Online Pharmacy Industry Trends, Development and Future Analysis

The #onlinepharmacy market size is predicted to reach $261,684.5 million by 2030 from $68,382.3 million in 2021, at a CAGR of 16.1%. This has a lot to do with the sharp increase in the number of internet users.

Moreover, due to the pandemic, the lockdown became one of the key driving factors, as, confined to their homes and needing medicines, people turned to online pharmacies.

The traditional visits to the clinics for consultation and getting medicines have been replaced by e-prescriptions, which has helped in saving a lot of time for people. Apart from time, significant money can be saved by purchasing medicines from online pharmacies, because there are numerous offers and discounts available. Moreover, the growth of the online pharmacy market can also be attributed to an increase in the use of smartphones, as everyone can purchase the medicines with just a few clicks.

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