About Prescription Delivery Services
Obtaining a prescription from a doctor or other health care provider and then transporting it to a pharmacy can be cumbersome and time-consuming. Many people take their prescribed medications on a regular basis. Prescription delivery is a program that allows people to get their medications shipped to their homes. Many companies have created applications for the same reason, allowing you to share your prescription and have your medications delivered to your door. Prescription delivery services can request your prescription, surgery type, and other patient information in critical disease situations. Prescription delivery systems are the most convenient choice for obtaining drugs for repeat prescriptions. The dispensing of medications is done with extreme caution. Prescription distribution systems take care of such as secure prescription handling. If the medications need to be kept cold or refrigerated, the distribution should take place at the proper temperature when in transit. Prescription distribution systems ensure that the pharmacy is in charge of the protection of the medications and patient information before the customer receives it. The deliveries should be made straight from the pharmacy to the customer, with no delays or obstacles in the way.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Market is highly competitive with several global and local players present in the market. The major players are trying various marketing strategies like mergers & acquisitions, expansions, investments, new service launches and collaborations and trying to Increase their product diversification to gain a competitive advantage in the Market Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Prescription Delivery Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CVS Health Corporation (United States), Netmeds (India), Walgreen Co (United States), Amazon (United States), PillPack (United States), Apollo Pharmacy (India), LLOYDS Pharmacy Limited (United Kingdom), Optum Rx Inc. (United States), NowRx, Inc. (United States) and DocMorris (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ZipDrug (United States), Newpharma (Belgium), Familymeds (United States) and Rowlands pharmacy (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Prescription Delivery Services market by Type (Therapeutic Drugs, Diabetes Drugs, Cholesterol Disorders Drugs, Wellness Supplements, OTC Drugs, Diagnostic Kits and Others) and Region.
On the basis of geography, the market of Prescription Delivery Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Delivery Type, the sub-segment i.e. Paid Delivery will boost the Prescription Delivery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform Type, the sub-segment i.e. App-Based will boost the Prescription Delivery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rise in the Internet Penetration and Increase in the Usage of Smartphones and Tie-ups and Partnerships of Drug Companies with E-Commerce Pharmacies
Market Growth Drivers:
Increased Access to Web-based and Online Services and Rising Implementation of E-prescriptions in Hospitals and Other Healthcare Services
Challenges:
Market limited to Urban Areas
Restraints:
Increasing Number of Illegal Online Pharmacies
Opportunities:
Growing E-Commerce Industry, Celebrity Endorsements and Social Media Marketing and Fast Delivery Options and Customised options
Market Leaders and their expansionary development strategies
In November 2022, NowRx, a tech-powered pharmacy that provides same-day prescription delivery and telehealth services, Alto Pharmacy has acquired NowRx’s patient files in California. Terms of the transaction were not disclosed. Alto Pharmacy will provide all prescription delivery and services to NowRx patients in California, ensuring continuity of the high quality service that NowRx customers have come to expect.
August 2020 – Amazon launched its online pharmacy service, named "Amazon Pharmacy" for both over-the-counter and prescription-based medicines in Bangalore, India. and June 2020- Walgreen Co. partnered with Adobe and Microsoft to personalize the shopping and healthcare experience of the customers.
Key Target Audience
Manufacturers of Drug companies, Suppliers of Companies, Wholesalers, Distributors and Retailers of Companies, E-Commerce Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.