E-Pharmacy: Opportunities Ahead
E-Commerce is one of the business segments which is most expanding sector globally. In India also E-Commerce industry is growing at a very fast rate and attracting more and more investors and customers. Though most of the segments of e-commerce are saturated and have stiff competition but still E- Pharmacy is one segment in Indian market that is not widely tapped and having great potential. In Indian e-commerce industry, E-pharmacy is the new vertical which is receiving great attention from government and investors now days. Current market size of E-pharmacy in India is around $512 million and it is growing at very fast rate and is estimated to reach the figure of US $3,657 million by 2022 growing at a CAGR of 63%. Though the e-pharmacy segment in India is at its budding stage but it is promising the high potential to be one of the large industry segments in the coming future. E-Pharmacy might account for around 15%-20% of the total Indian pharmaceutical sales in the coming 1