The global online pharmacy market is estimated to record a substantial CAGR of 16.8% during the forecast period (2020-2026). The importance of pharmaceutical care is growing with the increase in the need and demand for self-medication. Self-care is gradually enhancing due to an increase in health awareness in the population in both developed as well as developing countries. This increase in self-care is due to factors such as a change in lifestyle, improvement in socioeconomic factors, health sector reforms, among others, which enhances the demand for online pharmacies, mainly OTC medicines.
Additionally, the per capita income is increasing in developed and developing, which allows online pharmacies to invest in both these countries. In most developed and developing countries, the expenditure on healthcare is increasing due to the increased allotment of a high proportion of capital for healthcare in the national financial budget. The actual factors contributing to this are chronic diseases, the aging population, growing technical possibilities, and public expectations.
OMR Global Recently Published Report on: https://www.omrglobal.com/industry-reports/online-pharmacy-market
Global Online Pharmacy Market Report Segment
By Medicine Type
- OTC Medicines
- Prescription Medicines
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