The Asia-Pacific online pharmacy market is estimated to witness a strong CAGR of 18.5% during the forecast period (2020-2026). Asia-Pacific is emerging to be one of the largest markets for online pharmacy. Asia-Pacific is gradually becoming the worst-hit COVID-19 region, across the globe. Individuals are naturally inclined towards online sales channels for pharmacies, owing to the lockdown impositions in most of the countries in the region. Additionally, the region has witnessed exceptional growth in internet penetration in recent years, which has hugely benefited the online pharmacy industry in the region.
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Further, at present, about 28% of the population is over 65 years of age in Asia-Pacific. In 2040, it is expected to hit 35%. Besides, the labor shortage is another major concern in the region, particularly in the healthcare sector, which depicts that there will be less staff/labor population to take care of the elderly population. Therefore, owing to the shortage in the labor population, senior citizens want to stay more independent and tech-savvy by using apps, the internet, and mobile devices, which is anticipated to boost the demand for medicines through online platforms.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Asia-Pacific Online Pharmacy Market Report Segment
By Medicine Type
Asia-Pacific Online Pharmacy Market Report Segment
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