NORTH AMERICA E-PHARMACY MARKET ANALYSIS

Market Challenges And Opportunities

North America E-pharmacy Market – Driver

Increasing adoption of e-pharmacy services by a large population group in North America. Increasing adoption of e-pharmacy services by a large population group in North America, pharmaceutical companies are focusing on launching e-pharmacy or digital pharmacy services in the region. For instance, in March 2020, Digital Health and supply chain entrepreneurs launched Genius Rx, a full-service, fully automated digital pharmacy. On June 25, 2020, Medicure Inc. is a value-based pharmaceutical company committed to the development and commercialization of innovative and affordable therapeutics for the U.S. market, launched a direct-to-patient online pharmacy program for the distribution of ZYPITAMAG in the U.S. This program help the company offer services at reduced costs, including no retail pharmacy filling fees, and increase the availability of products.

E-prescription is the electronic prescribing technology

E-prescription is electronic prescribing technology that allows healthcare professionals to go paperless by sending prescriptions in digital format instead of handwritten prescriptions. Doctors now prefer e-prescriptions to let patients quickly access medicine with the help of e-prescriptions, which is expected to aid in the growth of the market. For instance, in March 2021, Co-op Health, a digital prescription service that allows individuals to obtain medication via an app or the web for pickup at a nearby pharmacy or home delivery, was acquired by Phoenix Contact provides innovative products and solutions for all aspects of connection technology, electronics, and automation. Discover them here. The app has shown a sharp increase in demand, and Phoenix US uses its network of Numark and Rowlands to meet that need. Such acquisitions in the e-pharmacy segment are expected to drive market growth due to the rise in the adoption and expansion of services.

North America E-pharmacy Market: Key Developments

In January 2022, Mark Cuban Cost Plus Drug Company started an online pharmacy offering affordable generic medications under the name "Mark Cuban Cost Plus Drug Company" (MCCPDC), a brand-new online pharmacy. Although the company does not accept insurance, the website is now selling more than 100 medications, many of which are priced below what a person would have to pay even with insurance. Such initiatives to provide cost-effective medication are further expected to drive market growth in this region.

In June 2021, PharmEasy, an online pharmacy and medical store offering pharmaceutical and healthcare products, Purchased a controlling share in Thyrocare Technologies, a diagnostics company. This alliance will provide huge potential and synergies for the whole Indian healthcare ecosystem of customers, physicians, and suppliers.