EMedStore Global Pharma IT Company
The online pharmacy industry in the gulf is
still in the early development stages compared to international standards.
Regardless of that, it is changing through change and simplifying government
regulations, expanding its effectiveness and improving health care. Based on that,
the online pharma industry in the middle east will face many changes in the
following couple of years, which will provide significant investment
opportunities. Online pharmacy websites are expected to increase. Thanks to the increase in
foreign investment in this industry.
Population
growth in the middle east will be a key growth driver for the online pharmacy sector. The population
is foreseen to grow from 37.5 million in 2018 to almost 50 million in 2022.
High levels of urbanization and a strong expatriate presence likewise support
pharmaceutical sales growth in the region. Population aged 60 years or more is
projected to increase from 1.9 million in 2017 to 17.8 million in 2050. The
elderly population forms a major slice of the general epharmacy spending in the middle east and will likewise drive
growth.
Vision 2030
that was recently launched in Saudi Arabia is an incredible motive to advance
online pharmacy as it will authorize health insurance, privatize/corporatize
the healthcare in Saudi Arabia and welcomes foreign investors in all parts of
the industry including pharma. This accompanied incredible governmental support
for foreign investors.
The great
concern is that most the pharmacy store in the middle east countries are
producing generics, yet the market is open for international global investors.
This will definitely create a huge demand for online pharmacy store.
The demand
for epharmacy is as of now witnessing robust growth in Saudi Arabia,
essentially due to the increasingly advanced and improved healthcare industry.
The epharmacy market in Saudi Arabia is essentially dominated by worldwide
companies, which represent the largest share in the market. Rising health
awareness and expanded healthcare services are factors expected to drive market
growth in the near future.
Saudi Arabia,
being the largest market in the middle east region, presents better investment
opportunities for entrepreneurs, and this is additionally augmented with
mandatory licenses and corporatization /privatization of the healthcare sector
in the country. However, the absence of indigenous research capabilities, lack
of trained Saudi workers, and delays in patent registration are major factors
expected to change in the growth of the Saudi Arabia epharmacy market over the
forecast period.
EMedStore is an International award winning Pharma application development company providing hands-on solutions in
pharma industry which can help clients to grow their online pharmacy business
with 30% more.
·
We
are a pioneer and market leader worldwide for developing online pharmacy
website and medicine delivery applications.
Check
Our Demo Link:- https://play.google.com/store/apps/details?id=com.emedstore_medical
Thanks:-
Contact
Us: +91 97377 12429 / +91 72020 97862 (whatsapp/Viber)
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Our Webisite:- WWW.EMedStore.in
Mail
us on:- info@emedstore.in
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