Do you want to start a online Pharmacy Marketplace so that multiple pharmacists can sell their product under one roof. Everyone is aware about the power of E-commerce websites & mobile app. The Market for E-commerce solutions is growing rapidly. And if talk about E- Pharmacy Marketplace development, it is one of the fastest growing sector in the E-commerce Industry.
You must have many questions regarding E-commerce, online pharmacy app development, its features and its requirements etc. We will describe every section which will help you to get a clear idea regarding this field.
What is online Pharmacy and E-Pharmacy marketplace?
If you want start a pharmacy marketplace, the first question that comes in mind is “what is online pharmacy?” and “how to start it?”.
Online pharmacy is operated through online websites and mobile apps. Customers can easily order their medicine by uploading a prescription.
Orders are passed to the sellers according to the delivery model. Sellers accept the orders and ships to the customers through shipping companies.
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Why choose E-pharmacy Marketplace?
As more and more people are moving towards digitization, more people are exploring online platform for ordering stuffs. It saves a lot of time, money and is convenient for them.
According to a report, the number of online shoppers will grow to 2.14 billion by 2021.
As you can see, the growth of E-commerce platform is un stoppable and if we talk about E-pharmacy marketplace then it is the right time to invest and convert your physical store to online platform.
As more and more people engage into digital platform, many vendors will have option to list and sell their products online.
Let’s know about some of the big companies in the E-pharmacy Marketplace which have changed the mind of investors with their success.
This is how E-Pharmacy Marketplace of Walgreen looks like:
Great benefits of E-Pharmacy Marketplace
- Customers can order medicine through online platform according to their convenience.
- Customers can use Mobile application or laptops for searching and ordering medicines.
- It is difficult to find every medicine at a single store, but through E-pharmacy they can find everything under one roof which saves them their valuable time.
- They can also get discounts through online channel by applying coupons which will save them a lot of money
- Customers can see the history of their purchase and even repeat the order when needed.
- A record for transaction is also maintained.
- Medicines will only be available through valid prescription as per stated by the doctor.
- No extra charges for infrastructure.
- Hassle free ordering.
Deciding a right E-pharmacy Platform
You must have got an overview about online pharmacy and now eagerly waiting to know about “how to start E-pharmacy Marketplace”.
To start a E-pharmacy Marketplace you require a good e-commerce platform. It depends on your budget and your requirements. There are many e-commerce platforms which can convert your app idea into a marketplace website, portal with mobile app solutions.
Here is the list of the ecommerce market giants & Best ecommerce Platforms for 2021
As you have decided to set your E-pharmacy Marketplace, you would require a Web host for it!
A Web Hosting Service marks your presence via the world wide web all over the world.
In the case of a marketplace website, you must choose the dedicated web hosting because marketplace ecommerce needs a large amount of disk space and bandwidth to run a website properly.
Shared Hosting is suitable for newly set-up websites which are placed or stored on the servers along with other websites.
This also means that all the websites present on the server will share similar resources such as Memory or CPU.
Set-up a Multi-vender pharmacy marketplace
It is very important to set up a multi-vender market place so that all the different pharmacists can register themselves at your marketplace and sell their medicines.
Features of E-Pharmacy Marketplace
You can set up a Hyperlocal Marketplace system to provide an effective e-commerce platform to your customers and as well as to the vendors on your website.
So, using hyperlocal businesses, you can build a local eco-logistics system that enables the customers to buy anything from their nearest register store on your pharmacy marketplace website.
The search feature enables the customers to find out the right medicine and products for them. You can make the search result more scalable using the elastic search. Elasticsearch is a highly scalable open-source full-text search and analytics engine. It allows you to store, search, and analyse big volumes of data quickly and in near real-time.
Seller badge profile
Getting authentic medicine from a verified seller makes the customer satisfied and helps to gain the customers trust in the marketplace. One can divide the seller according to the seller badge which makes the procedure systematic
Providing medicine to customers with only valid prescription is a right practice. Customers can easily upload the prescription and the seller can provide the medicines with the quantity described in the prescription.
- Prescription upload allows the customers to upload the prescription for their orders.
- The customer can upload the prescription while placing the order or after placing the order.
- The admin can approve or disapprove the uploaded prescription by the customer.
With the increase in digitisation, mobile users are also rising day by day, hence it is wise to provide mobile app for users so they can order medicine from their home. Mobile app is a must for pharmacy marketplace.
Well, if we talk about online shopping, the first thing that comes in mind of the customers to validate and ensure that the website on which they are making the payment is safe and secure.
So, choosing the right payment gateway is a very crucial part. There are a lot of payment gateways are available like – Braintree, Adyen, Stripe and there are many more.
Moreover, these payment gateways also provide features like split payments. Split payment enables the split of the payments between the seller and the admin.
SEE MORE: Are you looking for a developer for your pharmacy market place? Let’s Connect.
According to stats provided by Statista it is estimated that E-pharmacy Marketplace will reach 128 billion dollars by the end of 2023.
Now that you have got a perfect overview of the E-pharmacy marketplace, it is the right time to dig in this industry and make a good fortune for yourself. If you are thinking to have your own E-pharmacy market place, then get into the e-commerce industry and start your own pharmacy marketplace.