ePharmacy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 Transparency Market Research has published a new report on the global epharmacy market. As per the report, the global epharmacy market is expected to expand at a 17.50% CAGR during the period from 2015 to 2023. The report, titled ‘ePharmacy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,’ states that the epharmacy market is expected to progress from US$29.35 bn in 2014 to US$128.02 bn by 2023 due to factors such as the need for convenient access to required medication and the rising aging population.
Internet pharmacy or epharmacy is an online platform, which acts as an intermediate between the seller and consumer for the sale of medicines. ePharmacies are gaining popularity across the globe owing to the many benefits they offer, including easy access to complete information on prescribed drugs, low or discounted drug prices, and round-the-clock delivery of drugs. It is not necessary for the patients to be physically present at a store to buy required medicines, making ePharmacies a convenient option. The ePharmacies market is expected to grow rapidly due to the development of government regulations and ethical practices. ePharmacies serve many needs such as easy access to medical records and easy availability of medicines in remote areas. Thanks to the development of ePharmacies, consumers can easily procure drugs via a tablet or smartphones. ePharmacies are a boon for patients who are