#e-pharmacies

The healthcare industry in Singapore is rapidly evolving, and licensed e-pharmacies are at the forefront of this transformation. By leveraging digital technology, these online platforms are reshaping how patients access and manage their health needs. In this blog post, we’ll explore the future of healthcare and how licensed e-pharmacies are playing a crucial role in this evolution.

1. Integration of Advanced Technology

The future of healthcare is heavily influenced by technological advancements, and licensed e-pharmacies are embracing this trend. These platforms utilize cutting-edge technology to enhance the patient experience, from user-friendly websites and mobile apps to secure online payment systems. Licensed e-pharmacies in Singapore are incorporating advanced features like AI-powered chatbots for customer support and personalized medication recommendations, making healthcare more accessible and efficient.

2. Expansion of Telehealth Services

Telehealth is becoming an integral part of modern healthcare, and licensed e-pharmacies are expanding their services to include telemedicine. This allows patients to consult with healthcare professionals remotely, receive prescriptions, and access medical advice without needing to visit a physical clinic. By integrating telehealth services, licensed e-pharmacies in Singapore offer a comprehensive solution for managing health needs in a convenient and accessible manner.

3. Enhanced Personalization and Patient Care

Personalized healthcare is a growing trend, and licensed e-pharmacies are leveraging data to provide tailored services. By analyzing patient data and preferences, these platforms can offer customized medication management plans, targeted health recommendations, and personalized customer support. This focus on personalization enhances patient care and improves overall health outcomes. Licensed e-pharmacies in Singapore are at the forefront of this trend, providing tailored solutions to meet individual health needs.

4. Emphasis on Medication Adherence

Medication adherence is crucial for effective treatment, and licensed e-pharmacies are implementing features to support this. Automatic refills, medication reminders, and adherence tracking tools are becoming standard offerings. By helping patients stay on track with their medications, licensed e-pharmacies in Singapore contribute to better health management and reduced risk of medication-related issues.

5. Expansion of Health Product Offerings

The range of products available through licensed e-pharmacies is expanding beyond traditional medications. These platforms are increasingly offering health supplements, wellness products, and medical equipment. This broad product selection supports comprehensive health management and provides patients with a one-stop solution for all their health needs. Licensed e-pharmacies in Singapore are enhancing their product offerings to meet the diverse needs of their customers.

6. Commitment to Regulatory Compliance

Regulatory compliance is essential for maintaining trust and ensuring the safety of health products. Licensed e-pharmacies in Singapore are committed to adhering to strict regulations set by the Health Sciences Authority (HSA). This commitment ensures that all medications and health products meet high standards of quality and safety. By prioritizing regulatory compliance, licensed e-pharmacies in Singapore maintain the integrity of their services and protect patient health.

7. Focus on Sustainability

Sustainability is becoming an important consideration in healthcare, and licensed e-pharmacies are adopting environmentally friendly practices. This includes reducing packaging waste, promoting eco-friendly products, and implementing sustainable business practices. By focusing on sustainability, licensed e-pharmacies in Singapore contribute to a greener and more responsible healthcare industry.

Conclusion

In recent years, the pharmaceutical industry has witnessed a revolutionary transformation with the emergence of E-pharmacies, also known as online pharmacies. This disruptive innovation has reshaped the way we access and procure medicines, raising questions about its benefits, drawbacks, and the future it holds for the pharmaceutical sector.What is E-Pharmacy?E-Pharmacy refers to the online…

E-pharmacies, medtech to help cut health expenses – Times of India

Vaccines, medicines and diagnostics — all key ammunition to fight the raging pandemic — will be in the spotlight in 2022. Additionally, acceleration in digital transformation, healthcare innovation, telemedicine and a focus on preventive care will also be core themes. The pace of this change will accelerate through 2022 as e-pharmacies, telemedicine, video consult, wearables and virtual care…

A new market study, “ Global E-Pharmacies Market  - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 - 2025 ” has been featured on WiseGuyReports.

