Developing a profitable online medicine delivery app that aces your business to reap profits in no time
The demand for using medicine delivery apps elevated tremendously during the pandemic because of the usual patients. A considerable number of people around the world are surviving on regular medications as directed by specialized physicians.. With an estimated 422 million people living with Diabetes, the need for medicines has accelerated massively in the 21st Century. But with the wake of the pandemic, where every industry shut down their services, it was not allowed for ordinary people to go out of their homes. To be precise, the government restricted mobility and advised not to step out and remain in their homes to keep them away from getting infected with the virus. The situation paved the way for the rise of medicine delivery apps. It became a life savior for all the patients by delivering the required medicines at the user's doorsteps on time.
Growth of online pharmacies
A few decades ago, no one would have imagined or even had a faint of thought about ordering their medicines online via an app. But with the emergence of the Internet and advanced digital technological advancements, nothing is impossible to do. All the queries we had earlier are now solved by using a mobile app. But despite the strong presence of traditional medicine shops, people started preferring e-pharmacies for ordering medicines.
Now the on-demand pharmacy delivery app sector is beginning to dominate the Internet space. With a change in consumer preferences,, online pharmacies' growth has changed the pharmaceutical and medical industry's business approach.
Why are they popular?
Affordable pricing
The Uber for pharmacy delivery app offers a reasonable and budget-friendly price than the retail medical stores.
They offer exclusive deals, discounts, and offers for the medicines and ensure contactless delivery by leaving their medicines at their doorstep. Though they cannot provide medicines for emergency times, users tend to be attracted to lower prices.
Why are medicines expensive in medical stores and not flexible in price compared to e-pharmacies?
Stores/Medical shops have to pay a commercial cost for setting up a shop according to the real estate market terms. Hence, traditional medical stores cannot sell below the MRP of their drugs.
Offering varieties of medicines
The traditional pharmacy shop can stock only the most demanded medicines. But in on-demand medicine delivery apps, there are innumerable classes of medicines available due to the presence of warehouses.
Besides, in medical stores, users are not given the flexibility to choose the medicines that best suit their health condition. But this problem is solved in the medicine delivery app as it gives users the freedom and flexibility to choose an alternative medicine according to their needs.
The current trends of the online pharmacy market
The ongoing pandemic toppled all industries and has left people helpless. The founder and CEO of Netmeds stated that they can ensure safe delivery of medicines to their customers.
The demand for the overall medicine delivery has gone over 100%, says the founder of PharmEasy Dharmil Seth. The cause of this tremendous growth is because people want to stock up the medicines, especially during a pandemic, irrespective of their need.
According to recent New York research, the global pharmaceutical drug delivery market is predicted to touch $1.7 trillion by 2023.
Online medicine companies like 1mg, Netmeds, PharmEasy have seen a downfall. They have been struggling to generate consistent revenue all these years due to the regulations. But now, they have a massive demand surge during the Coronavirus outbreak.
Realizing the huge demand for having an online medicine delivery app, do not hesitate to kickstart your business in this sector. You can develop an app for the pharmacy delivery app that helps users get their medicines on time, and it also helps your business grow rapidly, generating profits prominently.
Business models of online medicine delivery app
Dedicated and aspiring entrepreneurs can develop and launch a robust online medicine delivery platform using any of the types of business models are given below.
Single-vendor medical dispensary marketplace
Multi-vendor medical dispensary marketplace
Single-vendor medical dispensary marketplace
Under this category, the admin manages the inventory and delivery process. In this type of business model, supplementary costs as well as administrative expenses are less.
Multi-vendor medical dispensary marketplace
Here, the online pharmacy business owner associates with the medical stores and forms partnerships in this model. Due to this partnering, the brick and mortar medical stores get listed on the app.
How to start your online business in pharmacy delivery?
Apart from choosing the right e-commerce medicine delivery platform, it is mandatory to follow certain laws and regulations before starting an online medicine delivery business.
To avoid future problems, you must focus on the following steps when starting an e-pharmacy.
Register the taxes
This is a major necessity for any business to run smoothly. Whenever medicines are delivered or sold by them, getting VAT (Value Added Tax) registration is of the utmost importance. This step should never be ignored.
Obtain a pharmacy license
Getting a license is a mandatory requirement when planning to start your e-pharmacy business. The concerned authorities issue the license only if the person has a legitimate degree in pharmaceutical science.
Form partnerships with the registered medical stores
Ensure to associate/partner with the registered pharmaceutical stores as they will be the vendors on your online marketplace.
Website & Mobile Apps
After fulfilling all the above-mentioned requirements, including getting your business registered in the pharmacy business, it is now time to launch your online medicine delivery app development in mobile apps and websites.
Steps in using pharmacy delivery application
Profile creation
Provide the required details to sign up. The user dashboard has a cart, payment method, and many other features.
Advanced search
Use the in-app search engine for product search. The advanced filter built in the app sorts the data in various categories like pill type, dosage, etc. Add the medicines you want in the cart.
Booking
Add to the cart is a virtual basket that holds all selected items. Upon choosing, the customer can view the entire list and book/schedule the order delivery.
Multi- Payment
The application is integrated with multiple payment options, and users pay according to their preferences.
Booking history
This feature lists all the previous orders, where it helps users re-ordering, thus saving time.
Wrapping Up,
The lockdown enforcement has made maximum people look up to the online medicine delivery providers. The online pharmacy delivery app development is integrating innovative features to protect customers from the deadly virus. They are following strict regulations to prevent their delivery agents and users from getting infected and infecting others. As responsible citizens, entrepreneurs can develop an app abiding by the government’s regulations and safeguard ourselves. This app will majorly help users and help generate reasonable profits for your business.
