Setting up a medical shop is no longer a sustainable business. Lockdowns and social distancing measures have reduced the number of orders for brick and mortar pharmacies. More customers are ordering branded drugs and other healthcare products from online platforms that function 24x7. Some of the famous e-pharmacy apps are Apollo Pharmacy, 1MG, MedPlusMart, Netmeds, PharmEasy, and Practo. Similar to that, entrepreneurs can kickstart on-demand pharmacy app development. They can approach a knowledgeable app development company for creating a customized Uber-like app for pharmacy delivery.
What are the various sources of revenue from an Uber-like app for pharmacy delivery?
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Owners of a Uber for pharmacy delivery app will earn a commission from medicine retailers for every sale. This ensures a consistent inflow of income especially when there is an increase in order value.
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Entrepreneurs pocket Gross Merchandise Value (GMV) depending on the total number of medicines sold to customers. There will be a huge rise in monthly and yearly GMV. This is because more patients are stocking up medicines due to the severe Covid-19 pandemic.
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Besides that, they get revenue based on the number of clicks and views for their healthcare advertisements. Owners of an Uber-like app for pharmacy delivery can accept credit and debit card payments from patients and impose a small transaction fee.
Wrapping Up
Importantly, the global e-pharmacy market will skyrocket to a value of $107.5 billion by 2026. Online pharmacies will grow at a high annual rate of 16.81% for the next 5 years.
Favourable factors like better Internet connectivity, an increase in the disposable income of the customers, and a rise in smartphone usage will benefit entrepreneurs. They will receive more orders and profits. Hence, grab the lucrative opportunity now by teaming up with an app development company for tailor-made on-demand pharmacy app development.
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