With IoT intrinsically seeping into the diverse economy sectors today, e-Commerce industry has witnessed exponential growth from significant industries today, and it is no different for pharmaceuticals. Promising the delivery of pharma products to the consumers’ right at the comfort of their homes, e-Pharmacy is dynamically equipping the health & wellness and patient care industry with high-quality pharma products today. In fact, owing to the growing population and patient pool, and affordability of medicines, the pharmacy retail market has increased rapidly in the past few years, where COVID-19 pandemic has largely augmented the market’s growth.
According to HTF Market Intelligence report, while the e-Pharmacy market was valued at Rs.50.71 billion in 2020, it is estimated to reach Rs.458.14 billion by 2026, expanding at a CAGR of 44.99 percent during 2021–2026. Also, as the Indian E-Pharmacy market was operating with ~50 e-Pharmacies and accounted for 14 percent share of the total revenue of e-Pharmacies in the Asia Pacific Region in 2020, the numbers have risen pragmatically in the last few years. Though, the onslaught of COVID-19 has caused disruptions in the global supply chains, Pharmaceutical manufacturers in India are prolifically boosting the industries demand providing with quality pharma manufactures. With known E-Pharmacies like NetMeds, MedPlus, Practo,1mg, Truemeds, PharmEasy, Apollo Pharmacy,...
1mg | With quality service, this app enables hassle-free service in more than1000 cities across India powered by its tieup with licensed & verified pharmacies | |
Apollo Pharmacy | Accredited with International Quality Certification, they offers more than 5,000 products in various categories | |
Ayush Arogyam | Delivers ayurvedic products to every household across India by providing end-to-end services via franchise based business model & integrated online platform | |
Easymedico | Online network in India where users can buy prescription medicines by uploading their prescriptions and get them delivered at doorsteps at great discounted price | |
mChemist | Focused on making healthcare products & services accessible to every Indian, whether they reside in remote area or a metropolitan city, at the same rates nationwide | |
Medlife | Pioneers in offering value-added services, such as laboratory tests, appointments with best doctors, chat support, record maintenance, health blog and many more | |
Netmeds | They have supplements, pain relievers, personal careproducts, healthcare products, cosmetics, baby products,and many | |
Pharmeasy | Provides medical equipments, OTC products, and chronic healthcare products on their PharmEasy app | |
Practo | The Company offers an online software platform that provides automated appointment scheduling, billing solutions, and storage of medical records | |
Soul Pharmacy | Full-range pharmacy, which offers medicines, FMCG, surgical items, and homeopathic medicines |