Global e-pharmacies market is expected to grow at a CAGR of XX% to reach a market value of USD XXX million by 2026.

E-Pharmacies are internet based vendor, delivers medicines and medical products at your doorsteps. In most of the cases, the prescriptions can be communicated through an electronic medium to get the medicines dispensed, which helped in the transformation of the conventional drug dispensing or retail pharmacy management. The goal of e-pharmacy other than improving patient care and safety is to reduce racial and ethnic disparities. The advantages provided by e-pharmacies compared with retail stores include convenience, cost-effective, accessibility and generic medicines.

Market Drivers:

Benefits provided by e-pharmacies such as availability of medicines at affordable prices, access to information on the prescribed data, shift towards self-diagnosing from the direct doctor-patient relations and increase in digital health is driving the e-pharmacies market, and is also expected to remain high over the forecast period. Huge discounts from e-commerce companies have lured consumers to shop more than required. E-pharmacies can save as much as 95% on medication compared with local pharmacies.

 Market restraints:

Increase in the number of illegal online pharmacies is hindering the global e-pharmacies market. According to Alliance For Safe Online Research in 2018 claims that each month 600 new illegal pharmacies are launched globally and does not follow government regulations.

Market Segmentation

By product type

he global e-pharmacies market is segmented on drug type includes over the counter and prescription. Prescription drugs dominate the global e-pharmacies market due to its increase in chronic disease prevalence , extensive usage and increase in geriatric population and it is expected to remain high during the forecast period.

Also read : https://www.medgadget.com/2020/08/e-pharmacies-2020-effect-of-covid-19-market-analysis-company-profiles-and-industrial-overview-research-report-forecasting-to-2026.html

According to the study conducted by Consumer Online Foundation And The Bureau Of Research On Industry And Economic Fundamentals in July 2016 found that in India 2/3rd of consumers prefer to order medicines online and the majority of the age group that orders online are between 55-74 years. The majority of consumers quoted that low prices and discounts and savings on purchases would be the biggest advantage. Competitive Landscape Merger and acquisitions between major e-commerce sites and e-pharmacies to enhance their service are driving the global E-pharmacy market. In September 2018, NetMeds acquired telemedicine portal JustDoc in a cash-and-stock deal and received $35 million on Series C funding from Daun penh’s investment holding, Singapore. In July 2018, Amazon acquired Pillpack online pharmacy for less than $1 billion. In November 2018, Medlife acquired health tech startup Eclinic 24/7 for e-pharma expansion. In September 2017, 1mg technologies pvt.ltd acquired Varanasi based healthcare startup dawailelo.com. In December 2016, 1mg technologies Pvt. Ltd has acquired Mumbai based MediAngels to enter into specialty doctor consultations, corporate health services, and insurance partnerships. In July 2016, Walgreens invested $416 million in Chinese pharmacy chain Sinopharm Gouda. Target Audience • Raw Material Suppliers/ Buyers • Product Suppliers/ Buyers • Industry Investors/Investment Bankers • Education & Research Institutes • Research Professionals • Emerging Companies • Manufacturer

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While e-pharmacies have become popular in cities as they offer doorstep delivery and discounts, in the absence of regulations, the model has attracted controversy. One such charge against e-pharmacies is that sale of medicines online is unregulated and hence unsafe. E-pharmacies deny the charges and say the central government will now have an oversight over the companies as registration is mandatory.

On December 20, the Delhi HC extended a ban on the sale of medicines by e-pharmacies till January 8 next year. A Division Bench of the Madras HC on the same day overturned a single-judge Bench order that had banned the online sale of drugs and cosmetics.

Govt comes out with draft rules for e-pharmacies to regulate online sale of medicines

The Union Health Ministry has released the draft rules on sale of drugs by e-pharmacies with an aim to regulate online sale of medicines across the country. It aims at providing patients accessibility to genuine drugs from authentic online portals.

The draft rules on “sale of drugs by e-pharmacy” states that no person will distribute or sell, stock, exhibit or offer for sale of drugs through…