Epharmacies Market Expected to Progress from Us$29.35 Bn in 2014 to Us$128.02 Bn by 2023, Due to Internet Penetration

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.

Download Free Report Brochure With Complete Facts & Figures:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=397

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 seriously ill and need medicines urgently. However, the rising illegal sale of controlled prescription drugs is expected to hamper the growth of the global ePharmacy market in the years to come. Sales of medicines through ePharmacies can also lead to incidents of self-medication or drug abuse, which can be avoided with the integration of advanced technologies associated with drug delivery procedures.

Based on geography, the global epharmacy market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East. In 2014, in terms of revenue, the global epharmacy market was dominated by North America, followed by Europe. Europe is expected to be the fastest growing market in the global epharmacy market by 2023 due to factors such as the increasing penetration of high-speed internet and the increasing preference for buying medicines online. In the next few years, Asia Pacific is predicted to display lucrative...