cases of drug abuse in the country. Counterfeit Medicines: Retail pharmacies in India are alleged to sell sub-standard and fake medicines, thereby increasing the risk of adverse effects. Tracking & Documentation: Sale of drugs also happens without providing bill / invoice for the purchase, affecting the amount of tax collected. Poor documentation of prescription drug sales is therefore impacting the drug recall process and poor inventory management. Competition Overview The competition in E-Pharmacy space of India has consolidated in last 2-3 years. The industry majors such as Medlife, Netmeds, Pharmeasy & 1 MG are seeing surge in their number of orders each month and are looking forward to expand their distribution reach further to Tier 2 & Tier-3 cities and rural regions as well. Medlife and Pharmeasy have the widest reach amongst all the e-pharmacy players, delivering medicines to approx 25,000+ pin codes across the country. Netmeds supplies drugs to all major cities in India with presence in approx 19,000+ pin codes as of FY’2020. The major parameters of competition are the product portfolio of companies along with various value added services & discount option offered by various players. The e-pharmacy players in India are undertaking various activities for marketing in order to gain competitive advantage and to increase customer retention. Therefore, players are allocating high portion of their total expenses to marketing activities. Advertising is mainly done through digital media platforms such as Whatsapp, Facebook, Instagram and other social media platforms. Many players are also offering discounts in the range of 15-70% to attract more and more consumers on their platforms. Future Growth Online pharmacies account for 1.5-3% of the total pharmacy sales in India. The country has over 502 million smartphone users and 653 million mobile broadband subscribers and it is expected this will further augment the penetration of these platforms in the coming years specifically among young consumers. Going forward, players might develop their hybrid models and could partner further with offline pharmacies and pharmaceutical manufacturers to avail the benefits of both the worlds- offline and online and will be able to expand their product portfolio to other segments as well to increase their revenue generation capability and to offer a one stop solution to every healthcare needs of the consumers. The report would be beneficial for various stakeholders who are interested to understand the overall ecosystem, competition framework & challenges faced by the major E-Pharmacy companies in India. 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 Key Topics Covered in the Report:- Operating Analysis of Medlife, Netmeds, Pharmeasy, 1 MG (Including GMV, Number of Orders (Per day), Average Ticket Size, Month-on-Month growth Rate (On the basis of GMV), Cancellation Rate, Refund Policy, Logistic Charges, Number of Warehouses , Number of Application Downloads (As of 31st May, 2020) (Monthly Average), Partnerships, Unique Selling Proposition, Business Strategies, Strength, Weakness) Financial Analysis of Medlife, Netmeds, Pharmeasy, 1 MG (Including Total Revenue, Growth of Revenue (%), Total Expenses, Earnings before Tax & Extraordinary Items, Earnings after Tax (Net Income), Growth of Net Income (%), EPS, Advertisement Expenses) Heat Map Analysis of Value Added Services (Including Online Consultation, Diagnostic Labs, Appointments with Doctors, Health Blog) Services Analysis of Players (Including Delivery Timings, Refund Status, Express delivery, Subscription model, Private Label Goods, Diagnostics Services, Live Doctor Consultation, SKU Details (Top Categories), Payment Services Competition Analysis (Market Share on the basis of GMV) For More Information on research report, refer to below link:- India E-Pharmacy Market Related Reports:- Philippines Pharmacy Retail Market Outlook 2023 – By Organized and Unorganized Segment, By Standalone and Hospital Based Pharmacies, By Region, By Generic and Patented Drug, By Prescribed Medicines, OTC Products, Non Pharmaceutical Products and Medical Equipments, by Therapeutic Class (Anti-Infective, Cardiovascular, Gastro Intestinal, Anti Diabetic, Vitamins, Minerals and Nutrients, Respiratory, Pain Analgesics, Dermatology, Neuro, Gynaecological and Others) Germany Retail Pharmacy Market Outlook to 2023 – By Type of Pharmaceuticals (Prescription Only, Pharmacy-Only, Supplementary Products and Unrestricted OTC pharmaceuticals); By Number of Main and Franchise Pharmacies; and By Federal States; By Online Sales 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