However, the sector is facing several challenges due to low industry margins, rising price pressure, poor documentation and tracking, non-compliance with laws (selling medicine without prescriptions), poor inventory management and a limited ability to stock all available stock-keeping units (SKUs). ![]() The retail pharmaceutical market in India was worth around USD24 billion in 2018 and is growing rapidly. India’s pharmaceutical sector is the third-largest in terms of volume in the world and the thirteenth-largest in terms of value. Online pharmacies can address the gaps left by the traditional pharmacies in India This article assesses the state of the e-pharmacy industry in India, the drivers of its growth and its future prospects. The Government of India is due to implement a new regulatory framework and guidelines relating to online pharmacies that should help to further stimulate this sector. ![]() The ripples were felt in India as well, resulting in a series of big-ticket investments in the year following the acquisition. ![]() Amazon acquired US-based e-pharmacy company PillPack for USD753 million in 2018, in a move that sent shockwaves through the pharmaceutical industry around the world.
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