Impact Of COVID-19 On E-Pharmacy Business
and the Rise of Medicine Delivery App
Coronavirus has brought a dynamic change in the consumers purchasing habits. With E-pharmacy companies rendering a great user experience by offering convenient doorstep medicines and healthcare product deliveries, consumers are now shifting towards purchasing medicines using online means. Self-isolation measures have also triggered consumers to adopt eCommerce to get quick delivery of medicines. This dependency of consumers on online medicine delivery marketplaces has projected growth in the sector.
Rapid technological advancement has enabled people to order medicines using mobile apps. The medicine delivery app caters to the needs of a wider customer base. The app enables the elderly population to reduce dependency and order medicines themselves. With this facility, the patients can receive their orders at their doorsteps and make payments conveniently using e-payment methods.
Business Models Of Online Medicine Delivery
Entrepreneurs can launch an online medicine delivery platform using any of the following types of business models.
Single-Vendor Pharmacy Marketplace
Under the single-vendor pharmacy store, the admin manages both inventory and delivery. Administrative as well as other supplementary costs are less in this type of business model.
Understanding the framework of the single-vendor pharmacy marketplace
- Consumers have to first register on the platform by entering valid credentials.
- After completing the registration process, the consumer has to upload the prescription
- The prescription will be verified after which the user can select the desired medicines and add them to the shopping cart
- The user pays for the order and enters delivery address.
- The pharmacy store owner will receive the order, prepare it, and dispatch it for delivery.
Multi-Vendor Pharmacy Marketplace
The owner of the online pharmacy business collaborates with pharmacy stores & forms partnerships in this model. On partnering, the brick & mortar stores get listed on the website.
Understanding the framework of the multi-vendor pharmacy marketplace
- To get services, the users have to register on the platform
- The consumers can search for the required medicines by uploading prescriptions
- The website will enlist pharmacies that have the prescribed medicines in stock The consumers will place the orders and make payment
- The admin will confirm the order and assign the delivery partner to procure the medicines from the pharmacy and make delivery. In this business model, the delivery can also be managed by admin.
Launch a Medicine Delivery Business with Growcer
Book a Personalized DemoFeatures of Online Medicine Delivery Business
Dashboard
The admin can view order requests, monitor orders, and other ongoing activities directly from the dashboard.
Advanced Analytics
View orders received, orders cancelled, and delivery status with advanced analytics.
Real-Time Tracking
The admin can track the location of the delivery agent in real-time with this advanced feature.
Create Deals & Offers
Attract more customers by creating exciting offers, promo codes,and discounts.
Order Notifications
The delivery partners can receive instant notifications and perform deliveries.
Driver Availability
This feature enables the delivery staff to share their availability as online or offline with the app.
Route Optimization
With integrated Google Maps functionality, the delivery partner can track the shortest route for quick deliveries.
Hassle Free Payments
Multiple payment options like wallets, plastic money, and other e-payment methods make it easy to receive payments.
Registration
To render pharmacy services, the vendors have to register themselves.
Verifying Prescriptions
The pharmacists can easily verify and review prescriptions uploaded by patients.
Analytics
This feature allows online pharmacy businesses to keep a track of every activity taking place on the website and monitor overall performance.
Store Management
Using the vendor dashboard, the pharmacists can conveniently update information by adding, deleting, and modifying data.
Login And Registration
The customers have to first register on the app using valid credentials(email and password) and then login to use the services. The customers can also login using their social media credentials.
Upload Prescriptions
The customers can upload prescriptions on the delivery app and search for medicines.
Payments
By using the integrated e-payment methods, the customers can make in-app payments after placing orders.
Offers And Discounts
The customers can stay updated about the latest offers and discount schemes with this feature.
How To Start An Online Medicine Delivery Business?
Apart from choosing the right eCommerce medicine delivery platform, there are many regulations and laws that have to be considered before starting an online medicine delivery business. In the initial phase, the process can be complex as many countries have already penned guidelines to regulate the commercial supply of pharmaceuticals.
To avoid any malpractices, the online medicine delivery startup must focus on
being compliant with national drug laws.
Let's take a look at the steps to be followed when
starting an e-pharmacy.
Major Players In The Online Medicine Delivery Business
