5 Things in ePharmacy You Need to Know This Friday 10/12/21
Funding [🇰🇪]
Kenyan ePharmacy MyDawa has Just Received $1.2M for Fighting HIV and AIDS in Kenya!
The Bill and Melinda Gates Foundation has provided a $1.2M grant to MyDawa, a Kenyan ePharmacy, to increase access to PrEP (Pre-Exposure Prophylaxis) services and help the battle against HIV and AIDS in Kenya. MyDawa has been battling for better pharmaceytical services in Kenya. Additionally, it has teamed with AstraZeneca, a biopharmaceutical company, to enhance access to high-quality, inexpensive medical supplies, and with Airtel Kenya, a telecommunications services provider to allow Airtel users to browse its website and mobile app free of data costs.
Read More: Hapa Kenya
New Research [🇺🇸]
McKinsey & Company: Do US-based ePharmacies Have What It Takes to Shift Pharmacy in the Home?
During the pandemic, consumers’ desire for home delivery increased significantly in the market. Customers of the $460B retail pharmacy market are now looking for an omnichannel and convenient pharmacy experience, which also provides them with home delivery. A wide portion of people reported that they want to spend as little time as possible interacting with their pharmacy and virtual prescriptions, consultations, and payments seem to be the key to achieve that. Now is the time for ePharmacies to gain market shares against physical ones.
Read More: McKinsey & Company
eCommerce [🇪🇪]
How Big Will the ePharmacy Market Get in Estonia?
The number of orders from ePharmacies has surged significantly since the pandemic outburst. In Q3' 21, a total of 5 licensed Estonian ePharmacies accounted for 1.5% of total country pharmaceutical sales. Currently online customers are generally younger than those who visit traditional pharmacies. This is mainly happening because to acquire Rx meds, an online identification is needed. However older individuals are beginning to trust ePharmacies and use them for the acquirement of their medication compared to previous years.
Read More: News ERR
New Research [🇮🇹]
The Number of Italian ePharmacies Expands at a Rocket-Speed Rate in the First 9 Months of 2021
In the first nine months of this year, 261 ePharmacies were granted licenses to sell OTCs and non-prescription meds online. Additionally, 21.6% of online buyers purchased OTC meds from an ePharmacy. The Covid-19 accelerated this number as 16.3% of respondents placed their first online order in 2020. Another study estimated that a small pharmacy can get an average of 20 orders per day, resulting in a monthly turnover of €20,000, just three months after going online. Italian Pharmacists really need to exploit this increasing demand for ePharmacies and digitize their businesses.
Read More: Start-Up Italia [article in Italian]. Google Translation in English here.
Editor’s Choice 🌎
BOOM: Over 7.1B Visits Were Recorded in ePharmacies Across the Globe in the First 8 Months of 2021
According to a recent study by Convert Group, COVID-19 resulted in a 29% Y-o-Y increase in global ePharmacy visits during the first 8 months of the year. As the ePharmacy industry appears to be one of the fastest growing eCommerce segments in the planet, global eCommerce behemoths are vying for market dominance. North America experienced the most growth in those months, with +72% online visitors, followed by Southern Asia (+53%) and Northern Africa (+53%). In the coming years, how much do you expect the ePharmacy sector to expand?
Read More: ePharmacy Data
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry
below:
Digital Shelf Manager, GSK [🇹🇷]
More info: LinkedIn
eCommerce Trading Manager, McKesson UK [🇬🇧]
More info: LinkedIn
eCommerce Project Analyst, Johnson & Johnson [🇬🇧]
More info: LinkedIn
Product Owner, DocMorris [🇩🇪]
More info: LinkedIn
eCommerce Specialist, Perrigo [🇹🇷]
More info: LinkedIn
Quiz: Are you an ePharmacy Wizard?
Every week a new trivia question will be asked to you regarding general facts related to the Pharmaceutical sector!
Which US Vice-president dropped out of school and worked at a Pharmacy?
Harry S. Truman
Lyndon B. Johnson
Hubert Humprey
George H. W. Bush
Scroll down to the end of this email to reveal the answer.
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🕵️ Send a confidential scoop to ePharmacy News: news@epharmacynews.com
The answer to this week’s quiz is: Hubert Huprey. Humphrey dropped out of school to help his father run his Pharmacy before getting his position as a vice-president. He went on to get his pharmacist license and worked for his father at the business for 4 years, filling prescriptions.