What is the future of e-pharmacy in India?

The market is expected to grow at a compounded rate of 44 per cent to reach $ 4.5B by 2025. Along with increasing customer adoption, there has been a secular rise in investor interest in e-Pharmacies, with the sector garnering $ 700M in investments in 2020 alone.

Can E-pharmacy be the next success in India?

In May 2019, a leading consulting firm predicted the Indian e-pharma market to grow >7 times between 2019 and 2023—expected to reach US$ 2.7 billion (Rs. Despite surge during the pandemic, the domestic e-pharmacy market is still in its infancy and offers significant growth potential.

What are the challenges of online pharmacy?

Challenges. Online pharmacies themselves are facing many challenges such as difficulty in verifying the authenticity of prescriptions, regulatory issues, supplying medicines that require appropriate storage (temperature) for retaining potency.

Can a doctor own a pharmacy in India?

6.3 Running an open shop (Dispensing of Drugs and Appliances by Physicians): – A physician should not run an open shop for sale of medicine for dispensing prescriptions prescribed by doctors other than himself or for sale of medical or surgical appliances.

What are the challenges for e pharmacies in India?

E-pharmacy carries with it certain disadvantages such as failure to maintain thequality of medicines, storage facility of drugs, self-medication, re-ordering of drugs in the same prescription, confusing the name of the drug with that of the drug manufacturer company.

Can I open medical store after M pharmacy?

Ans- Anyone who has a Pharmacy Licence is eligible to open a medical store. For becoming a qualified pharmacist you need to acquire a degree of B. Pharm or M. Pharm.

Are there any regulations governing e-pharmacies in India?

Currently, there are no specific regulations governing e-pharmacies in India and this is a major growth inhibitor for the online pharmacy market in India.

What is the scope of Pharmacy?

Scope of Pharmacy – Let’s have a look today at career options in the Pharmaceutical Sciences. The course basically aims at dealing with teaching its students how to dispense and prepare medicines. Also the course makes the student aware of the drug related information to the public.

What is the procedure to become a registered pharmacist in India?

Only a student released from PCI approved college is eligible to get register in respective State Pharmacy Council, SPC to be called as registered pharmacist. As per the recent directions of Pharmacy Council of India, prior approval from PCI is compulsory to run D.Pharmacy course in a college.

Is it profitable to start an online pharmacy store in India?

And online pharmacies in India have significantly increased due to growing E-commerce in India. Moreover, the numbers of private hospitals are rising all over the country. There is a growth in healthcare and pharmacy industry in the country. So it could be very profitable to start an online pharmacy store now.