Innovative Online Platforms along with Intuitive Sourcing & Strong Logistic Infrastructure Facilitating Growth in India Online Pharmacy Retail Space: 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 Apollo Hospitals is betting big on pharmacy business amid a sharp fall in the occupancy rates at its hospitals due to Covid 19. In the March quarter, while the hospital business performance growth was subdued at 4.0% year on year, pharmacy business grew at a strong ~33.0%. Its management has given strong growth guidance for the latter. Virus boosts digital payments in India where cash ban failed. The coronavirus outbreak may finally accomplish what India’s shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from Medicines, groceries, electricity bills and Mukesh Ambani’s Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in e-commerce. The deal may see Reliance, through one of its subsidiaries; pay USD 130-150 million for the asset, which may also include a fresh infusion to expand the operations. The deal may happen at a slight premium to their last funding round valuation. Value Added by e-Pharmacy to the Healthcare System in India: E-Pharmacy improves consumer convenience and access. This will most importantly benefit chronic elderly patients living in nuclear families, and patients who are not in a condition to go out to find a pharmacy. E-Pharmacy also offers competitive pricing which thereby enables less affluent people to afford medicines. There are a lot of technology advancements that are coming up in the form of applications which help in bringing price transparency, create awareness, find an appropriate healthcare service provider, medicine reminders and other alerts to the consumers. E-Diagnostics Revenue Stream is Expected to be a Significant Contributor: Many e-pharmacy players in India are trying to integrate other healthcare services such as diagnostics, doctor consultations, doctor appointments etc. on their platforms to widen their service portfolio. E-Pharmacy players have tie-up with laboratories and offer online booking of diagnostic tests, health packages and home collection of pathology samples. Few players such as Medlife have started their own laboratories offering diagnostic services for patients on their e-pharmacy platform. Diagnostic is one of the fastest growing sectors in healthcare industry. With e-pharmacy players offering diagnostic services and opening their own diagnostic laboratories, e-diagnostics revenue stream is expected to be a significant contributor for e-pharmacy players. Unclear Regulations on E-Pharmacies Might Hinder Future Investments: E-pharmacies in India seem to be on a roller-coaster ride. While the sector is witnessing a soaring customer base, the lack of clear regulations by the government is causing anxiety among the stakeholders. On the business front, the e-pharmacy sector is expected to grow at an exponential CAGR of 63.0% in the next 2-3 years and has currently ~30,000 skilled professionals employed in the space. The access that the e-pharmacy model is providing is something that the consumer buys and is really appreciative of. People are appreciating a better model of access, and the growth has also reached tier-II, III, IV cities. It is expected that the industry will receive defined and structured guidelines from the government which will further help the industry to innovate its offering for its consumers. 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 3PL Logistic Players E-Pharmacy Players Offline Pharmacy Players Hospitals Government/Regulatory Bodies Retail 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