Coherent Market Insights has published the following business research reports: Beauty & Personal Care (BPC) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecasts 2023-2030. E-Pharmacy Beauty and Personal Care (BPC) Market with over 150 market data tables, pie charts, graphs and diagrams spread across pages and easy to understand in-depth analysis. Information is collected based on the most recent floats and requests identified in management and items.
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Globally, the e-pharmacy beauty and personal care (BPC) market is expected to reach USD 20.2 billion by the end of 2027, developing significantly during the forecast period 2020-2027. Along with the increasing need for beauty and personal care products, the penetration of the Internet is increasing. According to the Internet World Stats report published in December 2018, there were 4.208 billion Internet users in June 2018, with a penetration rate of 55.1%, compared to 3.27 billion in 2015 (all 45.0% penetration worldwide).
The market for e-pharmacy is largely determined by changing living standards, a growing youth and working-class population, and an increasing awareness of beauty and personal care products, leading to a growing need for personal care products. It will also lead to sales expansion in the electronic pharmacy mode. Authenticity and low price comparisons are attracting consumer attention in the direction of online pharmacy channels compared to other e-commerce websites.
Electronic pharmacies help people order products online, thus reducing cash transactions and promoting a cashless economy. The Government of India is looking to support digital payment systems by launching the ‘Digital India Initiative’ in 2015. With this ingenuity, we hope to provide Internet access and cellular coverage across India. This has allowed many people to get online access and the development of digital payment technology.
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Additionally, to encourage poor and illiterate people in rural areas to create digital payments, the Indian government introduced ‘Aadhaar Pay’ in March 2019. It protects financial transactions made in online mode. It is expected that rural people will be able to buy personal care products through online mode with one click. It is useful for people in rural areas who do not have shops nearby. Therefore, increasing government initiatives to support the cashless economy are expected to boost the growth of the market during the forecast period.
Globally, the e-pharmacy market was valued at USD 7.69 billion in 2018 and is expected to register a CAGR of 11.4% per revenue over the forecast period from 2019 to 2027.
In 2017, North America was reported to account for the major market share in the global e-pharmacy BPC market, adding 43.3% per revenue. Increasing consumer spending on personal and healthcare products is expected to boost the market growth of electronic pharmacies in the region. According to the US National Health Expenditure 2016 Highlights, US spending is $3.3 trillion, and her normal per capita spending in 2016 was $10,348. Healthcare rose from 17.7% in 2017 to 17.9% in 2016.
Moreover, Asia-Pacific is expected to witness the growth of a booming market during the forecast period. The growth in this region is due to the rising demand for personal care and beauty products and the development of the e-commerce industry in developing countries such as China and India. For example, according to a report on e-commerce published by IBEF (Indian Brand Equity Foundation), India’s e-commerce market is expected to reach US$38.5 billion to US$200 billion by the end of 2026. in 2017. In 2018, the Indian e-commerce market is projected to be USD 50 million, of which the baby, personal and beauty care segments report 8% per value.
companies serving a market of electronic pharmacy All over the world, many strategies are highlighted to increase market share. For example, in March 2018, India-based e-pharmacy company Medlife announced plans to partner with Aditya Birla Health Insurance (ABHIC). The partnership is expected to enable cashless delivery of medicines to ABHIC’s customers. This ensures ABHIC customers a paperless and cashless medicine delivery experience at home.
Major companies operating in the e-pharmacy BPC market include LLOYDS Pharmacy Limited, Pharmacy2u Ltd., Gordons Direct, Shop Apotheke, CVS Health, Walgreen Company, Familymeds, Inc., The Medicine Shoppe Pharmacy, Cardinal Health, and I have Rite. Aid Corporation Co., Ltd.
Companies in the e-pharmacy arena focus on customer convenience by offering services such as online video consultations with doctors, physicians, and beauty experts, as well as hatting services. For example, Medlife, which previously offered telephone consultations, decided to offer video doctor consultations following its acquisition of his EClinics24/7 in November 2018. It is a phone platform that connects users and doctors for video consultation, chat. , voice calls, e-mail and web consultations. Medlife’s app and website help patients navigate the facility.
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table of contents
Chapter 1 Industry Overview
1.1 Definitions
1.2 Assumptions
1.3 Research scope
1.4 Market Analysis by Region
1.5 Global E-Pharmacy Beauty and Personal Care (BPC) Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Impact on E-Pharmacy Beauty and Personal Care (BPC) Industry
Chapter 2 Global E-Pharmacy Beauty and Personal Care (BPC) Competition by Type, Application and Top Regions and Countries
2.1 Global E-Pharmacy Beauty and Personal Care (BPC) By Type (Volume and Value)
2.3 Global E-Pharmacy Beauty & Personal Care (BPC) by Regions (Volume and Value)
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional production market analysis
Chapter 4 Global E-Pharmacy Beauty and Personal Care (BPC) Sales, Consumption, Export and Import by Regions (2018-2023)
Chapter 5 North American E-Pharmacy Beauty & Personal Care (BPC) Market Analysis
Chapter 6 East Asia Electronic Pharmacy Beauty and Personal Care (BPC) Market Analysis
Chapter 7 Europe E-Pharmacy Beauty & Personal Care (BPC) Market Analysis
Chapter Eight South Asia E-Pharmacy Beauty and Personal Care (BPC) Market Analysis
Chapter 9 Southeast Asia Electronic Pharmacy Beauty and Personal Care (BPC) Market Analysis
Chapter 10 Middle East E-Pharmacy Beauty & Personal Care (BPC) Market Analysis
Chapter 11 Africa Electronic Pharmacy Beauty and Personal Care (BPC) Market Analysis
Chapter 12 Oceania E-Pharmacy Beauty & Personal Care (BPC) Market Analysis
Chapter 13 South America E-Pharmacy Beauty and Personal Care (BPC) Market Analysis
Chapter 14 Company Profile and Key Personnel of E-Pharmacy Beauty and Personal Care (BPC) Business
Chapter 15 Global E-Pharmacy Beauty & Personal Care (BPC) Market Forecast (2023-2030)
Chapter 16 Conclusion
research method
Continued….
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