Get the Pulse of Mail Order Pharmacy Industry

Many mail-order pharmacies offer convenient customer service. Some even have 24-hour service. You can usually get a 90-day supply of medications through mail-order pharmacies, whereas a 30-day supply is typical for traditional pharmacies. Many mail-order pharmacies also have free delivery. These benefits make mail-order pharmacies an excellent choice for those who are on a limited budget. Many large retail drugstores offer mail order pharmacy services. Walgreens and Walmart are two of the biggest names in the industry, and some offer 90-day supplies of medication at a discounted price. The mail-order services provided by the large chains and some online pharmacies are verified by the Medicare Part D program.

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Growing number of internet users and expanding online services are increasing usage of e-prescription in hospitals. This is driving growth of the mail order pharmacy market. E-prescriptions can be created through remote consultation, which can be used to buy drugs from online platforms. Use of online pharmacy has helped in savings patients' time and improve the efficiency of healthcare providers. Increasing adoption of e-pharmacy among consumers due to its convenience is further projected to foster market growth. For instance, in November 2020, Amazon has entered into the healthcare sector with the launch of its own online pharmacy service in the US.

North America is expected to witness significant growth over the forecast period, due to growing trend of e-prescription which is boosting growth of mail order pharmacy. According to the ResearchGate GmbH, mail-order medications has become more prevalent among U.S. adults over the past two decades, with an increase from 13.5 million adults in 1996 to 25.9 million adults in 2018

Key Developments:

1. In January 2021, Mark Cuban Cost Plus Drug Company (MCCPDC) has launched its online pharmacy [www.costplusdrugs.com].The pharmacy's launch represents the first critical milestone in bringing affordable medications to millions

2. In November 2021, Flipkart Group has entered into the healthcare sector through the launch of Flipkart Health+. The group has signed definitive agreements to acquire a majority share in Sastasundar Marketplace Limited which owns and operates SastaSundar.com, an online pharmacy and digital healthcare platform, as it focuses on providing consumers access to affordable and convenient healthcare

3. In November 2020, Amazon has finally launched Amazon Pharmacy, its online and mobile prescription medication ordering and fulfillment service