E-Commerce is experiencing enormous growth in all sectors.
E-commerce simply means the buying and selling of products and services through an electronic medium, majorly internet.
Modern consumers prefer to buy products and services from the comfort of their home with a click.
Being one of the biggest emerging sectors in today's economic system, players in the health care industry are not far behind in this race.
There are various sub divisions in the healthcare industry including patient care, health and wellness products and services with professionals working towards the varied needs of individuals.
Cosmeceuticals is another growing market within the healthcare industry and it includes cosmetic products that have medical benefits and contain biologically active ingredients.
With rising demand for quality beauty products, India will play a major role in determining the market share of the cosmeceutical sector in the coming years.
'Researches have determined in India, the per-person expenditure on health is anticipated to grow at an average annual growth rate of 9.
5% from 2012-2017 and cosmeceutical sector will share a considerable percentage of this growth.
E-commerce health stores have the below advantages when compared to physical stores: • Accessible anytime, anywhere • It takes only a couple of minutes to place an order • They do not charge you for the space occupied/staff employed or other expenses that a physical store might incur • Products/services are offered at a much cheaper rate • Amazing reach to customers living in any corner of the world • Supplies niche products with ease • Option to compare several brands • Customer reviews in websites give a clear idea of the product/service • Ease of buying intimate products • Most e-retail stores offer free shipping and hence you can expect your order delivered at your door step safely and easily It is an exciting time for both the sellers and the consumers in the healthcare e-commerce sector.
With a positive growth trend projected in the forthcoming years and a lot of new players making their position, the competition is only going to get intense.
This will certainly improve the standards of healthcare products and services and will benefit the customer in the end.
With the opening up of markets and customers being more aware and conscious, more and more start-ups will be able to reach out to them and hence will slowly dissolve the concept called monopolization.
There is no doubt that the future belongs to the tech savvy.
It is very important to keep a close watch on the latest developments in technology.
As companies grow, it becomes even more important to keep learning and be updated with the new system.
E-commerce simply means the buying and selling of products and services through an electronic medium, majorly internet.
Modern consumers prefer to buy products and services from the comfort of their home with a click.
Being one of the biggest emerging sectors in today's economic system, players in the health care industry are not far behind in this race.
There are various sub divisions in the healthcare industry including patient care, health and wellness products and services with professionals working towards the varied needs of individuals.
Cosmeceuticals is another growing market within the healthcare industry and it includes cosmetic products that have medical benefits and contain biologically active ingredients.
With rising demand for quality beauty products, India will play a major role in determining the market share of the cosmeceutical sector in the coming years.
'Researches have determined in India, the per-person expenditure on health is anticipated to grow at an average annual growth rate of 9.
5% from 2012-2017 and cosmeceutical sector will share a considerable percentage of this growth.
E-commerce health stores have the below advantages when compared to physical stores: • Accessible anytime, anywhere • It takes only a couple of minutes to place an order • They do not charge you for the space occupied/staff employed or other expenses that a physical store might incur • Products/services are offered at a much cheaper rate • Amazing reach to customers living in any corner of the world • Supplies niche products with ease • Option to compare several brands • Customer reviews in websites give a clear idea of the product/service • Ease of buying intimate products • Most e-retail stores offer free shipping and hence you can expect your order delivered at your door step safely and easily It is an exciting time for both the sellers and the consumers in the healthcare e-commerce sector.
With a positive growth trend projected in the forthcoming years and a lot of new players making their position, the competition is only going to get intense.
This will certainly improve the standards of healthcare products and services and will benefit the customer in the end.
With the opening up of markets and customers being more aware and conscious, more and more start-ups will be able to reach out to them and hence will slowly dissolve the concept called monopolization.
There is no doubt that the future belongs to the tech savvy.
It is very important to keep a close watch on the latest developments in technology.
As companies grow, it becomes even more important to keep learning and be updated with the new system.
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