San Francisco, California, May, 09, 2017: The demand in the global mail service pharmacy market is gaining traction from late but apparent penetration of ecommerce in emerging economies, according to a report by TMR Research, and estimates it to expand at a healthy CAGR during the forecast period of 2017 to 2025. The report, titled “Mail Service Pharmacy Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” has been prepared to act as a reliable business document for the stakeholders of the market. The report also profiles a number of leading vendors of the mail service pharmacy market to understand the competitive landscape.
As per the findings of the TMR Research report, vast population base in emerging economies such as India and China have realized the benefits offered by mail service pharmacy such as saving time, providing the medicines in comfort of home, and reduced pricing for regular customers. Since mail service pharmacy deals with those often suffering from some medical condition, visiting a pharmacy to buy medicines is not always feasible and hence the growing availability of this facility is escalating the demand. Hospital outlets can also benefit from mail service pharmacy as they deal with large quantity of medicines and new requirements can be swiftly sent electronically to the providers, and essential medicines can be preserved from going out-of-stock. In addition to that, prescriptions can be directly sent to mail service providers who in turn can provide the medicines directly to the preferred location of the patient.
It has also been detected that mail service pharmacies can ensure patients from missing dosages via reminders, providing round-the-clock service, and help in understanding the consumer preference via feedback and online surveys. The presence of several multinational mail service pharmacies across various regions of the world is another factors augmenting the demand in the global mail service pharmacy market. On the other hand, lack of awareness pertaining to the availability of mail service pharmacy is hindering the growth rate of the market.
Geographically, North America currently serves the maximum demand in the global mail service pharmacy market, followed by Europe, which is a reflection of robust healthcare infrastructure and adoptability of new technology. However, with emergence of ecommerce in vastly populated Asia Pacific, the demand from this region is expected to escalate at a rapid rate during the forecast period.
Walgreen Co., Walgreen Co., Justia, OptumRx, Inc., PBM Plus, Inc., Blue Shield of California, Fairview Health Services, WellCare, Inc., United HealthCare Services, Inc., Blue Cross and Blue Shield of Massachusetts, Inc., Blue Cross And Blue Shield Association, Wal-Mart Stores, Inc., and Caremark, L.L.C., are some of the leading companies currently functional in the global mail service pharmacy market.