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Online Medicine Delivery App Development Market Stats

Date: May 31, 2021
Time: 11:07 AM
Posted by: Theninehertz
Category: No Category
If you like numbers, here are some stats regarding online medicine delivery app that should attract your attention:

The global e-pharmacy app market is expected to generate USD 107.53 billion by 2025 (CAGR-14.26%)
1mg’s Revenue Surged By 158% In FY20
Apps like 1mg have attracted funds worth $462 Mn between 2014-19 (the most among all categories of healthcare app solutions)

Top Online Medicine Delivery Apps Like 1MG in India

As already mentioned, the online medicine delivery app marketplace is still in its early stage. A good reason for this is the higher number of compliances and regulations in the industry. This being said, it has not prevented the e-pharmacy sector from witnessing excellent growth and investment.

The participants in the e-pharmacy app segment have registered double-digit growth over the past years and some have even attracted huge investments in the process.

Other apps like the 1MG app that operates in this fast-growing online segment include:

Medlife: Delivering medicines to 22,000+ pin codes across India
Netmeds: Delivering medicines to 19,000+ pin codes across India
Myra: Delivering medicines in Bengaluru & Mumbai
CareOnGo: Delivering medicines in NCR, Bengaluru, Hyderabad, and Kolkata.
Pharmeasy: Delivering medicines to 22,000+ pin codes across India

Read more here: Online medicine delivery app development cost


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