There are many challenges facing online pharmacies in Dubai, but there are also opportunities. Some of these opportunities include competition, the availability of multiple distribution channels, and improved transparency. These challenges are a necessary part of the process to ensure the quality of medicines and the welfare of consumers. In addition to fostering competition, online pharmacies can also promote consumer welfare and safety. Despite their many advantages, online pharmacies are still in their early stages, and addressing them is vital to the continued development of the industry.
Lack of clear regulations:
The global survey found that while 49% of countries have clear regulations regarding online pharmacies, 51% do not. Of those countries that have regulations in place, 74% are in Europe. Ninety-two percent of African countries and all of South-East Asia have no regulations at all. Among other things, there are several legal challenges that online pharmacies must overcome. In this article, we will highlight some of the most prevalent obstacles that online pharmacies must overcome.
Lack of payment options:
While the majority of respondents agreed that an online pharmacy is more convenient than a brick-and-mortar pharmacy, many also disagreed. The most common weaknesses of online pharmacies include a lack of payment options, face-to-face contact with patients, and a lack of regulation. In addition, some respondents expressed concerns about security threats. The following sections will discuss some of the weaknesses of online pharmacies and provide some solutions.
Lack of transparency:
One of the biggest concerns with online pharmacies is the lack of transparency regarding their operations. Although third-party verification programs have been successful in other industries, they have not scaled to the online pharmaceutical market. There are some resources available to consumers, but these are often not well-known or firmly embedded in the web technology. In addition, some websites may be operating illegally or in questionable ways. Listed below are a few examples of potential red flags to look for.
The recent changes in the pharmacy market pose significant challenges for incumbents, as well as players across the entire value chain. Digital disruptors, with their customer-centric foundations and speed, pose a high risk to incumbents. While incumbents have a large customer base and existing platforms, they need to do more to stay ahead of the competition. Here’s how to keep pace with the competition. Read on to learn how to prepare your business to compete with online pharmacies.