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56 UK OnlinePharmacies in 2008/9 ( Statista ). 375 and counting…UK OnlinePharmacies (DSP’s) in 2022 ( Statista ). 34.7million views of our Google Adverts for pharmacies since 2021. People generally wouldn’t consider the pharmacy their first port of call for healthcare.
billion in 2020 (Packaged Facts) Pet medication sales have grown at a healthy CAGR of 9% since 2017 (Packaged Facts) Veterinary practices are unique in that they can sell medications directly to their clients, which provides an important revenue stream for the business. Bn in 2020 to over US$ 2.7
The threat of illegal onlinepharmacies. Many countries have introduced serialisation legislation which requires product identifiers to be affixed to each package to provide traceability throughout the distribution supply chain. This technology can also play an important role in supporting virtual clinical trials.
But today, every 2nd person we speak to at Pharmacy Mentor is an IP. You can find IP’s in community pharmacies, hospitals, GP surgeries, and deeply integrated within the NHS framework. You’ll have seen a growing number of onlinepharmacies out there, selling POMs for a variety of conditions. Far from it.
2 The global counterfeit pharmaceuticals trade is estimated to be worth billions annually, 3 bolstered significantly by the increased illicit onlinepharmacies that emerged during the COVID-19 pandemic. The US Food and Drug Administration (FDA) further estimates that 97 percent of onlinepharmacies are operating illegally.
Ever since Christina Farr of CNBC broke the news of Amazon expressing an interest of getting into the Billion Dollar Pharmacy market, I have been having multiple conversations with many people inside and outside of pharmacy on how this will change "everything." It's what makes a large scale mail-order pharmacy operation possible.
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